The contract packaging market is valued at USD 89.55 billion in 2024 and is projected to reach USD 196.93 billion by 2034, rising from USD 96.89 billion in 2025 at a CAGR of 8.2% (2025–2034). Our report quantifies opportunity across regions North America (leading), Europe, Asia Pacific, Latin America, and Middle East & Africa while detailing segmentation by Material (Plastic, Paper & Paperboard, Metal, Glass, Aluminium), Packaging (Primary, Secondary, Tertiary), End User (Food & Beverage, Pharmaceutical, Cosmetic & Personal Care, Household, Industrial, Chemicals, Electronics), and Services (Bottling & Filling, Bagging/Pouching, Lot/Batch/Date Coding, Boxing & Cartoning, Wrapping & Bundling, Labelling, Clamshells & Blisters, Others).
New Advancements in Contract Packaging Industry
- In May 2025, the Board of Directors of Graphic Packaging Holding Company, a leader in environmentally friendly consumer packaging worldwide, authorized a new US$1.5 billion share repurchase. By adding this permission to the July 27, 2023 share repurchase authorization, which still has US$365 million outstanding, the total amount of authorization that is available as of April 30, 2025, is US$1.865 billion. The new authorization permits periodic share repurchases through privately negotiated transactions, open market repurchases, and Rule 10b5-1 arrangements in compliance with relevant securities regulations. Market circumstances, the companys financial health, debt maturities, and cash flow are some of the variables that will affect when repurchases, if any, take place.
- In January 2025, AeroFlexx, a pioneer in environmentally friendly packaging, has partnered with Chemipack Sp. z0.o., a blending and filling business with its headquarters located in Lowicz, Poland. By placing its in-house filling machine at Chemipacks manufacturing facility, AeroFlexx has made it easier for European firms to implement cutting-edge packaging technologies. AeroFlexx and Chemipack are well-positioned to meet the expanding need for environmentally friendly liquid packaging formats in the larger European market thanks to this strategic alliance. The family-run liquid concentrate supplier Chemipack has a track record of extremely effective on-site blending and filling processes, and it can produce and fill more than 100 million liters of liquids a year.
- In March 2025, Aenova, a manufacturer and contract developer for the healthcare and pharmaceutical sectors, has increased the size of its Bad Ailing location. The site provides a high-volume, contemporary infrastructure for the production of blister packaging and effervescent products, with a total investment of almost 20 million euros in new production and packaging lines. The investment will be used to upgrade the equipment at the Bad Aibling location, the competence center for third-party and blister packaging, and the large production volumes of effervescent goods within the Aenova network.
Recent Developments
- Kenco, a top company in third-party logistics services, revealed the official launch of its Contract Packaging Division, an investment approach covering secondary packaging. This stretch of the companys contract packaging delivers further simplification and operations that strengthen Kencos position as a one-stop shop for supply chain management.
- On 5 July 2025, Sanner revealed its production in Greensboro, NC. The latest facility is dedicated to generating complicated-injected elements for medical devices and pharmaceutical packaging, as well as the desiccant industry.
- On 2 May 2025, the CCT TRUETemp Natural sippers became a curbside recyclable, universal solution that integrates robust thermal performance, cost-effectiveness, and operational efficiency, all while reinforcing CCT commitment to invention and sustainability in cold chain logistics.
- On 4 June 2025, Matryoshka which is an iconic Russian nesting doll with Chairing the Contract Packaging Organization and Contract Development And Manufacturing Organization manage at the Pharmapack-2025.
- On 28 October 2024, Himalaya Food International Ltd which is officially known as Indias largest frozen and canned food sector procedure company with a concentration on generating high-quality French Fries and other food products as the company is loyal to serving clean and every natural products that users want to consume.
Contract Packaging Market Companies
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