Contract Filling and Packaging Market Introduction

The global contract filling and packaging market is poised to witness the value of over US $70 billion by 2027 end and register a CAGR of 12% during the forecast period of 2020-2027. 

Every business strives to focus on its quality products and service. This requires large resources. Therefore to divide the workload, some tedious, labour heavy jobs are outsourced from a third party vendor. These chores are imperative for production, however they do not require specialization thus the firm focuses on the main product while hiring these other parties to take care of the logistics and outsourcing. The packaging can be outsourced and other such processes where the firm is not performing the main niche work, can be outsourced. These third party vendors fall under contract filling and packaging category.

Overview
Global urbanisation and growing population has led to rapid demand for fast food services and thus their packaging and transport  which is further expected to grow and increase demand for this market in the near future. Mainly used in the food & beverage industry, followed by the medical sector and electronics, this industry will be in high demand during the forecast period.  
Geographically, North America, and the U.S. are estimated to account for the majority share of the global contract packaging market.
 

Major firms in the market are Sharp Packaging Systems, QAS COPAK Ltd., Summit Packaging Solutions, Unicep, GENCO SOLUTIONS, Stamar Packaging.

Contract Filling and Packaging Market Segmentation:

By Packaging Type: 
 Primary Packaging 
 Secondary Packaging 
 Tertiary Packaging 
 
By End User: 
 Pharmaceutical 
 Food & Beverage 
 FMCG 
 Personal Care 
 Others 
 
By Region:  
 Europe  
 North America  
 APAC  
 Latin America 
 

Competitive Landscape:  
 Tier 1 players- established companies in the market with a major market share  
 Tier 2 players 
 Emerging players which are growing rapidly 
 New Entrants   
 

FutureWise Takeaways  
 Growth prospects  
 SWOT analysis 
 Key trends 
 Key data points affecting market growth

Objectives of the Study: 
 To provide with an exhaustive analysis on the global contract filling and packaging market by packaging type, by the end user, industry analysis, market share, revenue opportunity, competition, and region 
 To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
 To evaluate and forecast micro-markets and the overall market  
 To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa 
 To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
Profiling of companies to evaluate their market shares, strategies, financials, and core competencies