Contract Filling & Packing Service Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Contract Filling & Packing Service Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

  • Transparency Market Research
  • Ongoing
  • Packaging

Report Description

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Contract Filling & Packing Service can be classified as the outsourcing of packaging activities to third party vendors. This is mostly done when a company does not have expertise in packaging. Substantial costs savings, about 7% to 9%, can be made on operational costs by outsourcing the packaging to contract filling & packing services experts.

The contract filling & packing services market is highly fragmented. The market is marked with the presence of several small and large scale vendors. Companies operating in the contract filling & packing service market are involved in a lot of consumer research and development to develop packaging technology and designs. Among the major developments in the contract filling & packing service market include the entrance of third-party logistics companies like DHL which has drastically improved the delivery time and reduced costs on distribution and transportation. Also, the market entities are trying to widen their application areas. With the aforementioned developments in the contract filling & packing service market, the sale of contract filling & packing services is expected to surge and provide positive push for the market in the years to come.

Market Taxonomy

The global Contract Filling & Packing Service market has been segmented as follows –

On the basis of packaging, the global Contract Filling & Packing Service market has been segmented as –

  • Primary
  • Secondary
  • Tertiary

On the basis of end-use industry, the global Contract Filling & Packing Service market has been segmented as –

  • Consumer Goods
  • Personal care
  • Pharmaceutical
  • Food & Beverages
  • Others

Research Methodology

The title “Contract Filling & Packing Service Market” has been chosen owing to their growing perceived value. More and more industries are utilizing contract filling & packing services. In addition to that, the contract filling & packing service market is expected to present multi-million dollar incremental opportunity in the forecast years. For the contract filling & packing service market study, various parameters of demand and supply side have been taken into account. Among the major factors, their manufacturing has been tracked. Import-Export data for the same has been analyzed to arrive at the market size. Moreover, individual companies and major market players in the contract filling & packing service market are also studied to triangulate the market size. The competition and innovations in the contract filling & packing service market have also been taken into account in addition to the investments made in the contract filling & packing service market. Moreover, the market numbers have also been validated by industry experts.

Global Contract Filling & Packing Service Market: Key Players

Some of the key players operating in the global Contract Filling & Packing Service market are Signode, Sharp Packaging Services, Co-Pak Packaging, DHL, Reed-Lane, Stamar Packaging, Multipack Solutions, Jones Packaging, Green Packaging Asia, Aaron Thomas, Pharma Tech Industries, Summit Packaging, Unicep Packaging, GENCO, CCL Industries, Gardan, Deufol, FedEx, Stamar Packaging and Sonoco.

Future Prospects

The growth in technological implementation is expected to entice the demand for contract filling & packing services. The implementation of fast-paced solutions has cut the leakage among many processes, thereby resulting in considerable savings and company bottom line. Moreover, the influx of logistics companies in the market has increased the competition and resulted in changing the business model for many traditional packers and has pushed the market further. Furthermore, with rising internet penetration, companies providing contract filling & packing services can pitch to a larger audience. While the market is expected to ascend in the next few years, there are certain challenges too. The market is hindered by the growth of In-house packaging as companies look to integrate backwards. This backward integration provides manufacturers total control over production cycle. Many market opportunities exist with embedded design services.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

 

 

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