The Global Contract Packaging Market, valued at $52.1 billion in 2021, is projected to reach $102.8 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031. Contract packaging, or co-packaging, involves third-party firms providing services like package design, product packaging, storage, and distribution for manufacturers. This service is vital as packaging protects products during transportation and shelf life but requires significant resources. Contract packaging firms offer expertise, reducing costs for manufacturers, especially small and medium-scale businesses.

The rise of e-commerce has increased demand for tertiary packaging, boosting the market. Industries like pharmaceuticals, consumer goods, food and beverages, and electronics are driving growth due to rising disposable incomes, population growth, and favorable government policies. Technological advancements, such as smart, anti-microbial, and sustainable packaging (e.g., water-soluble and corn starch-based), are creating new opportunities.