Contract Packaging Market Report Scope & Overview:
Get More Information on Contract Packaging Market - Request Sample Report
The Contract Packaging Market Size was valued at USD 69.45 billion in 2023 and is projected to reach USD 120.36 billion by 2032 growing at a CAGR of 6.3% from 2024 to 2032.
Contract packagers are specialist, they bring expertise and resources to the table, allowing companies to benefit from economies of scale and avoid significant upfront investments in machinery and facilities. Additionally, contract packagers can design customized packaging solutions that keep up with changing consumer trends, and navigate the complexities of global supply chains with its varying regulations and preferences for packaging materials. The rise of global supply chains adds another layer to the benefits of outsourcing packaging. Contract packagers can navigate the complex web of regulations and regional preferences for materials, ensuring companies stay compliant and cater to local markets.
In today's competitive landscape, companies are increasingly focusing on what they do best. By partnering with contract packagers, businesses gain access to specialized expertise and resources, leading to a trifecta of benefits such as cost savings, improved efficiency, and boosted productivity. Furthermore, outsourcing offers flexibility and scalability, allowing companies to adapt to evolving market demands with agility. They can also tap into a global pool of talent and benefit from economies of scale. Ultimately, the outsourcing trend empowers businesses to streamline operations, sharpen their competitive edge, and fuel growth.
MARKET DYNAMICS
KEY DRIVERS:
Booming e-commerce demands eco-friendly, protective, beautiful custom packaging, fueling contract packagers.
The explosion of e-commerce is reshaping the packaging industry. Consumers now expect their online orders to arrive not just safe and sound, but also looking good. This has fueled a significant increase in demand for specialized packaging solutions. Eco-friendly materials are a must, as sustainability is a major concern. But protection remains paramount, packaging needs to ensure fragile items survive the rigors of shipping.
Rising focus on drug safety and anti-counterfeiting in pharma is boosting demand for contract packagers with compliance expertise.
RESTRAINTS:
Strict rules govern the materials used in packaging.
Regulations are increasingly promoting the use of eco-friendly materials like recycled content or bioplastics. Additionally, they may limit the use of non-recyclable or difficult-to-recycle materials.
OPPORTUNITY:
Outsourcing packaging allows for faster turnaround times and a more efficient supply chain.
The key opportunity lies in offering specialized services that help businesses navigate ever-evolving packaging regulations while maintaining quality and safety.
Businesses can leverage the expertise of contract packagers to implement stringent quality control measures throughout the packaging process. This not only ensures product integrity but also builds trust with consumers who prioritize safety. Contract packagers are constantly innovating and keeping a pulse on emerging packaging trends. By partnering with them, businesses gain access to cutting-edge solutions that meet evolving regulations while potentially offering a competitive edge through sustainable or efficient packaging options.
CHALLENGES:
Evolving consumer demands and packaging innovations are reshaping the industry.
A major challenge for contract packagers is staying agile. They constantly need to adapt to evolving consumer preferences and emerging packaging trends. This means being quick to develop new, creative solutions to meet changing market demands and stay ahead of the curve in this fast-paced industry.
The growing complexity of packaging design and materials is a major hurdle for contract packagers.
IMPACT OF RUSSIA UKRAINE WAR
The war in Ukraine is causing widespread effects through the contract packaging market, disrupting supply chains and raising costs. Major companies like Ball Corp and Coca-Cola are exiting Russia, further straining an already stressed system. Paper and packaging companies like Mondi are suspending operations in Ukraine and grappling with complex situations in Russia. The conflict has also sent shockwaves through commodity prices. Aluminum, a key material in packaging, saw a dramatic surge, while kraft pulp prices jumped by $1,000 per tonne. These rising costs will likely be passed down the line, impacting contract packagers and potentially leading to higher prices for consumers. The full extent of the war's impact remains to be seen, but it's clear that the contract packaging market faces a period of uncertainty and potential price hikes.
IMPACT OF ECONOMIC SLOWDOWN
The economic slowdown is squeezing the contract packaging industry. Production slowdowns across various industries, a key indicator being the significant drop in cardboard demand, paint a worrying picture. Early 2023's hopeful projections of rising box demand have evaporated, with the American Forest & Paper Association reporting a first-quarter boxboard operating rate down over 6% compared to the previous year. The paper and packaging industry was slammed by slowdowns in 2023, leading to major production cuts by leading producers. Packaging Corp., a leading North American container board producer, confirms the severity, with shipments dropping a staggering 13% numbers reminiscent of the 2009 financial crisis. The contract packaging market is clearly facing the downsides of a sluggish economy.
