Learn about actual and potential costs
How much should I pay for Packaging Services?
What is the average price of Packaging Services?
This procurement report includes pricing information to help you purchase Packaging Services. 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 Services 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 Services 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 Services?
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 Services 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 ?
In 2020, there are an estimated 4,890 vendors of packaging services. The market is highly fragmented, with the top four suppliers of packaging services accounting for less than 30.0% of market revenue. Typically, manufacturers work with local contract packaging suppliers to lower transportation expenses. As such, suppliers remain highly localized... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What are your minimum production runs?
Are there any associated fees for smaller runs?
How do you prioritize large and small production runs?
Do you provide discounts for smaller shipments that can be shipped with other items to common destinations?
How do you track customer satisfaction?
What experience do you have working with companies in my industry?
Do you have a list of companies that work in my industry to use for client references?
How has your client volume changed over the course of this year? Why?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? How are fluctuations impacting your ability to provide high-quality services? What measures are you taking to handle increased/reduced demand?
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Key elements for every RFP
What should my RFP include?
Buyers should specify the total budget for the packaging services.
Buyers should suggest the best method of billing.
Buyers should prioritize vendors that are located nearby to cut lead times and transportation costs.
Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.
Buyers should indicate the date when proposals are due.
Buyers should state the date when the contract award will be announced.
Buyers should indicate the required frequency of the packaging services.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk for packaging services is moderate. Contract packaging providers either produce packaging materials in-house or source packaging materials from various upstream suppliers, including paperboard producers and plastic manufacturers. As such, key first tier suppliers include paperboard mills, plastic and resin manufacturers, glass bottle manufacturers, industrial chemical producers and... Subscribe to learn more.