Stick Packaging Market Procurement Report – Category Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#labeling–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their 'Stick
Packaging 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 stick packaging and acts as an
all-inclusive guide for making smart purchasing decisions.

“The growth of the global stick packaging market is mainly attributed
to an increase in demand from the food and beverage, pharmaceutical and
chemical industries,” says SpendEdge procurement research analyst Tridib
Bora. “These industries use stick packaging due to its characteristics
such as temperature and humidity resistance, easy-tear, and high-barrier
strength,” 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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Report Insights

• Increasing adoption of stick packs in the food and beverages industry
  due to their properties such as contamination resistance from air and
  temperature, high-barrier strength, and high puncture resistance that
  help in achieving longer shelf-life for the purchasing managers.
• The food industry is one of the major end-users of stick packaging.
  Items such as sugar are prone to allergen risks. Suppliers of stick
  packaging need to assist in allergen management by clear labeling of
  allergens in the pack. Henceforth, purchasing managers must procure
  stick packs from suppliers that take care of allergen management.
• Purchasing managers of the stick packaging industry often face
  challenges in procuring from regional suppliers as they cannot adhere
  to international packaging standards, especially in terms of
  export/import of stick-packs, due to the variation of packaging
  standards across geographies.

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Stick Packaging Pricing Trends

The unit-based pricing and cost-plus pricing are the most two widely
accepted pricing models in the global stick packaging market. Unit-based
pricing facilitates alignment of manufacturing cycles with the
procurement as the packages are purchased in a particular quantity.
Moreover, it offers opportunities price discounts in case of bulk
purchasing.

The cost-plus model is relatively transparent as prices vary based on
the cost of raw materials and manufacturing. Markups can be according to
industry standards, and hence, purchasing managers can purchase
according to current prices in the global stick packaging market.

The competitive pricing model has high potential due to several reasons
and expected to gain higher adoption level in the global stick packaging
market. Competition among suppliers increases bargaining power for
procurement managers. Furthermore, value-added services such as printing
and labeling can be offered to purchasing managers as suppliers try to
differentiate themselves from its competitors.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement intelligence partner for
Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]