Blister Packaging Market Procurement Intelligence (Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country Analysis, Day One Analysis Report, 2020 - 2025

Every organization and its procurement team wants to negotiate the best deal while procuring a set of products or services. Rate benchmarking uses price/cost comparison of more than one set of products/services to analyze the most efficient combination that will help the procurement team to get the optimum rate.

The type of the forming film is one of the most important aspects while analyzing rate benchmarking of blister packaging. In our research, we have compared the rates of six types of forming films including polyvinyl chloride (PVC), polyvinylidene chloride (PVDC), chlorotrifluoroethylene (CTFE), polypropylene (PP), polyethylene terephthalate (PET), and polystyrene (PS). By using rate benchmarking analysis, we found that PVDC and CTFE forming films price per unit area is 60%-80% higher than PP, PET, PS, and PVC forming films. PVC forming films offers the lowest price per unit area and it has an 80% better water vapor transmission rate (WVTR) than PVDC, CTFE, and PP forming films. PVC films' high cost-efficiency ratio in price/unit area makes it most preferable forming film material for blister packaging suppliers.

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Labor is one of the key cost components incurred while offering a product or service. Understanding the pricing structure of salary is important for organizations in selecting the appropriate supplier and building a good negotiation strategy. It is also an important factor in determining whether the category under focus should be outsourced or built in-house.

Our research indicates that Honeywell production managers earn 50-60% higher salaries than production managers from other key industry leaders like Amcor and DoW. However, the YoY increment rate in such companies largely depends on KRAs.

It is cumbersome for any organization to continuously track the latest developments in their supplier landscape. Our newsletter service helps them remain updated, to avoid any supply chain disruption which they may face, and keep a track of the latest innovations from the suppliers. Outsourcing such activities help clients focus on their core offerings. Our research on the blister packaging market has identified the following developments:

In July 2021, Huhtamaki, a Finland-based packaging company launched the first paper-based blister solution for the pharmaceutical and healthcare industries called Push Tab paper. It acts as a sustainable replacement for traditional push-through packaging, which is made from thermoformed polyvinyl chloride (PVC) and aluminum.

In April 2021, Amcor developed the world's first recyclable polyethylene-based thermoform blister packaging. The new packaging is designed to meet the stringent requirements of highly specialized and regulated pharmaceutical packaging and creates a more sustainable alternative for the most in-demand healthcare packaging type. It also benefits from up to 70% reduction in its carbon footprint, in comparison with other packaging alternatives on the market.