Report: Packaging Still Growing
New report by packaging association projects growth in contract packaging over next several years, in particular for personal care and pharmaceutical.
Some have suggested that packaging is virtually recession-proof because of its connection to food. The Great Recession proved that might not be exactly true, but the contract packaging business still seems like a good market in which to stake a claim.
The third edition of the Contract Packaging Association's The State of the Contract Packaging Industry revealed that:
- 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.
To ensure the confidentiality of those who participated in the report, the Contract Packaging Association secured the services of SAI Industrial LLC, the independent research firm, which conducted the research for the two previous studies.
For questions about the study email Mary Von Qualen.