Overview

Contract Filling and Packaging Market Introduction:

Contract filling and packaging market is poised to witness the value of over US $70 billion by 2028 end and register a CAGR of 12% during the forecast period of 2022-2028.

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.

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
Asia Pacific
Latin America
Middle East and Africa

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