How big is the Contract Packaging Market?

The Contract Packaging Market size is expected to reach USD 73.32 billion in 2024 and grow at a CAGR of 8.69% to reach USD 111.22 billion by 2029. Read More

What is the current Contract Packaging Market size?

In 2024, the Contract Packaging Market size is expected to reach USD 73.32 billion. Read More

Who are the key players in Contract Packaging Market?

Aaron Thomas Company, Multipack Solutions LLC, Pharma Tech Industries Inc., UNICEP Packaging LLC and Jones Packaging Inc. are the major companies operating in the Contract Packaging Market. Read More

Which is the fastest growing region in Contract Packaging Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Contract Packaging Market?

In 2024, the North America accounts for the largest market share in Contract Packaging Market. Read More

What years does this Contract Packaging Market cover, and what was the market size in 2023?

In 2023, the Contract Packaging Market size was estimated at USD 66.95 billion. The report covers the Contract Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Contract Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Contract Packaging Market Share

Statistics for the 2023 & 2024 Contract Packaging market share, created by Mordor Intelligence™ Industry Reports. Contract Packaging share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Contract Packaging Industry

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 competitive.

February 2024: American Packaging Corporation (APC), a frontrunner in flexible packaging solutions, launched its latest RE Design for Recycle technology. This innovative packaging is specifically designed for frozen food items, including fruits and vegetables. With this addition, APC's RE sustainable packaging portfolio now boasts a diverse range of technologies, encompassing not only the new Design for Recycle but also the Design for Compost, Circular Content, Renewable Content, and various other Design for Recycle options.
July 2024: Sustainable Packaging Technologies, drawing on the expertise of Banner Chemicals, a materials sciences company under the 2M Group, announced that it was set to prioritize bio-based packaging. Its goal is to curate a portfolio of biomaterial technologies and solutions that seamlessly integrate into current packaging manufacturing processes. Strategic partnerships and investments from Innovate UK and SSPP government funds have bolstered the efforts of Sustainable Packaging Technologies.