Contract Packaging industry has doubled since 2008

This is just one of the findings in the 3rd Edition of The State of the Contract Packaging Industry report, now out.

Contract Packaging staff
Aug 11th, 2014
The State of the Contract Packaging Industry report, 3rd ed.
The State of the Contract Packaging Industry report, 3rd ed.

The Contract Packaging Association (CPA) announced that its 3rd Edition of The State of the Contract Packaging Industry report is now available. The report builds on previous editions (2008 and 2011) with new industry insight, market intelligence and more conclusive future trend analysis. The new edition is targeted to those involved directly in the contract packaging business as well as those looking to gain awareness into the industry for investment and acquisition objectives. Some highlights:

  • Since 2008, the contract packaging industry has more than doubled in growth.
  • The most prolific industry segments served by the contract packaging industry are food and beverage, but the personal care and pharmaceutical industries are poised for extensive growth through 2018.
  • Since 2008, the contract packaging industry has moved toward a workforce of full-time employees as opposed to using temporary labor yet the Affordable Care Act (ACA) may have a major impact on companies providing employee healthcare.
  • The Contract Packaging Association is ranked as one of the best resources for members to find and acquire new business.

To ensure confidentiality in this research report, the association secured the services of independent research firm SAI Industrial, which has successfully conducted the research that fueled previous State of the Contract Packaging Industry reports. For more information on the report, click here or email Mary Von Qualen at mvonqualen@contractpackaging.org.

 

Companies in this article
Contract Packaging Association
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With a CAGR of 6.3% through 2024, market share growth of treats and snacks will come primarily from wet and dry food although these two segments, historically strong, are not expected to lose significant market share.
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Robby Martin of Bush Brothers shares those factors that go into building great relationships between Consumer Packaged Goods companies and contract packagers/contract manufacturers.
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MSW Packaging Adds to Leadership Team
MSW Packaging, Inc., a full service contract packaging company, announced that David DeAngelis joined the company as Executive Vice President.
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While contract packaging in the cannabis industry has been slow to develop, there is room for packaging specialists who can guide and manage the vast and ever-changing landscape of cannabis packaging.
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Sovereign implemented serialization and aggregation on all three configurations of packaging lines at once.
CDMO Speeds its Line with Open-Source L4 Serialization System
With the serialization deadline approaching, Sovereign Pharmaceuticals implemented open-source software that allows the company to make their own changes and improve packaging efficiency.
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A Chicago-based partnership of businesses, economic developers, service providers, and municipalities is offering a food co-packing expansion opportunity.
Co-Pack Opportunity in Chicago’s South Suburbs
A Chicago-based partnership of businesses, economic developers, service providers, and municipalities is offering a food co-packing expansion opportunity.
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A new study from Technavio estimates the global contract packaging market will grow 8% through 2022.
Global Co-Packing Market Expected to Grow 8% Through 2022
New market research attributes growth in rapid growth of the global consumer goods manufacturing market in both developed and developing countries.
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