LONDON--(BUSINESS WIRE)--Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their ‘Label and Package Printing Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the managed services industry. This report breaks down the data and analysis behind the procurement of label and package services and acts as an all-inclusive guide for making smart purchasing decisions.
“The global label and package printing market is driven by increased product proliferation and growing popularity of private labels in the retail sector,” says SpendEdge procurement research analyst Tridib Bora. “This leads to the demands for attractive package printing to attract customers,” added Tridib.
Key Report Features
|Supply Market Insights||Negotiation Strategies|
|Procurement Best Practices||Category Risk Analysis|
|Cost Saving Opportunities||Key Supplier Analysis|
|Pricing Models||Supplier Capability Matrix|
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- The global label and package printing market is expected to grow due to product proliferation in segments such as beverages, snacks, hair care, and soaps. Also, the growth of this category is fueled by the popularity of private labels in North America and Europe.
- Purchasing managers must partner with suppliers that can provide consistent color through all batches of printed labels and packages. Inconsistent color in packages can lead to negative perception about the brand or products. Moreover, attaining consistent color can be a difficult task, hence purchasing managers must provide a tolerance level for color deviation.
- It is difficult for buyers to ensure reliable information related to spends such as expected ink consumption page number or size, embedded fonts, and simplex or duplex fonts. This leads to increased cost fluctuations of the total print costs posing a challenge for purchasing managers.
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Label and Packaging Pricing Trends
The cost-plus pricing is one of the most adopted pricing models in the global label and packaged printing market. This pricing model offers a high transparency to purchasing managers in terms of pricing for the print services as the fee is based on the total manufacturing cost, plus a markup percentage.
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