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Some major players operating in the contract packaging market are
These players are focused on strategic partnerships and new packaging solution launches & commercialization for market expansion. They are heavily investing in research to introduce innovative solutions and garner maximum revenue in the market.
Pharmaceutical segment held a market share of over 20% in 2022 and is expected to grow at a significant rate through 2032, due to the increasing demand for specialized packaging & labeling that is compliant with stringent regulations.
Market size for contract packaging was valued at over USD 45 billion in 2022 and is anticipated to grow at a CAGR of over 6% between 2023 and 2032, owing to focus among enterprises to leverage the expertise & resources of contract packaging providers, leading to cost savings, increased efficiency, and improved productivity.
Aaron Thomas Company Inc., Ameripac Inc., Assemblies Unlimited Inc. Deufol SE, and DHL are some key players in contract packaging business.
North America dominated the global contract packaging industry with over 35% share in 2022, attributed to the presence of strong manufacturing and retail industries in the region, along with high demand for efficient & customized packaging solutions, increasing outsourcing trends, and a focus on sustainability.