Global Nutraceutical Packaging Market Size study & Forecast, by Material (Plastic, Glass, Metal, Paper and Paperboard), by Packaging Type (Bottles, Cans & Jars, Bags & Pouches, Others), by Distribution Channel (Specialty Stores, Supermarkets & Hypermarkets, Drug Stores & Pharmacies, Online Retail Stores, Others) and Regional Analysis, 2023-2030
Global Nutraceutical Packaging Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Nutraceutical packaging is a specialized packaging used for products in the nutraceutical industry. Nutraceuticals are products that combine elements of both nutrition and pharmaceuticals, often taken as dietary supplements to provide health benefits beyond basic nutrition. Nutraceutical packaging plays a crucial role in preserving the integrity, safety, and effectiveness of these products. The key factors driving the market growth are the rising demand for nutraceutical products, growing awareness for health and wellness, growing E-commerce, and high demand for sustainable packaging that anticipated to support the market growth during the forecast period 2023-2030.
Moreover, the rising demand for nutraceutical products is anticipated to create a lucrative demand for the market during the projected period. According to Statista, in 2017, the nutraceuticals market was valued at USD 383.06 billion and it is anticipated to reach USD 561.38 billion by 2030. As a result, the rising nutraceutical products demand is anticipated to support the market growth. Additionally, rising acceptance of eco-friendly packaging solutions and advances in packaging technologies are anticipated to create a lucrative opportunities for the market during the projected period. However, the higher costs compared to conventional packaging stifled market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Nutraceutical Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to rising health awareness, growing wellness and dietary trends, and presence of key market players. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as changing lifestyles & dietary patterns and growing awareness about nutrition, increasing consumption of functional foods, and growing E-commerce industry in the region.
Major market player included in this report are:
Glenroy, Inc. (US)
Berry Global Inc. (US)
MOD-PAC Corporation (US)
MJS Packaging (US)
JohnsByrne Company (US)
Amcor PLC (Australia)
Amgraph Packaging, Inc.
Birchwood Contract Manufacturing (US)
Syntegon Packaging Technology GmbH (Germany)
Comar Packaging Solutions (US)
Recent Developments in the Market:
In April 2021, Glenroy, Inc. has unveiled their comprehensive Glenroy Sustainable Packaging Portfolio, catering to a wide range of industries, including nutraceuticals, food, pharmaceuticals, personal care, pet food and treats, as well as household products.
Global Nutraceutical Packaging Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Material, Packaging Type, Distribution Channel, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Plastic
Glass
Metal
Paper and Paperboard
By Packaging Type:
Bottles
Cans & Jars
Bags & Pouches
Others
By Distribution Channel:
Specialty Stores
Supermarkets & Hypermarkets
Drug Stores & Pharmacies
Online Retail Stores
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned
Glenroy, Inc. (US)
Berry Global Inc. (US)
MOD-PAC Corporation (US)
MJS Packaging (US)
JohnsByrne Company (US)
Amcor PLC (Australia)
Amgraph Packaging, Inc.
Birchwood Contract Manufacturing (US)
Syntegon Packaging Technology GmbH (Germany)
Comar Packaging Solutions (US)
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