The performance of the contract packing companies is affected by conditions in manufacturing and wholesaling industries, including cosmetic and toiletry product manufacturing, pharmaceutical product manufacturing and adhesive and cleaner product manufacturing. Overall, IBISWorld estimates that industry revenue will increase at an average annual rate of 1.8% over the five years through 2011-12. Industry revenue is expected to increase by 1.8% over 2011-12 to a total of $704.8 million, as merchandise trade improves.
Companies in this industry pack goods in bottles, cans, cartons, collapsible tubes, plastic sachets, plastic film or bags or other containers or materials on a contract or fee basis. Activities excluded from this industry include contract packing of agricultural produce, food, beverages and tobacco. In addition, the packing of goods for transport are excluded from this industry, and are instead included in the Services to Transport industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.