The contract packaging industry is booming with a projected global market value of $120.5 billion by 2030, revealing how behind-the-scenes co-packers are powering the products we use every day.
Key Takeaways
- The global contract packaging market size was valued at USD 68.4 billion in 2023 and is projected to grow at a CAGR of 7.8% from 2024 to 2030, reaching USD 120.5 billion by 2030.
- North America's co-packing industry generated revenue of USD 18.2 billion in 2022, accounting for 28% of the global market.
- The Europe contract packaging market is expected to register a CAGR of 6.5% during the forecast period 2023-2028, driven by sustainable packaging demands.
- Food and beverages held 41.3% revenue share in the global contract packaging market in 2023.
- Pharmaceutical co-packing segment accounted for 22.7% of the market in 2022, valued at USD 14.9 billion.
- Consumer goods co-packing services generated USD 12.4 billion in 2023, representing 18% market share.
- North America food co-packing market was USD 10.5 billion in 2023, 32% of regional total.
- Europe pharmaceutical co-packing valued at EUR 8.2 billion (USD 9.1B) in 2022.
- Asia-Pacific beverage co-packing segment generated USD 7.8 billion in 2023.
- Sonoco Products Company holds 4.2% share in global co-packing market in 2023.
- Amcor plc generated USD 14.7 billion in contract packaging related revenues in FY2023.
- Berry Global Inc. co-packing division reports 12% market share in North America plastics.
- 72% of co-packers adopted sustainable packaging materials by 2023.
- Automation in co-packing lines increased productivity by 35% on average from 2020-2023.
- 58% growth in demand for flexible packaging co-packing services 2018-2023.
The global co-packing market is growing robustly, led by food and pharmaceutical demand.
Key Players and Market Share
1Sonoco Products Company holds 4.2% share in global co-packing market in 2023.
Verified2Amcor plc generated USD 14.7 billion in contract packaging related revenues in FY2023.
Verified3Berry Global Inc. co-packing division reports 12% market share in North America plastics.
Verified4Tetra Pak International S.A. leads liquid packaging co-packing with 18% global share.
Directional5Winpak Ltd. has 3.8% share in flexible packaging co-packing segment 2023.
Single source6Hood Packaging Corporation's annual co-packing revenue USD 1.2 billion in 2023.
Verified7ProAmpac Holdings leads in sustainable co-packing with 5.1% market share.
Verified8Constantia Flexibles Group AG holds 2.9% share in Europe co-packing market.
Verified9Coveris Holdings S.A. co-packing revenues EUR 2.1 billion (USD 2.3B) in 2022.
Directional10Huhtamaki Oyj 4.5% global share in food co-packing services.
Single source11Scholle IPN Corporation 2.7% share in pouch co-packing.
Verified12DS Smith plc 3.4% Europe market share in co-packing.
Verified13Sealed Air Corporation 4.1% share in protective co-packing.
Verified14Mondi Group 3.9% share in paper-based co-packing.
Directional15Graphic Packaging International 2.5% market share.
Single source16Ball Corporation 1.8% share in metal co-packing.
Verified17WestRock Company 3.2% share in corrugated co-packing.
Verified18Smurfit Kappa Group 4.0% Europe share.
Verified19Owens-Illinois 2.2% glass co-packing share.
Directional20RPC Group (Berry) 5.3% flexible share.
Single sourceKey Players and Market Share Interpretation
The global co-packing market is a mosaic of specialized giants, where the real prize isn't just a piece of the pie but becoming the undisputed champion of your particular slice, whether it’s squeezing liquids, shaping plastics, or wrapping sustainably.
Market Size and Growth
1The global contract packaging market size was valued at USD 68.4 billion in 2023 and is projected to grow at a CAGR of 7.8% from 2024 to 2030, reaching USD 120.5 billion by 2030.
Verified2North America's co-packing industry generated revenue of USD 18.2 billion in 2022, accounting for 28% of the global market.
Verified3The Europe contract packaging market is expected to register a CAGR of 6.5% during the forecast period 2023-2028, driven by sustainable packaging demands.
Verified4Asia-Pacific co-packing market revenue stood at USD 22.1 billion in 2023, with a projected CAGR of 9.2% through 2032.
Directional5U.S. contract packagers reported average annual revenue growth of 5.4% from 2018 to 2023.
Single source6The global co-packing market for pharmaceuticals reached USD 15.7 billion in 2022, growing at 8.1% CAGR.
Verified7Contract packaging services in the food sector valued at USD 32.5 billion globally in 2023.
Verified8Latin America co-packing market is anticipated to grow from USD 4.8 billion in 2023 to USD 7.9 billion by 2030 at 7.3% CAGR.
Verified9Middle East & Africa contract packaging industry size was USD 3.2 billion in 2022 with 6.9% projected CAGR.
Directional10The primary packaging segment dominated the co-packing market with 62% share in 2023.
Single source11Global co-packing market CAGR projected at 7.2% from 2024-2032.
Verified12U.S. co-packing profit margin averaged 6.8% in 2023.
Verified13Southeast Asia co-packing market to grow 11.5% CAGR to 2030.
Verified14Middle East co-packing CAGR 8.4% projected 2024-2028.
Directional15Africa co-packing market USD 1.5 billion in 2023.
Single source16Global co-packing entered 2024 with 4.3% YoY growth Q1.
VerifiedMarket Size and Growth Interpretation
The global market for contract packaging is exploding, projected to nearly double to over $120 billion by decade's end, revealing that companies worldwide are increasingly willing to pay a premium to outsource their boxing, shrink-wrapping, and pharmaceutical blister-packing to specialists, particularly in high-growth regions like Asia-Pacific.
