Global Contract Packaging Market to Grow at a CAGR of 9.17% During 2018-2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 5, 2018--The “Global Contract Packaging Market - by Services, Vertical, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2018-2025)” report has been added to ResearchAndMarkets.com’s offering.
The global Contract Packaging market is $31.33 billion in 2018 and is projected to reach $57.9 billion in 2025, at a compound annual growth rate of 9.17%.
Drivers vs. Constraints
Contract packaging industry is estimated to have a huge potential and as such, Third party logistics providers like DHL are entering into this segment by providing secondary packaging services. With the arrival of 3PL providers, the industry dynamics is changing, since companies are preferring 3PL providers for contract packaging as well over traditional co-packers since it reduces costs and lead time.
Growth by End Use Industry
F&B industry leads the market while on the other hand, Pharmaceutical industry is estimated to drive the market. For FMCG products, for the same brand name, the sales are highly dependent on the impact created by packaging on the customer during the point of purchase, and thus, contact packagers work along with the product manufacturing companies and are regarded as an extension of their arm.
On the other hand, for Pharmaceutical products, stringent regulation posed by the government requires them to perform the activities in Class X Clean rooms and as such, these activities are outsourced to contract packaging companies who have all the relevant infrastructure and expertise to perform these activities.
Industry Structure and Updates
Earlier, CPOs used to provide packaging services but currently, companies are looking out for the ones which provide both contract packaging and logistics services, since it helps in reducing costs as well as time. As such, third party logistic providers are growing in prominence.
Companies ProfiledBerkeley Contract Packaging Central Glass Unicep MJS Packaging Stamar Packaging Tricorbraun Premier Packaging DHL Sharp Packaging Services Multipack and more...
Key Topics Covered
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Contract Packaging Market Segmentation, Forecasts & Trends - by Services
6. Contract Packaging Market Segmentation, Forecasts & Trends - by Vertical
7. Contract Packaging Market Segmentation, Forecasts & Trends - by Region
8. Global Vendor Market Share Analysis
9. Supplier Intelligence - Profiles
10. Investment Analysis
11. Sourcing Strategies - Options
12. Future of Contract Packaging Market
For more information about this report visit https://www.researchandmarkets.com/research/lrfggl/global_contract?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181005005354/en/
Laura Wood, Senior Manager
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/05/2018 11:09 AM/DISC: 10/05/2018 11:09 AM