Global Packaging Buying In 2010-2011: Procurement, Investment & Industry Trends Outlook

‘Global Packaging Buying In 2010-2011’ is the latest report published by ICD Research that analyzes how consumer goods manufacturer’s packaging spend, procurement strategies & practices and business planning will be shaped in 2010 to 2011.

In an uncertain economic climate the report gives readers access to the category-level spending outlooks, buyer budgets, supplier selection criteria, business challenges and investment opportunities of leading purchase decision makers. The report also identifies buyers and suppliers market growth, M&A and investment expectations.

The research is based on an extensive survey of senior and C-level industry executives from market leading panels. Key highlights of the report include:

• The majority of packaging industry respondents identified India, China and Brazil as the fastest growing markets in the next 12 months among emerging economies, due to favorable economic conditions, dynamic growth of the food processing market and increased presence of a higher number of multinational processors.
• The majority of packaging companies will be increasing procurement spend over the next 12 months. The average size of global annual procurement budgets among packaged goods manufacturers and converter companies is US$62m
• 64% of packaging industry buyers agree that in order to maintain and win their business, suppliers will have to innovate products

The report, which costs $2,000 and is available from ICD Research, concludes that the packaging industry is optimistic, with 66% of packaged goods manufacturers and 62% of converter companies being more optimistic about the revenue growth of their companies in comparison to the prior year.