The global contract packaging market size was US$ 52.1 billion in 2021. The global contract packaging market size is estimated to reach US$ 94.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
Contract packaging, also called co-packaging, is a packaging service provided by packaging companies to different manufacturers. It widely includes package design and product packaging and may also include warehousing and distribution of products.

Factors Influencing Market Growth

• The increase in disposable income, growth in population, and favorable government policies toward businesses in several nations drive the overall market growth.
• The increase in the e-commerce sector has also been instrumental in rising the need for tertiary packaging around the globe which propels the overall market growth.
• The rise in the number of small and medium-scale companies around the globe and the advantages provided by contract packaging companies are expected to propel the overall market growth.

Effect of the COVID-19 Pandemic

COVID-19 had a severe impact on the growth of the overall market, due to limitations on production activities. In addition, the economic delay decreased the purchasing capacity of the masses and adversely influenced the need for personal care products. Thus, hindering the growth of the overall market.

Regional Insights

Asia-Pacific had the highest market share and is expected to hold this position during the analysis period, due to the rise in need in the food and consumer goods and beverages industry. In addition, the government has administered many norms and rules for pharmaceutical packaging and labeling drugs in the region, which propels the overall market growth.
Leading Competitors
The prominent players in the global contract packaging market are:
• Wepackit Inc.
• Silgan Holdings
• Sterling Contract Packaging
• Stamar Packaging
• Sonic Packaging Industries
• Hollingsworth
• Jones Packaging
• Kelly Products
• Assured Edge Solutions
• Assemblies Unlimited Inc
• Others
Segmentation Analysis
The global contract packaging market segmentation focuses on Packaging Type, Material, End User Industry, and Region.
Segmentation on the basis of Packaging Type
• Secondary
• Tertiary
• Primary

Segmentation on the basis of Material
• Glass
• Paper and paperboard
• Plastic
• Metal

Segmentation on the basis of End User Industry
• Personal Care
• Food and Beverage
• Pharmaceutical
• Electronics
• Others

Segmentation on the basis of Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America