Press Release

Nutraceutical Packaging Market to Grow with a CAGR of 4.78% through 2028

Growing consumer trust in packaging and Increasing health-consciousness are factors driving the global Nutraceutical Packaging market in the forecast period 2024-2028.

 

According to TechSci Research report, “Nutraceutical Packaging Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Nutraceutical Packaging Market stood at USD 3.58 billion in 2022 and is anticipated to grow with a CAGR of 4.78% in the forecast period, 2024-2028. The Global Nutraceutical Packaging Market is witnessing robust growth driven by the rising demand for health and wellness products. With a growing population of health-conscious consumers, the market thrives on innovative packaging solutions that preserve the integrity of dietary supplements and functional foods. Stringent regulatory requirements and the need for compliance drive packaging advancements. Versatility in packaging formats caters to the diverse range of nutraceutical products, including vitamins, minerals, herbal supplements, and more. Packaging not only ensures product safety and efficacy but also serves as a tool for branding and differentiation in a competitive landscape, fostering consumer trust in product quality.

 

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One significant driver for the Global Nutraceutical Packaging Market is the increasing health-consciousness among consumers. As people become more aware of the importance of nutrition and wellness, there is a growing demand for dietary supplements, functional foods, and related products. This heightened awareness fuels the need for packaging solutions that can preserve the quality and efficacy of these nutraceutical items. Consumers are drawn to products with packaging that conveys trust, safety, and information about health benefits. Consequently, packaging innovations that align with health-conscious consumer preferences and communicate the value of nutraceuticals play a crucial role in driving market growth.

The Global Nutraceutical Packaging Market is segmented into Product Form, Product Type, Packaging Type, Material, Ingredient, region and company.

Based on Product Form, Tablets and capsules are the fastest-growing segment in the Global Nutraceutical Packaging Market due to several compelling factors. These solid dosage forms are preferred by consumers for their ease of use, precise dosing, and convenience. Packaging for tablets and capsules requires less material compared to other formats, making it cost-effective and environmentally friendly. Additionally, these dosage forms are often associated with pharmaceutical-grade packaging, which instills trust and confidence in consumers. As the demand for dietary supplements and vitamins continues to rise, especially in aging populations, the need for secure, tamper-evident, and user-friendly packaging for tablets and capsules is driving their rapid growth in the nutraceutical market.

Based on region, The Asia Pacific region is experiencing rapid growth in the Global Nutraceutical Packaging Market for several compelling reasons. Firstly, a rising middle-class population with increasing disposable incomes in countries like China and India is driving greater consumer spending on health and wellness products, thereby boosting the demand for nutraceutical packaging. Secondly, governments in the region are implementing more stringent regulations on packaging and labeling, necessitating compliance and innovation. Lastly, the region's robust manufacturing capabilities and expanding pharmaceutical and nutraceutical industries provide ample opportunities for packaging manufacturers. The convergence of these factors positions Asia Pacific as the fastest-growing market for nutraceutical packaging.

 

Major companies operating in Global Nutraceutical Packaging Market are:

  • Glenroy, Inc.
  • Berry global, inc
  • Mod-pac corporation
  • Mjs packaging
  • Johns-byrne co
  • Amcor plc
  • Amgraph packaging, inc.
  • Birchwood manufacturing co inc
  • Syntegon packaging technology gmbh
  • Comar llc

 

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“The future of the Global Nutraceutical Packaging Market looks promising as it continues to evolve in response to changing consumer preferences and regulatory requirements. The market is poised for innovation in sustainable packaging materials and technologies to reduce environmental impact. Personalization and smart packaging solutions that enhance user experience and product safety will gain prominence. As health and wellness trends persist, the demand for nutraceuticals is expected to rise, further driving the need for specialized packaging. Additionally, the expansion of e-commerce channels will lead to customized packaging for online sales. Overall, the future of the nutraceutical packaging market lies in adaptability, sustainability, and meeting the evolving needs of health-conscious consumers.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Nutraceutical Packaging Market, 2028- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Form (Tablets & Capsules, Powder & Granules, Liquid, Solid & Soft Gel), By Product Type (Dietary Supplements, Functional Foods, Functional Beverages, Others), By Packaging Type (Blisters & Strips, Bottles, Jars & Canisters, Bags & Pouches, Stick Packs, Others), By Material (Plastics, Paper & Paperboard, Metals, Glass, Others), By Ingredient (Vitamins, Minerals, Probiotics & Prebiotics, Amino Acids,  Omega-3 Fatty Acids, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Nutraceutical Packaging Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Nutraceutical Packaging Market.

 

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