The global packaging contract manufacturing market is anticipated to grow at a considerable CAGR 12% during the forecast period (2021-2027). The increasing sustainable packaging is one of the prime factors affecting and driving the market. Sustainable packaging supports in optimizing business operations along with reducing environment harm. Moreover, sustainable packaging is considered to be non-toxic and allergy free and more space can be gained that allows the company to ship more product which in turn is acting in the favor of the market.
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Additionally, other factors that include constantly changing consumer need and want related with packaging and acquisition are also augmenting the growth and development of the market. For instance, in April 2021, SupplyOne had done the acquisition of one of the companies named as A&M tape and packaging which is considered the distributors of corrugated, packaging and shipping products. Through this acquisition the service of SupplyOne would be strengthen in central Florida by providing packaging supplies, packaging equipment among others through the single point of contact.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By End User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Aaron Thomas Company, Inc., CCL Industries., Reed-Lane, and SupplyOne, Jones Healthcare Group.,
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Packaging Contract Manufacturing Market – Segmentation
By End User
- Food and Beverage
- Consumer Goods
- Personal Care
- Pharmaceutical
- Other
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