Packaging Industry Business Outlook and Procurement Survey June-November 2018

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

GlobalData’s "Packaging Industry Business Outlook and Procurement Survey June-November 2018", examines executives’ opinions on the business outlook and procurement activities over June-November 2018. Organizations can know about key business priorities, supplier price variations, changes in capital expenditure, and organizations’ digital transformation strategies. Additionally, it provides information categorized by region and company types.

Amid increasing awareness regarding the environment and public health, growing demand for sustainable packaging, improved technology, and rising competition, packaging companies are looking forward to expanding in the current market, developing new products, and improving operational efficiency over the next six months. Moreover, companies are expected to gain significant growth opportunities from emerging markets (such as China, India, and Mexico) and developed markets (such as the US, Germany, and Canada) during June-November 2018. Additionally, 33% of respondents anticipate their companies' global procurement budget to range more than US$1 million during June-November 2018. Respondents are expecting mergers and acquisitions to increase within the packaging industry over the next six months.

Furthermore, survey reveals that Internet of Things (IoT) and APIs and digital platforms are the key emerging technologies that are expected to gain investment in the packaging industry over the next two years.

What else does this report offer?

– Key business priorities: examines the packaging companies’ important priorities for June-November 2018
– Emerging and developed markets: provides information about key emerging and developed markets which are expected to offer the significant growth over the next six months
– Change in M&A activity: analyzes packaging industry executives’ opinions on changes in merger and acquisition activity globally
– Business concerns: identifies major business concerns that are likely to impact manufacturers and suppliers
– Change in capital expenditure: tracks the expected change in capital expenditure both globally and regionally
– Change in procurement activities: evaluates how procurement activities will change in the packaging industry over the next six months
– Procurement budget outlook: projects procurement budget allocation along with changes in procurement expenditure over June-November 2018
– Supplier prices outlook: determines the expected change in supplier prices over June-November 2018
– Organizations’ digital transformation strategies: identifies executives’ perspectives towards the scope, barriers, and essentials of the digital transformation within the packaging industry
– Prevalence of emerging technology: determines the expected technology to gain investment among packaging companies over the next two years.

Scope

– Expansion in the current market, new product development, and improving operational efficiency are the top three priorities for the packaging companies over the next six months

– Cost containment and responding pricing pressure are projected to be the leading concerns for the packaging industry during June-November 2018

– In total, 66% of respondents expect either an increase or a significant increase in capital expenditure for new product development over the next six months, and 58% expect the same for machinery & equipment purchases over the same period

– Overall, 75% of respondents who operate in North America anticipate supplier prices will increase somewhat during the coming next six months

– Survey reveals that 42% of respondents identify insufficient funding, and 39% see lack of specific skills and talents, as the most critical barriers that hinder the digital transformation within the packaging industry.

Reasons to Buy

– Highlights key business priorities thus helping packaging companies to realign business strategy

– Develop or adjust business expansion plans by using significant growth-offering emerging and developed markets

– Helps enterprises by providing the insights into the changes in procurement budget allocations through procurement budget projections anticipated by executives for June-November 2018

– Implement effective price management by viewing supplier price variations highlighted for the next six months

– Identify the scope, challenges, and essentials for the digital transformation within the packaging industry.

Multivac
Oliver Healthcare Packaging
DS Smith Plc
Europac
WestRock Company
KapStone

Table of Contents

Table of Contents

Introduction

Definitions

Methodology and sample size

Respondent profile

Global Business Outlook in June 2018-November 2018

Strategic business priorities

Emerging markets with significant growth potential

Growth potential for developed markets

Mergers and acquisition

Leading business concerns

Capital expenditure projections

Procurement Behaviors and Strategies

Potential changes in procurement resources and objectives

Procurement activity outlook in key areas

Global procurement budget projections

Planned change in procurement expenditure

Supplier prices outlook

Digital Transformation and Emerging Technologies

Digital transformation strategy & scope

Barriers and essentials in digital transformation

Emerging technologies

Appendix

Figures

List of Figures

Figure 1: Organizations‘ Top Priorities – Overall (June 2018-November 2018)

Figure 2: Organizations‘ Top Five Priorities – By Region

Figure 3: Organizations‘ Top Five Priorities – By Company Types

Figure 4: Emerging Market with Significant Growth Opportunities – Overall (June 2018-November 2018)

Figure 5: Top Five Emerging Market with Significant Growth Opportunities – By Region

Figure 6: Top Five Emerging Market with Significant Growth Opportunities – By Company Types

Figure 7: Developing Markets with Prominent Growth Prospects – Overall (June 2018-November 2018)

Figure 8: Top Five Developing Markets with Prominent Growth Prospects – By Region

Figure 9: Top Five Developing Markets with Prominent Growth Prospects – By Company Types

Figure 10: Change in Mergers and Acquisitions – Overall (June 2018-November 2018)

Figure 11: Change in Mergers and Acquisitions – Regional

Figure 12: Change in Mergers and Acquisitions – By Company Types

Figure 13: Major Concerns for Organizations – Overall (June 2018-November 2018)

Figure 14: Top Five Major Concerns for Organizations – By Region

Figure 15: Top Five Major Concerns for Organizations – By Company Types

Figure 16: Change in Capital Expenditure in Key Areas – Overall (June 2018-November 2018)

Figure 17: Procurement Resources and Objectives Expectations – Overall (June 2018-November 2018)

Figure 18: Top Six Procurement Resources and Objectives Expectations – By Region & Company Types

Figure 21: Change in Procurement Activities in Strategic Areas – Overall (June 2018-November 2018)

Figure 22: Change in Procurement Activities in Strategic Areas – By Region & Company Types

Figure 23: Global Procurement Budget Outlook – Overall and Regional (June 2018-November 2018)

Figure 24: Global Procurement Budget Outlook – By Company Types

Figure 25: Change in Procurement Expenditure – Overall and Regional (June 2018-November 2018)

Figure 26: Change in Procurement Expenditure – By Company Types (June 2018-November 2018)

Figure 27: Supplier Prices Outlook – Overall and Regional (June 2018-November 2018)

Figure 28: Supplier Prices Outlook- By Company Types (June 2018-November 2018)

Figure 29: Digital transformation strategy – Overall (June 2018-November 2018)

Figure 30: Digital transformation strategy – By Region

Figure 31: Digital transformation strategy – By Company Types

Figure 32: Scope of digital transformation – Overall (June 2018-November 2018)

Figure 33: Scope of digital transformation – By Region and Company Types

Figure 34: Barriers to digital transformation – Overall, Regional and Company Types (June 2018-November 2018)

Figure 32: Success factors for digital transformation – Overall (June 2018-November 2018)

Figure 32: Success factors for digital transformation – By Region

Figure 32: Success factors for digital transformation – By Company Types

Figure 32: Emerging technology – Overall (June 2018-November 2018)

Figure 32: Emerging technology – By Region

Figure 32: Emerging technology – By Company Types

Frequently asked questions

Packaging Industry Business Outlook and Procurement Survey June-November 2018 standard reports
Currency USD
$1,950

Can be used by individual purchaser only

$5,850

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Packaging Industry Business Outlook and Procurement Survey June-November 2018 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Packaging Industry Business Outlook and Procurement Survey June-November 2018 in real time.

  • Access a live Packaging Industry Business Outlook and Procurement Survey June-November 2018 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.