The continuing integration of advanced technologies is streamlining packaging operations in a wide range of industries, allowing consumers to better connect with brands. The wave of innovative packaging solutions is indeed opening a window of opportunities for the sector. In fact, the contract packaging market is expected to grow by 31.02 billion dollars at a CAGR of 10 percent between 2022 and 2027.
Notably, contract packaging service companies are growingly embedding automation technology to cater to the ever-evolving marketplace. Production line automation is allowing companies to be inventive and efficient without compromising on quality. With an automated packaging process, the risk of product defects and recalls is also significantly decreased. This, along with the increased production capacity, is enabling manufacturers to give their customers a better service.
Predictive maintenance is another technology that is being largely leveraged in the sector. Predictive maintenance significantly increases machines’ lifespan by addressing issues before they develop into expensive failures while reducing unnecessary maintenance. It uses data from sensors to detect problems well before machines go down, making it possible for manufacturers to schedule repairs at best possible time.
Moreover, contract packagers are moving toward more innovative or smarter packaging. Leveraging technologies, such as QR codes, smart labels, RFID, and near field communication (NFC) chips, contract packagers are offering manufacturers many value-added benefits today, like enhanced unboxing experience, eye-catching visuals, authentication, and connectivity.
At this juncture, there is a variety of emerging contract packaging companies and contract packaging service companies available in the market that cater to the different needs of manufacturers. To choose the top 10 emerging contract packaging companies and contract packaging service companies, Manufacturing Outlook has compiled this edition. The enlisted companies are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs and CXOs.
We present to you Manufacturing Outlook’s, “Top 10 Contract Packaging Services Companies – 2022.”