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Contract Filling and Packaging Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Every business strives to focus on delivering the best and thus chooses to closely observe the manufacturing of its core products. Most firms want to develop their product and improve it with the help of new technology and thus do not want to spend
Contract Filling and Packaging Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
Every business strives to focus on delivering the best and thus chooses to closely
observe the manufacturing of its core products. Most firms want to develop their
product and improve it with the help of new technology and thus do not want to
spend their resources or time on the logistics of the product. Hence they outsource
these services. Services like transportation and packaging are outsourced to thirdparty vendors. These chores are imperative for production, however, they do not
require specialization thus the firm focuses on the primary product while hiring these
other parties to take care of the logistics and outsourcing. These third-party vendors
fall under contract services category.
An upsurge in food and beverage, pharmaceutical, personal care industry, rapid
urbanisation, fast-paced technological advancements, growing online sales and safer
e-commerce platforms are the factors positively stimulating the packaging industry
and thus favourably impacting the contract filing and packaging market.
The global contract filling and packaging market is poised to witness the value of over
US $70 billion by 2026 end and register a CAGR of 12% during the forecast period of
2019-2026.
An increasing number of consumers are considering options for alternate dietary and
healthcare products which requires specialised packaging to ensure containment,
quality, stability and of course branding needs. Technological advancements have
paved the way for automation that ensures quick turnaround time for completing
the packaging in an efficient manner.
The major challenge faced by contract filling and packaging market is providing biofriendly and cost-effective packaging services.
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Global Contract Filling and Packaging Market: Restraints
• Stringent rules and norms set by the government
• Abrupt loss of business if the firm chooses to perform the same activities inhouse
Contract packaging companies need to abide by changing rules and norms set by the
government from time to time and hence have to keep track of future policies to
create market differentiation as well as implement latest legal norms especially for
life affecting products. Furthermore, another risk associated with any outsourcing, in
general, is the loss of business when the businesses providers start taking care of
outsourced tasks, in-house.
Global Contract Filling and Packaging Market: Segmentation
By Packaging Type:
• Primary Packaging
• Secondary Packaging
• Tertiary Packaging
Tertiary packaging will see a trending requirement during the forecast period owing
to its characteristics such as lightweight, space-saving and recyclable/reusable
materials.
By End User:
• Pharmaceutical
• Food & Beverage
• FMCG
• Personal Care
• Others
Edible items that are directly consumed from the packets entirely rely on packaging
quality and if contaminated can cause serious harm to the consumer thus impacting
the brand. Hence packaging plays an essential role in food and beverage as well as
the pharmaceutical industry. Since both industries as expected to rise at skyrocketed
speed across the globe, they remain major shareholding segment amongst end-users
during the forecasted period.
By Region:
• Europe
• North America
• APAC
• Latin America
North America, and the U.S. in particular estimated to account for the majority share
of the global contract packaging market.
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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
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]esearch.com
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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