Learn about actual and potential costs
How much should I pay for Plastic Bags?
What is the average price of Plastic Bags?
This procurement report includes pricing information to help you purchase Plastic Bags. 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 Plastic Bags 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 Plastic Bags 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 Plastic Bags?
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 Plastic Bags 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 plastic bags market is fragmented and highly competitive, with the top four players capturing less than 30.0% of total market revenue. Therefore, market share concentration is low. About 1,400 suppliers operate in the plastic bags market, including manufacturers and wholesalers. The plastic bags market is composed of a number... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How do you address the changing cost of raw materials? How does volatility in the cost of raw materials affect the prices that buyers pay?
Do you acquire raw materials from multiple sources? What measures do you undertake to ensure a continual supply of raw materials? Are there any sole-sourced raw materials? Do you source from any countries affected by the coronavirus pandemic? How do you ensure these raw materials are delivered on time?
How do you achieve efficiency in your operations? Is your company operating at full capacity amid the pandemic?
Do you offer ongoing staff training and development?
How large must my order be to obtain a volume-based discount? How much of a discount is it?
How does the contract term length affect price?
Do you offer any samples of plastic bags prior to purchase?
Do you offer any customer rebates? If so, do you impose any specific requirements?
Scope of Operations
What additional products and services do you offer?
How will the per-unit price for each product change when purchasing additional products or services?
How does bundling affect the buying lead time?
What brands do you carry for the product I am seeking?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
Buyers should indicate the total value of the contract for plastic bags.
Buyers must specify any terms for price adjustments during the term of the contract.
Buyers are advised to reference the Benchmark Price section of this report to determine whether they are paying competitive prices for plastic bags.
Buyers should indicate their preferred payment methods and the frequency of payments.
Buyers should evaluate vendors based on whether they can supply plastic bags that meet the criteria outlined in the RFP.
Buyers should give preference to vendors that can meet their budget requirements.
Buyers should look for providers that offer value-added services.
Buyers should give preference to providers that can deliver the plastic bags within the required time frame.
Buyers should reference the Buying-Decision Scorecard section of this report for additional criteria when evaluating vendors.
Buyers need to provide the date when vendors’ proposals are due.
Buyers should provide the date when vendors will be notified about contract awards.
Buyers should specify the desired length of the contract.
Buyers should indicate the date by which the bags must be delivered.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain risk for vendors in the plastic bags market is moderate. This level of risk reduces buyer power because it means that providers are more likely to encounter supply chain disruptions that raise their operating expenses or prevent them from manufacturing their products. Consequently, providers may be less... Subscribe to learn more.