Global Contract Packaging Market Overview
According to SPER Market Research, the Global Contract Packaging Market is estimated to reach USD 111.25 billion by 2032 with a CAGR of 7.14%.
A product is needs to be packaged to be protected during shipping and throughout the duration of its shelf life. An essential component of any tangible product is its packaging. Contract packaging is when a business contracts with another organisation to handle its supply chain and packaging requirements. This may involve distributing finished goods to markets or selling them directly to customers, together with primary and secondary packing, point-of-purchase display construction, inventory management, and distribution. Your company can concentrate on its core competencies by outsourcing your packaging process to a contract packaging partner who specialises in supply chain management. Contract packaging businesses, unlike many other businesses, have the resources needed for design, R&D, printing services, labour force, and fulfilment capabilities. In the context of a contract packaging arrangement, they carry out a number of tasks, such as purchasing all the packaging equipment and supplies needed for your supply chain management. Your items are packaged in the proper materials using the machinery that has been installed and trained to operate.
Contract packaging provides the knowledge and tools needed for packaging. The growth of small and medium-sized businesses globally and the advantages provided by contract packaging companies are therefore expected to fuel the market for contract packaging. The growth of the E-commerce sector has also significantly boosted demand for tertiary packaging globally. One of the main factors contributing to the growth of the contract packaging sector may be the growing manufacturing of packaged goods by companies in a range of sectors, such as the food and beverage, pharmaceutical, and E-commerce industries. Contract packagers are frequently tasked with tasks as simple as applying a bar code sticker to a product or as complex as creating, assembling, and fulfilling the entire package. The market expansion of contract packaging is projected to be constrained by rising levels of competition from in-house packaging and strict government requirements. The biggest and most important issues are also the volatility of raw material costs and the large discrepancy between supply and demand.
Impact of COVID-19 on the Global Contract Packaging Market
The COVID-19 epidemic has left a considerable impact on the global contract packaging sector, with a number of noteworthy repercussions. First, there has been a noticeable rise in the need for necessities like food and healthcare supplies, which has led to a parallel rise in the requirement for contract packaging services to satisfy the soaring needs. Second, the production process has become more challenging due to the difficulty in obtaining raw materials and packaging supplies due to disruptions in global supply networks. Production delays and higher packaging material costs have been noticed as a result. Thirdly, there have been major changes in consumer behaviour, including a greater preference for online shopping and home delivery. This change in customer behaviour has given contract packaging businesses new opportunity to provide services like e-commerce fulfilment and direct-to-consumer packaging.
Fourthly, the pandemic has increased workplace health and safety concerns, requiring contract packaging businesses to develop new safety rules and procedures to safeguard their staff and clients. Last but not least, the pandemic has exacerbated economic uncertainty and volatility, which has affected demand for contract packaging services and heightened rivalry amongst businesses in the sector. Overall, the COVID-19 pandemic has had both favourable and unfavourable effects on the world market for contract packaging, with strong prospects in some countries and major obstacles in others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Application, By Material, By Packaging, By Product, By Service
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Aaron Thomas Company Inc., AmeriPac Inc., Assemblies Unlimited Inc., Assured Edge Solutions, co-pak packaging corp., Deufol, DHL, Green Packaging Asia, Hollingsworth, Jones Packaging, Kelly Products Inc., Sharp Packaging, Sonic Packaging Industries, Stamar Packaging, Sterling Contract Packaging Inc., Silgan Holdings Inc., Wepackit Inc.
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Target Audience:
- Pharmaceutical Industry
- Food and Beverage Industry
- E-Commerce
- Logistics organizations
- Government bodies
Global Contract Packaging Segmentation:
1. By Application:
- Consumer Goods
- Food and Beverage
- Personal Care
- Pharmaceutical
2. By Material:
- Glass
- Metal
- Paper and Paperboard
- Plastic
3. By Packaging:
4. By Product:
- Bags and Pouches
- Blisters and Clamshells
- Bottles
- Boxes and Cartons
- Flow Wraps
- Sachets and Stick Packs
- Vials and Ampoules
5. By Service:
- Bagging/Pouching
- Bottling and Filling
- Boxing and Cartooning
- Clamshells and Blisters
- Labelling
- Lot/Batch and Date Coding
- Wrapping and Bundling
6. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Contract Packaging Market (FY’2019-FY’2032)
- Overview of Global Contract Packaging Market
- Segmentation of Global Contract Packaging Market By Application (Consumer Goods, Food and Beverage, Personal Care, Pharmaceutical, Others)
- Segmentation of Global Contract Packaging Market By Material (Glass , Metal, Paper and paperboard , Plastic)
- Segmentation of Global Contract Packaging Market By Packaging(Primary, secondary, Tertiary)
- Segmentation of Global Contract Packaging Market By Product(Bags and Pouches, Blisters and Clamshells, Bottles, Boxes and Cartons, Flow Wraps, Sachets and Stick Packs, Vials and Ampoules)
- Segmentation of Global Contract Packaging Market By Solution (Bagging/Pouching, Bottling and Filling, Boxing and Cartoning, Clamshells and Blisters, Labelling, Lot/Batch and Date Coding, Wrapping and Bundling, Others)
- Statistical Snap of Global Contract Packaging Market
- Growth Analysis of Global Contract Packaging Market
- Problems and Challenges in Global Contract Packaging Market
- Competitive Landscape in the Global Contract Packaging Market
- Impact of COVID-19 and Demonetization on Global Contract Packaging Market
- Details on Recent Investment in Global Contract Packaging Market
- Competitive Analysis of Global Contract Packaging Market
- Major Players in the Global Contract Packaging Market
- SWOT Analysis of Global Contract Packaging Market
- Global Contract Packaging Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Contract Packaging Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Contract Packaging Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Contract Packaging Market
7. Global Contract Packaging Market, By Application, 2019-2032 (USD Million)
7.1 Consumer Goods
7.2 Food and Beverage
7.3 Personal Care
7.4 Pharmaceutical
7.5 Others
8. Global Contract Packaging Market, By Material, 2019-2032 (USD Million)
8.1 Glass
8.2 Metal
8.3 Paper and Paperboard
8.4 Plastic
9. Global Contract Packaging Market, By Packaging, 2019-2032 (USD Million)
9.1 Primary
9.2 Secondary
9.3 Tertiary
10. Global Contract Packaging Market, By Product, 2019-2032 (USD Million)
10.1 Bags and Pouches
10.2 Blisters and Clamshells
10.3 Bottles
10.4 Boxes and Cartons
10.5 Flow Wraps
10.6 Sachets and Stick Packs
10.7 Vials and Ampoules
11. Global Contract Packaging Market, By Service, 2019-2032 (USD Million)
11.1 Bagging/Pouching
11.2 Bottling and Filling
11.3 Boxing and Cartooning
11.4 Clamshells and Blisters
11.5 Labelling
11.6 Lot/Batch and Date Coding
11.7 Wrapping and Bundling
11.8 Others
12. Global Commercial Washing Market, By Region, 2019-2032 (USD Million)
12.1 Global Contract Packaging Market Size and Market Share by Region (2019-2025)
12.2 Global Contract Packaging Market Size and Market Share by Region (2026-2032)
12.3 Asia-Pacific
12.3.1 Australia
12.3.2 China
12.3.3 India
12.3.4 Japan
12.3.5 South Korea
12.3.6 Rest of Asia-Pacific
12.4 Europe
12.4.1 France
12.4.2 Germany
12.4.3 Italy
12.4.4 Spain
12.4.5 United Kingdom
12.4.6 Rest of Europe
12.5 Middle East and Africa
12.5.1 Kingdom of Saudi Arabia
12.5.2 United Arab Emirates
12.5.3 Rest of Middle East & Africa
12.6 North America
12.6.1 Canada
12.6.2 Mexico
12.6.3 United States
12.7 Latin America
12.7.1 Argentina
12.7.2 Brazil
12.7.3 Rest of Latin America
13. Company Profiles
13.1 Aaron Thomas Company Inc
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 Ameripac Inc.
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 Assemblies Unlimited Inc.
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 Assured Edge Solutions
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 Co-Pak Packaging Corp.
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 Deufol
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 Green Packaging Asia
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 Hollingsworth
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 Jones Packaging
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
13.10 Kelly Products Inc.
13.10.1 Company details
13.10.2 Financial outlook
13.10.3 Product summary
13.10.4 Recent developments
13.11 Sharp Packaging
13.11.1 Company details
13.11.2 Financial outlook
13.11.3 Product summary
13.11.4 Recent developments
13.12 Sonic Packaging Industries
13.12.1 Company details
13.12.2 Financial outlook
13.12.3 Product summary
13.12.4 Recent developments
13.13 Stamar Packaging
13.13.1 Company details
13.13.2 Financial outlook
13.13.3 Product summary
13.13.4 Recent developments
13.14 Sterling Contract Inc.
13.14.1 Company details
13.14.2 Financial outlook
13.14.3 Product summary
13.14.4 Recent developments
13.15 Silgan Holdings Inc.
13.15.1 Company details
13.15.2 Financial outlook
13.15.3 Product summary
13.15.4 Recent developments
13.16 Wepackit Inc.
13.16.1 Company details
13.16.2 Financial outlook
13.16.3 Product summary
13.16.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
