Procurement Intelligence Study Report

Blister Packaging Procurement Intelligence The blister packaging category is expected to grow at a CAGR of 7.7% from 2023 to 2030. North America accounts for the largest share of the category. Transformation in packaging solutions is driving the demand in the category. Rising concerns about product safety, technology innovation, and sustainability have changed the way manufacturers are producing packaging solutions. Manufacturers are focusing on producing blister packaging using eco-friendly plastics. For instance, in 2021, Amcor announced customer trials of its first recyclable polyethylene-based thermoform blister packaging, AmSky, which is an alternative for PVC in blister packaging. AmSky reduces its carbon footprint by 70% compared to PVC. This packaging solution is frequently employed for tamper-evident purposes as it offers a securely sealed and transparent container for products, enabling consumers to detect any signs of tampering or opening. It also presents a chall...

Connected Devices and Wearables Procurement Intelligence The connected devices and wearables category is expected to grow at a CAGR of 14.6% from 2023 to 2030. North America accounts for the largest share of the category. The increasing consumer expenditure on personal care, as well as the growing acceptance of wearable technology, are driving category growth. Major businesses are implementing numerous tactics, such as mergers and acquisitions, strategic alliances and agreements, and the development, evaluation, and release of new products. For instance, In September 2022, Fitbit upgraded its smartwatch range which has the latest aesthetics and functionality. Head-mounted Displays (HMDs) provide information to the wearer in front of their eyes, allowing for hands-free operation. They can also be used to capture images and videos and to operate other devices. HMDs are used in training and simulation in fields, such as aviation, medicine, and the military. The integration of t...

Courier, Express, and Parcel Services Procurement Intelligence The courier, express, and parcel services category is expected to grow at a CAGR of 4.2% from 2023 to 2030. The growth of e-commerce is one of the main drivers of the growth of the CEP services market. E-commerce is growing rapidly, and this is leading to an increase in the demand for CEP services. Businesses that sell goods online need to be able to deliver their goods quickly and efficiently to their customers. CEP providers can help businesses do this by providing a variety of delivery services, such as next-day delivery and express delivery. The North America courier, express, and parcel market is expected to grow rapidly due to factors like economic growth, e-commerce sales, and demand for faster, more reliable delivery services. Technological advancements, such as self-driving trucks, and government initiatives like logistics hub construction are expected to drive market growth. Globalization has increased ...

Corrugated Board Procurement Intelligence The corrugated board category is expected to grow at a CAGR of 6.8% from 2023 to 2030. APAC region accounts for the largest share of the category. Increasing spending power and growing urbanization are boosting the growth of this category. Companies are constantly developing new technology for efficient production and increased efficiency. Digitalization and technological advancements such as AI, blockchain technology, IoT, and digital printing are shaping the category with innovations. The Ireland-based company, Smurfit Kappa, is creating a variety of innovative products and introducing them to the market. One of its kind is the launch of multifunction printers that can do both digital printings as well as flexographic and allows printing alongside the packaging material. This has resulted in increased sales and flexibility to alter as per client’s requirements. Type-C flute segment dominates the market owing to its character...

Catering Service Procurement Intelligence The catering service category is expected to grow at a CAGR of 5.8% from 2023 to 2030. The rise of the catering sector is mostly driven by the rising popularity of online catering. New habits are becoming ingrained and the taste for foreign meals is rising as the urban population grows. The worldwide fast-food sector is expanding as a result of a variety of reasons, including changing food preferences, the rise of online ordering and delivery, and an increase in the number of nuclear families. Consumers all around the world are experimenting with various cuisines as a result of exposure to other cultures and lifestyles, which is also opening up new growth potential for the global fast-food business. Technologies such as food tracking & traceability and smart appliances are used by the companies. Ann Sather uses food tracking and traceability to ensure the safety and qualityof their food and to track the food from the farm to...

Blow Molding Plastic Packaging Procurement Intelligence The blow molding plastic packaging category is expected to grow at a CAGR of 4.7% from 2023 to 2030. The Asia Pacific region accounts for the largest share of the category. The increasing demand for packaging processes in the business is boosting growth. Companies are focusing on adopting various technologies for efficient and eco-friendly production by reducing the wastage of materials and enhancing productivity. For instance, in 2022, Amcor used big data analytics to identify a way to reduce the amount of plastic used in its bottles by 10%. Within this category, companies are using Artificial Intelligence (AI), IoT, and big data as it helps to automate repetitive tasks and enables them to collect and analyze data that can be analyzed and shared in real-time to improve efficiency and productivity by reducing errors. For instance, in 2022, Bekum Maschinenfabrik GmbH announced that it was using AI to automate the loading and unlo...

Epoxy Resin Category Overview The epoxy resins category is expected to grow at a CAGR of 7.3% from 2023 to 2030. The industry is being driven significantly by the rising demand from the paints & coatings sector. In addition, the category is also being supported by the growth of investments in the construction sector, particularly residential construction in Western Europe and North America. Furthermore, the continuous growth of manufacturing activities across the globe is also anticipated to fuel the demand for paints & coatings which are utilized in the production of automobiles and several other durable goods, as well as industrial maintenance applications. Technological developments in the formulations of epoxy resins has led to the production of resins with enhanced quality such as better thermal strength, improved chemical resistance and higher mechanical strength. These advancements enable epoxy resins to suit the changing needs of electronics, automotive and aerospace ...