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Nutraceutical Packaging Market 2024-2033: Global Outlook, Industry Insights, Growth Rate And Major Players | Glenroy Inc., Maco Bag Corporation, JohnsByrne Co., Birchwood Contract Manufacturing, NuEra Nutraceuticals Inc
Nutraceutical Packaging Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the nutraceutical packaging industry. This report on nutraceutical packaging market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The nutraceutical packaging market size has grown strongly in recent years. It will grow from $4.06 billion in 2023 to $4.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to aging population, dietary supplements, regulatory compliance, consumer convenience, branding and marketing.
The nutraceutical packaging market size is expected to see strong growth in the next few years. It will grow to $5.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to e-commerce growth, child-resistant packaging, clean label packaging, anti-counterfeiting measures, personalized nutrition. Major trends in the forecast period include biodegradable packaging, digital printing, smart packaging materials, traceability and serialization, sustainable packaging.
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Key Market Players:
Glenroy Inc., Maco Bag Corporation, JohnsByrne Co., Birchwood Contract Manufacturing, NuEra Nutraceuticals Inc., MOD-PAC Corp., Hughes Enterprises, Amgraph Packaging Inc., Amcor Limited, Constantia Flexibles, Huhtamaki Oyj, Mondi PLC, Sonoco Products Company, Berry Global Inc
Market Drivers:
According to the Nutraceutical Packaging Market Report 2024 by The Business Research Company, the increasing demand for packaged food products is expected to propel the growth of nutraceutical packaging market going forward. Packaged food products increasingly incorporate nutraceutical ingredients, appealing to health-conscious consumers. Nutraceutical packaging allows for clear labeling and health claims, helping consumers make informed choices. For instance, in 2022, according to the United States Department of Agriculture, a federal agency in the US responsible for overseeing aspects of food quality and safety as well as nutrition labeling, the total value of US processed food products exported from the country accounted for $38 billion, an increase of 10.96% from $34.24 billion in 2021. Also, the retail sales of packaged foods in Japan are predicted to reach US$235.9 billion by 2026, an increase of 9.1% or US$19.6 billion from 2022. Therefore, the increasing demand for packaged food products is driving the growth of nutraceutical packaging market.
More information about the Global Nutraceutical Packaging Market Report -
https://www.thebusinessresearchcompany.com/report/nutraceutical-packaging-global-market-report
Market segments for template include:
1) By Product Type: Polyester, Paper, BOPP, Aluminum, Metallized Polyester, Other Product Types
2) By Packaging Type: Bottles, Cans And Jars, Bags And Pouches, Cartons, Stick Packs, Blister Packs, Other Packaging Types
3) By Material Type: Metal, Glass, Paperboard, Plastic, Polyethylene, Polypropylene, Other Material Types
4) By End User: Food And Beverages, Pharmaceuticals, Consumer Goods, Nutraceuticals, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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