Global Contract Packaging Market

Contract Packaging Organisations provide a wide range of packaging services on a contractual basis. Many companies do not have in-house packaging of their products, instead, they outsource this service to external companies. Contract packagers do not market or distribute the product, they just handle the packaging (and sometimes manufacturing) of the product. A contract packager company is usually chosen if it is not feasible for a company to start in-house packaging services, or to maintain the existing relationship with the packaging companies.

End User Industry

After the manufacturing and packaging operations, the major operation that a company has to perform is sales and marketing. The verticals like food and beverages industries, or personal care industries are the end user industries as they purchase the service of these third-party vendors.

Market Dynamics

There is a great requirement for packaging and logistics vendors for the smooth functioning of the companies. Companies prefer 3PL providers more than the traditional packers as they reduce cost and time. Geographically, India is the fastest growing market and has a big scope for the existing companies to improvise and gain market share.

There is stiff competition among the existing companies as they strive for greater cost-effectiveness and faster service. Maintaining a relationship with the verticals is a big challenge for the contract packagers, so they have to provide the best service.

Market Segmentation

The contract packaging market can be segmented on the basis of services. These companies offer primary, secondary, and tertiary packaging services. These companies are also part of a variety of different verticals on the basis of which they can also be segmented. The verticals are food and beverages, pharmaceuticals, homecare products, cosmetics, fabric care industries.

Regional/Geographic Analysis

North American market is the biggest market currently, but Asia-Pacific is the fastest growing one. The Indian market is based mainly on cost competitiveness. The other markets are Latin America, Europe, and the Middle East.

Opportunities

Contract packaging companies are mostly hired by companies in the food and beverages industry. In this sector, it is a fact that all the companies manufacture products that are more or less at par with each other. The only significant difference is the packaging. The same can also be said for the FMCG products. The third-party contract packagers can lure these companies by cost-effective rates and the best packaging. The pharmaceutical industry is also a great contributor to the growing market. This is also backed by the government as most pharmaceutical companies lack the required setup for medicine packaging. A combination of packaging and logistics by third-party vendors is the recent trend.

Key Players

The global leading players are DHL, Sharp Packaging Services, Berkeley Contract Packaging, Unicep, Stamar Packaging, Amcor, Ball Corporation, and DS Smith. These companies have their presence globally and are recognized for their quality packaging services.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage