Blister Packaging Market Procurement Intelligence (Supplier Intelligence, Supplier Ranking, Best Practices, Engagement Model, 2020 – 2025
Category
Overview
“Increasing demand for pharmaceuticals and consumer goods is
fueling the growth of the blister packaging market”
The global blister packaging market is expected to expand at a
CAGR of 7.4% from 2020 to 2025 due to the growing demand for unit-dose
packaging, short-cycle medication, and a monitored dosage system to improve
patient adherence.
There is a shift from plastic containers to
blisters in North America to enhance patient compliance for the growing old-age
population. Europe, Middle East, and Africa (EMEA) is expected to register the
highest CAGR of more than 8% and reach USD 10.31 billion by 2024 owing to the
increasing concerns over physical protection, barrier protection, containment
or agglomeration, security, convenience, and portion control.
Supplier Intelligence
“The blister packaging market is fragmented as a higher number
of suppliers are present across different regions, which decreases the
bargaining power of suppliers.”
The blister
packaging market features a
highly fragmented competitive landscape as several small players are entering
the market. Moreover, low manufacturing and operating costs have lowered the
entry barriers for new players and increased the threat of new entrants.
The
competitive rivalry is intensifying as global players are focusing on new
product development, M&A deals, and strategic partnerships to strengthen
their regional presence and cater to the demand from emerging economies.
Pricing
and Cost Intelligence
“Forming film, lidding material, heat seal coating, and printing
inks are the major components of blister packaging, constituting around 60% of
the overall cost.”
The prices of raw materials such as PVC have increased to more
than 25% over the last three years owing to supply shortages and the shutdown
of plants in the U.S. due to the cold weather. The lidding material is majorly
made of aluminum. The price of aluminum witnessed a drop since 2019. However,
it is expected to increase steadily in the next five years. Blister packaging
is used to protect retail and pharmaceutical products, which incurs additional
costs for distribution, freight, and shipping.
View report summary: Blister Packaging Market Procurement Intelligence Report
The blister packaging market procurement
intelligence report provides a detailed analysis of the cost factors and
parameters that add to the total cost of ownership along with a should-cost
analysis.
Sourcing
Intelligence
“U.S.A. has been a key exporter of raw materials for blister
packaging.”
Since 2015, the U.S. has been consistently listed under the list
of top five plastic packaging exporters globally.
The exports reached the highest value in 2019. However, in 2020,
imports had exceeded the exports for the first time in five years majorly due
to the COVID-19 pandemic.
From a sourcing perspective, the majority of suppliers opt for a
full-service outsourcing engagement model as it reduces the complexities
associated with in-house manufacturing.
Suppliers widely prefer approved provider
operating models to reduce risks and improve the potential for value creation.
As such, suppliers are expected to move from offering generic services to
proprietary services in the future. The report also provides details regarding
quick wins, portfolio analysis, key negotiation strategies of key suppliers,
and low-cost/best-cost sourcing analysis.
Check out the featured Addon Services offered with Blister Packaging Market
Procurement Intelligence Report:
About us:
A smart and effective supply chain is
essential for growth in any organization. Pipeline division at Grand View
Research provides detailed insights on every aspect of the supply chain which
helps in efficient procurement decisions.
Our services include (not limited to):
·
Market Intelligence involving - market size and forecast, growth
factors, and driving trends
·
Price and Cost Intelligence - pricing models adopted for the category,
the total cost of ownership
·
Supplier Intelligence - rich insight on supplier landscape, and
identifies suppliers who are dominating, emerging, lounging, and specializing
·
Sourcing / Procurement Intelligence - best practices followed in the
industry, identifying standard KPIs and SLAs, peer analysis, negotiation
strategies to be utilized with the suppliers, and best-suited countries for
sourcing to minimize supply chain disruption
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Our market/procurement Intelligence reports
include in-depth and actionable insights that help clients in understanding the
different aspects of the supply chain and take more effective decisions.
Find More information @ https://www.grandviewresearch.com/pipeline
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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