Tag: procurement

2023-2030 Legal Services Procurement: Strategies for Cost-Effective Sourcing

Legal Services Category – Procurement Intelligence

The legal services category is expected to grow at a CAGR of 5.3% from 2023 to 2030. The legal industry has undergone a transformationtransformed due to the rise of Artificial Intelligence (AI). AI-powered software has become crucial in enabling law firms and lawyers to streamline their processes, saving valuable time. Automation tools enhance the efficiency of document creation and review, while collaborative platforms further simplify documentation procedures. These technological innovations help attorneys reduce costs and enhance convenience.

A growing number of law firms are using chatbots to improve their operational efficiency, ultimately saving them and their client’s time and money. These chatbots are capable of aiding legal companies in tasks such as digitizing data, searching for lawyer-specific documents, and handling various other activities. Additionally, they can assist in tasks like following up with unresponsive clients and gathering crucial information through automated conversations.

Access the Legal Services Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

With the onset of AI, the current hierarchical structure of legal firms is expected to flatten due to the imminent demise of billable hours. Additionally, tTraditional firms will are expected to face increased competition from AI-driven tech companies acting as Alternative Legal Service Providers (ALSPs). Law firms might transform into tech-oriented entities, creating their own AI tools to provide AIaaS (Artificial Intelligence as a Service (AIaaS). This evolution in the industry, driven by AI, offers substantial opportunities and challenges in the industry. Firms that harness these advanced tools stand to enhance efficiency and accuracy, while significantly broadening their range of services.

With the ongoing advancement of in technology, the prevalence of cyber threats has increased, giving rise to a new trend in the industry. Lawyers now face fresh challenges related to cybersecurity, emphasizing the need for expertise in this area. As technology and cyber threats continue to grow in complexity, lawyers play a vital role in tackling cybersecurity concerns. Their understanding of legal frameworks, risk management, compliance, litigation, and due diligence is essential in addressing these evolving challenges.

In recent years, in-house law departments have expanded both in scale and in influence, managing a larger volume of intricate tasks that were previously outsourced to law firms. Nowadays, many in-house departments adopt a business-oriented approach to legal services, involving professionals from various fields such as business, IT, and procurement to assess external service providers.

Law firms must establish their identity as service providers capable of utilizing AI tools effectively while also delivering unique human skills that AI cannot mimic. These human abilities will remain essential to the value proposition of human lawyers in the future.

Order Your Sample Copy of the Legal Services Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Legal Services Sourcing Intelligence Highlights

  • The legal service category has a high barrier to entry due to factors such as stringent regulations, the need for extensive expertise, and license requirements.
  • The category is fragmented due to the presence of numerous players and the rise of ALSPs providing services at lower costs. Law firms try to differentiate by case resolution time, win rate, and client satisfaction.
  • Consultant salaries and licenses, office rent/lease, office equipment, insurance, utilities, and othersare some of the costs incurred in providing services.

List of Key Suppliers in the Legal Services Category

FindLaw, Avvo, LegalZoom, Baker McKenzie, Baker Hostetler, Goodwin Procter, LegalShield, Rally, Deloitte, PwC

Legal Services Procurement Intelligence Report Scope

  • Legal Services Category Growth Rate: CAGR of 5.3% from 2023 to 2030
  • Pricing growth Growth Outlook: 2% – 3% (Annually)
  • Pricing Models: Value-based pricing, service-based pricing, competition-based pricing
  • Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
  • Supplier selection Selection criteriaCriteria: Diversified types of cases handled, win rate, experience in the field, case resolution time, transaction support, global reach, regulatory compliance, technical specifications, operational capabilities, quality measures, certifications, data privacy regulations, and others
  • Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Strategic Procurement Insights for Catering Services: 2023-2030 Forecast

Catering Services Category – 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 the table, which can prevent foodborne illness. Aramark use smart appliances which helps them to save time and energy as those appliances can be programmed to cook food automatically, and they can also be monitored remotely.

Access the Catering Services Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

This category is highly fragmented with a variety of large and small market players in the sector. To grow their presence and market share, these market players are launching new services and engaging in a number of merger and acquisition activities. There are many minor market participants with sizeable market shares, and it is projected that they will significantly contribute to market expansion during the evaluation year.

