Global Contract Packaging Market Overview:
Contract packaging refers to the complete process of assembling a good or product into its final finished packaging. The market is categorized by a service that is outsourced by-product and goods manufacturers from various industries in order to preserve, protect, and distribute the product to the retail podium. The market has high growth prospects owing to increasing demand from end-use industries such as food & beverages, pharmaceuticals, cosmetics, agriculture, personal care, and others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emphasizing On Technological Advancement and Innovative Packaging
Market Growth Drivers:
Growing Demand for Pharmaceuticals and Rising Demand for Primary Contract Packaging
Challenges:
Lack of Awareness among End-Customers
Restraints:
Stringent Government Regulations Regarding Packaging
Opportunities:
Growing Demand from the End-Use Industries and Rising Demand from the Developing Economies
Competitive Landscape:
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the contract packaging market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings.
Some of the key players profiled in the report are AmeriPac (United States), Aaron Thomas Company (United States), UniCep Packaging (United States), Reed-Lane, Inc. (United States), Jones Packaging (Canada), Stamar Packaging Inc. (United States), Multi-Pack Solutions LLC. (United States), Pharma tech industries (United States) and Sonoco Products Company (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Contract Packaging market by 2030. Considering Market by Service, the sub-segment i.e. Bottling & Filling will boost the Contract Packaging market. Considering Market by End User, the sub-segment i.e. Food & Beverages will boost the Contract Packaging market.
What Can be Explored with the Contract Packaging Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Contract Packaging Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Contract Packaging
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Contract Packaging market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Contract Packaging market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Contract Packaging Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.