Global Contract Packaging Market 2024-2028

Global Contract Packaging Market 2024-2028

The contract packaging market is forecasted to grow by USD 20.9 bn during 2023-2028, accelerating at a CAGR of 6.54% during the forecast period. The report on the contract packaging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the total cost of ownership (TCO) advantage of contract packaging, the growing automotive market in emerging economies, and the increasing demand for packaged products.

Technavio's contract packaging market is segmented as below:

By End-user

Food and beverages
Consumer goods
Personal care
Pharmaceutical
Others

By Type

Primary
Secondary
Tertiary

By Geography

North America
APAC
Europe
Middle East and Africa
South America

This study identifies the growing demand for e-commerce sales as one of the prime reasons driving the contract packaging market growth during the next few years. Also, 3PL companies moving toward contract packaging and the rising electronics industry will lead to sizable demand in the market.

The report on the contract packaging market covers the following areas:

Contract packaging market sizing
Contract packaging market forecast
Contract packaging market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading contract packaging market vendors that include Aaron Thomas Co. Inc., Accu Tec, AmeriPac Inc., Bernard Laboratories Inc., CCL Industries Inc., Co Pak Packaging Corp., Deufol SE, FedEx Corp., gpa GLOBAL, Hanzo Logistics, Hollingsworth, Inizio, Marsden Packaging Ltd., Multi Pack Solutions LLC, PHARMA TECH INDUSTRIES, Reed Lane Inc., Silgan Holdings Inc., Summit laboratories Inc., Truvant Europe Sp. z o.o., and Verst Logistics Inc.. Also, the contract packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.