Businesses typically use a fixed pricing structure for menu options. For the food and service, there is a set price per participant. This straightforward pricing approach provides clear explanations of the components and associated fixed rates which are unaffected by size, scope, or preferences. This price structure is often used by both independently owned catering companies and restaurants with catering departments. This pricing strategy attracts clients as it is straightforward and sincere. Food and beverage costs make up the bulk of this category’s costs since businesses must buy the ingredients needed to cook food, and the price of those ingredients varies based on the required quality and quantity. Raw material accounts for 40% of the total cost. A catering service’s transportation costs may vary depending on a number of factors, including the distance to be traveled, the size of the event, the type of food being transported, and the time of day.

One of the biggest markets for this type of category is the U.S., where many companies provide services for weddings, business events, and other special occasions. Another significant competitor in this market is the United Kingdom, which has a long history of providing catering for upscale occasions like state banquets and royal weddings. With numerous Michelin-starred chefs, Germany and France are renowned for their excellent cuisine and catering services. This industry is also expanding in China, which is anticipated to have significant growth over the next few years due to shifting consumer preferences and rising income levels.

Catering Services Sourcing Intelligence Highlights

  • There are many small and major businesses operating in various regions, which has led to a highly fragmented category for catering services globally. Players are in intense competition with one another as they try to increase their consumer base and provide better customer experiences.
  • Raw material and transportation & rental costs account for the largest cost component of the catering service business
  • Fluctuations in raw material prices such as vegetables are expected to impact the service prices.
  • Most of the service providers offer complete services such as planning required for destination events, appropriate use & maintenance of equipment like utensils, and others.

Order your copy of the Catering Service Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

List of Key Suppliers in the Catering Services Category

  • Ann Sather
  • Aramark Corporation
  • Aria catering
  • AVI Food Systems
  • Bartlett Mitchell
  • Black Olive Catering
  • Blue Plate
  • CH and Co Catering Group
  • Compass Group
  • Delaware North Companies

Catering Service Procurement Intelligence Report Scope

  • Catering Service Category Growth Rate: CAGR of 5.8% from 2023 to 2030
  • Pricing Growth Outlook: 7% – 9% (Annual)
  • Pricing Models: Fixed price pricing model
  • Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
  • Supplier Selection Criteria: Quality, price, safety measures, cost and value, support and maintenance, regulatory compliance, flexibility, and others
  • Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Strategic Insights into Corn Starch Procurement: Market Overview and Trends

Corn Starch Category Overview

This corn starch category is anticipated to grow at a CAGR of 6.60% from 2023 to 2030. North America is the leading market in this category primarily because of its large consumption of processed and convenient food products which is driven by a growing population and higher disposable incomes. In the Asia-Pacific region, rapid economic expansion and changing consumer lifestyles contribute to the fastest CAGR with China leading the market and India showing the highest growth rate in this category.

The category’s growth is driven by its utilization as a thickening agent in the food industry, usage in garments, cosmetics, and pharmaceuticals, and the increasing demand for bioplastics. It finds extensive adoption in the paper, textiles, and adhesives industries and demand for clean-label starch in the food sector.

Order your copy of the Corn Starch Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

This category is highly fragmented with the presence of both global and regional players. Key players in the market employ strategies like acquisitions and new product development to consolidate their positions and optimize their offerings, with a strong emphasis on expanding manufacturing capacity and diversifying product lines. This enables them to meet growing market demand while simultaneously expanding their global presence.

  • In May 2022, ADM a leading company in starch manufacturing has strategically invested in expanding its facility in Marshall, MN aiming to meet the increasing demand for starch products and solidify its market position. This move enables ADM to better serve its customers and enhance its competitive advantage in the starch industry.
  • DFE Pharma, a leading provider of excipients for the pharmaceutical and nutraceutical industries, bolstered its nutraceutical portfolio in January 2022 with the introduction of three new starch-based excipients. The newly launched products include Nutroféli ST100, which is a native maize starch, Nutroféli ST200, a partially pre-gelatinized maize starch, and Nutroféli ST300, a fully gelatinized maize starch. This strategic product expansion enables DFE Pharma to offer a wider range of starch-based excipients to its customers, enhancing its competitiveness and addressing the evolving needs of the nutraceutical industry.

The emergence of biodegradable corn starch plastic granules is a promising technological advancement providing a sustainable and renewable alternative to non-degradable plastics. These innovative granules derived from this category offer similar properties to traditional plastics while being environmentally degradable. Furthermore, new technology has been introduced for the extraction of this category which has revolutionized the production process. By leveraging advanced enzymatic methods, this cutting-edge technology enhances efficiency and sustainability which in turn results in increased productivity and reduced energy consumption. As a result, this category production landscape is set to undergo a transformative change propelled by this technological breakthrough.

