Tube Packaging Procurement Intelligence
The global tube packaging category is projected to grow at a CAGR of 5.7% from 2024 to 2030.
Key factors driving the growth of the global category include growing consumption of personal care products, rising use of flexible packaging formats, advancements in packaging technology, increasing demand from emerging markets, and a surge in requirement within the pharmaceutical sector. Some of the major trends in the market include rise in usage of biodegradable and sustainable products, growing prioritization of consumer safety, increase in product innovations, emergence of paper-based tube packaging, and rising adoption of minimalist design. For instance, paper-based tube packaging is increasingly being used for food items, cosmetics, personal care products, textiles, and apparels, as it offers a natural and eco-friendly alternative to traditional plastic packaging. Paper-based tubes are lightweight and cost-effective and are durable and customizable. Few of the major restraining factors include stringent government regulations, issues in recyclability of plastic, availability of substitutes, and fluctuations in raw material prices.
Order your copy of the Tube Packaging category procurement intelligence report 2024-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Tube Packaging Procurement Intelligence Report Scope
The Tube Packaging category is expected to have pricing growth outlook of 5% - 10% increase (Annually), with below pricing models.
- Cost-plus pricing
- Competition based pricing
- Demand-based pricing
- Volume-based/bulk pricing
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Productivity
- Geographical presence
Supplier selection criteria of Report
- Geographical service provision
- industries served
- years in service
- employee strength
- revenue generated
- regulatory certifications
- key clientele
- usage mode (squeeze/twist)
- sustainable product offerings
- integration of smart packaging (yes/no)
- customer service
- lead time
- others
Tube Packaging Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Tube Packaging Procurement Cost and Supplier Intelligence
Raw materials, labor, equipment, labelling, logistics, and other costs are the major cost components in this category. Other cost components comprise R&D, compliance, rent and utilities, general and administrative, sales and marketing, and taxes. Raw materials and labor account for the largest share of the cost structure. Key players in this category typically adopt cost-plus pricing model in order to price their products. In the cost-plus pricing structure, a profit margin is added to the product's manufacturing expense, to determine the ultimate selling price. This pricing structure enables vendors to ensure a profit on the products being sold. Few of the key factors influencing the prices of tube packaging include fluctuations in the prices of raw materials such as aluminum and plastic, variations in labor costs, deviations in fuel and shipping costs, and geographic location.
For instance, prices of Polyethylene (PE) and Polypropylene (PP) resins are forecasted to rise in Q1 2024. In 2023, the prices of aluminum tubes used for packaging in the U.S. were in the range of USD 0.05 - USD 1.2 per tube. The prices of laminated tubes were in the range of USD 0.06 - USD 0.7 per tube. Moreover, the prices of plastic tubes were in the range of USD 0.03 - USD 0.5 per tube.
List of Key Suppliers
- Albea Group
- Amcor plc
- Berry Global Inc.
- EPL Limited
- Hoffmann Neopac AG
- Huhtamäki Oyj
- Montebello Packaging
- Romaco Group
- Sonoco Products Company
- Unette Corporation
Add-on Services provided by Grand View Research Pipeline:
Should Cost Analysis
- Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
Rate Benchmarking
- Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
Salary Benchmarking
- Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
Supplier Newsletter
- A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
Browse through Grand View Research’s collection of procurement intelligence studies:
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Brief about Pipeline by Grand View Research:
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 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, total cost of ownerships
- 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 disruptions
