Contract Packaging Market 2021 Value with Status and Global Analysis - Aaron Thomas Company, Multipack Solutions LLC, Pharma Tech Industries Inc., Reed Lane Inc.

The Contract Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The contract packaging market registered a CAGR of 15.33%, over the forecast period from 2021 to 2026.

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Top Leading Companies of Contract Packaging Market are Aaron Thomas Company, Multipack Solutions LLC, Pharma Tech Industries Inc., Reed Lane Inc., Sharp Corporation, UNICEP Packaging LLC, Green Packaging Asia, Jones Healthcare Group, Stamar Packaging Inc., Genco (FedEx Supply Chain), Complete Co-Packing Services Ltd and others.

Industry News and Updates

June 2020 - Jones Healthcare Group made a major investment in its packaging services offering which includes a fully integrated two-lane Uhlmann blister packaging line. The fully automated equipment will improve the firm's capacity to manage surges regarding the demand and unique blister combinations, as more complex pharmaceutical dosage forms and regimes are evolving clinically and commercially.

- October 2019 - Unicep expanded its services to include refined Custom Design and Quick Turn Prototype capabilities. These services will be made available with the company's single-use Modified Blow-Fill-Seal product line. The service allows clients to leverage the company's manufacturing platform to create custom shapes and sizes of single-use packaging solutions, from concept to production prototype in as few as eight weeks, according to the company.

Key Market Trends

Pharmaceutical is Expected to Hold Significant Growth

- The growth in advancement and research in the pharmaceutical industry has resulted in the introduction of new drugs, with more exceptional performance compared to their predecessors. Recent improvements in medical sciences and additions to medicines already available for numerous diseases and deficiencies drive the contract packaging market, indirectly, as the necessity of packaging the drugs has multiplied rapidly. Various pharmaceutical companies are now outsourcing the job of packaging end-products to companies skilled labor specialized in handling the packaging of medicines. The pharmaceutical packaging of drugs is a vital aspect, as the product should be safe for patient's consumption.

- In North America, it is estimated that by the end of 2020, nearly 50 well-known, highly-prescribed drugs will go off-patent, which creates opportunities for contract packagers. Poor patient compliance or medication adherence can lead to increased hospitalization and worsening of the disease. Manufacturers' ongoing focus on drug safety and protection, and the latest government regulations, are the factors for the outsourcing packaging requirements. As per the Food and Drug Administration (FDA) regulations in the United States, pharmaceutical drugs need high barrier packaging materials and sealants that are impermeable and resistant to solvents, grease, chemicals, and heat for better security protection.

Regional Outlook of Contract Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Contract Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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