By Services
Primary
Secondary
Tertiary
The primary packaging segment, which directly encases the product, reigns supreme in the contract packaging market, with share of over 45.5%.. Several trends are fueling this growth. Today's consumers have a strong preference for packaging that's both unique and visually appealing. The booming e-commerce and direct-to-consumer sales channels also play a role, demanding packaging that can survive the rigors of shipping and grab attention on a digital shelf overflowing with options.
Do You Need any Customization Research on contract packaging market - Enquire Now
By Material
Plastic
Metal
Glass
Paper
Paperboard
Plastic reigns supreme in the contract packaging market, and this dominance is likely to continue. Its versatility is unmatched plastic can be rigid or flexible, adapting to the specific needs of any product. This is essential in an industry where countless products require unique packaging solutions. Furthermore, plastic acts as a fantastic barrier, protecting products from moisture, oxygen, and other enemies that lurk in the environment. This is especially crucial for food and pharmaceuticals, where maintaining product quality is paramount.
By Vertical
Food
Beverages
Pharmaceuticals
Home Products and Fabrics
Cosmetics and Beauty Care
Others
The food and beverage industry, with its vast array of products, is dominating the contract packaging market. This industry demands a unique blend of functionality and compliance. Packaging needs to keep food and drinks fresh and safe, while also adhering to strict regulations. Contract packagers are the perfect fit for this challenge. They specialize in creating efficient and cost-effective packaging solutions specifically for food and beverages, making them the preferred choice for this ever-evolving industry.
REGIONAL ANALYSIS
The contract packaging market with Asia Pacific reigning supreme. This region is a treasure trove for packaging service providers, especially in the realms of food and beverage, healthcare, and cosmetics. The reasons behind this dominance are three-fold: a booming manufacturing sector, a surge in consumer spending, and rapid urbanization. North America follows closely behind, fueled by its well-established consumer goods industries, including food, pharmaceuticals, and personal care products. Stringent regulations, a relentless emphasis on safety, and robust quality standards make this region a haven for contract packagers.
Europe joins the top contenders with its diverse and mature packaging industry, where sustainability, innovation, and strict environmental compliance are key drivers. Latin America is a rising star, propelled by a growing consumer base, increasing disposable income, and a flourishing retail sector. Brazil and Mexico are leading the charge in this region. Finally, the Middle East & Africa market is expected to experience moderate growth due to rapid infrastructure development and economic diversification efforts, which are fostering a surge in manufacturing activities.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Key players
Some of the major players in the Contract Packaging Market are AmeriPac Inc., Nulogy Corporation, Wepackit Inc., Sterling Contract Packaging Inc., Unicep Packaging, Summit Container, Stamar Packaging, Sharp Packaging, Jones Packaging, Aaron Thomas Company Inc., DHL, Green Packaging Asia, Co Pak Packaging And Others Players.
RECENT DEVELOPMENTS
In a move to expand its offerings, Sharp, a leader in pharmaceutical packaging and clinical trial supplies, acquired Berkshire Sterile Manufacturing (BSM) in October 2023. BSM, a Massachusetts-based company, specializes in contract development and manufacturing of sterile injectable products for clinical trials and commercial use.
Anticipating a surge in demand for biologics, mRNA therapies, and contract packaging, Pharmapack Europe announced in January 2023 the addition of two new dedicated zones by 2024. These zones will cater specifically to the growing need for specialized biological packaging solutions.
In August 2023, The Shippers Group teamed up with Pacific Coast Producers to donate supplies and replenish the shelves of local food banks.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 69.45 Bn |
| Market Size by 2032 | US$ 120.36 Bn |
| CAGR | CAGR of 6.3% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Services (Primary, Secondary, Tertiary), By Material (Plastic, Metal, Glass, Paper, Paperboard) • By Vertical(Food, Beverages, Pharmaceuticals, Home Products And Fabrics, Cosmetics And Beauty Care, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | AmeriPac Inc., Nulogy Corporation, Wepackit Inc., Sterling Contract Packaging Inc., Unicep Packaging, Summit Container, Stamar Packaging, Sharp Packaging, Jones Packaging, Aaron Thomas Company Inc., DHL, Green Packaging Asia, Co Pak Packaging |
| Key Drivers | • Booming e-commerce demands eco-friendly, protective, beautiful custom packaging, fueling contract packagers. • Rising focus on drug safety and anti-counterfeiting in pharma is boosting demand for contract packagers with compliance expertise. |
| Key Restraints | • Strict rules govern the materials used in packaging. |
Ans: The Contract Packaging Market is expected to grow at a CAGR of 6.3%.
