Global Contract Packaging Market, By Product (Bottles, Bags and Pouches, Sachets and Stick Packs, Boxes and Cartons, Blisters and Clamshells, Vials and Ampoules, Flow Wraps, Others), Service (Bottling and Filling, Bagging/Pouching, Lot/Batch and Date Coding, Boxing and Cartoning, Wrapping and Bundling, Labelling, Clamshells and Blisters, Others), End User (Food and Beverages, Pharmaceuticals, Cosmetics, Agriculture, Personal Care, Others), Type (Primary Packaging, Secondary Packaging, Tertiary Packaging), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Contract Packaging Market
Contract packaging market will reach an estimated valuation of USD 116.93 million by 2028, while registering this growth at a rate of 10.10% for the forecast period of 2021 to 2028. Contract packaging market report analyses the growth, which is currently being growing due to the increasing consumer awareness about environmental concerns.
The method of assembling a product or good into its final finished packaging is contract packaging. Depending on the product, the final packaging constitutes a range of types, such as thermoformed/ plastic clamshell or blister packaging, a plastic container, a standing corrugated retail point-of-sale display, or a transport tray. Contract packagers are often charged with something as basic as attaching a bar code sticker to a product or as complicated as the whole package is prepared, built, assembled and fulfilled.
Increasing demand from the e-commerce industry, rising need for latest technology and innovative packaging, growing number of population across the globe, rapid urbanization has led to the demand for packed and ready-to-eat food, high growth in the alcoholic and non-alcoholic beverage industry which employs closures, caps, bottles, cans, and the pouch, services are provided in various shapes and sizes for both liquid and rigid products are some of the major as well as vital factors which will likely to augment the growth of the contract packaging market in the projected timeframe of 2021-2028. On the other hand, improvements in medical sciences and additions to medicines already available for numerous diseases and deficiencies along with motivating more manufacturers to prefer contract package over in-house packaging activities which will further contribute by generating massive opportunities that will lead to the growth of the contract packaging market in the above mentioned projected timeframe.
Increasing levels of competition from in-house packaging along with stringent government regulations which will likely to act as market restraints factor for the growth of the contract packaging in the projected timeframe mentioned above. Volatility in the prices of raw material along with wide gap between demand and supply which will become the biggest and foremost challenge for the growth of the market.
This contract packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on contract packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Contract Packaging Market Scope and Market Size
Contract packaging market is segmented on the basis of type, product, service, and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the contract packaging market is segmented into primary packaging, secondary packaging, and tertiary packaging.
- Based on product, the contract packaging market is segmented into bottles, bags and pouches, sachets and stick packs, boxes and cartons, blisters and clamshells, vials and ampoules, flow wraps, and others.
- On the basis of service, the contract packaging market is segmented into bottling and filling, bagging/pouching, lot/batch and date coding, boxing and cartooning, wrapping and bundling, labelling, clamshells and blisters, and others.
- Based on end user, the contract packaging market is segmented into food and beverages, pharmaceuticals, cosmetics, agriculture, personal care, and others. Others have been further segmented as automobile part.
Contract Packaging Market Country Level Analysis
Contract packaging market is analysed and market size, volume information is provided by country, type, product, service, and end user as referenced above.
The countries covered in the contract packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the contract packaging market due to the increasing growth of the food and beverages, and consumer goods industry along with prevalence of improved distribution channels in the region. Asia-Pacific region is expected to hold the largest growth rate due to the increasing adoption of packaging services in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Contract Packaging Market Share Analysis
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.
The major players covered in the contract packaging market report are Aaron Thomas Company, Inc.; Multi-Pack Solutions LLC; PHARMA TECH INDUSTRIES.; Reed-Lane; Sharp.; Unicep; Green Sustainable Packaging; Jones Healthcare Group.; Stamar Packaging; Complete Co-packing Services Limited.; Q a S Copak Ltd; Summit Packaging Solutions; GPA Global; AmeriPac.; Nulogy Corporation.; CCL Industries.; Kelly Products Incorporated; Deufol; DHL International GmbH.; Sonoco Products Company; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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