Published on : Dec 05, 2019
Contact packaging is assembling a good into its final finished packaging and this concept is gaining momentum with the increasing trend of e-commerce. Manufacturers and different brands acknowledge the benefits of contact packaging in terms of brand recognition.
Contract packaging is becoming mainstream practice in overall distribution channels. It aids the companies to cater varied demands of end-use customers. Major stake holders are preferring creative packaging with customizations to suffice the changing needs of customers. Coregistics is one of the packaging companies based in Atlanta which acquired Cano Packaging Corporation to gain greater hold on POP packaging in order to gain a stronger foothold in contract packaging market.
Global contract packaging market is expected to grow at 7% CAGR during the forecast period 2019-2027.
An intelligence report titled, “Contract Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.
Product innovation helps companies to expand
Contract packaging also provides scalability and increases the production capacity of companies. Industries of end-use applications are increasingly using contract packaging and are driving the growth of global contract packaging market. Leading companies involve packaging in their development strategies to improve the supply value chain that includes qualification of vendor and vendor selection. Major companies of global contract packaging market are given importance in various development aspects by end-use industries and they are included in different decision-making discussions such as quality assurance, product development, branding and product formulation.
Omni-channel distribution strategy is adopted by companies to make a statement in the market and to gain more penetration in online and offline markets. Contract packaging companies are now inculcating various components such as value-added services, product specialization and product innovation to expand their business. These trends hold the potential to fasten the growth of global contract packaging market in future.
Major stake holders profiled in global contract packaging market include Sonoco Products Company, Multipack Solutions LLC, Pharma Tech Industries and Stamar Packaging Inc.
Global contract packaging market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global contract packaging market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global contract packaging market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on contract packaging.
An insightful and deep-dive assessment of the competitive assessment of the Global contract packaging market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global contract packaging market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global contract packaging market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global contract packaging market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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