Nutraceutical Packaging Market is estimated to be valued at US$ 3.6 Bn in 2022

Global consumption of nutraceutical packaging currently accounts for a net worth of US$ 3.6 Bn, and is slated to expand at a CAGR of 5.4% to reach a market valuation of US$ 5.2 Bn by 2029.Substantial rise in health consciousness on a global level has majorly influenced packaging for nutraceuticals as these products are now being served to a larger demographic on a bigger scale than ever before. Developments in the packaging industry and sustainability trends have also shaped the advancements in packaging for nutraceuticals over the past few years.

Rising prevalence of preventive medical services, expanding geriatric populace, developing utilization of nutraceuticals by the more youthful populace, rising shopper mindfulness about packaging patterns, expanding per capita extra cash, rising accessibility and moderateness of various nutraceutical items, and so forth, are a portion of the majordivfactors that are supposed to drive shipments of nutraceutical packaging at 5.4% CAGR through 2029.

A Growing Consumer Shift to Preventative Care

The nutraceutical packaging market is dynamic and constantly developing with developing shopper center around wellbeing and prosperity. Nutraceutical packaging businesses are ceaselessly following customer patterns and requests regarding useful food, dietary enhancements, and practical drinks. The utilization of food supplements and extra supplements is reliably expanding because of basic medical problems like diabetes, hypertension, cardiovascular sicknesses, osteoarthritis, osteoporosis, and so forth.

Request A Report Sample @
https://www.futuremarketinsights.com/reports/sample/rep-gb-9847

Expanding wellbeing cognizance and purchaser interest for explicit regular fixings in food supplements are driving the development of the nutraceutical market in the U.S. Shoppers have more confidence on normal fixings over drugs. Subsequently, the producers of nutraceuticals are expanding their portfolio with the consideration of home grown and inherent items in the enhancements.

New open doors for nutraceutical packaging businesses are expected with the expansion of item portfolio and expanding utilization of supplements. In the U.S. market, it is seen that the utilization of nutraceuticals is more among senior individuals to deal with maturing issues. Consequently, the future development of the nutraceutical packaging market is reliant upon youth, who favor nutraceuticals for actual wellness, rec center, and sports exercises.

Competitive Landscape

Nutraceutical packaging manufacturers are focusing on new product launches to expand their product portfolios and boost sales across various regions. Nutraceutical packaging companies are also investing in mergers & acquisitions to increase their market share in the global landscape.

In April 2021, Origin Pharma Packaging, a leading name in the pharmaceutical packaging industry, announced the launch of its new packaging design agency for its nutraceutical businesses. Design Innovation Development (DiD) will be working with international firms as well as local businesses to provide customized packaging solutions.
In September 2021, a U.K.-based nutricosmetics and supplements company called HEBE LIFE featured its products in a new packaging format. The new tamper-evident label is equipped with a QR code that enables product authentication, geolocation tracking, anti-counterfeiting, and band protection, and delivers a packaging solution for smart consumers.
COVID-19 Crisis Evaluation

There was steady growth observed in the nutraceutical packaging market in the pre-pandemic era, and this growth was disrupted by the COVID-19 pandemic in 2020. The pandemic affected the world in many different aspects and most economies took a major hit during this period.

Increased focus on immunity during the pandemic propelled demand for vitamin supplements, and this substantially impacted nutraceutical packaging shipments. However, due to restricted manufacturing activity and disruptions to supply chains, sales of nutraceutical packaging were impacted negatively and saw a drop in 2020.

Request A Report Methodology @
https://www.futuremarketinsights.com/askus/rep-gb-9847

Competitive Landscape

Nutraceutical packaging manufacturers are focusing on new product launches to expand their product portfolios and boost sales across various regions. Nutraceutical packaging companies are also investing in mergers & acquisitions to increase their market share in the global landscape.

In April 2021, Origin Pharma Packaging, a leading name in the pharmaceutical packaging industry, announced the launch of its new packaging design agency for its nutraceutical businesses. Design Innovation Development (DiD) will be working with international firms as well as local businesses to provide customized packaging solutions.
In September 2021, a U.K.-based nutricosmetics and supplements company called HEBE LIFE featured its products in a new packaging format. The new tamper-evident label is equipped with a QR code that enables product authentication, geolocation tracking, anti-counterfeiting, and band protection, and delivers a packaging solution for smart consumers.
Key Segments of Nutraceutical Packaging Industry Survey

By Packaging Type:

Blisters
Bottles & Jars
Bags & Pouches
Stick Packs
Boxes & Cartons
Containers
Sprays
VSP & MAP
By Product Type:

Nutraceutical Packaging for Dietary Supplements
Nutraceutical Packaging for Functional Foods
Nutraceutical Packaging for Functional Beverages
By Product Form:

Tablets & Capsules
Powder & Granules
Liquid
Solid
By Material:

Glass Nutraceutical Packaging
Paperboard Nutraceutical Packaging
Plastic Nutraceutical Packaging
Aluminium Nutraceutical Packaging
By Ingredient:

Vitamins
Minerals
Prebiotics
Probiotics
Amino Acids
Omega 3 Fatty Acids
Others
By Region:

North America Nutraceutical Packaging Market
Latin America Nutraceutical Packaging Market
Europe Nutraceutical Packaging Market
East Asia Nutraceutical Packaging Market
South Asia & Pacific Nutraceutical Packaging Market
Middle East & Africa (MEA) Nutraceutical Packaging Market
Ask for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-9847

Contact:

Future Market Insights Inc.  
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware - 19713, USA  
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

This release was published on openPR.