Press release
Contract Packaging Market 2020 Business Insights and Global Outlook - Aaron Thomas Company, CCL Industries, Multipack Solutions
Contract Packaging Market
The report presents an in-depth assessment of the Global Contract Packaging including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Contract Packaging investments from 2020 till 2024.
The contract packaging market was valued at USD 45.33 billion in 2018 and is expected to reach a value of USD 103.13 billion by 2024 at a CAGR of 15.33%, over the forecast period 2019 - 2024.
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The Global Contract Packaging market is highly competitive and consists of a number of major players. Companies, like Aaron Thomas Company, CCL Industries, Multipack Solutions, Pharma Tech Industries, Reed Lane, Sharp Packaging Services, UNICEP Packaging, Green Packaging Asia, Genco (FedEx Supply Chain), Jones Packaging among others.
Scope of the Report
Contract packaging is the process of assembling a product or good into its final finished packaging. Depending on the product, the final packaging constitutes a variety of forms, such as thermoformed/ plastic clamshell or blister packaging, a plastic bag, a standing corrugated retail point-of-sale display or a transport tray. Sometimes, contract packagers are tasked with something as simple as adding a bar code sticker to a product or as complex as planning, designing, producing, and fulfilling the entire package.
Latest news and developments:
March 23, 2020: CCL Industries, a provider of speciality label, security and packaging solutions, has completed the acquisition of Flexpol, a Polish biaxially oriented polypropylene (BOPP) film producer, for around $22m. The move follows the completion of regulatory approval for the deal, which was signed in January 2020. With the completion of the deal, Flexpol now trades as "Innovia Poland" with immediate effect, CCL said.
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Key Market Trends:
Growing Consumption of Pharmaceuticals is Driving the Market Growth
- The growth in advancement and research in the pharmaceutical industry has resulted in the introduction of new drugs, with greater performance compared to their predecessors. Recent improvements in medical sciences and additions to medicines already available for numerous diseases and deficiencies is driving the contract packaging market, indirectly, as the necessity of packaging the medicines has multiplied rapidly.
- Pharmaceutical organizations are now outsourcing the job of packaging end-products to organizations skilled labor specialized in handling the packaging of medicines. Pharmaceutical packaging of drugs is a vital aspect, as the product should be safe for patient's consumption. This may not be a forte in the pharmaceutical organization, but for contract manufacturing.
- The need to create specialized packaging has boosted contract manufacturing. Furthermore, increasing old population, stringent regulations by governments for packaging and escalating public interest toward innovative packaging are some of the factors that are driving the pharmaceutical contract packaging segment.
- Moreover, the growth of prescription drug sales worldwide is directly impacting the rise in production of pharmaceutical drugs which is driving the contract packaging market.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/08071390526/contract-packaging-market-growth-trends-and-forecast-2019-2024?Source=Openpr&Mode=R15
The key insights of the Contract Packaging Market report:
The report provides key statistics on the market status of the Contract Packaging market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Contract Packaging market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2024 market development trends of Contract Packaging Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Contract Packaging Industry before evaluating its feasibility.
Finally, Contract Packaging Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Contract Packaging industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Browse Related Reports:
Bulk Container Packaging Market:
https://www.marketinsightsreports.com/reports/01091745516/bulk-container-packaging-market-growth-trends-and-forecast-2020-2025/inquiry?Source=Openpr&Mode=R15
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Media Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com
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