Stick Packaging Market Procurement Report – Category Spend Analysis by SpendEdge

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.

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Global Stick Packaging Procurement Market Intelligence Report (Graphic: Business Wire)

“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

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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.

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