United States Contract Packaging Market Report and Forecast 2024-2032

United States Contract Packaging Market Report and Forecast 2024-2032

Market Outlook

According to the report, the United States contract packaging market reached a value of USD 22.81 billion in 2023. Aided by the expanding need for innovative packaging solutions across various sectors, including pharmaceuticals, cosmetics, food and beverages, and consumer goods, the market is projected to further grow at a CAGR of 8% between 2024 and 2032 to reach a value of USD 45.86 billion by 2032.

The surge in demand for contract packaging services in the United States is propelled by several key factors. Firstly, the burgeoning e-commerce sector necessitates efficient, durable, and visually appealing packaging to safeguard products during transit and elevate the unboxing experience for consumers. Secondly, the pharmaceutical industry's growth, driven by an aging population and the continuous development of new medications, requires packaging that ensures product integrity, compliance with regulatory standards, and patient convenience. Additionally, the increasing consumer preference for sustainable and eco-friendly packaging solutions is encouraging companies to seek contract packagers with the capability to provide innovative, environmentally responsible packaging options.

The United States contract packaging market growth is further buoyed by technological advancements in packaging machinery and materials. Innovations such as smart packaging, which incorporates QR codes, RFID tags, and other digital elements, offer enhanced product tracking, authenticity verification, and consumer engagement. Moreover, the advent of flexible packaging solutions, offering benefits such as reduced material usage, lower shipping costs, and improved shelf appeal, is facilitating the market's expansion.

The shift towards flexible packaging is a significant trend influencing the United States contract packaging market outlook. This transition is driven by the demand for lightweight, cost-effective packaging options that do not compromise on durability or aesthetic appeal. Flexible packaging solutions, including pouches, bags, and wraps, are increasingly preferred for their convenience, resealability, and reduced environmental footprint, given their lower plastic content compared to rigid packaging.

Another pivotal factor augmenting the United States contract packaging market demand is the escalating emphasis on sustainability. Businesses across all sectors are under mounting pressure from consumers, regulatory bodies, and environmental organisations to adopt sustainable practices. This has led to a heightened demand for contract packaging services that offer recyclable, biodegradable, or compostable packaging options, as well as those that incorporate materials from renewable sources.

Market Segmentation

The market can be divided based on packaging type, material, end use, and region.

Market Breakup by Packaging Type

• Primary
• Secondary
• Tertiary

Market Breakup by Material

• Plastic
• Glass
• Paper and Paperboard
• Metal

Market Breakup by End Use

• Food and Beverage
• Pharmaceutical
• Electronics
• Personal Care
• Others

Market Breakup by Region

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States contract packaging market. Some of the major players explored in the report are as follows:

• Silgan Holdings Inc.
• Aaron Thomas Company, Inc.
• Multi-Pack Solutions LLC
• Pharma Tech Industries
• Reed-Lane, Inc.
• Sharp Services, LLC
• Bell-Carter Packaging, LLC
• Kelly Products Incorporated
• Mattpak Inc.
• Sonic Packaging Industries, Inc.
• Others

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