The Contract Packaging Market size is estimated at USD 73.32 billion in 2024, and is expected to reach USD 111.22 billion by 2029, growing at a CAGR of 8.69% during the forecast period (2024-2029).
The contract packaging market plays a pivotal role in the supply chain, boosting productivity for businesses. Many manufacturers outsource packaging to focus on their core competencies, boosting the demand for contract packaging globally.
The contract packaging market is moderately fragmented, with the presence of many domestic and international companies. The companies in the market are continually expanding their geographical footprint with the help of partnerships and mergers. With the growth of outsourcing activities among various established players, the market has been witnessing significant competition in terms of providing reliable and quick services, making it a competitive market.
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