The Contract Packaging and Fulfillment Service Market size is estimated at USD 98.31 billion in 2024, and is expected to reach USD 168.91 billion by 2029, growing at a CAGR of 11.43% during the forecast period (2024-2029).
The increased demand from food and beverage and pharmaceutical industries was further fuelled by the COVID-19 pandemic. Furthermore, growth of the e-commerce industry globally are among some of the major factors driving growth of the market studied over the forecast period.
The Contract Packaging and Fulfillment Service Market is highly competitive owing to the presence of multiple players in the market operating their business in domestic and international markets. The market appears to be moderately concentrated with the major players adopting strategies like expansion among others in order to stay competitive and expand their reach. Some of the major players in the market are Aaron Thomas Company, ActionPak Inc., Assemblies Unlimited among others.
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