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...