Report: Contract Packaging Industry Worth $25.67 Billion and Growing

Just-released State of the Industry Report from the Contract Packaging Association provides data, insights, research, and perspectives from 120 CEOs and senior industry executives. Learn more during an April 5 webinar.

The Contract Packaging Association (CPA) has released its State of the Industry Report, a comprehensive benchmark study that provides valuable insights for anyone involved in the industry. The report combines 100-question interviews with more than 120 CEOs and senior industry executives with primary and secondary research, making it a valuable planning tool for anyone connected to the industry.

In a webinar scheduled for April 5 from 11 a.m. to 12 p.m. CST, Carl Melville, COO of The Melville Group, the company responsible for conducting the survey, will discuss business trends driving innovation—including sustainability and the impact of globalization—along with an industry snapshot and key metrics. The webinar is free for both CPA members and non-members; register through the CPA website.

According to the report, the contract manufacturing and contract packaging industry serving the U.S. food and CPG sector is currently worth $25.67 billion and is projected to continue growing at two to four times the pace of the sector it serves. The trends driving and supporting this growth are rated by industry leaders for their impact, including:

  • The Amazon Effect/The Walmart Effect
  • Private Equity Investment
  • Grocery consolidation/food company consolidation
  • Offshore and Mexico-based competition and more

“One example of change is the rise of private equity,” says Ron Puvak, CPA Managing Director. “Investment levels and investor size are both increasing, with large PE firms such as Goldman Sachs now investing in our rapidly evolving industry.”

Unlike third-party statistical research summaries, the report goes beyond the numbers, combining executive insights with qualitative and quantitative primary and secondary research.

Says Tim Koers, CPA President, “Our industry continues growing at double-digit rates and has become a critical part of food and CPG supply chains. This report dives into why, then explores the trends, drivers, and headwinds shaping its future.”

read more/source: https://www.packworld.com/article/contract-packaging/contract-packaging-research/report-contract-packaging-industry-worth-2567

Related Posts

Light-weight materials, efficient production – How technological innovation shapes the future of food packaging

New technologies are enabling lighter packaging materials and greater resource efficiency, cutting down emissions and increasing competitiveness for consumer packaging based on renewable materials. Here’s a look at the advanced technology being utilised at Stora Enso’s new Packaging Materials production line at the Oulu Mill, in northern Finland. How can high-quality consumer packaging materials from renewable fibers be made as efficiently and sustainably as possible? This is an area Stora Enso has worked on for decades. With the launch of its new consumer board production line at the Oulu Mill in 2025, the company is taking yet another leap in finding the most advanced technological solutions to ensure the perfect combination of quality and efficiency for its packaging materials customers. This time, the results will especially benefit customers in the food packaging industry, as the production line will be specialised for high-quality food and beverage packaging materials.

Aptar Introduces a Fully Recyclable Mono-Material Pump

AptarGroup, Inc. announces the launch of the company’s first fully recyclable mono-material pump for the beauty and personal care industries, called Future. In order to facilitate recycling, Future was designed using polyethylene (PE) mono-material only. Future is certified by Cyclos-HTP, the institute for Recyclability and Product Responsibility *. The innovation is also recognized “A” by RecyClass – a comprehensive cross-industry initiative that works to establish a harmonized recycling approach and traceability in Europe*. “Today we are pleased to launch our latest sustainable innovation, Future, a game changing dispensing solution. Following more than two years of design, engineering and testing, I am very proud of our team’s mono-material design and it truly reflects our commitment to a more circular economy,” said Marc Prieur, President, Aptar Beauty + Home.

Cascades Launches a New Packaging Line for the Fresh Fruit and Vegetable Industry

Cascades is pleased to announce the launch of its new range of Cascades Fresh packaging products for fruits and vegetables. Designed for producers, packers and retailers, Cascades Fresh packaging solutions meet the needs of this key industry while also addressing consumers' concerns about the environmental footprint of their foodstuffs. Through this new range of products, Cascades brings the circular economy to life by using different types of cardboard and recovered plastics to offer a full and multi-material range of eco-friendly, recycled and 100% recyclable products to reduce the environmental footprint of packaging used in the produce sector. The various products include trays made from PETE, LDPETE and cardboard, baskets, carriers and corrugated cardboard boxes as well as a number of sturdy and leakproof options.
Back To Top
×Close search
Search