Contract Packaging Market Growth at a CAGR of +11%, over the 2018–2023
The global contract packaging market is mainly determined by the changing preference of manufacturing firms toward contract packagers, as they are increasingly focusing on cost optimization, and their core business. The entry of third-party logistics companies in the contract packaging is one such trend, which helps in reducing the total delivery-cycle time and also the combined cost of packaging, transportation, and distribution.
The Global Contract Packaging Market was valued at USD 40.65 billion in 2017, and is expected to reach...
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