Probiotics Packaging Market Size, Deep Analysis, Growth Statistics, Share, Trends And Forecast To 2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Probiotics Packaging Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $9.06 billion In 2028 At A CAGR Of 9.0% :
The probiotics packaging market size has grown strongly in recent years. It will grow from $5.88 billion in 2023 to $6.43 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to growth in fermented foods consumption, development of probiotic strains, global expansion of probiotics industry, evolving consumer lifestyles, personalized probiotics solutions.
The probiotics packaging market size is expected to see strong growth in the next few years. It will grow to $9.06 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to integration of blockchain in supply chain, culinary integration of probiotics, increasing use of encapsulation, expansion of beauty and skincare products, stricter environmental regulations. Major trends in the forecast period include smart packaging with real-time monitoring, biodegradable and edible packaging, technology innovations, product innovations, integration of nanotechnology.
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Probiotics Packaging Market Major Segments
The probiotics packaging market covered in this report is segmented -
1) By Type: Bottles, Jars, Pouches, Other Types
2) By Form: Dry, Liquid
3) By Application: Food And Beverages, Personal Care, Other Applications
4) By End User: Manufacturers, Retailers, Other End Users
Key Driver - Increasing Demand For Functional Foods And Beverages Fuels Growth In The Probiotics Packaging Market
The rising demand for functional foods and beverages is expected to propel the growth of the probiotics packaging market going forward. Functional foods and beverages are products intentionally designed to offer specific health benefits beyond basic nutrition, incorporating bioactive compounds or modified ingredients to promote well-being. Probiotic packaging in functional foods involves incorporating live beneficial bacteria into the packaging material, ensuring their viability until consumption. For instance, in April 2022, according to the Institute of Food Technologists (IFT), a US-based non-profit scientific society, the sales of functional foods and beverages in the United States reached $83 billion in 2021, a 6.8% increase over 2020. Therefore, the rising demand for functional foods and beverages is driving the growth of the probiotics packaging market.
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Prominent Trend - Product Innovations Transforming The Probiotics Packaging Market
Major companies operating in the probiotics packaging market are developing new products, such as excipients, to gain a competitive edge in the market. Excipients are inactive substances that help bind, preserve, and stabilize the active ingredients in a medication or dietar*y supplement. For instance, in May 2023, Roquette Frères, a France-based food company, launched an excipient, PEARLITOL ProTec, a co-processed blend of mannitol and maize starch designed to enhance the stability of probiotic supplements. This innovative, plant-based solution protects and stabilizes moisture-sensitive active ingredients like probiotics, ensuring a longer shelf life, improved consistency, and expanded possibilities for consumer-friendly dosage formats. PEARLITOL ProTec addresses the evolving demands of health-conscious consumers and changing regulatory landscapes, offering unmatched stabilization, organoleptic properties, and compliance with major pharmacopeias. This revolutionary excipient streamlines the manufacturing process, ensuring products are safe, effective, and stable, ultimately saving time and money for manufacturers in the pharmaceutical and nutraceutical industries.
Probiotics Packaging Market Players
Major companies operating in the probiotics packaging market report are Ball Corporation, Amcor Plc, Berry Global Group Inc., Crown Holdings Inc., Mondi Group, Sonoco Products Company, DS Smith Plc, Ardagh Group, Sealed Air Corporation, Huhtamaki Oyj, AptarGroup Inc., Constantia Flexible Group GmbH, Gerresheimer AG, Berlin Packaging, Printpack Inc., Winpak Ltd., ProAmpac Holdings Inc., Arizona Nutritional Supplements LLC, ALPHA PACKAGING, Plastic Ingenuity Inc., Clondalkin Group Holdings B.V., Glenroy Inc., Comar LLC, Flexpak, Coveris Holdings S.A., Unit Pack Co. Inc, Sonic Packaging Industries, Kaufman Container Company Inc., Pla Inc
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Largest And Fastest Growing Region In The Market
North America was the largest region in the probiotics packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the probiotics packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Probiotics Packaging Market Report Structure
3. Probiotics Packaging Market Trends And Strategies
4. Probiotics Packaging Market - Macro Economic Scenario
5. Probiotics Packaging Market Size And Growth
…..
27. Probiotics Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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