Contract Packaging Market Size, Share, Growth, Trends, Production, Consumption and Forecast 2020 to 2026

The contract packaging market is projected to reach a value of US$ 55 Bn by the end of 2026 and growing at an impressive CAGR of 7% for the course of the given forecast time frame of 2020 to 2026.

Contract packaging services make sure of optimization of managed and integrated services. It also provides great scalability for the producers who are facing a problem of production postponement. It thus helps in saving the overall cost of the production. Naturally, with such benefits, there has been a growing demand for contract packaging across it end-use application industries. This has thus been one of the biggest driving factors for the growth of the global contract packaging market.

Mergers and Acquisitions are Imperative for Market Players

Contract packaging offers manufacturers and brands with improved results as far as the overall channel fulfillment and packaging of the brand is concerned. These contract packagers are slowly becoming the mainstay in the overall distribution channel. The companies operating in the global contract packaging market are placed quite uniquely in the overall value chain. These companies are trying to expand their business offerings in order to cater to the several demands and changing needs of the end-use customers. The leading players in the global contract packaging market are providing a wide range of services such as last minute optimization to creative packaging. To state an example, Coregistics, a contract packaging company based out in Atlanta, announced that it has taken over Cano Packaging Corporation. This takeover allowed Coregistics to have a better and improved access the POP packaging services and lay down a strong foothold.

Shedding off the Old Passive Role

One of the emerging trends in the global contract packaging market has been of the movement from passive role to an active strategic role in the overall value chain. The leading companies in the global contract packaging market are now actively involved in the strategic decisions regarding value chain supply such as selection of vendor or vendor qualification. These companies are also involved in decisions regarding quality assurance, product formulation, product development, and branding among others. In addition to this, the leading companies in the global contract packaging market are quickly adopting to the omni-channel distribution tactics in order to make themselves stand out in eyes of their customers from both online as well as offline channels. Furthermore, contract packaging companies are slowly shifting their focus on value-added services, product innovation, and product specialization. Such trends indicate that the global market for contract packaging is on course to achieve a stellar growth in the coming years of the forecast period.

Innovations and Technological Advancements in Packaging to Spur Market Growth 

  • Changes in the way of packaging and new customizations are driving the growth of the contract packaging market. For instance, postponement packaging and late-stage customization are becoming more popular, particularly for small volumes. However, packaging in this way can be expansive when carried out internally, and requires expertise that can be fulfilled by co-packers.
  • Furthermore, brand owners are realizing that, there is significant rise in costs, both, indirectly and directly, in managing their supply chain. Hence, they are opting for contract packaging companies to manage those complexities at a relatively fixed cost. Additionally, it also helps speed the process into the market, as most contract packagers have manufacturing and warehousing facilities, which offers a big advantage in speed to market as compared to internal alternatives.
  • Time is the biggest challenge when it comes to contract packaging. When a company relies on a partner company to produce a similar packaged product in a specified timeframe, the process demands the ability to adapt to fulfil rush orders. Strict deadlines can sometimes mean a rush to get prerequisite materials on time from a number of different suppliers. However, third-party logistics in contract packaging reduce the total delivery cycle-time with cost-effective solutions.
  • Moreover, technological advancements in the pharma industry have resulted in the introduction of new drugs with improved performance. Pharma drug manufacturers are focusing on product development rather than packaging, which drives the emergence for contract packaging in the market.

The Contract Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Contract Packaging market for the base year 2019 and the forecast between 2020 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Contract Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Contract Packaging market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Contract Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Contract Packaging market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Contract Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Contract Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Contract Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Contract Packaging market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Contract Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Contract Packaging market. These factors have benefited the growth of the global market for Contract Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Contract Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

Some of the leading names in the global contract packaging market include names such as Sonoco Products Company, Pharma Tech Industries, Multi-Pack Solutions LLC, and Stamar Packaging Inc. among others.

Some of the key players operating in the global contract packaging market are

  • AmeriPac
  • Aaron Thomas Company
  • UniCep Packaging
  • Reed-Lane, Inc.
  • Jones Packaging
  • Stamar Packaging Inc.
  • Multi-Pack Solutions LLC.
  • Pharma tech industries
  • Sonoco Products Company.

Market Segmentation is as follows:

Contract Packaging Market by Product

  • Bottles
  • Bags & Pouches
  • Sachets & Stick Packs
  • Boxes & Cartons
  • Blisters & Clamshells
  • Vials & Ampoules
  • Flow Wraps
  • Others

 Contract Packaging Market by Service

  • Bottling & Filling
  • Bagging/Pouching
  • Lot/Batch & Date Coding
  • Boxing & Cartoning
  • Wrapping & Bundling
  • Labelling
  • Clamshells & Blisters

Contract Packaging Market by End Use 

  • Food & Beverages
  • Pharmaceuticals
  • Cosmetics
  • Agriculture
  • Personal Care
  • Others (Automobile Parts, etc.)

Contract Packaging Market by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Benelux
    • Nordic
    • Russia
    • Poland
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of Middle East & Africa

In this study, the years considered to estimate the market size of Contract Packaging are as follows:

  • History Year: 2015-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2026

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are: 

  • To analyze and study the global market capacity, production, value, consumption, status (2015-2019) and forecast (2020-2026);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

 

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