The contract packaging and contract manufacturing (CP/CM) industry is currently worth $75.6 billion and projected to continue growing at two times the pace of the sectors it serves, according to the Contract Packaging Association’s (CPA) recently released “2021 State of the Industry Report.” Published tri-annually since 2008, the State of the Industry report reportedly combines quantitative and qualitative research with interviews and surveys with over 120 industry CEOs, executives, vendors, customers, and other leaders.
“One example of change is the continued rise of private equity,” said Ron Puvak, CPA’s executive director. “While still a highly fragmented, entrepreneurial industry, the CP/CM industry is undergoing rapid consolidation and record outside investment.”
According to Rob Reinders, CPA president, “The ongoing rapid growth of our industry confirms that we continue to deliver value and innovation sought by large and small brands.”
Learn more about the CPA and its latest report at www.contractpackaging.org.