Contract Packaging Market is Estimated to Reach USD 98.71 billion by 2030: Cognitive Market Research

Market Overview:
- The process of putting together a good or product into its final finished packaging is referred to as contract packaging, sometimes known as co-packing. As it is tailored to the precise extent of the product packaging, which varies widely across the retail, commercial, and trade industries, contract packaging can be a straightforward or complicated procedure.

Summary:
- The Global Contract Packaging market size was valued at $58.1 billion in 2022 and is projected to reach $98.71 billion by 2030, growing at a CAGR of 5.93% from 2022 to 2030. North America is the largest market for the global contract packaging market.

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Market Dynamics:
- The growing food & beverage industry and the growth of the pharmaceutical industry are the key driving factors for the contract manufacturing market. Further, increasing production of FMCG products also fuels the growth of the global contract packaging market. The increasing popularity of e-commerce platforms can create lucrative opportunities in the future. However, quality control issues regarding contract packaging can hamper the growth of the market.

Market Segmentation:
- Type of Packaging
• Primary
• Secondary
• Tertiary

- Type of Material
• Bottling
• Bagging/ Pouching
• Lot/ Batch & Date Coding
• Boxing & Cartoning
• Wrapping & Bund
• Labelling
• Clamshell & Blister
• Others

- End-use Industry
• Food & Beverage
• Pharmaceuticals
• Cosmetics
• Agriculture
• Personal Care
• Others

- Competitive Analysis for Contract Packaging Market: Deufol, FedEx, Stamar Packaging, Unicep, Sonoco, Multi Pack Solutions, Multi Pack Solutions, Summit, Marsden Packaging, Cascata Packaging.

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- North America holds the largest market share for the contract packaging market. This is due to the increasing consumption of RTE food products, and the growing pharmaceutical industry. On the other hand, Asia Pacific is anticipated to offer lucrative opportunities in the forecast period, owing to the changing lifestyle, increasing spending capacity, and growing industrialization. People are shifting towards a modern lifestyle, which is also fuelling the growth of the market.

News
- MSI Express Acquired Power Packaging (December 2019)
MSI Express, backed by HCI Equity Partners, announced it acquired Power Packaging. MSI Express is a provider of contract packaging and contract manufacturing services, primarily for well-known brands in the shelf-stable human and pet food space. The acquisition of Power further expands MSI Express's presence, capabilities, and customer relationships.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Contract Packaging Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
• 3.1 Global Contract Packaging Market Size 2018 - 2030, (USD Million)
• 3.2 Global Contract Packaging Market: Snapshot
Chapter 4 Global Contract Packaging Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Contract Packaging Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Contract Packaging Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Contract Packaging Market Regional Analysis
Chapter 11 North America Contract Packaging Market Outlook (2018 - 2030)
Chapter 12 Europe Contract Packaging Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Contract Packaging Market Outlook (2018 - 2030)
Chapter 14 Latin America Contract Packaging Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Contract Packaging Market Outlook (2018 - 2030)
Chapter 16 Research Findings
FULL TOC: https://www.cognitivemarketresearch.com/contract-packaging-market-report#table_of_contents

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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