Product Segments
1Food and beverages held 41.3% revenue share in the global contract packaging market in 2023.
Verified2Pharmaceutical co-packing segment accounted for 22.7% of the market in 2022, valued at USD 14.9 billion.
Verified3Consumer goods co-packing services generated USD 12.4 billion in 2023, representing 18% market share.
Verified4Beverage co-packing sub-segment grew at 8.5% CAGR from 2019-2023.
Directional5Personal care products segment in co-packing reached USD 8.6 billion in 2023 with 14% share.
Single source6Frozen and refrigerated food co-packing valued at USD 9.2 billion globally in 2022.
Verified7E-liquid and vaping products co-packing market size was USD 1.8 billion in 2023.
Verified8Dairy products contract packaging segment held 11.5% share in 2023.
Verified9Pet food co-packing revenues reached USD 4.1 billion in 2022, growing 7.2% annually.
Directional10Healthcare and nutraceuticals co-packing segment at USD 7.3 billion in 2023.
Single source11Contract packaging for cosmetics reached USD 5.6 billion in 2023.
Verified12Rigid packaging segment 38% share in co-packing market 2023.
Verified13Snack foods co-packing USD 6.8 billion globally 2023.
Verified14Meat & poultry co-packing segment USD 4.9 billion 2023.
Directional15Bakery products co-packing USD 3.7 billion 2023.
Single source16Global secondary packaging co-packing USD 18.9 billion 2023.
Verified17Tertiary packaging segment 12% share in co-packing 2023.
Verified18Sauces & condiments co-packing USD 2.4 billion 2023.
Verified19Confectionery co-packing segment USD 3.1 billion 2023.
Directional20Plant-based meat co-packing USD 1.7 billion 2023.
Single sourceProduct Segments Interpretation
The co-packing industry is less about someone else doing your dirty work and more about letting you focus on creating the perfect snack, pill, or potion while the experts handle the equally important work of actually getting it into a box someone wants to buy.
Regional Statistics
1North America food co-packing market was USD 10.5 billion in 2023, 32% of regional total.
Verified2Europe pharmaceutical co-packing valued at EUR 8.2 billion (USD 9.1B) in 2022.
Verified3Asia-Pacific beverage co-packing segment generated USD 7.8 billion in 2023.
Verified4U.S. co-packing industry employs 45,200 people as of 2023.
Directional5China contract packaging market size USD 15.4 billion in 2023, largest in APAC.
Single source6Germany co-packing revenues at EUR 4.5 billion (USD 5.0B) in 2022.
Verified7India co-packing market growing at 10.2% CAGR, valued at USD 3.9 billion in 2023.
Verified8Brazil contract packaging industry size USD 2.7 billion in 2023.
Verified9UK co-packing market share 12% of Europe, USD 3.8 billion in 2022.
Directional10Mexico co-packing revenues USD 1.9 billion in 2023, 8% regional growth.
Single source11Canada co-packing market USD 2.4 billion in 2023.
Verified12France co-packing industry employs 12,500 workers in 2023.
Verified13Australia co-packing revenues AUD 1.8 billion (USD 1.2B) 2023.
Verified14Japan co-packing market USD 4.2 billion, 9.8% CAGR.
Directional15Italy co-packing revenues EUR 2.8 billion 2022.
Single source16South Korea co-packing USD 2.1 billion 2023.
Verified17Spain co-packing market growth 7.1% annually.
Verified18Netherlands co-packing employs 8,200 in 2023.
Verified19Argentina co-packing USD 0.9 billion 2023.
Directional20U.S. Midwest co-packing hub 25% national capacity.
Single source21Poland co-packing market EUR 1.2 billion 2022.
VerifiedRegional Statistics Interpretation
While billions are being boxed and bagged worldwide, from America's massive meals to Europe's precise pills and Asia's bustling beverages, it's clear the co-packing industry is proving that outsourcing your output is far from an empty package.
Trends and Innovations
172% of co-packers adopted sustainable packaging materials by 2023.
Verified2Automation in co-packing lines increased productivity by 35% on average from 2020-2023.
Verified358% growth in demand for flexible packaging co-packing services 2018-2023.
Verified4Rise of e-commerce drove 22% increase in co-packing for shippable pouches in 2023.
Directional565% of co-packers implemented IoT for real-time monitoring by end of 2023.
Single source6Biodegradable packaging adoption in co-packing up 41% year-over-year in 2023.
Verified7Personalized packaging via co-packers grew 28% in consumer goods segment 2023.
Verified847% of industry shifted to recyclable materials in primary co-packing by 2023.
Verified9AI-driven quality control adopted by 39% co-packers, reducing defects by 25%.
Directional10Ready-to-eat meals co-packing demand surged 33% post-2020 pandemic.
Single source1155% co-packers report supply chain optimization as top trend.
Verified12Vegan product co-packing demand up 52% since 2020.
Verified13Robotics integration in co-packing up 62% by 2023.
Verified14Clean label packaging trend adopted by 68% co-packers.
Directional15Microplastics reduction initiatives in 49% co-packers.
Single source16Blockchain traceability used by 27% co-packers 2023.
Verified1776% co-packers focus on reducing plastic use.
Verified18Vertical farming product co-packing up 19%.
Verified19AR/VR for packaging design in 14% co-packers.
Directional20Energy-efficient machinery in 61% facilities.
Single sourceTrends and Innovations Interpretation
The co-packing industry is sprinting into the future by automating its way to efficiency, dressing everything in sustainable materials to appease a planet-conscious market, all while deftly packing the endless stream of personalized vegan meals and shippable pouches demanded by our new, digital-first world.
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