Blister Packaging Market Procurement Intelligence (Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country Report

Blister Packaging Market Procurement Intelligence (Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country Analysis, Day One Analysis Report, 2020 - 2025

  • Published Date: Sep, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-P-10506
  • Format: Electronic (PDF)
  • Historical Data: 2018-2019
  • Number of Pages: 60

A should cost model is an all-important technique for deriving and forecasting the actual cost of a product/service over the forecasted period. It serves as a competitive edge for supplier negotiations by determining the actual price for the cost components. The outcome helps procurement leaders to understand detailed fact-based cost drivers for the category.

In the blister packaging procurement intelligence study, we have estimated and forecasted pricing for the key cost components. Raw materials are the largest cost component of blister packaging manufacturing cost. It accounted for more than 60% of the overall cost of manufacturing. Forming film and lidding materials are the key cost driver of raw materials. Forming films are made of PVC and the prices of PVC peaked in 2020, largely due to COVID-19 and subsequent supply chain disruptions. However, prices are expected to stabilize gradually from 2021. Lidding material is majorly made of aluminum, prices of which have been dropping since 2019 but are expected to increase steadily over the next 5 years. Labor cost is the key cost component of overhead costs. Trends of market correction in terms of salary are resulting in the rise of labor wage globally. However, salaries are based on region-centric policies. Therefore, shifting procurement and manufacturing practices to LCC countries could help manufacturers drive down the cost of labor.

Every organization and its procurement team wants to negotiate the best deal while procuring a set of products or services. Rate benchmarking uses price/cost comparison of more than one set of products/services to analyze the most efficient combination that will help the procurement team to get the optimum rate.

The type of the forming film is one of the most important aspects while analyzing rate benchmarking of blister packaging. In our research, we have compared the rates of six types of forming films including polyvinyl chloride (PVC), polyvinylidene chloride (PVDC), chlorotrifluoroethylene (CTFE), polypropylene (PP), polyethylene terephthalate (PET), and polystyrene (PS). By using rate benchmarking analysis, we found that PVDC and CTFE forming films price per unit area is 60%-80% higher than PP, PET, PS, and PVC forming films. PVC forming films offers the lowest price per unit area and it has an 80% better water vapor transmission rate (WVTR) than PVDC, CTFE, and PP forming films. PVC films' high cost-efficiency ratio in price/unit area makes it most preferable forming film material for blister packaging suppliers.

To gain a comprehensive understanding of the other aspects of rate benchmarking, please subscribe to our services for the complete report.

Labor is one of the key cost components incurred while offering a product or service. Understanding the pricing structure of salary is important for organizations in selecting the appropriate supplier and building a good negotiation strategy. It is also an important factor in determining whether the category under focus should be outsourced or built in-house.

Our research indicates that Honeywell production managers earn 50-60% higher salaries than production managers from other key industry leaders like Amcor and DoW. However, the YoY increment rate in such companies largely depends on KRAs.

It is cumbersome for any organization to continuously track the latest developments in their supplier landscape. Our newsletter service helps them remain updated, to avoid any supply chain disruption which they may face, and keep a track of the latest innovations from the suppliers. Outsourcing such activities help clients focus on their core offerings. Our research on the blister packaging market has identified the following developments:

In July 2021, Huhtamaki, a Finland-based packaging company launched the first paper-based blister solution for the pharmaceutical and healthcare industries called Push Tab paper. It acts as a sustainable replacement for traditional push-through packaging, which is made from thermoformed polyvinyl chloride (PVC) and aluminum.

In April 2021, Amcor developed the world's first recyclable polyethylene-based thermoform blister packaging. The new packaging is designed to meet the stringent requirements of highly specialized and regulated pharmaceutical packaging and creates a more sustainable alternative for the most in-demand healthcare packaging type.  It also benefits from up to 70% reduction in its carbon footprint, in comparison with other packaging alternatives on the market.

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Add-on Services

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.

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