Overview of the global consumer goods contract packaging market
Technavio’s market research analysts have identified the growth in consumer goods manufacturing market to be one of the primary growth factors for the consumer goods contract packaging market. Owing to the equal contribution from developed and developing countries, the consumer goods manufacturing market is growing on a global level. China and the US are the leading manufacturers of consumer goods, followed by the UK, Japan, and China. Factors such as the growing adoption of sustainable technologies and the rising FDI will drive the growth of the consumer goods manufacturing industries. Moreover, the increase in R&D investment in these industries will also increase the volume of consumer products manufactured and will attract new players to enter contract packaging services for consumer goods market. Our market research analysts have estimated that this market will grow steadily at a CAGR of almost 8% by 2022.
The incorporation of contract packaging in logistics operations will drive the growth of the consumer goods contract packaging market. Consumer goods manufacturers outsource secondary or tertiary packaging activities to a pure play contract packagers, that results in increased time taken and incurs additional transportation costs. Consequently, several logistics players are incorporating contract packaging in their product portfolio and this will help in reducing the cost of logistics and time of shipment.
Companies covered
The consumer goods contract packaging market is moderately fragmented owing to the presence of numerous large and small vendors. This market research report offers a detailed analysis of the market’s competitive landscape and provides information about the services offered by the companies in this contract packaging services market. Additionally, the report also provided information about the areas the companies are primarily focusing on to sustain the competition in the consumer goods contract packaging market.
This research report provides an analysis of the various companies in this market including:
- Deufol Group
- FedEx
- Sonoco
- Stamar Packaging
- Unicep
Segmentation by end-user and analysis of the consumer goods contract packaging market
- Consumer electronics
- Automobile spare parts
- Household appliances
The consumer electronics segment will be the primary end-user to the consumer goods contract packaging market throughout the forecast period. The growing demand for consumer electronics across the globe will boost the growth of the contract packaging services for consumer goods market in this end user segment.
Geographical segmentation and analysis of the consumer goods contract packaging market
- Americas
- APAC
- EMEA
The Americas will be the major revenue contributor to the contract packaging services for consumer goods market in 2017. Our market research analysts have predicted that the growth of the market in this region will continue till 2022 owing to the wide demand for consumer goods and the high need for secure packaging.
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global consumer goods contract packaging market?
- What are the key market trends impacting the growth of the global consumer goods contract packaging market?
- What are the challenges to market growth?
- Who are the key vendors in the global consumer goods contract packaging market?
- What are the market opportunities and threats faced by the vendors in the global consumer goods contract packaging market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global consumer goods contract packaging market?
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