Source: Mordor Intelligence
A recent report from Mordor Intelligence projects the contract packaging market will leap from an estimated $73.32 billion in 2024 to a whopping $111.22 billion by 2029.
Mordor attributes a forecasted compound annual growth rate (CAGR) of 8.69% in the sector to brands’ appeal of outsourcing, as co-packers offer them benefits like consistent quality and cost savings, among other factors.
