Contract Packaging Association Issues Report
- Published: April 03, 2018
OAKBROOK, IL | The Contract Packaging Association (CPA) announces the release of its State of the Industry Report. This comprehensive benchmark study provides valuable insights for anyone involved in the industry. The report combines 100-question interviews with more than 120 CEOs and senior industry executives with primary and secondary research, reportedly making it a valuable planning tool for anyone connected to the industry.
The contract manufacturing and contract packaging industry serving the US food and CPG sector is currently USD 25.67B and projected to continue growing at 2x–4x the pace of the sector it serves. The trends driving and supporting this growth are rated by industry leaders for their impact, including the following:
- The Amazon Effect / The Walmart Effect
- Private Equity Investment
- Grocery Consolidation / Food Company Consolidation
- Offshore and Mexico-based Competition and more
“One example of change is the rise of private equity,” says Ron Puvak, CPA managing director. “Investment levels and investor size are both increasing, with large PE firms such as Goldman Sachs now investing in our rapidly evolving industry.”
The CPA says that, unlike third-party statistical research summaries, the report goes beyond the numbers, combining executive insights with qualitative and quantitative primary and secondary research.
Says Tim Koers, CPA president, “Our industry continues growing at double-digit rates and has become a critical part of food and CPG supply chains. This report dives into why, then explores the trends, drivers, and headwinds shaping its future.”
Among the topics in this 130-page report are the following:
- Defining the Food/CPG industry by scope and revenue
- Industry CAGR 2015–2020 packaging/manufacturing
- The rise of Private Equity
- Industry consolidation trends
- The labor market and widening talent GAP
- Demographics on size, company age, locations, revenue
- Enterprise technology implementations and penetration rates
- Industry marketing and business development trends
- Sustainability trends…and much more
“This is a rare, front-seat view for anyone investing in, selling to, or depending upon this industry,” says Vicky Smitley, immediate past CPA president. “This report contains valuable information we will use in our business in 2018 and beyond.”
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