Global Contract Packaging Organizations (CPOs) Market by Type (Packaging, Assemble, Kit, Warehouse), By Application (Pharmaceutical Industry, Biotechnology, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global contract packaging organizations (CPOs) market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for contract packaging services from pharmaceutical and biotechnology companies, rising trend of outsourcing packaging activities, and growing number of private label products in the retail sector. Based on type, the global CPOs market is segmented into packaging, assemble, kit, and warehouse services. The kit segment is expected to grow at a highest CAGR during the forecast period owing to its growing popularity among pharmaceutical and biotechnology companies as it helps them reduce inventory costs and improve operational efficiency. Based on application, the global CPOs market is segmented into pharmaceutical industry, biotechnology industry, food & beverage industry,, personal care products industry,,and other industries. The pharmaceutical industry accounted for majority share of the global CPOs market in 2017 due to increasing demand for contract packing services from this sector for both branded and generic drugs. However,.



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Product Definition:

Contract Packaging Organizations (CPOs) are companies that offer packaging services to other companies on a contractual basis. These organizations can help companies save time and money by packaging their products in an efficient and cost-effective manner. Contract packaging can also help to ensure that products are packaged securely and meet all regulatory requirements.

Packaging:

Packaging is a process of converting raw materials or finished goods in order to make them attractive and safe for transportation. Packaging also has the added advantage of protecting products from damage during transportation and storage. The global packaging industry is expected to witness significant growth over the forecast period owing to increasing demand for packaged food, beverages, personal care products, electronics & appliances among others. Furthermore, rising consumer awareness regarding health coupled with growing disposable income will propel market growth further.

Assemble:

Assemble is a cloud-based platform that helps CPOs manage assembly orders, track shipments, and generate invoices. It also provides real-time visibility into the shipping status of individual assemblies. The software can be integrated with various third-party applications such as ERP and warehouse management systems to provide additional functionality.

The global contract packaging organizations (CPOs) market size was valued at USD 21 billion in 2016.

Application Insights:

The other application segment includes food & beverage, personal care, and others. Other contract packaging organizations find applications in the pharmaceutical industry, biotechnology, and food & beverages among others. The growth of the food & beverage industry is expected to be a major factor driving demand over the forecast period.

The pharmaceutical industry is one of the leading users of contract packagers as it offers cost-effective solutions for its supply chain management while maintaining high quality standards required by healthcare institutions across various regions globally. Assemble contracts are widely used in this sector as they offer flexibility regarding design changes along with improved inventory control resulting in increased productivity for manufacturers/importers (OEMs). Furthermore, warehouse contracts also play an important role within this application segment due to their ability to provide secure storage facilities at lower costs than traditional storage options available on a rental basis globally.

Regional Analysis:

North America dominated the global contract packaging organizations market in 2017. The growth of this region can be attributed to the presence of a large number of CPOs and their strong distribution networks. Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing outsourcing activities in this region. Moreover, rising healthcare spending coupled with growing pharmaceutical industry will drive demand for contract packaging organization services in this region.

The European market is also anticipated to grow at a significant rate over the forecast period due to various factors such as technological advancements, high standards of living and well-developed infrastructure network within Europe’s borders which has led it become one of the most attractive markets for CPOs across globe.

Growth Factors:

Increasing demand for contract packaging services from small and medium-sized businesses (SMBs)
Rising popularity of co-packaging arrangements
Proliferation of private label brands
Emergence of ecommerce as a dominant retail channel
Growing demand for customized packaging solutions


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Scope Of The Report
Report Attributes
Report Details
Report Title
Contract Packaging Organizations (CPOs) Market Research Report
By Type
Packaging, Assemble, Kit, Warehouse
By Application
Pharmaceutical Industry, Biotechnology, Other
By Companies
ActionPak, Inc., Econo-Pak, C&C Packaging Services Inc., Induspac
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.

Global Contract Packaging Organizations (CPOs) Market Report Segments:
The global Contract Packaging Organizations (CPOs) market is segmented on the basis of:
Types
Packaging, Assemble, Kit, Warehouse
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Industry, Biotechnology, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
ActionPak, Inc.
Econo-Pak
C&C Packaging Services Inc.
Induspac



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Highlights of The Contract Packaging Organizations (CPOs) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Packaging
Assemble
Kit
Warehouse
By Application:
Pharmaceutical Industry
Biotechnology
Other
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Contract Packaging Organizations (CPOs) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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