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According to Fortune Business Insights, The contract packaging market size was valued at USD 93.26 billion in 2024. The market value is projected to increase from USD 98.77 billion in 2025 to USD 141.14 billion by 2032, exhibiting a CAGR of 5.23% during the forecast period. Asia Pacific dominated the contract packaging market with a market share of 34.15% in 2024.
Contract packaging refers to the process of outsourcing packaging and assembly of products to third party packaging service providers. This helps companies increase their focus on their core competencies. Availing these packaging services also helps firms decrease their capital investments in specialized packaging machineries, which reduces their financial burden. Outsourcing packaging functions allows companies to reduce capital investments in machinery and facilities, and benefit from economies of scale achieved by the companies. Contract packaging service providers offer the expertise to design and implement customized packaging strategies that meet evolving consumer demands.
Fortune Business Insights™ displays this information in a report titled, "Contract Packaging Market, 2025-2032."
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LIST OF KEY COMPANIES PROFILED IN THE REPORT
Silgan Unicep (U.S.)
Summit Packaging Solutions (U.S.)
Stamar Packaging (U.S.)
Sharp Services, LLC (U.S.)
Aaron Thomas Company Inc. (U.S.)
Green Sustainable Packaging (U.S.)
Co-Pak Packaging Corporation (U.S.)
Assemblies Unlimited Inc. (U.S.)
AmeriPac Inc. (U.S.)
Asiapack Ltd. (China)
Wepackit Inc. (U.S.)
Sterling Contract Packaging Inc. (U.S.)
Pharma Packaging Solutions (U.S.)
The Shippers Group (U.S.)
Sonic Packaging Industries (U.S.)
Segmentation:
Plastic Material Gains Notable Traction Due to Various Benefits
Based on material type, the market is segmented into plastic, glass, paper & paperboard, and others. The plastic segment holds the largest contract packaging market share as this material has several attractive properties, such as high versatility and flexibility, making it a highly preferred packaging material in various industries.
Key Role in Product Protection Makes Secondary Packaging Popular Among Customers
Based on packaging type, the market is segmented into primary packaging, secondary packaging, and tertiary packaging. The secondary packaging segment holds a majority part due to its major role in protecting the product’s quality and integrity from external elements, such as temperature changes and moisture.
Food & Beverage Industry is Major End-User Due to Varied Packaging Requirements of Different Products
Based on end-use industry, the market is segmented into food & beverage, personal care & cosmetics, pharmaceuticals, electronics, e-commerce, and others. The food & beverage segment is dominating the market due to the diverse packaging requirements of a wide range of products manufactured in this industry.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report analyzes the market in detail and highlights several key aspects, such as leading product types, packaging types, end-users, and top market players. It also offers important information regarding the top industry developments and latest market trends. Besides the factors listed above, the report covers many other factors that have fueled the market’s growth.
Drivers and Restraints:
Growing Outsourcing of Packaging Services by Manufacturers to Spur Market Progress
An increasing number of companies in various industries are outsourcing their product packaging functions to help them increase their focus on their core operations. They are realizing the potential benefits of using contract packaging services, such as reduced cost, access to specialized expertise of packaging professionals, and proper utilization of resources. These benefits are encouraging firms to avail the services of contract packagers to enhance their business performance.
However, strict regulations on the use of plastics in packaging can hinder the contract packaging market growth.
Regional Insights:
Asia Pacific Dominates Global Market Due to Expansion of Leading Sectors
Asia Pacific is dominating the global market as some of the leading industries, such as manufacturing, pharmaceuticals, and food & beverage are growing at a notable pace, offering more growth opportunities to contract packaging service providers.
North America is the second-dominating region in the market due to the presence of a strong regulatory framework and strict quality standards.
Information Source: https://www.fortunebusinessinsights.com/contract-packaging-market-106869
Competitive Landscape:
Leading Companies to Launch Innovative Packaging Solutions to Expand Business Operations
The market has a highly fragmented competitive landscape as a small percentage of reputed companies are dominating the market by introducing smart packaging solutions for their customers. Some of the key market players include Summit Packaging Solutions, Silgan Unicep, Stamar Packaging, Aaron Thomas Company Inc., Sharp Services, LLC, and others.
Notable Industry Development:
October 2023 – Sharp, a global leader in commercial pharmaceutical packaging and clinical trial supply services, announced the acquisition of Berkshire Sterile Manufacturing (BSM). BSM is a Massachusetts-based fill-finish Contract Development and Manufacturing Organization (CDMO) for clinical and commercial sterile injectable products.
August 2023 – The Shippers Group partnered with Pacific Coast Producers to stock the shelves of local food banks.
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