How Fast is Contract Packaging Growing?

Quick Insight: Here's the predicted size of the contract packaging market by 2029, according to Mordor Intelligence. What's driving the growth?

Contract packaging market size chart
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.

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