Contract Packaging Market Size & Share, by Packaging Type (Primary, Secondary, Tertiary), Material (Glass, Paper & Paperboard, Plastic, Metal), Application (Food & Beverages, Home Products, Pharmaceuticals, Fabrics, Cosmetics, Skin & Hair Care) - SWOT Analysis, Competitive Strategic Insights, Regional Trends 2025-2037

  • Report ID: 809
  • Published Date: Jan 17, 2025
  • Report Format: PDF, PPT

Global Contract Packaging Market Trends, Forecast Report 2025-2037

Contract Packaging Market size is set to increase from USD 58.98 billion to USD 169.83 billion, registering a CAGR of around 8.4% during the forecast period, from 2025 to 2037. In the year 2025, the industry size of contract packaging is estimated at USD 62.99 billion.

The market growth can be ascribed to spiking export value across the globe, increasing the e-commerce industry, and growing population. As of 2021, the trade in goods touched off an export value of approximately USD 22,000 billion, up from USD 18,000 billion in 2018.

Rising production of graphic paper, and higher demand for make-up, and other beauty products are predicted to influence the market revenue. The total production of graphic paper was estimated to be around 96,000 metric tons in 2020. Additionally, increasing export and import of paper and paperboard will boost the market growth. The export volume of paper and paperboard was noticed to be around 14 million metric tons solely from Germany in 2022.


Contract Packaging Market overview
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Contract Packaging Sector: Growth Drivers and Challenges

Growth Drivers

  • Higher Utilization of Contract Packaging in the Pharmaceutical Industry- The pharmaceutical industry across the globe was projected to generate total revenue of USD 1.5 trillion in 2021.
  • There are multiple sorts of compounds and chemicals used in making medicines or developing drugs. Many of them can decay if they are left open without proper packaging. Medicine is supplied globally and it must contain the optimum pharmaceutical effects. Hence, many contract packaging firms are currently working to offer the labeling and packaging of drugs.
  • Growing Demand for Paper & Paperboard Owing to Rising Use- As of 2020, the total production of paper and paperboard was projected to be about 250,000 metric tons which was an increase from nearly 200,000 metric tons in 2018.
  • Rising Sales of Household Products with the Increasing Exports- For instance, it was observed that an average consumer spends approximately 750 U.S. dollars on household supplies annually.
  • Increasing Inclination of the Global Population Toward Skin & Hair Care- In 2022, the skin care segment was valued at approximately USD 150 billion.
  • Skyrocketing Online Purchases to Boost the Market Growth- It was noticed that more than 28% people of the global population purchased goods online in 2020.

Challenges

  • Lack of Required Workforce and Awareness
  • Need for Higher Initial Investment
  • Disrupted Supply-Chain due to COVID-19
  • The shortage of supply and disruption of production, the reduced workforce also have a negative impact on the market. A growing number of restrictions and social distancing regulations are estimated to hamper the market growth.

Base Year

2024

Forecast Year

2025-2037

CAGR

8.4%

Base Year Market Size (2024)

USD 58.98 billion

Forecast Year Market Size (2037)

USD 169.83 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

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Contract Packaging Segmentation

Application (Food & Beverages, Home Products, Pharmaceuticals, Fabrics, Cosmetics, Skin & Hair Care)

The food & beverages segment in the contract packaging market is projected to observe health CAGR during the forecast period, impelled by rising number of people suffering from hunger, increasing packaging regulations in food and beverages, growing packaging industries, and increasing consumer goods are boosting the demand for food. For instance, the food segment in 2022 was estimated to reach approximately USD 15 billion worldwide.

Our in-depth analysis of the global contract packaging market includes the following segments:

         By Packaging Type

  • Primary
  • Secondary
  • Tertiary

         By Material

  • Glass
  • Paper & Paperboard
  • Plastic
  • Metal
  • Others

        By Application

  • Food & Beverages
  • Home Products
  • Pharmaceuticals
  • Fabrics
  • Cosmetics
  • Skin & Hair Care
  • Others

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Contract Packaging Industry - Regional Synopsis

North America Market Forecast

North America region contract packaging market is estimated to account for largest revenue share by the end of 2037. The growth of the market can be ascribed to rising demand for beauty products, the increasing number of heterosexual men using make-up, increasing acquisitions and geographical expansions, and others. It was observed that the cosmetics segment in the United States reached around USD 18 billion in 2022 while the revenue generated per person was estimated to be about 50 U.S. dollars.

Research Nester
Contract Packaging Market size
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Companies Dominating the Contract Packaging Landscape

    • Industrial Quick Search, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Unicep Packaging, LLC
    • Sonic Packaging Industries
    • Genco Organics Pvt. Ltd
    • Kelly Products Incorporated
    • Sharp Packaging Services, LLC
    • Sterling Contract Packaging, Inc.
    • Jones Packaging Group
    • Wepackit, INC
    • Assemblies Unlimited, Inc.

In the News

  • Jones Packaging Group to collaborate with California Pharmacists Association and becomes the first Canadian corporate partner. California Pharmacists Association is focused on promoting health and represents thousands of pharmacies.

  • Sonic Packaging Industries to make an announcement regarding its launch of a new system of Enterprise Resource Planning (ERP) system, NetSuite. This system is capable of supporting long-term growth strategy and increasing the work efficiency of the company.

Author Credits:   Abhishek Anil


  • Report ID: 809
  • Published Date: Jan 17, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of contract packaging is estimated at USD 62.99 billion.

The contract packaging market size was over USD 58.98 billion in 2024 and is poised to exceed USD 169.83 billion by the end of 2037, growing at over 8.4% CAGR during the forecast period i.e., between 2025-2037. Higher utilization of contract packaging in the pharmaceutical industry will drive the market growth.

North America industry is projected to hold majority revenue share by 2037, impelled by rising demand for beauty products, the increasing number of heterosexual men using make-up, increasing acquisitions and geographical expansions in the region.

The major players in the market include Industrial Quick Search, Inc., Unicep Packaging, LLC, Sonic Packaging Industries, Genco Organics Pvt. Ltd, Kelly Products Incorporated, Sharp Packaging Services, LLC, Sterling Contract Packaging, Inc., Jones Packaging Group, Wepackit, INC, Assemblies Unlimited, Inc.
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