Expansion Projects to Meet Demand in Global Contract Packing Service Market

Global contract packaging market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2024-2031). The growing demand for packaging across several end-user industries is a key factor driving the growth of the global contract packaging market. Therefore, major players are expanding their packaging facilities to meet the growing demand for packaging services global market. For instance, in February 2024, The Ritedose Corp. announced a multi-phased expansion project totaling more than $81 million over four years. When complete, the campus will house nearly 500,000 sq. ft. of space dedicated to the manufacturing, packaging and distribution of pharmaceuticals. The Ritedose Corp. produces sterile, single-dose medication, serving the contract development manufacturing, generics and 503B outsourcing markets. The company’s customers range from small startups and retail pharmacies to large pharmaceutical companies, wholesalers and hospital systems. Further,

Browse the full report description of “Contract Packaging Market Size, Share & Trends Analysis Report by Material (Plastics, Paper & Paperboard, Glass, Metal, and Others), by Type (Primary, Secondary, and Tertiary), By End-Use (Food & Beverage, Pharmaceutical, Personal Care & Cosmetics, Retail, E-commerce, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/contract-packaging-market

In August 2023, TSG Partners with Pacific Coast Producers to Stock the Shelves of Local Food Banks. Pacific Coast Producers, brought up the opportunity for a collaborative project for one of their inbound shipments for contract packaging. 

Furthermore, in August 2022, Sharp will collaborate with ClinsChain – who specialize in providing clinical supply services for local and global clinical trials – to facilitate access to the Chinese market for Sharp’s pharma and biopharma clients, while also helping Chinese innovators to globalize their reach.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Material

o By Type

o By End-use

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes Hollingsworth, Assured Edge Solutions, Deufol, Aaron Thomas Company Inc., and Sonic Packaging Industries among others. 

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Contract Packaging Market Report Segment

By Material

• Plastics
• Paper & Paperboard
• Glass
• Metal
• Others

By Type

• Primary
• Secondary
• Tertiary

By End-use

• Food & Beverage
• Pharmaceutical
• Personal Care & Cosmetics
• Retail
• E-commerce
• Others

Global Contract Packaging Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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