When companies or business owners are looking to reduce packaging cost, their first focus is often what product’s packaging design or style changes can be made to reduce the material costs. While many companies overlook the option of refining their product’s packaging instead that’s why they are being surcharged higher packaging cost, unfortunately.
Improving and optimizing packaging design and styles can not only save boatloads of money but it can also provide superior product appearance and a reduced carbon footprint. Break free from the “we’ve always done it this way” mindset and analyze whether your product packaging is as efficient as it should be.
Roughly $150 billion is spent annually on product packaging globally that’s why the global packaging industry has an annual growth rate of 3.5 percent. That’s literally a huge amount of money. So, why not save some money for your own business?
Below are 6 guaranteed tips to reduce packaging cost!
Most likely your product’s packaging is going to be made of paperboard. Paperboard is what most product boxes made from and it can get costly. Depending on the product’s fragility, perhaps the caliper or thickness of the packaging can be reduced. You may be surprised how thin you can go while actually protecting your products. Make the box lighter & maintain the thickness correctly according to your product safety needs.
A great rule of thumb with paperboard, the thinner the cheaper, makes sense.
Choose easy and less costly packaging styles like Sleeve, one-piece box or any other simple retail box instead of Gable box, Pillow box, and pyramid box. The more creative and innovative box packaging style you choose, the higher your cost would leap. Easy packaging styles will relatively get you lower cost, quick to assemble and work well for lightweight products.
Unless your business is just finding its feet, always buy in bulk as this is a definite way to save more money in the long run. From paper box to a cardboard box supplier, choose a vendor that will offer you a bulk discount. Small orders will get you more cost because in small orders supplier will not give you a substantial discount. However, in bulk or long run order your packaging supplier will appreciate your loyalty and will more than likely give you a quality percentage off on your bulk order.
Instead of buying a packaging supply within normal days, Use occasional sale days like New Year’s Day, President’s Day, Independence Day, Black Friday and Columbus Day sales. Most of the companies will offer more than 30% or even Up to 50% discount on packaging orders. It can be an ideal chance for you to get your desired packaging supply with the lowest cost you ever had paid.
You want to make sure you have enough packaging supplies to get through a regular and high-volume month. Just don’t go overboard with ordering in the start of the month, most probably you will never get discount because most of the packaging suppliers or vendors offer a good discount at the end of the month. So, get a hold on your order and place it in the end days of the month. It will surely save you a worthy amount for packaging boxes.
Always get 2-3 companies to bid. Just get the right company that offers the high-quality custom boxes at the absolute right price like Emenac Packaging does. Many companies offer cheap rates against the box packaging but make sure to check the quality of packaging boxes twice.
In Summary, these are some noteworthy common factor that can save the cost and make your budget aligned in efficient manners. Reinforce recycle box packaging that would simultaneously deliver cost saving whilst improving product integrity in long run for your business.
Try to do some research before ordering custom box packaging and consider the tips described above. You’ll save a handsome amount of money and next time you will do the same without having a second thought!