LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Molded Plastic Packaging Market 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 packaging and labeling industry. This report breaks down the data and analysis behind the procurement of molded plastic packaging and acts as an all-inclusive guide for making smart purchasing decisions.
“The global molded plastic packaging market is witnessing a promising growth with the changing lifestyle of the people, which is promoting the use of products that comes in convenient packaging,” says SpendEdge procurement analyst A Kowshik. “Also, the demand for durable, lightweight, and convenient packaging from end-users is driving the global molded plastic packaging market,” added A Kowshik.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Molded Plastic Packaging Market:
- Smart manufacturing of molded plastic packaging using IoT
- Incorporation of big data for production tooling of molded plastic
- Developing packages with consumer-preferred attributes
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Smart manufacturing of molded plastic packaging using IoT
In recent years, the molded plastic packaging is evolving with the suppliers adopting active, smart, and intelligence technologies to offer products to the end-users. This helps the suppliers gain production efficiencies, reduce time-to-market and improve the overall product quality.
Incorporation of big data for production tooling of molded plastic
In the molded plastic packaging market, the suppliers are incorporating big data to gain real-time transparency to monitor output and maintenance needs for ensuring that production requirements are met. This further helps the supplier facilitate improvement in the production process.
Developing packages with consumer-preferred attributes
The suppliers in the molded plastic packaging market are incorporating on-the-pack innovations to increase customer attention. This also increases the convenience of product usage for consumers via clear and concise on-pack information.
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