IMARC Group's report titled "Contract Packaging Market Report by Packaging Type (Primary, Secondary, Tertiary), Material (Plastic, Metal, Glass, Paper and Paperboard), Service (Bottling, Bagging/Pouching, Lot/Batch and Date Coding, Boxing and Cartoning, Wrapping and Bund, Labelling, Clamshell and Blister, and Others), End Use Industry (Food and Beverage, Pharmaceutical, Electronics, Personal Care, and Others), and Region 2024-2032". offers a comprehensive analysis of the industry, which comprises insights on the global contract packaging market trends. The global market size reached US$ 68.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 127.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.
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Factors Affecting the Growth of the Contract Packaging Industry:
- Increasing Demand for Outsourced Packaging Services:
The growing trend among companies to outsource their packaging needs is impelling the growth of the market. This shift is largely due to the cost savings and operational efficiencies that contract packaging offers. By outsourcing packaging tasks, companies can focus on their several core competencies, such as product development and marketing, while leaving the packaging process to specialized firms with the necessary expertise and equipment. Additionally, outsourcing allows for scalability, enabling companies to adjust their packaging operations based on demand fluctuations without incurring significant capital expenditures. This flexibility is particularly essential for small and medium-sized enterprises (SMEs) that may not have the resources to invest in advanced packaging technologies or large-scale packaging facilities.
- Advancements in Packaging Technology:
Ongoing advancements are contributing to the market growth. Innovations in packaging materials, automation, and digital printing are revolutionizing the industry, offering improved efficiency, sustainability, and customization. Modern packaging technologies enable contract packagers to provide high-quality, cost-effective solutions that meet stringent industry standards. Moreover, automation and robotics in packaging lines enhance precision and speed, lowering labor costs and minimizing errors. Furthermore, advancements in eco-friendly packaging materials are driving demand among environmentally conscious people and companies aiming to reduce their carbon footprint. These technological improvements not only enhance the appeal of contract packaging services but also enable providers to offer a wider range of unique solutions tailored to specific client needs.
- Growth of the E-commerce Sector:
The rapid expansion of the e-commerce sector is supporting the market growth. With the increase in online shopping, there is a heightened demand for efficient and reliable packaging solutions that ensure product safety during transit and appeal to individuals. Contract packaging companies are well-positioned to meet these demands by providing customized packaging solutions that cater to the unique requirements of e-commerce logistics. This includes the development of durable, lightweight, and tamper-evident packaging that can tolerate the rigors of shipping while maintaining product integrity. Additionally, the ability to handle large volumes and quick turnaround times makes contract packaging an attractive option for e-commerce businesses seeking to enhance their supply chain efficiency and customer satisfaction.
Leading Companies Operating in the Global Contract Packaging Industry:
- 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.
- Unicep Packaging LLC (Silgan Holdings Inc.)
Contract Packaging Market Report Segmentation:
By Packaging Type:
- Primary
- Secondary
- Tertiary
Primary represents the largest segment as it provides significant cost savings for companies by removing the need for substantial investments in packaging equipment, facilities, and labor.
By Material:
- Plastic
- Metal
- Glass
- Paper and Paperboard
Plastic holds the biggest market share due to its remarkable versatility and capability to be molded into a wide array of shapes, catering to the specific needs of different products.
By Service:
- Bottling
- Bagging/Pouching
- Lot/Batch and Date Coding
- Boxing and Cartoning
- Wrapping and Bund
- Labelling
- Clamshell and Blister
- Others
Bottling accounts for the majority of the market share. It is highly effective in preserving the quality and extending the shelf life of products.
By End Use Industry:
- Food and Beverage
- Pharmaceutical
- Electronics
- Personal care
- Others
Food and beverage represent the leading segment due to the rising need for product safety and preserving quality.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America's dominance in the contract packaging market is attributed to the increasing preferences for changing packaging requirements in various industries.
Global Contract Packaging Market Trends:
The heightened stringency of regulatory requirements across various industries is bolstering the market growth. Industries, such as pharmaceuticals, food and beverage (F&B), and cosmetics must adhere to strict packaging standards to ensure safety, quality, and compliance with legal regulations. Contract packaging companies specialize in navigating these complex regulatory landscapes, providing expertise in areas, such as labeling, traceability, and tamper-evident packaging. By partnering with contract packagers, companies can ensure their products meet all necessary regulatory criteria without having to invest heavily in compliance infrastructure. This reduces the risk of regulatory breaches, product recalls, and associated financial penalties, making contract packaging a crucial component of risk management for many businesses.
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