Analysts predict 7% CAGR for co-packing through 2033

The global external manufacturing market is accelerating, but what is driving this growth?

The rapid evolution of manufacturing and packaging capabilities and services is driving growth.
The rapid evolution of manufacturing and packaging capabilities and services is driving growth.
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The global contract packaging market is accelerating, fueled by demand for flexible, cost-efficient solutions. A new report from Market Minds Advisory projects growth from $70.2 billion in 2026 to $112.7 billion by 2033—about a 7% CAGR.

What’s fueling the expansion?
Outsourcing is the main driver. Brands are turning to contract packagers to cut capital costs, streamline operations, and stay focused on core competencies.

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