Contract Packaging Market Top Key Players – Hollingsworth, Royal Chemical, MDI, Export Corporation, MJ Rapport and Co Inc., Hanzo Logistics
Contract Packaging, also known as Co-Packing, is the overall process of assembling a product or goods into its final finished packaging. Contract Packaging can be a simple or complex process as it is customized according to the specific scope of the product packaging, which varies greatly across the retail, commercial or trade industries.Contract Packaging and Co-packaging companies provide contract packaging services to product manufacturers and often act as an extension of the company. Contract packagers can be tasked with something as simple as adding a barcode sticker to a product or as complex as planning, designing, producing, and fulfilling the entire package.
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GLOBAL CONTRACT PACKAGING MARKET DYNAMICS
Contract Packaging and Co-packaging companies provide packaging services – ranging from simple to complex to product manufacturers, often acting as an extension of the company. A simple service may be applying a promotional label or coupon to a product that is already packaged. A more complex service may include everything from start to finish i.e. planning, designing, producing, and fulfilling the entire package.
In addition, there is the added concern surrounding how to build the cost of serialization into existing supply agreements and data without losing customers. These cost concerns are also leading a lot of manufacturers to consider consolidating their supply chains and use fewer supply chain partners. This kind of consolidation. faced by has been an industry-wide trend for a wide. CPOs are now facing more competition than ever before and need to invest in upgrading their service level to face off their competitors.
GLOBAL CONTRACT PACKAGING MARKET SEGMENTATION
The Global Contract Packaging Market can be segmented into following categories for further analysis.
By Packaging Product
• Plastic Production Based
• Paper Production Based
• Corrugated Board Based
• Reinforced material based
• Composite material Based
• Other Materials
By In Product Usage Type
• Foods and Beverages
• High Value Objects / items
• FMCG Products
• Electronic Products
• Fashion Products
• Low Value Software Products
• Hardware Products
• Electrical and Hazardous Products
• Mechanical Products
By Client Production Categorization Type
• Large Scale Packaging Provisioners
• Small Scale Packaging Provisioners
• Omni Business Packaging Provisioners
• Medium Scale Packaging Provisioners
By Packaging Integration Type
• Primary Packaging
• Secondary Packaging
• Tertiary Packaging
By Regional Classification
• Asia Pacific Region – APAC
• Middle East and Gulf Region
• Africa Region
• North America Region
• Europe Region
• Latin America and Caribbean Region
RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL CONTRACT PACKAGING MARKET
The introduction of new technologies and innovations will be the key factors in market growth. Brands are striving to provide product differentiation at the point of purchase. Innovative new designs, package shapes and decorative techniques can therefore be created as added value features. As a result, materials and technologies will drive demand for luxury packaging and enable companies offering these services to succeed.
With demand increasing for a broader range of services, contract packagers are expanding capabilities and infrastructure. Contract packagers are well-prepared for serialization requirements. With at least 80 serialization lines across its global network of facilities, PCI Pharma Services delivers serialized medicines with integrated overt and covert anticounterfeiting protection features and can meet current and upcoming requirements internationally.
COMPETITIVE LANDSCAPE
In the recent years of the Global Contract Packaging Market, there has been an extensive competition being noticed in the research and development of the required packaging improvisation to comply with the environmental standards and basic SOP of Packaging the commodity as required by categorizations.
COMPANIES PROFILED
Hollingsworth
Royal Chemical
MDI
Export Corporation
MJ Rapport and Co Inc.
Hanzo Logistics
Bernard Laboratories
Shares Inc.
Assured Edge Solutions
CWS Contract Packaging
Miracle CS Industries
The Raymond Hadley Corporation
Ruspak Contract Packaging Services
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