Ans: Contract Packaging Market size was USD 69.45 billion in 2023 and is expected to Reach USD 120.36 billion by 2032.
Ans: Booming e-commerce demands eco-friendly, protective, beautiful custom packaging, fueling contract packagers.
Ans: Strict rules govern the materials used in packaging.
Ans: Asia-Pacific holds the dominant position in Contract Packaging Market .
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Contract Packaging Market Segmentation, By Services
9.1 Introduction
9.2 Trend Analysis
9.3 Primary
9.4 Secondary
9.5 Tertiary
10. Contract Packaging Market Segmentation, By Material
10.1 Introduction
10.2 Trend Analysis
10.3 Plastic
10.4 Metal
10.5 Glass
10.6 Paper
10.7 Paperboard
11. Contract Packaging Market Segmentation, By Vertical
11.1 Introduction
11.2 Trend Analysis
11.3 Food
11.4 Beverages
11.5 Pharmaceuticals
11.6 Home Products and Fabrics
11.7 Cosmetics and Beauty Care
11.8 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Contract Packaging Market by Country
12.2.3 North America Contract Packaging Market By Services
12.2.4 North America Contract Packaging Market By Material
12.2.5 North America Contract Packaging Market By Vertical
12.2.6 USA
12.2.6.1 USA Contract Packaging Market By Services
12.2.6.2 USA Contract Packaging Market By Material
12.2.6.3 USA Contract Packaging Market By Vertical
12.2.7 Canada
12.2.7.1 Canada Contract Packaging Market By Services
12.2.7.2 Canada Contract Packaging Market By Material
12.2.7.3 Canada Contract Packaging Market By Vertical
12.2.8 Mexico
12.2.8.1 Mexico Contract Packaging Market By Services
12.2.8.2 Mexico Contract Packaging Market By Material
12.2.8.3 Mexico Contract Packaging Market By Vertical
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Contract Packaging Market by Country
12.3.2.2 Eastern Europe Contract Packaging Market By Services
12.3.2.3 Eastern Europe Contract Packaging Market By Material
12.3.2.4 Eastern Europe Contract Packaging Market By Vertical
12.3.2.5 Poland
12.3.2.5.1 Poland Contract Packaging Market By Services
12.3.2.5.2 Poland Contract Packaging Market By Material
12.3.2.5.3 Poland Contract Packaging Market By Vertical
12.3.2.6 Romania
12.3.2.6.1 Romania Contract Packaging Market By Services
12.3.2.6.2 Romania Contract Packaging Market By Material
12.3.2.6.4 Romania Contract Packaging Market By Vertical
12.3.2.7 Hungary
12.3.2.7.1 Hungary Contract Packaging Market By Services
12.3.2.7.2 Hungary Contract Packaging Market By Material
12.3.2.7.3 Hungary Contract Packaging Market By Vertical
12.3.2.8 Turkey
12.3.2.8.1 Turkey Contract Packaging Market By Services
12.3.2.8.2 Turkey Contract Packaging Market By Material
12.3.2.8.3 Turkey Contract Packaging Market By Vertical
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Contract Packaging Market By Services
12.3.2.9.2 Rest of Eastern Europe Contract Packaging Market By Material
12.3.2.9.3 Rest of Eastern Europe Contract Packaging Market By Vertical
12.3.3 Western Europe
12.3.3.1 Western Europe Contract Packaging Market by Country
12.3.3.2 Western Europe Contract Packaging Market By Services
12.3.3.3 Western Europe Contract Packaging Market By Material
12.3.3.4 Western Europe Contract Packaging Market By Vertical
12.3.3.5 Germany
12.3.3.5.1 Germany Contract Packaging Market By Services
12.3.3.5.2 Germany Contract Packaging Market By Material
12.3.3.5.3 Germany Contract Packaging Market By Vertical
12.3.3.6 France
12.3.3.6.1 France Contract Packaging Market By Services
12.3.3.6.2 France Contract Packaging Market By Material
12.3.3.6.3 France Contract Packaging Market By Vertical
12.3.3.7 UK
12.3.3.7.1 UK Contract Packaging Market By Services
12.3.3.7.2 UK Contract Packaging Market By Material
12.3.3.7.3 UK Contract Packaging Market By Vertical
12.3.3.8 Italy
12.3.3.8.1 Italy Contract Packaging Market By Services
12.3.3.8.2 Italy Contract Packaging Market By Material
12.3.3.8.3 Italy Contract Packaging Market By Vertical
12.3.3.9 Spain
12.3.3.9.1 Spain Contract Packaging Market By Services
12.3.3.9.2 Spain Contract Packaging Market By Material
