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Contract Packaging Market is Anticipated to Witness High Growth Owing to Increased Outsourcing Activities

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  Contract Packaging Market Contract packaging refers to outsourcing the packaging process to third-party packaging companies. It involves activities such as product formulation, packaging design development, packaging, warehousing, and distribution. Contract packaging helps brands and manufacturers focus on their core competencies rather than investing heavily in packaging infrastructure and machinery. It provides cost benefits and greater flexibility to companies. The COVID-19 pandemic has further fueled the need for outsourcing non-core activities to stabilize supply chains. The global contract packaging market is estimated to be valued at US$ 76.46 million in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.   Key players operating in the Contract Packaging Market Trends are SUSI Studio, Insecta Shoes Canada Inc. ROMBAUT, In The Soulshine, Della La LLC, Reformation, Alabama Chanin, Wawwa, Doshi FCSA, Hiareth Collective, Komodo Fas...

Rising Generic Drug Manufacturing Spurs Growth in India's Pharmaceutical Packaging Market

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India's Pharmaceutical Packaging Market   The India pharmaceutical packaging market comprises various packaging products such as plastic bottles, blister packs, glass containers, caps & closures, pre-filled syringes, and ampoules that are used for packaging pharmaceutical drugs and medicines. Pharmaceutical packaging helps protect drugs and medicines from potential contamination and damage during storage and transportation. It also helps brand the pharmaceutical products and provides product information and details to the consumers. The market is driven by the rising generic drug manufacturing industry in India along with the growth of the pharmaceutical industry. India is the largest provider of generic drugs globally with over 50% of generic drugs coming from India. Additionally, cost efficiency, availability of raw materials, and minimal regulatory compliance have also supported generic drug making in the country. The Global India pharmaceutical packaging market is estimat...