Request for Sample Copy of the Corn Starch Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Corn Starch Procurement Intelligence Report scope

The Corn Starch category is expected to have pricing growth outlook of 2% – 4% (annual) from 2023 to 2030, with below pricing models.

  • Cost-based or Market-based Pricing
  • Dynamic Pricing
  • Contract Pricing

Supplier Selection Scope

  • Cost and pricing
  • Past engagements
  • Productivity
  • Geographical presence

Supplier selection criteria

  • Quality Assurance
  • Supply Capacity and Reliability
  • Traceability and Transparency
  • Cost Competitiveness
  • Financial Stability

Medical Writing Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

  • Market Intelligence along with emerging technology and regulatory landscape
  • Market estimates and forecasts from 2023 to 2030
  • Growth opportunities, trends, and driver analysis
  • Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
  • Porter’s 5 forces
  • Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
  • Engagement and operating models, KPI, and SLA elements
  • LCC/BCC analysis and negotiation strategies
  • Peer benchmarking and product analysis
  • Market report in PDF, Excel, and PPT and online dashboard versions 

Corn Starch Procurement Cost and Supplier Intelligence

The price and cost of this category are influenced by supply, demand, production costs, competition, and customer preferences. The primary cost driver is raw materials with corn and enzymes contributing to over 70% of overall costs. Other significant cost components include corn handling, storage, steeping, germ separation, fiber separation, gluten separation, and starch washing. Approximately 55% of the total corn mass is converted into corn starch, emphasizing the importance of raw material expenses and production steps in determining the cost structure.

While sourcing for this category, it is crucial to adhere to the best practices like ensuring quality, sustainability, and compliance with food rules and regulations. Key practices include thorough supplier verification, traceability, compliance with food regulations, sustainability considerations, quality control, and fostering continuous improvement. Businesses should verify supplier certifications, such as ISO 22000 or HACCP, and prioritize transparency and traceability. Compliance with reputable regulatory bodies like the FDA or EFSA is essential. Sustainability should be promoted through responsible sourcing and environmental practices. Open communication with suppliers facilitates collaboration and continuous enhancement of sourcing practices. These practices considering food rules and regulations ensure high-quality, safe, and sustainability for this category.

Key companies profiled:

Roquette Frères S.A, Archer Daniels Midland Company (ADM), Cargill Inc., Hodgson Mill, Associated British Foods plc, Beteiligungs AG, Tate & Lyle PLC, Ingredion Incorporated, ACH Food Companies, Global Bio-Chem Technology Group.

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Unlocking Growth Opportunities in Pressure Vessels Procurement: Insights for 2023-2030

Pressure Vessels Category Overview

The global pressure vessels category is anticipated to grow at a CAGR of 3.8% from 2023 to 2030. Growth of the category can be attributed to rising industrialization, growing energy demand, rising adoption of supercritical power generation technologies, rise of chemical & petrochemical sectors, and stringent government regulations & policies for safely transfer of gases and chemicals. The product offered in the category witnesses significant application in chemical & petrochemical sector.Pressure vessels are required for a variety of processing operations in the sector, such as chemical storage, mixing, distillation, and chemical reactions.The demand for novel, tailored compounds that fulfil certain needs and provide improved functionality is what is causing this change. However, high cost involved in the manufacturing and maintenance of pressure vessels as it requires specialized design & engineering would hinder the growth of the global category.

Order your copy of the Pressure Vessels Procurement Intelligence Report, 2023 – 2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Key technologies that are transforming the manufacturing of pressure vessels include artificial intelligence (AI), 3D printing, robotics & automation, industry internet of things (IIoT), and augmented reality (AR). AI’s ability to evaluate enormous volumes of data in real-time is one of the most important advantages for manufacturing.AI algorithms can swiftly process and analyze data to detect patterns and trends, assisting manufacturers in understanding how production processes are operating. This is made possible by Industrial Internet of Things (IIoT) devices and sensors that gather data from machines, equipment, and production lines. 3D printing (also known as additive manufacturing), on the other hand, has altered the way businesses design, prototype, and produce goods. It enables manufacturers to cut production time & costs and developcomplicated geometries in a single step. In addition, it also enables manufacturers in producing spare parts as needed, which lowers the requirement for big inventories and boosts supply chain effectiveness.

