The global medical contract packaging market is projected to grow from $35 billion in 2025 to $60 billion by 2032, achieving a compound annual growth rate (CAGR) of 7.8%, according to a report by HTF Market Intelligence. This growth is driven by increasing demand for outsourced packaging solutions in the pharmaceutical, medical device, diagnostics, and nutraceutical sectors.

Key packaging formats fueling this expansion include blister packaging, pouches, stick packaging, and labeling services, according to the report. North America currently leads the market, while the Asia-Pacific region is anticipated to experience the fastest growth, propelled by rising healthcare investments and manufacturing capabilities.

Major industry players are focusing on innovations like biodegradable materials, serialization, and enhanced cold chain logistics to meet evolving regulatory and sustainability requirements. However, the industry faces challenges including stringent compliance standards, supply chain disruptions, and high operational costs.

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