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Global Nutraceutical Packaging Market Comprehensive Study: Forecasted Market Size And Growth Rate | Glenroy Inc., Maco Bag Corporation, JohnsByrne Co., Birchwood Contract Manufacturing, NuEra Nutraceuticals Inc., MOD-PAC Corp., Hughes Enterprises, Amgraph
Nutraceutical Packaging Market Trends
The Business Research Company offers in-depth market insights through Nutraceutical Packaging Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of products in nutraceutical packaging are polyester, paper, BOPP, aluminum, metalized polyester, and others. Polyester, also known as PET, is a chemically resistant material that does not react with food or liquids. It is also shatter-resistant and can be used to build containers instead of glass. The different packaging types include bottles, cans, and jars, bags and pouches, cartons, stick packs, blister packs, and others and use various materials such as metal, glass, paperboard, plastic, polyethylene, polypropylene, and others. It is used by several sectors, including food and beverages, pharmaceuticals, consumer goods, nutraceuticals, and others.
Major Driver - Rising Health Consciousness Fuels Growth In The Nutraceutical Packaging Market
The shift towards a healthier lifestyle is expected to propel the growth of the nutraceutical packaging market going forward. People are getting more interested in natural food products that provide a direct therapeutic advantage because consumer awareness and knowledge about the relationship between health and nutrition is increasing. Nutraceutical food provides medical or health benefits that include the prevention or treatment of a disease. For instance, according to a poll by E times in 2021, the COVID-19 pandemic has transformed Indians' attitudes toward health, with 70% saying they will prioritize food and lifestyle adjustments in 2021 to manage both physical and emotional health. Therefore, the increasing adaption of a healthy lifestyle is driving the growth of the nutraceutical packaging market.
Competitive Landscape:
Major companies operating in the nutraceutical packaging market include 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., MJS Packaging, Syntegon Packaging Technology GmbH, Comar Packaging Solutions, TricorBraun Inc., Berlin Packaging, Kaufman Container, O.Berk Company, Alpha Packaging, Plastipak Holdings Inc., Gerresheimer AG, AptarGroup Inc., RPC Group Plc, Ardagh Group S.A., Silgan Holdings Inc., Crown Holdings Inc., WestRock Company, Graphic Packaging International LLC, International Paper Company, Smurfit Kappa Group, DS Smith Plc, Sealed Air Corporation, Coveris Holdings S.A., ProAmpac LLC, Winpak Ltd., Scholle IPN, Uflex Ltd.
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Top Trend - Sustainable Packaging Gains Momentum In The Nutraceutical Packaging Industry
Major companies operating in the nutraceutical packaging market are developing new solutions such as sustainable packaging to gain a competitive edge in the market. For instance, in April 2022, Amcor Inc., a Switzerland-based packaging and containers manufacturing company launched new High Shield laminates to its pharmaceutical packaging portfolio. These sustainable packaging options, available in paper-based and Polyolefin-based materials, offer both high barrier performance and recyclability, aligning with pharmaceutical companies' sustainability goals. The innovative material structure enables recycling compliance, supports market differentiation, and allows manufacturers to use existing filling machines without additional investments.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nutraceutical Packaging Market Characteristics
3. Nutraceutical Packaging Market Trends And Strategies
4. Nutraceutical Packaging Market - Macro Economic Scenario
5. Nutraceutical Packaging Market Size And Growth
…..
27. Nutraceutical Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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