Contract Packaging Market Worth US$ 103.0 Billion by 2028 at CAGR of 8.05%| IMARC Group

According to IMARC Group’s latest report, titled “Contract Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global  contract packaging market size reached US$ 63.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 103.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.05% during 2023-2028.

Contract packaging or co-packaging solutions refer to the process of managing the packaging and supply chain requirements of an organization by hiring third party companies. The co-packers provide the labor force, machinery, shipping, and thought leadership for successfully managing the primary, secondary, and tertiary packaging needs. Contract packaging services also include other services, such as inventory management, point-of-purchase (POP) display builds, distribution of the goods to the market or directly to the consumer, etc. They offer faster turnaround, comprehensive warehouse and logistics support, improved scalability, and enhanced productivity. Consequently, contract packaging systems find extensive applications across numerous sectors including personal care, pharmaceutical, retail, electronics, food and beverage (F&B), etc.

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Contract Packaging Market Trends:

The inflating demand for packaged and ready-to-eat (RTE) food products, owing to the hectic lifestyles and busy schedules of individuals, is among the key factors driving the contract packaging market. In addition to this, the increasing focus among major market players on providing serialization, child-resistant, and tamper-evident features in their packaging solutions to adequately meet the stringent standards set by government bodies across countries is acting as another significant growth-inducing factor.

Furthermore, the shifting preferences toward contract packaging in the retail industry for minimizing costs and improving product presentation are also positively influencing the global market. Apart from this, the emerging trend of online shopping and the launch of home delivery models are further stimulating the market growth. Moreover, the introduction of environment-friendly packaging options, on account of the elevating awareness about the ill effects of plastic materials among the masses, is expected to propel the contract packaging market over the forecasted period.

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Contract Packaging Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the contract packaging market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Aaron Thomas Company Inc.
  • AmeriPac
  • Assemblies Unlimited Inc.
  • Co-Pak Packaging Corporation
  • Hollingsworth
  • Kelly Products Incorporated
  • Marsden Packaging Ltd.
  • Multi-Pack Solutions LLC
  • Reed-Lane. Inc.
  • Sonic Packaging Industries Inc.
  • Sterling Contract Packaging Inc.
  • and Unicep Packaging LLC (Silgan Holdings Inc.).

Key Market Segmentation:

The report has segmented the contract packaging market on the basis of packaging type, material, service and end use industry.

Breakup by Packaging Type:

  • Primary
  • Secondary
  • Tertiary

Breakup by Material:

  • Plastic
  • Metal
  • Glass
  • Paper and Paperboard 

Breakup by Service:

  • Bottling
  • Bagging/Pouching
  • Lot/Batch and Date Coding
  • Boxing and Cartoning
  • Wrapping and Bund
  • Labelling
  • Clamshell and Blister
  • Others

Breakup by End Use Industry:

  • Food and Beverage
  • Pharmaceutical
  • Electronics
  • Personal Care
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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