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Contract Packaging Market Trends
- Report ID: GMI5833
- Published Date: May 2023
- Report Format: PDF
Contract Packaging Market Trends
Trends in the contract packaging market include the rising focus on sustainable & eco-friendly packaging solutions, increased customization & personalization options, the growth of e-commerce packaging, and the adoption of automation and robotics in packaging processes.
Frequently Asked Questions (FAQ) :
Market size for contract packaging was valued at over USD 45 billion in 2022 and is anticipated to grow at a CAGR of over 6% between 2023 and 2032, owing to focus among enterprises to leverage the expertise & resources of contract packaging providers, leading to cost savings, increased efficiency, and improved productivity.
Pharmaceutical segment held a market share of over 20% in 2022 and is expected to grow at a significant rate through 2032, due to the increasing demand for specialized packaging & labeling that is compliant with stringent regulations.
North America dominated the global contract packaging industry with over 35% share in 2022, attributed to the presence of strong manufacturing and retail industries in the region, along with high demand for efficient & customized packaging solutions, increasing outsourcing trends, and a focus on sustainability.
Aaron Thomas Company Inc., Ameripac Inc., Assemblies Unlimited Inc. Deufol SE, and DHL are some key players in contract packaging business.
Contract Packaging Market Scope
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