North America Contract Packaging Market - By Services , Vertical, Country, Trends, Forecasts - 2017 - 2022

  • ID: 4389654
  • Report
  • Region: America, North America, United States
  • 87 pages
  • Mordor Intelligence
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Contract packaging refers to the outsourcing of packaging activities to third-party vendors. In the recent years, manufacturing companies tend to subcontract these non-core services in which they don't have the expertise, to third-party vendors. However, over the past decade, the market have been witnessing a high growth owing to the increasing focus on R & D among the pharmaceutical companies across North America.

The North America contract packaging market is projected to reach USD 16.35 billion by the end of 2022, at a CAGR of 12.17% over the five-year forecasted period 2017 - 2022. Rapid advancement in the technologies, developments of the retail chains, increasing investments in the R & D and growing usage in end-user industries are some of the factors augmenting the growth of the market. However, some of the key impediments hindering the growth of the market are the in-house packaging along with the increasing lead time & logistics costs.

The market for North America contract packaging has been broadly segmented by services and verticals. As per services, the market has been segmented into primary packaging, secondary packaging and tertiary packaging. Whereas, by verticals, the market has been segmented into beverages, food, pharmaceuticals, home and fabric care, beauty care and others.

In 2016, F & B industry leads the market while the pharmaceutical industry is estimated to drive the market during the forecast period. 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, contract 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 regulations 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.

The market has also been segmented by countries into the United States and Canada. In 2014, the U.S. was the major market for contract packaging, while Canada is estimated to be the fastest growing market owing to its cost-competitiveness and quality packaging capabilities compared to North America. Today, companies are opting for less number of vendors to take volume advantage and at the same time, reduce logistics costs.

Contract packaging industry is estimated to have a huge potential and as such, third-party logistics providers like DHL are entering into this segment by providing secondary packaging services. With the arrival of 3PL providers, the industry dynamics is changing, since companies are preferring 3PL providers for contract packaging as well over traditional co-packers since it reduces costs and lead time.

Some of the companies mentioned in the report are DHL, Berkeley Contract Packaging, Unicep, MJS Packaging, Stamar Packaging and Sharp Packaging Services.

DRIVERS

Growth in end-use industries

Rapid technological advancements

Development in the retail chain

RESTRAINTS

In-house packaging

Increasing lead time & logistics cost

Key Deliverables:

Market analysis for the North America contract packaging market, with country-specific assessments and competition analysis on a regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the North America contract packaging market on a regional and country scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights into the major countries in which this industry is growing and also identify the regions that are still untapped.
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1. Introduction
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period Years
1.6 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.3 Research Assumptions
3. Executive Summary
4. Market Overview
4.1 Current Market Scenario
4.2 Industry Value-Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat From New Entrants
4.3.4 Threat From Substitute Products
4.3.5 Competitive Rivalry Within the Industry
4.4 Industry Policies
5. Market Dynamics
5.1 Drivers
5.1.1 Growth in End-Use Industries
5.1.2 Rapid Technological Advancements
5.1.3 Development in the Retail Chain
5.2 Restraints
5.2.1 In-House packaging
5.2.2 Increasing Lead time & Logistics Cost
5.3 Opportunities
5.3.1 Pharmaceutical Industry
5.3.2 Design of the Products
6. Contract Packaging Market Segmentation, Forecasts and Trends - by Revenue
6.1 By Services
6.1.1 Primary Packaging
6.1.2 Secondary Packaging
6.1.3 Tertiary Packaging
6.2 By Vertical
6.2.1 Beverages
6.2.2 Food
6.2.3 Pharmaceuticals
6.2.4 Home and Fabric Care
6.2.5 Beauty Care
6.2.6 Others
6.3 By Region
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
7. Competitive Intelligence - Company Profiles
7.1 Berkeley Contract Packaging
7.2 Central Glass
7.3 Unicep
7.4 MJS Packaging
7.5 Stamar Packaging
7.6 TricorBraun
7.7 Premier Packaging
7.8 DHL
7.9 Sharp Packaging Services
7.10 Multipack
8. Investment Analysis
8.1 Recent Mergers and Acquisitions
8.2 Investment Scenario and Opportunities
9. Future of Contract Packaging Market
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