Contract Packaging Market Outlook:
Contract Packaging Market size was over USD 74.58 billion in 2024 and is projected to reach USD 142.65 billion by 2034, growing at around 6.7% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of contract packaging is assessed at USD 78.83 billion.
Key Contract Packaging Market Insights Summary
The contract packaging market in the North America region is expected to hold the largest revenue share by the conclusion of 2037.
During the forecast period, the food & beverages segment in contract packaging is anticipated to experience a healthy CAGR.
Key Growth Trends:
- Higher Utilization of Contract Packaging in the Pharmaceutical Industry
- Growing Demand for Paper & Paperboard Owing to Rising Use
Key Players:
- 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.
Market Size and Growth Projections
- 2024 Market Size: USD 74.58 billion
- 2025 Market Size: USD 78.83 billion
- Projected Market Size: USD 142.65 billion by 2034
- Growth Forecasts: 6.7% CAGR (2025-2034)
- Largest Region: North America
- Fastest Growing Region: North America
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 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.
Contract Packaging Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2034 |
|
CAGR |
6.7% |
|
Base Year Market Size (2024) |
USD 74.58 billion |
|
Forecast Year Market Size (2034) |
USD 142.65 billion |
|
Regional Scope |
|
Contract Packaging Market Segmentation:
Application Segment Analysis
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 |
|
|
By Material |
|
|
By Application |
|
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Customize this ReportContract Packaging Market Regional Analysis:
North America Market Insights
North America region contract packaging market is estimated to account for largest revenue share by the end of 2034. 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.
Key Contract Packaging Market Players:
- 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.
Recent Developments
-
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.
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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: Jun 13, 2025
- Report Format: PDF, PPT
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Contract Packaging Market Report Scope
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