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Nutraceutical Packaging Market Segments 2024-2033 | Size, Share And Insights
"The Business Research Company recently released a comprehensive report on the Global Nutraceutical Packaging Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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According to The Business Research Company's, 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 Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
Nutraceutical Packaging Market 2024 Key Insights:
• 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%.
• Rising Health Consciousness Fuels Growth In The Nutraceutical Packaging Market
• Sustainable Packaging Gains Momentum In The Nutraceutical Packaging Industry
• North America was the largest region in the nutraceutical packaging market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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