Latest Trend and Development of Contract Packaging Market in Global Industry 2017
ResearchMoz presents professional and in-depth study of "Global Contract Packaging Market - By Regions and Vendors - Market Size, Demand Forecasts, Industry Trends and Updates, Supplier Market Shares (2014 - 2020)". Contract Packaging refers to the outsourcing of packaging activities to Third party vendors. Manufacturing companies tend to subcontract these non-core services in which they don’t have expertise. Supply – Demand Scenario: The global Contract Packaging market was worth $22 billion in 2014 and is projected to reach $39billion in 2020, at a compound annual growth rate of 10%. Growth by End Use Industry: F&B industry leads the market with a share of XX% in 2014 while; on the other hand,Pharmaceutical industry is estimated to drive the market. 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, contact packagers work along with the product manufactur...