Association report reveals previously unseen information

The Contract Packaging Association’s (CPA) State of the Industry report reveals never-before-seen information about the contract packaging industry.

Pw 5534 Cpasurvey

The report, now available, is the most comprehensive survey of contract packaging available in the industry. It was funded entirely by members of the CPA, but also included input from non-member contract packagers.

The initiative to collect, refine, and develop in-depth knowledge of contract packaging came from the association. Strategic Analysis Inc. (SAI), a third-party company that alone holds the original survey information, facilitated it.

CPA is marketing the report to contract packagers that did not participate in the survey, suppliers to contract packagers, universities offering packaging degrees, libraries, investment bankers, and a variety of consumer products groups involved in contract packaging. The report will be repeated and updated at regular intervals. It is anticipated that subsequent reports will chart growth and movement within this dynamic packaging service business.

Visit www.contractpackaging.org for further details on obtaining the report.

RFQ traffic on the rise

Request For Quote numbers on the association’s Web site show signs of rebounding. After a first-ever six-to-eight-week period of reduced RFQ inquiries moving through the association’s Web site, a marked increase in activity was noted beginning in late January—in both quantity and quality.

While there have been no long-term conclusions drawn from this recent increase in RFQ traffic, the increased activity bodes well for the service of contract packaging. Service providers that are most engaged in responding to RFQ requests will be poised to prosper as projects are resumed.

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