The global contract packaging market revenue was around US$ 55.6 billion in 2022 and is estimated to reach US$ 101.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2023 to 2031.
Contract packaging, also known as co-packaging. It is a packaging service provided by packaging companies to different manufacturers. The contract packaging services widely include product packaging, and package design, which can also include distribution and storage of the products.
Market Driving Factors
Increasing demand for the e-commerce Industry is estimated to boost the market. This is due to the modern technology is broadly adopted and driven by e-commerce packaging enterprises. In addition, the demand for packaging solutions by the sector to better fulfill customer expectations has also been increasing due to the increasing number of e-commerce businesses operating worldwide. As a result, in the e-commerce sector, co-packers act as a storage arm, procurement arm, and packaging production arm to expedite the supply chain. As a result, the e-commerce sector relies on supply chain speed to offer the immediate client experience.
Changing preferences of manufacturing firms, who usually outsource packing activities to third-party players is estimated to drive the market. This is because manufacturers are surging concentrating on price optimization and their core business.
High recycling prices and strict government rules hamper market growth.
Regional Analysis
North America dominated the market in terms of growth rate and is estimated to maintain its dominance. This can be attributed to the surged need for packaging in beverage and food, pharmaceuticals, personal care, and other industries. Additionally, various contract packaging businesses in the United States have adapted to the difficult business climate. As a result, they are becoming more conscious of the fierce global competition, price challenges, and highly fluctuating original equipment manufacturer (OEM) demand.
Europe dominates the market in terms of the largest shares. The most populous country in the region is Germany. The nation maintains the largest share in the region due to the products utilized in home care and healthcare. In addition, businesses in this country are implementing new packaging strategies to enhance aesthetics and ensure sustainability. Furthermore, the packaging of healthcare devices is increasing in the country owing to hospitals concentrating increasingly on sterile and disinfected packing of medical devices owing to a surge in viral infections and numerous stringent government safety standards.
Segmentation Insights
Packaging Type Insight
The primary packaging segment dominates the market in terms of the largest share. This is due to the increase in number of the users that can protect and maintain the product from external contamination, spoilage, and damage by using primary packaging.
The secondary packaging segment dominates the market in terms of revenue. This is due to the increasing demands for physical, safety, and barrier protection, secondary containment, compliance with laws, and safety. In addition, cardboard boxes, cardboard cartons, plastic/cardboard crates, bubble wrap, small inflatable air pillows, loose-fill, and labels are common secondary packing goods.
End-User Industry Insight
The food & beverages segment dominates the market in terms of the highest share during the forecast period. This is owing to the surge in the per capita income that has resulted in raise spending on packaged food & beverages across the world.
Prominent Companies
Segmentation Outline
The global contract packaging market segmentation focuses on the Packaging Type, Material, End-User Industry, and Region.
By Packaging Type
By Material
By End-User Industry
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL CONTRACT PACKAGING MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: CONTRACT PACKAGING MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL CONTRACT PACKAGING MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL CONTRACT PACKAGING MARKET, BY PACKAGING TYPE
5.1 OVERVIEW
5.2 PRIMARY
5.3 SECONDARY
5.4 TERTIARY
6 GLOBAL CONTRACT PACKAGING MARKET, BY MATERIAL
6.1 OVERVIEW
6.2 PLASTIC
6.3 METAL
6.4 GLASS
6.5 PAPER AND PAPERBOARD
7 GLOBAL CONTRACT PACKAGING MARKET, BY END-USER INDUSTRY
7.1 OVERVIEW
7.2 FOOD AND BEVERAGE
7.3 PHARMACEUTICAL
7.4 ELECTRONICS
7.5 PERSONAL CARE
7.6 OTHERS
8 GLOBAL CONTRACT PACKAGING MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL CONTRACT PACKAGING MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 SHARP PACKAGING
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 ASSEMBLIES UNLIMITED INC.
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 HOLLINGSWORTH
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 JONES PACKAGING
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 STAMAR PACKAGING
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 WEPACKIT INC.
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 DHL
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 GREEN PACKAGING ASIA
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 AMERIPAC INC.
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 CO-PAK PACKAGING CORP.
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 AARON THOMAS COMPANY INC.
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 KELLY PRODUCTS INC.
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 STERLING CONTRACT PACKAGING INC.
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 DEUFOL
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 SONIC PACKAGING INDUSTRIES
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.16 SILGAN HOLDINGS INC.
10.16.1 OVERVIEW
10.16.2 FINANCIAL PERFORMANCE
10.16.3 PRODUCT OUTLOOK
10.16.4 KEY DEVELOPMENTS
10.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.17 ASSURED EDGE SOLUTIONS
10.17.1 OVERVIEW
10.17.2 FINANCIAL PERFORMANCE
10.17.3 PRODUCT OUTLOOK
10.17.4 KEY DEVELOPMENTS
10.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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