Learn about actual and potential costs
How much should I pay for Packing Tape?
What is the average price of Packing Tape?
This procurement report includes pricing information to help you purchase Packing Tape. 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 Packing Tape 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 Packing Tape 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 Packing Tape?
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 Packing Tape 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 ?
The packing tape market has a moderate level of market share concentration, with the top four suppliers accounting for less than 50.0% of total market revenue. While a few large-scale suppliers like 3M and Intertape Polymer Group have carved out sizeable chunks of the market for themselves, the majority of... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Experience and Expertise
How long have you provided these products to your longest-tenured client?
What qualifications does your staff have and what measures do you take to keep those qualifications up to date?
What industry do you most commonly supply this product for?
To what extent will ordering multiple products from your firm allow me to save on costs?
What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?
Supply Chain Risk
Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?
Has the availability of raw materials tightened due to the coronavirus outbreak?
Over the past three years, what percentage of your revenue has been dedicated to labor?
How have fluctuations in input prices affected the prices of your products during the past three years?
How do you mitigate sudden price increases in raw materials?
When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?
How, if at all, has your supply chain been affected by import tariffs levied in 2018?
How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?
How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?
What ongoing training procedures do you provide for your staff?
Have you ever been found to be noncompliant with regulatory frameworks?
Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
What are your best-selling packing tape products?
How do you ensure quality?
What is the typical inspection process that your product undergoes?
How often do you experience defects with your products?
Do you source materials with high exposure to market disruptions resulting from the coronavirus pandemic? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
Amidst widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Are you experiencing fluctuations in demand as a result of the coronavirus pandemic? What measures are you taking to handle increased/reduced demand?
Do clients have a dedicated account manager, or do they call a general support line?
How many clients does each account manager look after?
Do you offer 24/7 customer account and technical support?
Do you have response time benchmarks for following up with and problem solving for a client?
What is your process for dealing with customer problems and complaints?
Where are your manufacturing facilities located?
Do you have local warehousing facilities or partner with any local warehouses?
Is your entire supply chain and reordering process electronic?
How much product do you currently have in stock?
How long will it take you to get a product that is not in stock?
What other types of tape and related products do you carry?
What types of discounts do you offer for bundling related goods with my purchase?
What type of discounts do you offer for specific types or brands?
Do you offer limited packing tape samples for my company to test out?
Do you offer any training or support services to help my company improve our shipping and packaging process?
What sets your product line apart from your foreign competitors'?
Have imports adversely affected your operations?
How has import competition affected your pricing?
Do you import your raw materials or source them from domestic suppliers?
How do you ensure timely and accurate shipping?
What is your record for on-time delivery?
What logistical systems do you have in place to manage outgoing shipments?
What shipping supplier do you primarily use?
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Key elements for every RFP
What should my RFP include?
Buyers should explicitly state the amount for the award.
Buyers should describe the desired type of supply contract, including the desired payment terms.
Buyers should explain the schedule by which payments will be made.
For assistance in ascertaining a reasonable price and price range for packing tape, buyers can consult the Benchmark Price section of this report.
Buyers should look for suppliers that have been in business for a long time and have experience serving similar businesses.
Buyers should ask for a list of references from current and former clients.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should communicate to prospective suppliers when award information results will be provided.
Buyers need to provide due dates for long-term contracts so that they know when to expect shipments.
Buyers should provide general expectations with regard to response time and customer service.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain risk for vendors of packing tape is medium. The bulk of supply chain risk comes from vendors' reliance on plastics, resins, rubber, chemicals and other input materials used to make adhesives and the backing material of tape. Many of these chemical inputs are petroleum-based materials, which means... Subscribe to learn more.