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Reports - Contract Packaging Market

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Contract Packaging Market

Contract Packaging Market Size, Share & Trends Analysis Report by Packaging Type (Primary, Secondary, Tertiary), by Material (Plastic, Metal, Glass, Paper & Paperboard), by End User Industry (Food & Beverage, Pharmaceutical, Electronics, Personal Care), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

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Revenue Insights

Current Year

2024

Forecast Year

2035

CAGR Revenue

7.10%

Largest Region

Asia Pacific

Fastest Region

Asia Pacific

Base Year

2024

Historic Data

2023 - 2027

Forecast Period

2027 - 2035

Report Coverage

The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.

Overview

Market Synopsis:

The Global Contract Packaging Market was valued at USD 42.1 Billion in 2021 and is forecast to reach a value of USD 61.4 Billion by 2028. Over the projection period, the Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.10%.


Contract Packaging is putting together a good or product into its final package. The final packaging can take many forms depending on the product, including plastic containers, standing corrugated retail point-of-sale displays, thermoformed/plastic clamshell or blister packing, and transport trays. Contract packagers are frequently tasked with tasks as simple as applying a bar code sticker to a product or as complex as creating, assembling, and fulfilling the entire package. The Global Contract Packaging Market is expected to see potential growth owing to the factors mentioned below:


  • Increased demand from the E-Commerce sector,
  • Rising demand for cutting-edge material and innovative packaging,
  • Rising population levels around the world,
  • Rapid urbanization driving demand for pre-packaged and ready-to-eat foods,
  • High growth in the non-alcoholic and alcoholic beverage industries using closures, caps, bottles, cans, and pouches,
  • Services are offered in various shapes and sizes for both liquid and frozen products.


In addition, several other factors, like advancements in medical sciences and alterations to medications already on the market for various illnesses and deficiencies, are further expected to bolster the Contract Packaging Market growth. Furthermore, there is a trend shown by several manufacturers to choose the Contract Packaging over the in-house packaging activities. This factor is forecast to contribute by creating enormous opportunities thereby fuelling the Contract Packaging growth in the projected timeframe.


On the other hand, the restrictions for expansion of the Contract Packaging Market in the anticipated timeframe are likely to come from rising levels of competition from in-house packaging and strict government requirements.


Market Segmentation:

The Contract Packaging Market is segmented on Packaging Type, Material, End User Industry, and Region. Based on the segment of Packaging Type, the market is further segmented into Primary, Secondary, and Tertiary. Furthermore, based on the Material, the market can be further bifurcated into Plastic, Metal, Glass, and Paper & Paperboard. In addition, based on the End User Industry, the market is further divided into Food & Beverage, Pharmaceutical, Electronics, Personal Care, and Other End Users.


Based on Packaging Type:

The Secondary category dominated the market in 2021

The Contract Packaging Market was dominated by the Secondary Packaging sector due to increased consumer demand worldwide and is expected to continue in the projected timelines. Therefore, the expansion of the worldwide Contract Packaging Market is anticipated to be fueled by Secondary packaging, which is advantageous for packaging materials, branding, and marketing of the product. On the other hand, during the forecast period, the Primary packaging sector is anticipated to generate a considerably high rate in the worldwide Contract Packaging Market.


Based on End User Industry:

Food & Beverage dominated the market in 2021

The Contract Packaging Market was dominated by Food & Beverage sector in 2021 and is expected to continue this dominance in the forecast period. The rapid rise of this segment is attributed to increasing disposable income, declining family size, growing working class population, desire for novel and energizing comfort foods, and benefits such as areas of strength for protection against germs and peelable features. Therefore, deals and marketing should be an organizations primary focus after assembling and pressing. The Food & Beverage and individual consideration sectors are end-client enterprises that hire these outside vendors' services.


Based on Regional Analysis:

Asia Pacific is projected to grow at a significant rate during the forecast period

The Asia Pacific is accounted to grow significantly during the forecast period. Growing middle-class disposable income, increased industrialization, and rising consumer living standards will drive the Contract Packaging Markets growth throughout the projected year. Furthermore, due to increased Contract Packaging demand and rising exporting capabilities in these nations, India and China are expected to lead the Contract Packaging Market growth throughout the forecast period.


Recent Developments:

  • In June 2020, Jones Healthcare Group made a significant investment in its bundling services portfolio, which includes a flawlessly coordinated two-path Uhlmann rankle bundling procedure. The fully automated innovation will enhance the companys ability to manage floods of popular and unique rankle mixes as clinical and financial developments in increasingly complex drug portion structures and systems.
  • In May 2020, Sharp acquired a medication manufacturing facility from Quality Packaging Specialists International LLC. The office has total administrative approval and is 160,000 square feet in size. It offers essential and auxiliary drug packaging, including packaging, rankling, vial naming, clinical device kitting, and serialization services.


Competitive Landscape:

The key players in the Global Contract Packaging Market include- Aaron Thomas Company Inc. and others.


Segmentation of the Global Contract Packaging Market:

Renewable Power Market size, 2023 to 2032(USD Billion)

Contract Packaging Market Size | Industry Report, 2035 Market Size, 2024 To 2035 (USD Billion)

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Market Segmentation

ParameterDetails
Segment Covered

By Packaging Type
  • Primary (47.9%)
  • Secondary (39.5%)
  • Tertiary (12.6%)

By Material
  • Plastic
  • Metal
  • Glass
  • Paper & Paperboard

By End User Industry
  • Food & Beverage
  • Pharmaceutical
  • Electronics
  • Personal Care
  • Other End Users

By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Regions & Countries Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Companies Covered
  • Aaron Thomas Company Inc.
  • AmeriPac Inc.
  • Assemblies Unlimited Inc.
  • Assured Edge Solutions
  • Co-Pak Packaging Corp.
  • Deufol
  • DHL
  • Green Packaging Asia
  • Hollingsworth
  • Jones Packaging
  • Kelly Products Inc.
  • Sharp Packaging
  • Sonic Packaging Industries
  • Stamar Packaging
  • Sterling Contract Packaging Inc.
  • Silgan Holdings Inc.
  • WePackIt Inc.
Report CoverageMarket growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
Pricing and purchase optionsAvail of customized purchase options to meet your exact research needs. Explore purchase options

Historical & Forecast Data

Base Year

2024

Historic Year

2018 - 2022

Forecast Year

2023 - 2032

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Contract Packaging Market Size | Industry Report, 2035