Contract Packaging Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR46500
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The contract packaging market size has the potential to grow by USD 31.02 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9.80%. 

This report provides a detailed analysis of the market by end-user (food and beverage, consumer goods, personal care, pharmaceutical, and others), geography (North America, APAC, Europe, MEA, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • CCL Industries Inc.
  • Co-Pak Packaging Corp.
  • Deufol Group
  • FedEx Corp.
  • Marsden Packaging Ltd.
  • Multi-Pack Solutions LLC
  • Reed-Lane Inc.
  • Sonoco Products Co.
  • Stamar Packaging
  • Unicep Packaging LLC

 

The contract packaging market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the rise in technological implementations to achieve growth opportunities. However, factors such as growing demand for in-house packaging will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the contract packaging market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This contract packaging market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Contract Packaging Market: Key Drivers and Trends

  • The rise in technological implementations is one of the major factors that will have a positive impact on the market’s growth.
  •  With the technological advancements, the players in this marketspace are focusing on introducing fast-paced solutions. 
  • For instance, the contract manufacturing organization Surepharm Services, installed the Blister Express Center 300 (BEC 300) to increase its productivity.
  • Such advancements will fuel the growth of the contract packaging market.
  • The increasing focus of 3PL companies towards contract packaging will be one of the major trends that will gain traction in the contract packaging market during the next few years.
  • Contract packaging offers various benefits such as the reduction in lead time and cost of overall packaging process that also includes the expenditure due to transportation and storage.
  • The 3PL vendors are focusing on providing contract packaging services along with other services such as warehouse management and transportation.

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Contract Packaging Market: Segmentation by Geography

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43% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for contract packaging in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increasing consumer awareness towards contract packaging is one of the prime factors that will facilitate the contract packaging market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Contract Packaging Market: Segmentation by End-user

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Factors such as the growing urban population and the increasing demand for processed food will contribute to the growth of the food and beverage industry segment in the coming years. Moreover, the growing demand from the food and beverage sector that will propel the need for packaging, will also subsequently increase the need for contract packaging in this end-user segment. Hence the market segment will exhibit fast growth rate during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the contract packaging market size. Fetch actionable market insights on post COVID-19 impact on each segment.

 

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Contract Packaging Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive contract packaging market growth during the next five years
  • Precise estimation of the contract packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the contract packaging industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of contract packaging market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The contract packaging market growth will increase by $31028.05 million during 2020-2025.
The contract packaging market is expected to grow at a CAGR of 9.80% during 2020-2025.
Technavio has segmented the contract packaging market by end user (Food and beverage, Consumer goods, Personal care, Pharmaceutical, and Others) and geographic (North America, APAC, Europe, MEA, and South America).
CCL Industries Inc., Co-Pak Packaging Corp., Deufol Group, FedEx Corp., Marsden Packaging Ltd., Multi-Pack Solutions LLC, Reed-Lane Inc., Sonoco Products Co., Stamar Packaging, Unicep Packaging LLC are a few of the key vendors in the contract packaging market.
North America will register the highest growth rate of 42.77% among the other regions. Therefore, the contract packaging market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Germany
  • Japan
  • Saudi Arabia
The key factors driving the contract packaging market growth are:
  • TCO advantage by contract packaging
The contract packaging market vendors should focus on grabbing business opportunities from the food and beverage segment as it accounted for the largest market share in the base year.
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