Europe Contract Packaging Market Outlook 2031
The Europe contract packaging market size was valued at USD 17.28 Billion in 2022 and is projected to reach USD 36.16 Billion by 2031, expanding at a CAGR of 8.55% during the forecast period, 2023-2031. The growth of the market is attributed to changing preference of manufacturing firms toward contract packagers to reduce the operational costs.
Co-packing aid in company's costs down. As business can concentrate on their core businesses, so it becomes for companies to focus on branding/marketing, product developments and others-packers are frequently experts in many disciplines, which allows them to guide their customers to the best packaging for their purposes.
Consumer packaged goods (CPG) suppliers have been aggressively looking forward to vertically integrating to offer packaging solutions, including raw material sourcing and logistics, in order to differentiate themselves as one-stop contract packaging solution providers. According to Nulogy, one of the providers of agile supply chain solutions for CPG firms, shifting consumer buying habits are providing contract packers with additional work.
Increasing retail industry with rising demand for packaged items, strict regulatory environment, and discovery of innovative technologies are all contributing to increased awareness and usage of sustainable packaging.
Moreover, logistics sector is presently receiving special attention, with European distribution centers and warehouses becoming increasingly appealing. The number of project developments for logistics assets is continuously increasing, particularly in well-known European logistics clusters, this restricted supply is compensated by much higher demand.
Europe leads the world in bioplastics research and innovation from maize and other plants, and it also has the largest market for bioplastics with the highest demand. Furthermore, Europe accounts for around 26% of worldwide bioplastics output. America controls only 17 percent of the market, while Asia controls 46 percent.
The organization for standardization and packaging materials regulations in the European Union, incudes EU food contact materials regulations, European Committee for Standardization directive 94/62/EC, Forest Stewardship Council (FSC), REACH, and Directive 94/62/EC lab testing are all introducing new standards that are helping to drive industry growth.
The shift for an eco-friendly, minimum packaging, such as Amazon's Frustration Free packaging buyers prefer less and easy-open packaging because the product is recognized by pictures and online descriptions rather than a box. At the same time, e-commerce is also looking for custom-printed boxes and other packing materials is driving the demand for co packaging
Packhelp, located in Warsaw (Italy), has been riding the e-commerce and on-demand delivery boom to develop a business that assists even the tiniest firms in wrapping their items in eye-catching bespoke packaging.
Packhelp claims to have garnered more than 50,000 clients from 30 countries since its founding in 2015 and the debut of its bespoke package design platform in 2016 (With an operational focus on Europe). Over the course of its five-plus-year existence, its platform has produced over 50 million pieces of packaging.
The sector has a critical role to play in increasing recycling rates in EU Member States. However, enterprises still require assistance in reaching this aim, and the EESC believes that the European Commission might help with this by providing more information on best practices and making the most use of existing resources.
Europe Contract Packaging Market Trends, Drivers, Restraints, and Opportunities
- Urbanization, and favorable new regulations & standards are expected to boost the market during the forecast period.
- Increased concern for environmental sustainability and awareness among consumers is expected to fuel the contract packaging market growth during the forecast period.
- Food & beverage industries focusing on product prolongs its shelf life and facilitates long-distance transportation is expected to drive the market in coming years.
- Growing industrialization and rising demand for medicine are anticipated to surge the market growth.
- Rising demand for packed food is key factors pushing the market growth in the coming years.
- Rapid growth electronic and e-commerce industries are major factors boosting the market in the coming years
- Increase cost of packaging raw material is expected to hinder the contract packaging market growth.
- There is no direct quality control by business is anticipated to restrict the market.
- Rising funding for the development of innovative packaging technologies to replace older ones is estimated to create lucrative opportunities for the market players.
Scope of Europe Contract Packaging Market Report
The report on the Europe contract packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Contract Packaging Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Services (Primary Packaging, Secondary Packaging, Tertiary packaging), End Users (Food, Pharmaceuticals, Beverages, Home & Fabric Care, Beauty care)
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Regional Scope
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Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Co-Packaging Services Ltd.; Driessen United Blenders; Harke Packserve GMBH; Cygnia Logistics; Budelpack Poortvliet BV
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Europe Contract Packaging Market Segment Insights
Types of Service Segment Analysis
In terms of type of services, the Europe contract packaging market is segmented into primary packaging, secondary packaging, tertiary packaging. The secondary packaging segment is expected to represent a key share of the market in the coming years due to secondary packaging is required for product transportation to the point of sale. Also rising logistic sector in the region is expected to fuel the market.
End-user Segment Analysis
On the basis of end-user, the Europe contract packaging market share is divided into food, pharmaceuticals, beverages, home & fabric care, beauty care.
The food & beverages segment is expected to constitute a key share of the market during the forecast period owing to providing FMCG solutions to practically every consumer sector, with the food industry being a key benefactor as a result, the packaging reflects a variety of factors, ranging from individual customer preferences to bigger economic pressures such as free-market competition and mass marketing.
Segments
The Europe contract packaging market has been segmented on the basis of
Services
- Primary Packaging
- Secondary Packaging
- Tertiary packaging
End Users
- Food
- Pharmaceuticals
- Beverages
- Home & Fabric Care
- Beauty care
Region
Key Players
Competitive Landscape
Key players competing in the Europe contract packaging market include Co-Packaging Services Ltd.; Driessen United Blenders; Harke Packserve GMBH; Cygnia Logistics; Budelpack Poortvliet BV. Some of these players are coming up with several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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