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Procurement Market Intelligence Report

Packaging Machines Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Packaging Machines?

What is the average price of Packaging Machines?

This procurement report includes pricing information to help you purchase Packaging Machines. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Packaging Machines been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Packaging Machines yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Packaging Machines?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Packaging Machines with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Packaging Machines?

According to ProcurementIQ estimates, there are 1,030 vendors of packaging machines in the United States. The market is highly fragmented, wherein the top four vendors account for less than 30.0% of market revenue. In the three years to 2018, market share concentration has remained steady. Although some merger and acquisition... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Customer Service

Do you offer around-the-clock customer service support?

Have you had any major complaints from customers?

What is your process for dealing with customer problems and complaints? Do you have an escalation process?

How have you developed and maintained customer relationships?

What is your return and exchange policy?

Quality

How often do you experience defects with your packaging machines?

How do you ensure the quality of your packaging machines? What performance-monitoring systems are in place at your company?

What is the average lifespan of your packaging machines?

What have you done to improve the reliability and safety of your machines in the past few years?

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Key elements for every RFP

What should my Packaging Machines RFP include?

Project Budget

Buyers should explicitly state the amount of the contract award.

Buyers should explain when and how many payments will be made.

Buyers can consult the Benchmark Price section of this report to determine how much they should pay for each packaging machine.

Selection Criteria

Buyers should evaluate the experience of the supplier.

Buyers should make sure the provider offers appropriate types of packaging machines with the appropriate levels of technological sophistication.

Buyers should evaluate suppliers based on the estimated costs of the packaging machines they offer.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers need to include the date when proposals are due and when award information will be available.

Buyers should include any relevant delivery, installation or training dates in the RFP.

Buyers should include any other benchmark dates relevant to their projects that suppliers will need to be aware of.

Evaluate major factors to mitigate risk

How risky is the Packaging Machines supply chain?

The supply chain for packaging machines holds a moderate level of risk. Manufacturers of packaging machinery rely on a variety of upstream vendors, including metal pipe and tube manufacturers, nonferrous metal foundry product manufacturers and engine and turbine manufacturers. However, the supply chain risk from upstream suppliers is largely isolated... Subscribe to learn more.

HIGH

MEDIUM

LOW