The contract packaging market size was projected to be US$ 47.2 billion in 2023. By the end of 2024, the industry is likely to reach a valuation of US$ 49.6 billion. During the forecast period, the global market for contract packaging is expected to garner a 5.10% CAGR and reach a size US$ 81.6 billion by 2034.
| Attributes | Details |
|---|---|
| Estimated Market Value in 2023 | US$ 47.2 billion |
| Expected Market Value in 2024 | US$ 49.6 billion |
| Expected Market Value in 2034 | US$ 81.6 billion |
| Value based CAGR from 2024 to 2034 | 5.10% |
Key Industry Trends and Highlights
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| Report Attributes | Details |
|---|---|
| Market value in 2023 | US$ 47.2 billion |
The global trade tensions that arose in 2018 presented difficulties for the contract packaging sector, resulting in supply chain interruptions and uncertainties. Trade disputes, tariffs, imparities, and regulatory changes impeded market expansion and increased costs for manufacturers and contract packaging firms by affecting the import and export of commodities and packaging materials.
During the end of the historical period, the growing popularity of e commerce, which resulted in a spike in demand for effective, customized packaging solutions to satisfy the particular requirements of online retail, was the main driver of the contract packaging business. The market expansion was significantly fueled by the ongoing emphasis on sustainability and packaging compliance with regulations.
Principal Consultant
The table below lists the top five nations expected to forecast prominent growth during the forecast period. India and China are predicted to have the maximum development among these nations.
Forecast CAGRs from 2024 to 2034
| Countries | CAGR from 2024 to 2034 |
|---|---|
| The United States | 3.3% |
| The United Kingdom | 4.5% |
| Germany | 2.2% |
| China | 6.8% |
| India | 7.7% |
The United States market for contract packaging is likely to garner a 3.3% CAGR during the forecast period. The consumer goods market in the United States is enormous and diverse, covering a wide range of products including food and beverages, prescription drugs, cosmetics, and more.
Due to the wide range of products available, custom packaging solutions-such as distinctive materials, designs, and labeling-are required, which fuels the need for contract packaging services. Contract packagers are capable of managing this variability and offering effective packaging solutions tailored to the unique requirements of certain product categories.
The packaging environment has changed as a result of the robust e commerce industry in the region. As more people buy online, there is a greater demand for specialized, effective, and safe packaging options to guarantee that goods arrive to customers undamaged and look good. Contract packaging companies play a critical role in satisfying these needs by providing specialist packaging services for online retailers.
The contract packaging market in the United Kingdom is poised to expand at a 4.5% CAGR from 2024 to 2034. The retail sector in the United Kingdom, which includes private label companies, has been steadily growing. Retail brands need high quality, economical, and effective packaging and labeling solutions, which drives up demand for contract packaging services.
Contract packaging manufacturers give a wide range of packaging alternatives, from mass produced to premium, customized packaging for private label businesses, and the flexibility to adjust to the changing needs of the retail sector.
The market for contract packaging in Germany is poised to develop at a 2.2% CAGR during the forecast period. Germany has a great preference for high quality and gourmet goods. Specialized and superior packaging solutions are in high demand as a result of this preference. In order to satisfy the specific packaging needs of these products, which include premium labeling, superior materials, and customized packaging designs, contract packaging services are crucial.
Germany is renowned for its strict packaging laws and excellent standards. This necessitates a high degree of packaging precision and skill. Contract packaging firms are essential to maintaining adherence to these requirements since they have the skills and expertise to handle the intricate regulatory environment. In the German market, their services support brands in upholding regulatory compliance and quality standards.
The China market for contract packaging is likely to expand at a 6.8% CAGR from 2024 to 2034. The growing middle class in China is more concerned with convenience and is turning more and more toward pre packaged, clearly labeled goods.
The need for contract packaging services to offer specialized and effective packaging solutions is fueled by this trend. Contract packagers provide a variety of packaging alternatives that suit the convenience as well as lifestyle preferences of the growing middle class population in order to meet these changing needs of consumers.
The India contract packaging market is poised to expand at a 7.7% CAGR during the forecast period. The expansion of export prospects has led to a boom in contract packaging services in India.
Contract packaging companies are essential in ensuring that Indian products meet international norms and standards when they are sold in foreign markets. This supports the development of contract packaging in India by facilitating easier exports and global market expansion.
India has seen remarkable growth in both the fast moving consumer goods (FMCG) sector and the rising retail business. Contract packaging is essential for firms to effectively manage large production volumes and offer affordable packaging solutions as consumer demand for goods soars.
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The table below highlights how the bottles are projected to take up a significant global market share. The food and beverage segment is likely to garner a significant market share in 2024.
| Category | Market share in 2024 |
|---|---|
| Bottles | 42.6% |
| Foods and Beverages | 70.1% |
The bottles segment is expected to acquire a market share of 42.6% in 2024. Bottles provide customers with convenience for a range of goods, including medicines, beverages, and personal hygiene products. Customers value the portability, convenience of use, and resealability of bottles, which increases demand and encourages manufacturers to incorporate them into their packaging designs.
