PET Packaging Procurement Research ÔÇô Market Trends and Spend Analysis by SpendEdge

April 24, 2018

LONDON–(BUSINESS WIRE)–#packagingandlabelingindustry–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ÔÇÿPET
Packaging Market Procurement Research Report.ÔÇÖ 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 PET packaging and acts as an
all-inclusive guide for making smart purchasing decisions.


ÔÇ£The global PET packaging market is experiencing a promising growth,
owing to the demand from end-user industries such as F&B,ÔÇØ says
SpendEdge procurement analyst Bhuvaneshwari Udayakumar. ÔÇ£Also, APAC has
some of the most populated countries which creates a growing demand for
packaged products,ÔÇØ added Bhuvaneshwari.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global PET
Packaging Market:

  • Reduction in weight of PET containers
  • Advent of small- volume SKUs
  • Impact of circular economy on PET industry

This report is available at USD 1000 discount for a limited time only:
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the report snapshot before purchasing

Reduction in weight of PET containers

In the PET packaging category, the suppliers are planning to reduce the
materials in the packaging techniques to achieve material efficiency and
further minimize the weight of PET containers. This provides the room
for a large shipment as the weight of the packaging reduces.

Advent of small- volume SKUs

In the recent years, there is a growing trend of miniaturization of the
liquid PET packaging segment. This helps the suppliers provide larger
customer reach for buyers, as they can target individual customers.

Impact of circular economy on PET industry

PET packaging is completely recyclable and provides the room for
reducing environmental impacts. The suppliers also provide
sustainability in the supply of raw materials and reduces production
costs.

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our report snapshot to gain detailed insights into the current
market trends.

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SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market 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
Anirban Choudhury
Marketing Consultant
US: +1
630 984 7340
[email protected]