Pressure Vessels Procurement Intelligence Report Scope

The Pressure Vessels category is expected to have pricing growth outlook of 5% – 10% (annual) from 2023 to 2030, with below pricing models.

  • Cost-plus pricing
  • Fixed pricing

Supplier Selection Scope

  • Cost and pricing
  • Past engagements
  • Productivity
  • Geographical presence

Supplier Selection Criteria

  • Geographic Service Provision
  • Years In Service
  • Certifications
  • Type Of Product (Boiler / Separator / Reactor / Others)
  • Application (Storage Vessel / Processing Vessel / Others)
  • Product Heat Source (Fired / Unfired)
  • Pressure Handling Capability
  • Technical Support
  • Regulatory Compliance
  • Others

Pressure Vessels Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

  • Market Intelligence along with emerging technology and regulatory landscape
  • Market estimates and forecasts from 2023 to 2030
  • Growth opportunities, trends, and driver analysis
  • Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
  • Porter’s 5 forces
  • Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
  • Engagement and operating models, KPI, and SLA elements
  • LCC/BCC analysis and negotiation strategies
  • Peer benchmarking and product analysis
  • Market report in PDF, Excel, and PPT and online dashboard versions 

Request for Sample Copy of the Pressure Vessels Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Pressure Vessels Procurement Cost and Supplier Intelligence

The category for pressure vessels exhibits a fragmented landscape, with the presence of large number of global and regional small-scale and large-scale market players. Players in the industry are making significant investments in research & developments to enhance their product portfolio which will support the growth of global category. In addition, they are adopting a wide range of strategic initiatives to increase their market share, such as introduction of new products, mergers and acquisitions, contract-based agreements, and joint ventures. Furthermore, in order to reduce operational expenses and benefit their client, the players are opting the strategy of manufacturing locally. The category possesses low threat of new entrants as manufacturing pressure vessels require significant initial investments, team of skilled workforce, and constant pressure of increased raw material prices as the raw materials are commodities which are typically volatile to market conditions.

Cost of raw materials (steel, aluminium, nickel, titanium, etc.), labor costs, energy costs, and transportation costs are the key components of this category. Prices of raw materials, particularly steel or aluminium directly impacts the price of pressure vessels since the prices of these commodities are volatile and keeps on fluctuating, thus influencing the cost of production. In addition, besides the price of raw materials, the cost of production also gets affected by factors such as location of the manufacturing facility, quality control measures, regulatory compliance, design complexity, and size. To arrive at a cost estimate that complies with project specifications and safety regulations, manufacturers and project planners carefully weigh these elements and collaborate closely with skilled engineers and fabricators. The price for smaller vessels range between USD 9,500 – USD 39,500, whereas the price for larger vessels range between USD 99,500 – USD 999,500.

Asia-Pacific region dominates the global pressure vessels category, holding over 37.1% of global market share. The region is witnessing significant growth owing to the substantial investments being made by the business enterprises and the governments in refining and power sector which makes high demand for product offered in the category. In addition, nations such as India and China have several upcoming and ongoing projects that require the usage of industry products. For instance, the growth rate for the demand of power in India is anticipated to be doubled in the next 4 – 5 years. Closing the gap between the region’s consumption and demand for energy is the driving force behind these projects. Assessing if a supplier can offer the vessel made by the required material to meet the end-use application, evaluating if the design of the vessel offered by a specific supplier can withstand rigorous usage, reviewing the documents to ensure that the product adheres to the quality standards set be certification authorities, and comparing the prices offered by multiple suppliers are some of the best sourcing practices considered in this category.

Key Companies Profiled

Äager GmbH, Alfa Laval Corporate AB, ANDRITZ AG, Babcock & Wilcox Enterprises, Inc., Doosan Enerbility Co., Ltd., Frames Group B.V., GEA Group AG, General Electric Company, Hitachi Zosen Corporation, IHI Plant Services Corporation, Larsen & Toubro Limited, and Samuel, Son & Co., Ltd.

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

New Report Highlights Agrochemical Procurement Trends and Strategies for 2023-2030

Agrochemicals Category Overview

The agrochemical category is expected to grow at a CAGR of 3.4% from 2023 to 2030. Increasing agricultural productivity on currently used agricultural land is crucial to feeding the world’s population. Agrochemicals are therefore crucial to the agricultural sector and aid farmers in increasing the quantity and quality of their harvests. The primary factor driving the expansion of agrochemicals is the rising need for food as a result of population growth.

