CPA releases 2021 State of the Industry Report

The contract packaging and contract manufacturing (CP/CM) industry is currently worth $75.6 billion and projected to continue growing at two-times the pace of the sectors it serves, according to the brand new 2021 State of the Industry Report produced by CPA, The Association for Contract Packagers and Manufacturers. This comprehensive benchmark study provides valuable insights for anyone involved in or served by the food & CPG CP/CM industry.

The trends driving and supporting this growth are rated by industry leaders for their impact, including:

• Brands ongoing drive for value and efficiency
• Capacity constraints
• Short and long term COVID impacts
• The Amazon effect / the Walmart effect
• Private Equity investment / legacy ownership
• Industry consolidations
• Offshore competition and more

Published tri-annually since 2008, the State of the Industry report combines extensive quantitative and qualitative research with interviews and surveys with over 120 industry CEOs, executives, vendors, customers and other leaders. The report provides insights for investors, industry participants, customers, and vendors.

“One example of change is the continued rise of private equity,” says Ron Puvak, executive director, CPA. “While still a highly fragmented, entrepreneurial industry, the CP/CM industry is undergoing rapid consolidation and record outside investment.”

Unlike third-party statistical research summaries, the report goes beyond the numbers, combining executive insights with qualitative and quantitative primary and secondary research.

“The ongoing rapid growth of our industry confirms that we continue to deliver value and innovation sought by large and small brands,” says Rob Reinders, president, CPA. “This report helps explore the trends, drivers and headwinds shaping our industry’s future.”

“This is a rare, front-seat view for anyone investing in, selling to or depending upon the CP/CM industry,” said Mark O’Malley, immediate past president, CPA. “This report contains valuable information we will use in our business in 2021 and beyond.”

The Contract Packaging Association, is the national, not-for-profit trade organization for the contract packaging industry. CPA was formed in July 1992 for contract packaging firms and those businesses related to them in order to promote the growth and welfare of member firms. Members are comprised of the nation’s leading contract packagers as well as suppliers to the industry, performing all packaging functions: from the glamorous to the hazardous and the simplest to the most complex. CPA members offer these packaging services to an extremely wide variety of consumer goods companies and brand owners.