The contract packaging market provides customized packaging solutions to meet the unique packaging needs of various industries. Contract packaging companies help design, develop, manufacture, and print packaging boxes, pouches, bags, and other containers for products ranging from food and pharmaceuticals to cosmetics and homecare items. They offer tailored packaging options in various materials like plastics, paperboard, glass to protect products through the supply chain and make them more visually appealing on store shelves. The growing preference of brands and manufacturers to outsource non-core operations like packaging is a major factor fueling demand for Contract Packaging Market.
The global contract packaging market was valued at US$ 60.5Bn in 2022, and is expected to exhibit a CAGR of 9.7%, in terms of revenue, over the forecast period (2023-2030) to reach US$ 127.1 Bn by 2030.
Key Takeaways
Key players operating in the contract packaging are SUSI Studio, Insecta Shoes Canada Inc. ROMBAUT, In The Soulshine, Della La LLC, Reformation, Alabama Chanin, Wawwa, Doshi FCSA, Hiareth Collective, Komodo Fashion, Brave Gentle Man, ECOALF, Rapanui, and Tact & Stone. With growing outsourcing of packaging functions, key contract packagers are witnessing increased demand for their services from industries ranging from food and beverage to pharmaceuticals and electronics. They are investing in latest packaging equipment and expanding globally to cater to clients across international markets.
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