Overview and Scope
Nutraceutical packaging refers to a covering that surrounds a nutraceutical product and serves to keep it clean and marketable while also serving to confine, identify, characterize, protect, showcase, and promote it. Nutraceutical packaging is used to pack foods such as herbal products, processed food items (examples: beverages, cereal, soup), dietary supplements, genetically engineered food, and isolated nutrients to prevent contamination.
Sizing and Forecast
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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Segmentation & Regional Insights
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
Top Major Players:
Glenroy Inc.
Maco Bag Corporation
JohnsByrne Co.
Birchwood Contract Manufacturing
NuEra Nutraceuticals Inc
North America was the largest region in the nutraceutical packaging market in 2023.
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The nutraceutical packaging market report table of contents includes:
1. Executive Summary
2. Nutraceutical Packaging Market Characteristics
3. Nutraceutical Packaging Market Trends And Strategies
4. Nutraceutical Packaging Market – Macro Economic Scenario
5. Global Nutraceutical Packaging Market Size and Growth
…
31. Global Nutraceutical Packaging Market Competitive Benchmarking
32. Global Nutraceutical Packaging Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Nutraceutical Packaging Market
34.Nutraceutical Packaging Market Future Outlook and Potential Analysis
35. Appendix
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