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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Packaging Market.”
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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