Global Contract Packaging Market Size study, By Product, By Service, By End User (Food & Beverages, Cosmetics, Pharmaceuticals, Agriculture, Personal Care, and Other End Users ), and Regional Forecasts 2020-2027
Global Contract Packaging Market Size study, By Product (Bottles, Bags & Pouches, Sachets & Stick-packs, Boxes & Cartons, Blisters & Clamshells, Vials & Ampoules, Flow Wraps, and Others), By Service (Bottling & Filling, Bagging/Pouching, Lot/Batch & Date, Boxing & Cartoning, Wrapping & Bundling, Labelling, Clamshell & Blister, and Others), By End User (Food & Beverages, Cosmetics, Pharmaceuticals, Agriculture, Personal Care, and Other End Users (Automotive, etc.)), and Regional Forecasts 2020-2027.
Global Contract Packaging Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2027. In recent years, the performance rate of e-commerce networks has been the standard for evaluating the development prospects of the contract packaging industry. Numerous industries-food, cosmetics, pharmaceuticals and agriculture-are increasingly moving to internet sales networks to expand their presence in worldwide. Growth in the contract packaging industry is largely dictated by the shifting demand of manufacturing companies for contract packagers, as they are primarily focused on cost management in order to spend more on their core sector. The entry of third-party logistics companies into the contract packaging industry is one of the main trends which helps to reduce the overall delivery period and also the combined costs of packaging, transport and distribution. However, the growing concern for the atmosphere gives importance to sustainable packaging. Manufacturers consider it impossible to rely on advertising, in comparison to their main market fields and thus, choosing contract packagers to support them with their manufacturing by utilizing innovative packaging strategies. This is also projected to improve the contract packaging market. Growth in innovation and study in the pharmaceutical sector has culminated in the launch of innovative products with better efficiency relative to their predecessors. Recent advances in the medical sciences and enhancements of drugs currently accessible for many diseases and disorders are pushing the contract packaging industry indirectly, as the demand for packaging of drugs has grown exponentially. Moreover, major players are focusing on merger and acquisition to expand the product portfolio. For instance, In April 2019, CCL Industries Inc. manufacturers specialty label, security and packaging solutions for global corporations, government institutions, small business, and consumers, has acquired Hinsitsu Screen (Vietnam) Company Limited. However, under contract packaging, businesses lose control of packaging activities. Contract packages goods according to their expertise. Companies may not be able to regulate or order suppliers to packages their products.
The regional analysis of global Contract Packaging Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. The contract packaging market in the United States is rising increasingly due to the the demand for packaging in markets such as food and beverage, pharmaceuticals, hair care and other industries. Contract manufacturing firms in the United States have had to adjust to challenging market circumstances. Major market player included in this report are:
Aaron Thomas Company
Stamar Packaging Inc.
Multi-Pack Solutions LLC.
Pharma tech industries
Sonoco Products Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Bags & Pouches
Sachets & Stick Packs
Boxes & Cartons
Blisters & Clamshells
Vials & Ampoules
Bottling & Filling
Lot/Batch & Date Coding
Boxing & Cartooning
Wrapping & Bundling
Clamshells & Blisters
Food & Beverages
Others (Automobile Parts, etc.)
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global Contract Packaging Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers