Contract Packaging Market Growth, Size, Share, Demand, Trends and Forecast Analysis 2022-2032
Contract Packaging Market Size- By Application, By Material, By Packaging, By Product, By Service- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Mar-2023 | Report ID: PACK2308 | Pages: 1 - 244 | Formats*: |
| Category : Packaging | |||
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 |
| 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. |
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:
- Primary
- Secondary
- Tertiary
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 report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Contract Packaging Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Contract Packaging Manufacturing Base Distribution, Sales Area, Product Type6.2 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 Goods7.2 Food and Beverage7.3 Personal Care7.4 Pharmaceutical7.5 Others
8. Global Contract Packaging Market, By Material, 2019-2032 (USD Million)
8.1 Glass8.2 Metal8.3 Paper and Paperboard8.4 Plastic
9. Global Contract Packaging Market, By Packaging, 2019-2032 (USD Million)
9.1 Primary9.2 Secondary9.3 Tertiary
10. Global Contract Packaging Market, By Product, 2019-2032 (USD Million)
10.1 Bags and Pouches10.2 Blisters and Clamshells10.3 Bottles10.4 Boxes and Cartons10.5 Flow Wraps10.6 Sachets and Stick Packs10.7 Vials and Ampoules
11. Global Contract Packaging Market, By Service, 2019-2032 (USD Million)
11.1 Bagging/Pouching11.2 Bottling and Filling11.3 Boxing and Cartooning11.4 Clamshells and Blisters11.5 Labelling11.6 Lot/Batch and Date Coding11.7 Wrapping and Bundling11.8 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-Pacific12.3.1 Australia12.3.2 China12.3.3 India12.3.4 Japan12.3.5 South Korea12.3.6 Rest of Asia-Pacific12.4 Europe12.4.1 France12.4.2 Germany12.4.3 Italy12.4.4 Spain12.4.5 United Kingdom12.4.6 Rest of Europe12.5 Middle East and Africa12.5.1 Kingdom of Saudi Arabia12.5.2 United Arab Emirates12.5.3 Rest of Middle East & Africa12.6 North America12.6.1 Canada12.6.2 Mexico12.6.3 United States12.7 Latin America12.7.1 Argentina12.7.2 Brazil12.7.3 Rest of Latin America
13. Company Profiles
13.1 Aaron Thomas Company Inc13.1.1 Company details13.1.2 Financial outlook13.1.3 Product summary13.1.4 Recent developments13.2 Ameripac Inc.13.2.1 Company details13.2.2 Financial outlook13.2.3 Product summary13.2.4 Recent developments13.3 Assemblies Unlimited Inc.13.3.1 Company details13.3.2 Financial outlook13.3.3 Product summary13.3.4 Recent developments13.4 Assured Edge Solutions13.4.1 Company details13.4.2 Financial outlook13.4.3 Product summary13.4.4 Recent developments13.5 Co-Pak Packaging Corp.13.5.1 Company details13.5.2 Financial outlook13.5.3 Product summary13.5.4 Recent developments13.6 Deufol13.6.1 Company details13.6.2 Financial outlook13.6.3 Product summary13.6.4 Recent developments13.7 Green Packaging Asia13.7.1 Company details13.7.2 Financial outlook13.7.3 Product summary13.7.4 Recent developments13.8 Hollingsworth13.8.1 Company details13.8.2 Financial outlook13.8.3 Product summary13.8.4 Recent developments13.9 Jones Packaging13.9.1 Company details13.9.2 Financial outlook13.9.3 Product summary13.9.4 Recent developments13.10 Kelly Products Inc.13.10.1 Company details13.10.2 Financial outlook13.10.3 Product summary13.10.4 Recent developments13.11 Sharp Packaging13.11.1 Company details13.11.2 Financial outlook13.11.3 Product summary13.11.4 Recent developments13.12 Sonic Packaging Industries13.12.1 Company details13.12.2 Financial outlook13.12.3 Product summary13.12.4 Recent developments13.13 Stamar Packaging13.13.1 Company details13.13.2 Financial outlook13.13.3 Product summary13.13.4 Recent developments13.14 Sterling Contract Inc.13.14.1 Company details13.14.2 Financial outlook13.14.3 Product summary13.14.4 Recent developments13.15 Silgan Holdings Inc.13.15.1 Company details13.15.2 Financial outlook13.15.3 Product summary13.15.4 Recent developments13.16 Wepackit Inc.13.16.1 Company details13.16.2 Financial outlook13.16.3 Product summary13.16.4 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.
Frequently Asked Questions About This Report
Contract Packaging Market is projected to reach USD 111.25 billion by 2032, growing at a CAGR of 7.14% during the forecast period.
Contract Packaging Market grew in market size from 2021. The Market is expected to reach USD 111.25 billion by 2032, at a CAGR of 7.14% during the forecast period.
Contract Packaging Market CAGR of 7.14% during the forecast period.
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Contract Packaging Market size is USD 111.25 billion from 2022 to 2032.
Contract Packaging Market Segment is Covered By Application, By Material, By Packaging, By Product, By Service
The North America region is anticipated to have the highest market share in Contract Packaging Market .
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 key players in the market include 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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