SpendEdge Forecasts a Spend Growth of Over USD 120 Billion for the Paper and Paperboard Packaging Market

Global Paper and Paperboard Packaging Market Procurement Intelligence Report. (Graphic: Business Wire)

LONDON--()--SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Paper and Paperboard Packaging Market - Procurement Intelligence Report.

The growing preference towards eco-friendly and sustainable packaging solutions that are manufactured of bio-degradable materials will drive the demand growth of the corrugated packaging segment. This will serve as one of the primary growth drivers in the paper and paperboard packaging market and will drive the spend momentum at a CAGR of more than 5% through 2023. Stringency in regulations that mandate the usage of bio-degradable packaging solutions will further contribute to the overall spend growth in the paper and paperboard packaging market.

Despite predictions of spend growth, the gradual increase in the price of raw materials that are essentially used to manufacture packaging materials will have an inflationary impact on the cost structure of suppliers. While this price rise will compel the suppliers to implement constant changes in their operational budget, they will tend to compensate for the same by increasing the prices of packaging materials.

Possibilities of price rise of raw materials such as Kraft paper, wood fiber, glue, wood chips, ink, caustic soda, starch, among others will add to the manufacturing cost of suppliers. This will have an inflationary impact on the paper and paperboard packaging market price,” says SpendEdge procurement research analyst Tridib Bora.

Is your business challenged with price dynamism? SpendEdge offers you free access to real-time procurement strategies to address such price dynamism and secure your position in the advertising production services market. To try our procurement platform for free, request a free demo.

What do the paper and paperboard packaging price trends indicate?

  • The recent paper and paperboard packaging market price trends hint at a significant rise in prices of recycled paper. Such a price hike is attributed to the sudden rise in demand from the e-commerce companies.
  • The distribution and warehousing costs involve expenses of the distribution of packaging materials as well as their storage cost. It is expected to increase owing to an expected hike in fuel cost, resulting in higher transportation and energy cost.

DISCOUNT ALERT: Contact us to get a 40% discount on this complete paper and paperboard packaging market intelligence report or read the free sample report to know the best practices to optimize your procurement spend.

What are the scopes of optimizing procurement spend in the paper and paperboard packaging market?

  • Engage with suppliers who can offer technical support and consulting on paper and paperboard grade selection, offer packaging value analysis, packaging volume optimization, among others. This will improve the ergonomics of packaging as well as reduce the cost incurred on packaging material procurement.
  • It is imperative for buyers to assess the logistics capabilities of suppliers to ensure that they can provide consistent delivery as per their manufacturing requirements. Packaging suppliers who have well-established supply chain and logistics capabilities, such as vertical/horizontal integration or partnership with different vendors and logistics providers, are usually resilient to supply disruptions as they can switch between vendors in case of such disruptions.

Subscribe to our procurement platform to get regular and real-time updates on thousands of markets without any additional costs or commitment.

Some of the key topics covered in this report are:

  • Paper and paperboard packaging market spend segmentation by region
  • Total cost of ownership analysis in the paper and paperboard packaging market
  • Regional spend opportunity for paper and paperboard packaging suppliers
  • Paper and paperboard packaging suppliers cost structure
  • Paper and paperboard packaging suppliers selection criteria
  • Paper and paperboard packaging suppliers under coverage
  • Procurement best practices
  • Category management objectives
  • Cost saving opportunities in the paper and paperboard packaging market

Free sample of reports that you may like:

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us

Release Summary

SpendEdge has announced the release of its Global Paper and Paperboard Packaging Market Procurement Intelligence Report

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us