Press release
Nutraceutical Packaging Global Market will Exceed $5.8 Billion By 2028 with a Projected CAGR of 7.4% | Glenroy Inc., Maco Bag Corporation, JohnsByrne Co., Amcor Limited, MJS Packaging
Nutraceutical Packaging Global Market
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.
Market Overview -
Nutraceutical packaging refers to a covering that surrounds a nutraceutical product and serves to keep it clean and marketable while also serving to confine, identify, characterize, protect, showcase, and promote it. Nutraceutical packaging is used to pack foods such as herbal products, processed food items (examples: beverages, cereal, soup), dietary supplements, genetically engineered food, and isolated nutrients to prevent contamination.
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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.
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.
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Key Segments -
The nutraceutical packaging market covered in this report is segmented -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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