Germany, the US, and the UK will present significant packaging market growth prospects during the next six months and packaging organizations will focus on expansion in current markets, new product development as well as improving operational efficiency as key priorities in H1 2015 (July-December 2015).
The Packaging Industry Business Outlook and Procurement Survey H1 2015 market research report examines executives' opinion on business outlook and procurement activities over July-December 2015. It also highlights key packaging market business priorities, supplier price variations, changes in capital expenditure, and organizations perspective on e-procurement. Additionally, it provides information categorized by region and company type. Market uncertainty and responding to pricing pressure are major concerns for packaging market organizations while procurement activities for IT services and capital equipment purchases are anticipated to increase during July-December 2015. Overall, 17% of executives anticipate their global packaging market procurement budget to range between US$500,000 and US$5 million over the next six months. The highest percentage of executives anticipates supplier prices to increase over the next months.
Procurement activities will increase on IT services and capital equipment purchases amidst expectation of surge in supplier prices over the next months. Capital expenditure will be higher on new product development and machinery and equipment purchase despite of increase in mergers and acquisitions over the next six months. Focus will be on emerging markets such as China, Brazil, India and developed markets such as Germany, the US and the UK that are expected to present significant growth opportunities for packaging market over the next six months. With the help of this packaging market research, companies can realign business strategies by knowing the business priorities indicated in the report as well as organizations can develop or adjust business expansion plans by knowing the significant growth offering emerging and developed packaging markets highlighted in the report. It helps organizations to adjust procurement budget by providing information about procurement budget projections anticipated by packaging market executives for July-December 2015 and companies can implement effective price management by viewing supplier price variations highlighted for H1 2015.
Companies mentioned in this packaging market business outlook and procurement survey report for H1 2015 include Plasdene Glass-Pak Pty Ltd, Liqui-Box, Colbert Packaging Corporation, World Wide Packaging LLC, Mauser-Werke GmbH, Greif Inc., Amcor Limited, Essel Propack, Schur Pack Germany GmbH, CCL Industries Inc., Korsini-Saf, Par-Pak Europe Ltd., Deltaform Ltd., Chiltern Thermoforming Ltd., Essentra Plc., Clondalkin, Sonoco Products Company, Muda Holdings Bhd, Roberts Mart and Co Ltd. and Bilcare Research GmbH and Fabri-Kal..
Organizations intend to reduce internal operating costs and identify low cost supply sources over the next six months in the packaging market. The majority of respondents who operate in Asia-Pacific anticipate organizations will focus on internal operating cost reduction over the coming six months. Overall, 58% of executives from small companies within packaging market highlight plans to innovate and update inventory management during the next six months. The highest percentage of executives anticipates supplier prices to increase over the next months. The majority of respondents who operate in the Rest of the World foresee no change in supplier prices in the coming six months. More small companies expect a surge in supplier prices during the next six months compared to medium-sized companies of the packaging market. Overall, 22% of respondents highlight limited or generalized deployment of e-procurement within their organizations. More than one-quarter of executives who operate in Asia-Pacific indicate limited deployment of e-procurement within their organizations. Large companies are more unaware about the use of e-procurement within their organizations compared to small and medium-sized companies of packaging market.
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