The probiotics 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.
Probiotics 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 probiotics packaging market size has grown strongly in recent years. It will grow from $5.88 billion in 2023 to $6.43 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to growth in fermented foods consumption, development of probiotic strains, global expansion of probiotics industry, evolving consumer lifestyles, personalized probiotics solutions.
The probiotics packaging market size is expected to see strong growth in the next few years. It will grow to $9.06 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to integration of blockchain in supply chain, culinary integration of probiotics, increasing use of encapsulation, expansion of beauty and skincare products, stricter environmental regulations. Major trends in the forecast period include smart packaging with real-time monitoring, biodegradable and edible packaging, technology innovations, product innovations, integration of nanotechnology.
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Scope Of Probiotics 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.
Probiotics Packaging Market Overview
Market Drivers –
The rising demand for functional foods and beverages is expected to propel the growth of the probiotics packaging market going forward. Functional foods and beverages are products intentionally designed to offer specific health benefits beyond basic nutrition, incorporating bioactive compounds or modified ingredients to promote well-being. Probiotic packaging in functional foods involves incorporating live beneficial bacteria into the packaging material, ensuring their viability until consumption. For instance, in April 2022, according to the Institute of Food Technologists (IFT), a US-based non-profit scientific society, the sales of functional foods and beverages in the United States reached $83 billion in 2021, a 6.8% increase over 2020. Therefore, the rising demand for functional foods and beverages is driving the growth of the probiotics packaging market.
Market Trends –
Major companies operating in the probiotics packaging market are developing new products, such as excipients, to gain a competitive edge in the market. Excipients are inactive substances that help bind, preserve, and stabilize the active ingredients in a medication or dietary supplement. For instance, in May 2023, Roquette Frères, a France-based food company, launched an excipient, PEARLITOL ProTec, a co-processed blend of mannitol and maize starch designed to enhance the stability of probiotic supplements. This innovative, plant-based solution protects and stabilizes moisture-sensitive active ingredients like probiotics, ensuring a longer shelf life, improved consistency, and expanded possibilities for consumer-friendly dosage formats. PEARLITOL ProTec addresses the evolving demands of health-conscious consumers and changing regulatory landscapes, offering unmatched stabilization, organoleptic properties, and compliance with major pharmacopeias. This revolutionary excipient streamlines the manufacturing process, ensuring products are safe, effective, and stable, ultimately saving time and money for manufacturers in the pharmaceutical and nutraceutical industries.
The probiotics packaging market covered in this report is segmented –
1) By Type: Bottles, Jars, Pouches, Other Types
2) By Form: Dry, Liquid
3) By Application: Food And Beverages, Personal Care, Other Applications
4) By End User: Manufacturers, Retailers, Other End Users
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Regional Insights –
North America was the largest region in the probiotics packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the probiotics packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the probiotics packaging market report are Ball Corporation, Amcor Plc, Berry Global Group Inc., Crown Holdings Inc., Mondi Group, Sonoco Products Company, DS Smith Plc, Ardagh Group, Sealed Air Corporation, Huhtamaki Oyj, AptarGroup Inc., Constantia Flexible Group GmbH, Gerresheimer AG, Berlin Packaging, Printpack Inc., Winpak Ltd., ProAmpac Holdings Inc., Arizona Nutritional Supplements LLC, ALPHA PACKAGING, Plastic Ingenuity Inc., Clondalkin Group Holdings B.V., Glenroy Inc., Comar LLC, Flexpak, Coveris Holdings S.A., Unit Pack Co. Inc, Sonic Packaging Industries, Kaufman Container Company Inc., Pla Inc
Table of Contents
1. Executive Summary
2. Probiotics Packaging Market Report Structure
3. Probiotics Packaging Market Trends And Strategies
4. Probiotics Packaging Market – Macro Economic Scenario
5. Probiotics Packaging Market Size And Growth
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27. Probiotics Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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