Global Contract Packaging Market to Grow at a CAGR of 10% by 2020 - By Regions and Vendors- Market Size, Demand Forecast
Contract Packaging refers to the outsourcing of packaging activities to Third party vendors. Manufacturing companies tend to subcontract these non-core services in which they don’t have expertise.
Supply – Demand Scenario:
The global Contract Packaging market was worth $22 billion in 2014 and is projected to reach $39billion in 2020, at a compound annual growth rate of 10%.
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Growth by End Use Industry:
F&B industry leads the market with a share of XX% in 2014 while; on the other hand,Pharmaceutical industry is estimated to drive the market. For FMCG products, for the same brand name, the sales are highly dependent on the impact created by packaging on the customer during the point of purchase, and thus, contact packagers work along with the product manufacturing companies and are regarded as an extension of their arm.
On the other hand, for Pharmaceutical products, stringent regulation posed by the government requires them to perform the activities in Class X Clean rooms and as such, these activities are outsourced to contract packaging companies who have all the relevant infrastructure and expertise to perform these activities.
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Table of Content
Executive Summary
MARKET OVERVIEW
Overview
Industry Value Chain Analysis
Industry Attractiveness - Porter's 5 Force Analysis
Bargaining Power of Suppliers
Bargaining Power of Consumers
Threat from new entrants
Threat from subsititute products
Competitive rivalry within the industry
Industry Policies
MARKET DYNAMICS
Introduction
Drivers
Growth in End use industries
Restraints
In-house packaging
Opportunities
Pharmaceutical Industry
Contract Packaging Market Segmentation, Forecasts and Trends - by Revenue
By Services
Primary Packaging
Secondary Packaging
Tertiary Packaging
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