Plastic Bottles Procurement Intelligence
The plastic bottles procurement is gaining traction as beverage companies are seeking lightweight packaging solutions. The plastic bottles market is anticipated to grow at a CAGR of 4.2% from 2024 to 2030.
The demand for the product is primarily driven by the beverage industry’s need for lightweight, durable, and cost-effective packaging solutions, coupled with the increasing consumption of bottled water and soft drinks globally. Additionally, the growing popularity of a convenience-oriented lifestyle further fuels the demand for single-use bottles. The development of recycled and biodegradable bottles is creating new opportunities for businesses in the plastic bottle industry to focus on sustainable bottles.
Order your copy of the Plastic Bottles 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
Plastic Bottles Procurement Intelligence Report Scope
The Plastic Bottles category is expected to have pricing growth outlook of 12% - 15% increase (Annually), with below pricing models.
- Volume-based pricing, competition-based pricing
Supplier Selection Scope of Report
- Cost and pricing, Past engagements, Productivity, Geographical presence
Supplier selection criteria of Report
- Shape, type, quality, and size of the bottle, end-use industries served, comparing prices for the same bottle of different suppliers, production capacity, customization option, delivery option, geographical presence, years in services, regulatory compliance, operational and functional capabilities, and others.
Plastic Bottles 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
Plastic Bottles Procurement Cost and Supplier Intelligence
Raw materials (polyethylene terephthalate or PE or PLAs), labor, machinery, transportation, and packaging are some of the costs incurred in manufacturing plastic bottles. Polyethylene terephthalate (PET) is one of the major raw materials to manufacture the bottle. Hence, fluctuations in the raw material prices can significantly impact the production costs. The price of PET pellets as of November 2023, was around USD 8,000 to USD 9,000 per ton. In November 2023, the cost of processing a 500ml bottle was approximately USD 0.3 to USD 0.5 per bottle. Packaging costs include capping and bagging and cost around USD 0.1 per bottle. The overall cost of producing a typical 500ml plastic water bottle can be around USD 1 - 1.5 per bottle. To determine the final cost of a product, various factors are taken into consideration, such as the price and quality of raw materials, production technology, labor costs, transportation costs, and market demand.
As part of the plastic bottles procurement strategy, clients such as beverage companies fully outsource their bottle manufacturing. Outsourcing container production helps them in cost saving, giving access to specialized services, improving product quality, and getting exposure to sustainable production. The quality of the bottle is a critical factor in the procurement of the product, and procurement professionals should choose providers that offer better quality bottles in different sizes, shapes, and types. Procurement professionals or leaders must check the type of plastic used and the suitability for the end-use. China, Mexico, and Vietnam are some of the preferred countries for sourcing and procurement of plastic bottles. China is the largest producer of plastic globally. Around 20,000 bottles are produced across the world as of 2023.
List of Key Suppliers
- Amcor plc
- Berry Global Inc.
- Cospack America Corp
- Graham Packaging Company
- Comar
- BERICAP
- Sailor Plastics
- Container Corporation of Canada
- Alpack Plastics
- Plastipak Holdings Inc.
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: MAs, technological innovations, expansion, litigations, bankruptcy etc.
Browse through Grand View Research’s collection of procurement intelligence studies:
- Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
- Loyalty Programs Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
- Helium Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
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
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.
