Contract Packaging Market Size, Trends, Growth & Analysis | 2027

Market Overview:

In 2020, the market for contract packaging was estimated to be worth USD 49.89 billion. By 2026, it is anticipated to have grown to USD 89.74 billion, with a CAGR of roughly 10.18%. (2021–2026). With the COVID-19 pandemic outbreak, the contract packaging market has seen tremendous growth as the e-commerce market has exploded due to lockdown and social distancing norms, where the majority of consumers have been preferring online channels for shopping. Companies have been outsourcing their packaging end to end or standalone services to meet the growing demand.

Scope of the Report:

The process of putting together a good or product into its final, finished packaging is known as contract packaging. Depending on the product, the final packaging can take many different shapes, including a plastic bag, a standing corrugated retail point-of-sale display, a thermoformed/plastic clamshell/blister packaging, or a transport tray. The tasks assigned to contract packagers can range from the straightforward addition of a bar code sticker to a product to the intricate design, creation, and fulfilment of the entire package. The study examines primary packaging, secondary packaging, and tertiary packaging across a range of end-user industries in places like North America, Europe, and other regions.

The scope of the report for the purpose of market estimation on contract packaging excludes the design, testing, fulfillment, and other segments that are outsourced under the contract packaging segment. The study also covers the impact of the COVID-19 pandemic on the market.

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