Bundling Film Pricing: Understanding Cost
Like you, many food, beverage, and consumer product companies are looking to package their products in bundling film.
And also, like you, these companies often inquire about the cost of bundling film. But, pricing for bundling film is not exactly cut and dry at the moment.
This is due to reasons including global-supply chain issues, resin market challenges, and the high demand for this type of flexible packaging film.
To complicate matters for buyers, many vendors will attempt to put you in front of a sales rep before they give you the pricing information you are seeking regarding bundling film.
Don't worry. We won't do that to you. We know how annoying that is.
Instead, in this article, we are going to give you the bundling film pricing that you are seeking. And, we will also explain the factors that have lead to the current cost of this type of packaging film.
After reading this article, you will know how much bundling film costs. You will also know if buying bundling film is the right choice for your company.
How Much Does Bundling Film Cost?
The first thing you need to know about bundling film cost is that unlike other types of flexible packaging films, bundling film is sold by the pound.
At this time, bundling film is running anywhere between $4.20 to $5.50+ per pound. This is due to the availability of the plastic resins used to manufacture this type of material.
Due to global supply chain problems, resin availability is currently very tight. This has resulted in very long lead times for bundling films. Current lead times are averaging about 12-14 weeks.
Now, the prices above are the cost for bundling film today. But those prices could change due to several reasons. We will explore these reasons in the section below.
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What Elements Affect The Cost Of Bundling Film?
Right now, bundling film prices have increased while availability is decreasing. This does not mean that you will not be able to buy the bundling film that you seek.
However, it does mean that the time in which it takes to receive your order could be longer than expected. But, what exactly is causing these issues with bundling film cost and availability?
Here we will review each of the elements that are affecting the price and availability of bundling film today.
1. Global Supply Chain Disruption
First and foremost, the pricing and availability issues for bundling film are directly connected to the current problems facing the global supply chain.
Companies everywhere are having a tough time getting materials, products, and other required items for doing business. And it is no different for bundling film manufacturers.
These issues are due to speed bumps in the global supply chain that have risen over the past couple of years.
Due to these and other supply chain problems, manufacturing companies that make bundling films are struggling to get the plastic resins required to create their materials.
2. Plastic Resin Market Upheaval
With container ships sitting in ports worldwide taking longer to be unloaded or, in some cases, not being unloaded at all, getting the resins needed to make bundling film has become very hard for many manufacturing companies.
Until plastic resins become easier to obtain, increased prices and long lead times will continue to be the expectations accompanying the process of ordering bundling film.
Should You Buy Bundling Film?
Suppose you can work around the increased pricing and longer lead times for bundling film. In that case, you can still purchase this material if it is the type of film you want to package your products in.
However, if you need to find an alternative due to time or budgetary issues, you may have to look into alternative shrink film options.
If you would like to purchase bundling film or learn more about potential alternative shrink films, it would be a good idea to speak with one of our packaging specialists.
They will be able to help you purchase the correct film for your needs, even if you do not buy your chosen film from us.
About Nathan Dube
As the Digital Marketing Specialist at Industrial Packaging, I am honored to create content for such a phenomenal company and work with one of the greatest teams in the Packaging Industry. Whether creating a video, writing blog posts or generating other pieces of content and multimedia, I am always excited to help educate and inspire our prospects and clients to reach their highest potential in regards to their packaging processes and needs.