Latest News- Contract Packaging Market: Food and beverages is expected to lead the End-user segment during 2025-2029

The Contract Packaging Market is being driven by Total cost of ownership (TCO) advantage by contract packaging

The Contract Packaging Market is expected to grow at a CAGR of 6.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 24.9 billion. In the dynamic e-commerce industry, where consumer satisfaction is paramount, product protection through quality packaging is non-negotiable. Damage during shipping or transportation not only results in dissatisfied customers, but also potential loss of repeat business and negative public perception. The internet, a powerful tool for consumer feedback, can swiftly tarnish a supplier's reputation. E-commerce companies must absorb the additional costs of returns and invest in robust packaging solutions to mitigate risks and ensure customer satisfaction. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Food and beverages
  • Consumer goods
  • Personal care
  • Pharmaceutical
  • Others
• Type
  • Primary
  • Secondary
  • Tertiary
• Material
  • Plastics
  • Paper and paperboard
  • Metal
  • Glass
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Total cost of ownership (TCO) advantage by contract packaging
• Growing automotive market in emerging economies
• Increasing demand of packaged product

However, the market also witnesses some limitations, which are as follows:

• Growing demand of in-house packaging
• Increasing regulations for plastic packaging
• Fluctuations in price of raw materials

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Market Scope in Contract Packaging Market Research Report

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Research Analysis Overview

In the Contract Packaging Market, key focus areas include the selection of optimal packaging materials, efficient line optimization, cost reduction, adherence to regulatory compliance, regular machinery maintenance, collaboration with packaging equipment suppliers, and effective project management. Supply chain optimization, waste recycling, and innovative packaging design are also crucial. High-speed machines, custom solutions, automated systems, quality assurance testing, and reliable partnerships are essential for efficient processes. Flexible formats, material handling equipment, and product handling techniques are also vital considerations, along with pricing, performance metrics, line capacity, validation, layout, artwork management, and line layout.

Market Research Overview

In the dynamic contract packaging market, businesses seek flexible solutions that cater to their unique packaging requirements. Our services encompass a range of offerings, from primary packaging using metal, glass, and plastic containers sourced from reputable suppliers of steel, aluminum, tin, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC), to secondary packaging options and innovative packaging design capabilities. Our integrated approach ensures a streamlined supply chain, from raw material procurement to distribution, enabling us to deliver high-quality packaging solutions efficiently and effectively to our clients.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/