12.3.3.9.3 Spain Contract Packaging Market By Vertical
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Contract Packaging Market By Services
12.3.3.10.2 Netherlands Contract Packaging Market By Material
12.3.3.10.3 Netherlands Contract Packaging Market By Vertical
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Contract Packaging Market By Services
12.3.3.11.2 Switzerland Contract Packaging Market By Material
12.3.3.11.3 Switzerland Contract Packaging Market By Vertical
12.3.3.1.12 Austria
12.3.3.12.1 Austria Contract Packaging Market By Services
12.3.3.12.2 Austria Contract Packaging Market By Material
12.3.3.12.3 Austria Contract Packaging Market By Vertical
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Contract Packaging Market By Services
12.3.3.13.2 Rest of Western Europe Contract Packaging Market By Material
12.3.3.13.3 Rest of Western Europe Contract Packaging Market By Vertical
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Contract Packaging Market by Country
12.4.3 Asia-Pacific Contract Packaging Market By Services
12.4.4 Asia-Pacific Contract Packaging Market By Material
12.4.5 Asia-Pacific Contract Packaging Market By Vertical
12.4.6 China
12.4.6.1 China Contract Packaging Market By Services
12.4.6.2 China Contract Packaging Market By Material
12.4.6.3 China Contract Packaging Market By Vertical
12.4.7 India
12.4.7.1 India Contract Packaging Market By Services
12.4.7.2 India Contract Packaging Market By Material
12.4.7.3 India Contract Packaging Market By Vertical
12.4.8 Japan
12.4.8.1 Japan Contract Packaging Market By Services
12.4.8.2 Japan Contract Packaging Market By Material
12.4.8.3 Japan Contract Packaging Market By Vertical
12.4.9 South Korea
12.4.9.1 South Korea Contract Packaging Market By Services
12.4.9.2 South Korea Contract Packaging Market By Material
12.4.9.3 South Korea Contract Packaging Market By Vertical
12.4.10 Vietnam
12.4.10.1 Vietnam Contract Packaging Market By Services
12.4.10.2 Vietnam Contract Packaging Market By Material
12.4.10.3 Vietnam Contract Packaging Market By Vertical
12.4.11 Singapore
12.4.11.1 Singapore Contract Packaging Market By Services
12.4.11.2 Singapore Contract Packaging Market By Material
12.4.11.3 Singapore Contract Packaging Market By Vertical
12.4.12 Australia
12.4.12.1 Australia Contract Packaging Market By Services
12.4.12.2 Australia Contract Packaging Market By Material
12.4.12.3 Australia Contract Packaging Market By Vertical
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Contract Packaging Market By Services
12.4.13.2 Rest of Asia-Pacific Contract Packaging Market By Material
12.4.13.3 Rest of Asia-Pacific Contract Packaging Market By Vertical
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Contract Packaging Market by Country
12.5.2.2 Middle East Contract Packaging Market By Services
12.5.2.3 Middle East Contract Packaging Market By Material
12.5.2.4 Middle East Contract Packaging Market By Vertical
12.5.2.5 UAE
12.5.2.5.1 UAE Contract Packaging Market By Services
12.5.2.5.2 UAE Contract Packaging Market By Material
12.5.2.5.3 UAE Contract Packaging Market By Vertical
12.5.2.6 Egypt
12.5.2.6.1 Egypt Contract Packaging Market By Services
12.5.2.6.2 Egypt Contract Packaging Market By Material
12.5.2.6.3 Egypt Contract Packaging Market By Vertical
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Contract Packaging Market By Services
12.5.2.7.2 Saudi Arabia Contract Packaging Market By Material
12.5.2.7.3 Saudi Arabia Contract Packaging Market By Vertical
12.5.2.8 Qatar
12.5.2.8.1 Qatar Contract Packaging Market By Services
12.5.2.8.2 Qatar Contract Packaging Market By Material
12.5.2.8.3 Qatar Contract Packaging Market By Vertical
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Contract Packaging Market By Services
12.5.2.9.2 Rest of Middle East Contract Packaging Market By Material
12.5.2.9.3 Rest of Middle East Contract Packaging Market By Vertical
12.5.3 Africa
12.5.3.1 Africa Contract Packaging Market by Country
12.5.3.2 Africa Contract Packaging Market By Services
