Contract Packaging Market

Contract Packaging Market, By Packaging (Primary, Secondary, and Tertiary), By End-User Industry (Food, Beverage, Pharmaceutical, Household and Personal Care, and Other End-user Industries), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

When it comes to packaging, contract packaging can be beneficial for many companies. Outsourcing to a third-party company can save a company money until production levels are reached, or until capital expenditures can be approved. Contract packaging company is able to meet the packaging regulations and guidelines. A contract packager understand the Food and Drug Administration and the regulations surrounding packaging, and they know how to properly use child-safe caps and other components.

Market Dynamics:

The growing demand from the e-commerce industry and the increasing adoption of advanced packaging solutions by manufacturing industries are projected to propel the contract packaging market growth. According to the Office for National Statistics (UK), over 70% of the U.K. population prefers online shopping. Additionally, most of the small vendors in the European region selling through e-commerce channels lack in-house packaging and are bound to relay on contract packaging solutions. Moreover, the market is also driven by the increasing focus of the company on outsourcing their non-core operations to gain a competitive advantage.

On the other hand, competition from in-house packaging and strict regulations regarding packaging solutions are expected to restrict the market growth.

Key features of the study:

• This report provides an in-depth analysis of the global contract packaging market, and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global contract packaging market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study include Aaron Thomas Company, Multipack Solutions, Pharma Tech Industries, Reed-Lane Inc., Sharp Packaging Services, UNICEP Packaging, Green Packaging Asia, Jones Packaging Inc., Stamar Packaging, Budelpack Poortvliet BV, and Complete Co-Packing Services Ltd
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global contract packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global contract packaging market

Contract Packaging Market Detailed Segmentation:

• By Packaging:
• Primary
• Secondary
• Tertiary
• By End-User Industry:
• Food
• Beverage
• Pharmaceutical
• Household and Personal Care
• Other End-user Industries
• By Geography:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• Company Profiles
• Aaron Thomas Company
• Multipack Solutions
• Pharma Tech Industries
• Reed-Lane Inc.
• Sharp Packaging Services
• UNICEP Packaging
• Green Packaging Asia
• Jones Packaging Inc.
• Stamar Packaging