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. Outsourcing can also help a company with their display. A contract packaging company is able to meet the packaging regulations and guidelines of industry. A contract packager understand the FDA and the regulations surrounding packaging, and they know how to properly use child-safe caps and other components.

Market Dynamics:

Growing demand from e-commerce industry and increasing adoption of advanced packaging solution by manufacturing industries are projected to propel contract packaging market. According to the Office for National Statistics (UK), over 70% of the UK population prefer online shopping. Additionally, most of the small vendors in the European region selling through e-commerce lacks in-house packaging and are bound to prefer contract packaging solutions. Moreover, the market is also driven by increasing focus of company on outsourcing their noncore operation to gain a competitive advantage.

On the other hand, competition from in-house packaging and strict regulation regarding packaging solution are major factors expected to restrict the market growth.

Key features of the study:

• This report provides in-depth analysis of the global contract packaging market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue 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 approval, 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
• 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

Detailed Segmentation:

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