Agrochemicals harm the ecology when utilized in higher doses, which causes surface water pollution. As a result, the production of bio-based fertilizers and pesticides has created numerous new market opportunities for major agrochemical category participants. In an effort to boost their reputations and win over clients who are concerned about sustainability, Corteva, and BASF are making bio-based fertilizers. As the market for bio-based fertilizers expands globally, manufacturers are in a good position to profit from it and increase their market share. Marrone Bio Innovations is one of the leading player in the global bio-pesticides market. The company’s net sales increased by 45% driven by strong demand for bio-based pest management.

Order your copy of the Agrochemicals Procurement Intelligence Report, 2023 – 2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

The individual requirements of the client will determine whether agrochemicals can be used in the procurement process. The sorts of crops grown in the location, the soil conditions, and the pests and diseases common there are some variables that may affect the choice to purchase agrochemicals.

This category makes use of cutting-edge technologies like biotechnology and precision farming. Corteva is utilizing biotechnology to create genetically engineered crops that are less dependent on chemical pesticides and more resistant to pests. By monitoring data on soil, weather, and other factors to identify the best time for planting and harvesting crops, BASF uses precision technology to maximize agricultural yield. After applying precision farming, the average production grew by 8%, the cost of inputs was reduced by up to 20%, and the sale level increased by 7%.

Agrochemicals Procurement Intelligence Report Scope

The Agrochemicals category is expected to have pricing growth outlook of 11% – 13% (annual) from 2023 to 2030, with below pricing models.

  • Cost-plus pricing model
  • market-based pricing methods

Supplier Selection Scope of Report                               

  • Cost and pricing
  • Past engagements
  • Productivity
  • Geographical presence

Supplier selection criteria of Report

  • Ability to maintain the agricultural ecosystem
  • treatment (fungicide, growth regulators)
  • active ingredients (natural, bio stimulants)
  • formulation
  • precision farming
  • biotechnology
  • technical specifications
  • operational capabilities
  • regulatory standards and mandates
  • category innovations
  • others

Agrochemicals Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

  • Market Intelligence along with emerging technology and regulatory landscape
  • Market estimates and forecasts from 2023 to 2030
  • Growth opportunities, trends, and driver analysis
  • Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
  • Porter’s 5 forces
  • Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
  • Engagement and operating models, KPI, and SLA elements
  • LCC/BCC analysis and negotiation strategies
  • Peer benchmarking and product analysis
  • Market report in PDF, Excel, and PPT and online dashboard versions 

Agrochemicals Procurement Cost and Supplier Intelligence

Typically, businesses use cost-plus or market-based pricing methods. In the cost-plus pricing model, prices are set using the cost of production plus a markup to account for profit and overhead. The market-based pricing model, on the other hand, bases price determination on supply and demand factors. When the market is favourable, this method enables businesses to increase their profit margin while still keeping them competitive in unfavourable situations.

The total cost of manufacturing includes the price of labor, raw materials, and other costs. Raw materials such as phosphoric acid, nitrogen, and potassium are used in this category. In North America, the price of phosphoric acid fell from USD 1290/MT to 1190/MT in the first quarter of 2023. Price also declined in the Asia-Pacific region from USD 1495/MT to USD 1335/MT in the first quarter of 2023. The price of nitrogen was estimated to be around USD 785/MT in 2022 in North America. At the end of 2022, the price of nitrogen in the Indian market was USD 188/MT.

China exports of pesticides currently make up about 30% of the global market, with a 10% increase and USD 11.5 billion in value. India is the world’s second-largest exporter, with USD 5.7 billion in exports. The nation has a sizable manufacturing sector and is renowned for creating goods of excellent quality at low costs.                                           

The agrochemicals category is highly fragmented and competitive since it is made up of so many small and medium-sized businesses. A persistent desire for innovation and cost-cutting has resulted in fierce rivalry. Additionally, this industry is heavily regulated, which makes it difficult for new businesses to enter. As a result, larger businesses are acquiring niche or regional players to gain access to new markets and goods. Farmers and other agrochemical users have benefited from the wide variety of products made possible by the market’s fragmentation.

List of Key Suppliers

  • BASF
  • Corteva
  • Bayer
  • FMC
  • UPL
  • Syngenta
  • Adama Agricultural Solution
  • Nufarm
  • PI Industries

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

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