Explore FMI’s in-depth coverage on the Contract Packaging Market to gain Exhaustive Analyses of Key Segments
The global contract packaging market stands at US$ 45.2 Bn as of now and is expected to reach US$ 75.04 Bn by the year 2032 at a CAGR of 5.2% between 2022 and 2032.
It is a known fact that packaging is essential to keep product safe at the time of transportation and also to increase the shelf life. Every tangible product needs packaging, but the fact that a lot goes into initial investments can’t be ignored. This calls for third-party packaging firms, better known as ‘contract packaging firms’.
E-Commerce vertical has also been rising, which is actually playing a vital role in upscaling demand for third level of packaging, i.e. tertiary packaging. This factor is bound to take the entire contract packaging market at a greater stride in the near future.
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The key market participants are entering into collaborations and joint ventures for sustaining themselves amidst fierce competition. For example – Nulogy Corporation, in March 2022, entered into partnership with The Blackrock Group with the objective of providing better speed-to-market service for contract packers through complementary digital platforms. Additionally, Silgan Holdings Inc., in October 2021, did acquire Unicep Packaging (a provider of packaging and filling services). The merger’s name is ‘Silgan Unicep’.
The advancements regarding packaging technology include anti-microbial packaging, smart packaging, corn starch-based packaging, and water soluble packaging. These advancements do have low-carbon footprint. They are expected to make way for lucrative opportunities for contract packaging market in the forecast period.
Future Market Insights has scaled through these facts with future prospects in its latest market study entitled ‘Contract Packaging Market’. The analysts and consultants are all through these findings.
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Key Takeaways from Contract Packaging Market
Competitive Packaging
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“With growing number of start-ups and industries coupled with organized and systematic packaging line, the global contract packaging market is bound to witness stupendous growth in the forecast period”, says an analyst from Future Market Insights.
How does the Report unpack itself?
Key Segments Covered in the Contract Packaging Industry Survey
By Services:
By Vertical:
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Table of Content
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
About FMI Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jan 26, 2023