Ship Shape: Paper and Packaging Prices on the Rise
IBISWorld looks at the rising price of paper and paper-based products and what procurement professionals can do to salvage buyer power.
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To make matters worse, growth in key demand drivers is expected to exacerbate price growth for paper and packaging supplies. Per capita disposable income is forecast to rise at an annualized rate of 2.3 percent in the three years to 2017. This growth will increase demand for packaging materials because greater disposable income allows consumers to spend more on discretionary items, which are often packaged in paper-based materials. Furthermore, the surging popularity of e-commerce has boosted shipping activity and, thus, demand for the boxes and shipping products needed.
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