Global market for contract packaging 2016-2020

In a new report, Technavio’s market research analysts predict the global contract packaging market to grow at a CAGR of almost 11% between 2016 and 2020. The demand for contract packaging is augmented by the growing need to reduce operational costs.
The food and beverages segment accounted for the majority of the market’s revenue by occupying around 42% of the overall market space. Food product manufacturers use contract packaging mainly to package snacks, confectionary, and whole food items such as grains, vegetables, and meat and meat products. The key vendors in the market include Deufol, GENCO, Sharp Packaging, Stamar Packaging, Summit Container, and Unicep Packaging.
Click here for the press release.
Click here for more information about the report.

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