Concerns about sustainability are driving companies to switch to more environmentally friendly packaging materials. Bottles are thought to be a more environmentally friendly option than single use plastic packaging, especially if they are composed of recyclable or biodegradable materials. This is in line with consumer and regulatory desires for packaging that is environmentally friendly.
Based on the end use application, the food and beverage segment is anticipated to take up a significant global market share. In 2024, the food and beverage segment is likely to acquire a 70.1% global market share.
Products ranging from snacks and beverages to perishable commodities are included in the food and beverage business. A significant portion of the contract packaging business is devoted to specialized packaging solutions, such as materials and designs that are distinctive, due to this diversity's impact on consumer demand.
Convenient food and beverage items that are ready to eat and portable are in high demand. Contract packaging manufacturers give customers the freedom to design packaging that makes products more convenient, like resealable containers, single serve packaging, and portion controlled packaging, thereby responding to consumer preferences and boosting demand in this market during the forecast period.
Many companies provide highly personalized packaging options to meet the unique requirements of their customers. In order to increase their competitiveness in the market, they do this by offering distinctive and custom package designs as well as value added services like labeling, branding, and quality control.
Contract packaging companies are adopting advanced technologies like robotics, automation, and data analytics more frequently in an effort to boost productivity, cut expenses, and improve the accuracy and speed of their packaging operations. They can offer competitive prices and short response times thanks to this technological advantage, which draws in more customers and increases their market share.
Some of the prominent developments by the key companies in this domain are
| Company | Key Developments |
|---|---|
| Summit Container |
|
| Sharp Packaging |
|
| Attribute | Details |
|---|---|
| Projected market value in 2024 | US$ 49.6 billion |
| Projected market value in 2034 | US$ 81.6 billion |
| Forecast CAGR from 2024 to 2034 | 5.10% |
| Forecast period | 2024 to 2034 |
| Historical period | 2019 to 2023 |
| Market analysis | Value in US$ billion |
| Key regions covered |
|
| Key countries profiled |
|
| Key market segments |
|
| Key companies profiled |
|
The global contract packaging market is expected to reach US$ 49.6 billion by 2024.
The global contract packaging market is set to expand at a CAGR of 5.10% by 2034.
The global contract packaging market is forecast to reach US$ 81.6 billion by 2034.
The bottles segment is projected to attain a 42.6% share in 2024.
The food and beverage segment is likely to acquire a 70.1% share in 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019-2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019-2023 and Forecast 2024 to 2034, By Services
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Services, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Services, 2024 to 2034
5.3.1. Primary
5.3.2. Secondary
5.3.3. Tertiary
5.4. Y-o-Y Growth Trend Analysis By Services, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Services, 2024 to 2034
6. Global Market Analysis 2019-2023 and Forecast 2024 to 2034, By Vertical
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2024 to 2034
6.3.1. Food
6.3.2. Beverages
6.3.3. Pharmaceuticals
6.3.4. Home Products and Fabrics
6.3.5. Cosmetics and Beauty Care
6.3.6. Others
6.4. Y-o-Y Growth Trend Analysis By Vertical, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Vertical, 2024 to 2034
7. Global Market Analysis 2019-2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019-2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Services
8.2.3. By Vertical
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Services
8.3.3. By Vertical
8.4. Key Takeaways
9. Latin America Market Analysis 2019-2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Services
9.2.3. By Vertical
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Services
9.3.3. By Vertical
9.4. Key Takeaways
10. Western Europe Market Analysis 2019-2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Services
10.2.3. By Vertical
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Services
10.3.3. By Vertical
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019-2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Services
11.2.3. By Vertical
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Services
11.3.3. By Vertical
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Services
12.2.3. By Vertical
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Services
12.3.3. By Vertical
12.4. Key Takeaways
13. East Asia Market Analysis 2019-2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Services
13.2.3. By Vertical
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Services
13.3.3. By Vertical
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Services
14.2.3. By Vertical
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Services
14.3.3. By Vertical
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Services
15.1.2.2. By Vertical
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Services
15.2.2.2. By Vertical
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Services
15.3.2.2. By Vertical
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Services
15.4.2.2. By Vertical
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Services
15.5.2.2. By Vertical
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Services
15.6.2.2. By Vertical
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Services
15.7.2.2. By Vertical
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Services
15.8.2.2. By Vertical
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Services
15.9.2.2. By Vertical
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Services
15.10.2.2. By Vertical
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Services
15.11.2.2. By Vertical
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Services
15.12.2.2. By Vertical
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Services
15.13.2.2. By Vertical
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Services
15.14.2.2. By Vertical
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Services
15.15.2.2. By Vertical
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Services
15.16.2.2. By Vertical
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Services
15.17.2.2. By Vertical
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Services
15.18.2.2. By Vertical
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Services
15.19.2.2. By Vertical
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Services
15.20.2.2. By Vertical
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Services
15.21.2.2. By Vertical
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Services
15.22.2.2. By Vertical
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Services
15.23.2.2. By Vertical
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Services
16.3.3. By Vertical
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Unicep Packaging
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Summit Container
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Genco
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Stamar Packaging
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Sharp Packaging
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Jones Packaging
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Aaron Thomas Company Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. DHL
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Green Packaging Asia
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Co-Pak Packaging
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.11. Assemblies Unlimited Inc.
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.12. Deufol
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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