The nutraceutical packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Nutraceutical Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Nutraceutical Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Nutraceutical Packaging Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
North America was the largest region in the nutraceutical packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nutraceutical packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Nutraceutical Packaging Market Report Structure
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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