12.5.3.3 Africa Contract Packaging Market By Material
12.5.3.4 Africa Contract Packaging Market By Vertical
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Contract Packaging Market By Services
12.5.3.5.2 Nigeria Contract Packaging Market By Material
12.5.3.5.3 Nigeria Contract Packaging Market By Vertical
12.5.3.6 South Africa
12.5.3.6.1 South Africa Contract Packaging Market By Services
12.5.3.6.2 South Africa Contract Packaging Market By Material
12.5.3.6.3 South Africa Contract Packaging Market By Vertical
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Contract Packaging Market By Services
12.5.3.7.2 Rest of Africa Contract Packaging Market By Material
12.5.3.7.3 Rest of Africa Contract Packaging Market By Vertical
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Contract Packaging Market by country
12.6.3 Latin America Contract Packaging Market By Services
12.6.4 Latin America Contract Packaging Market By Material
12.6.5 Latin America Contract Packaging Market By Vertical
12.6.6 Brazil
12.6.6.1 Brazil Contract Packaging Market By Services
12.6.6.2 Brazil Contract Packaging Market By Material
12.6.6.3 Brazil Contract Packaging Market By Vertical
12.6.7 Argentina
12.6.7.1 Argentina Contract Packaging Market By Services
12.6.7.2 Argentina Contract Packaging Market By Material
12.6.7.3 Argentina Contract Packaging Market By Vertical
12.6.8 Colombia
12.6.8.1 Colombia Contract Packaging Market By Services
12.6.8.2 Colombia Contract Packaging Market By Material
12.6.8.3 Colombia Contract Packaging Market By Vertical
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Contract Packaging Market By Services
12.6.9.2 Rest of Latin America Contract Packaging Market By Material
12.6.9.3 Rest of Latin America Contract Packaging Market By Vertical
13. Company Profiles
13.1 AmeriPac Inc
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Nulogy Corporation
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Wepackit Inc.
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Sterling Contract Packaging Inc
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Unicep Packaging
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Summit Container
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Stamar Packaging
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Sharp Packaging
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Jones Packaging
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Aaron Thomas Company Inc.
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 DHL
13.11.1 Company Overview
13.11.2 Financial
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
13.12 Green Packaging Asia
13.12.1 Company Overview
13.12.2 Financial
13.12.3 Products/ Services Offered
13.12.4 SWOT Analysis
13.12.5 The SNS View
13.13 Co Pak Packaging
13.13.1 Company Overview
13.13.2 Financial
13.13.3 Products/ Services Offered
13.13.4 SWOT Analysis
13.13.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
U.S. Packaged Food Market size was valued at USD 1128 billion in 2023 and will reach USD 1734.95 billion by 2032 and grow at a CAGR of 4.9% by 2024-2032
The Single-Use Packaging Market size was USD 26.12 billion in 2023 and is expected to Reach USD 42.27 billion by 2031 and grow at a CAGR of 6.2% over the forecast period of 2024-2031.
The Aseptic Paper Packaging Market size was USD 9.7 billion in 2023 and is expected to Reach USD 13.86 billion by 2031 and grow at a CAGR of 4.5% over the forecast period of 2024-2031.
The Edible Water Bottles Market Size was valued at USD 128.12 million in 2023 and is expected to reach USD 283.75 million by 2031 and grow at a CAGR of 10.45% over the forecast period 2024-2031
The Bag Clips Market size was USD 4.95 billion in 2023 and is expected to Reach USD 7.77 billion by 2031 and grow at a CAGR of 5.8% over the forecast period of 2024-2031.
The Fine Mist Spray Pump Market Size was valued at USD 1.5 billion in 2023 and is expected to reach USD 2.21 billion by 2031 and grow at a CAGR of 5 % over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
