Worldwide utilization of nutraceutical packaging at present records for a total assets of US$ 3.6 Bn, and is scheduled to grow at a CAGR of 5.4% to arrive at a market valuation of US$ 5.2 Bn by 2029.
Rising prevalence of preventive medical services, expanding geriatric populace, developing utilization of nutraceuticals by the more youthful populace, rising shopper mindfulness about packaging patterns, expanding per capita extra cash, rising accessibility and moderateness of various nutraceutical items, and so forth, are a portion of the majordivfactors that are supposed to drive shipments of nutraceutical packaging at 5.4% CAGR through 2029.
A Growing Consumer Shift to Preventative Care
The nutraceutical packaging market is dynamic and constantly developing with developing shopper center around wellbeing and prosperity. Nutraceutical packaging businesses are ceaselessly following customer patterns and requests regarding useful food, dietary enhancements, and practical drinks. The utilization of food supplements and extra supplements is reliably expanding because of basic medical problems like diabetes, hypertension, cardiovascular sicknesses, osteoarthritis, osteoporosis, and so forth.
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Expanding wellbeing cognizance and purchaser interest for explicit regular fixings in food supplements are driving the development of the nutraceutical market in the U.S. Shoppers have more confidence on normal fixings over drugs. Subsequently, the producers of nutraceuticals are expanding their portfolio with the consideration of home grown and inherent items in the enhancements.
New open doors for nutraceutical packaging businesses are expected with the expansion of item portfolio and expanding utilization of supplements. In the U.S. market, it is seen that the utilization of nutraceuticals is more among senior individuals to deal with maturing issues. Consequently, the future development of the nutraceutical packaging market is reliant upon youth, who favor nutraceuticals for actual wellness, rec center, and sports exercises.
Competitive Landscape
Nutraceutical packaging manufacturers are focusing on new product launches to expand their product portfolios and boost sales across various regions. Nutraceutical packaging companies are also investing in mergers & acquisitions to increase their market share in the global landscape.
- In April 2021, Origin Pharma Packaging, a leading name in the pharmaceutical packaging industry, announced the launch of its new packaging design agency for its nutraceutical businesses. Design Innovation Development (DiD) will be working with international firms as well as local businesses to provide customized packaging solutions.
- In September 2021, a U.K.-based nutricosmetics and supplements company called HEBE LIFE featured its products in a new packaging format. The new tamper-evident label is equipped with a QR code that enables product authentication, geolocation tracking, anti-counterfeiting, and band protection, and delivers a packaging solution for smart consumers.
COVID-19 Crisis Evaluation
There was steady growth observed in the nutraceutical packaging market in the pre-pandemic era, and this growth was disrupted by the COVID-19 pandemic in 2020. The pandemic affected the world in many different aspects and most economies took a major hit during this period.
Increased focus on immunity during the pandemic propelled demand for vitamin supplements, and this substantially impacted nutraceutical packaging shipments. However, due to restricted manufacturing activity and disruptions to supply chains, sales of nutraceutical packaging were impacted negatively and saw a drop in 2020.
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Competitive Landscape
Nutraceutical packaging manufacturers are focusing on new product launches to expand their product portfolios and boost sales across various regions. Nutraceutical packaging companies are also investing in mergers & acquisitions to increase their market share in the global landscape.
- In April 2021, Origin Pharma Packaging, a leading name in the pharmaceutical packaging industry, announced the launch of its new packaging design agency for its nutraceutical businesses. Design Innovation Development (DiD) will be working with international firms as well as local businesses to provide customized packaging solutions.
- In September 2021, a U.K.-based nutricosmetics and supplements company called HEBE LIFE featured its products in a new packaging format. The new tamper-evident label is equipped with a QR code that enables product authentication, geolocation tracking, anti-counterfeiting, and band protection, and delivers a packaging solution for smart consumers.
Key Segments of Nutraceutical Packaging Industry Survey
By Packaging Type:
- Blisters
- Bottles & Jars
- Bags & Pouches
- Stick Packs
- Boxes & Cartons
- Containers
- Sprays
- VSP & MAP
By Product Type:
- Nutraceutical Packaging for Dietary Supplements
- Nutraceutical Packaging for Functional Foods
- Nutraceutical Packaging for Functional Beverages
By Product Form:
- Tablets & Capsules
- Powder & Granules
- Liquid
- Solid
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By Material:
- Glass Nutraceutical Packaging
- Paperboard Nutraceutical Packaging
- Plastic Nutraceutical Packaging
- Aluminium Nutraceutical Packaging
By Ingredient:
- Vitamins
- Minerals
- Prebiotics
- Probiotics
- Amino Acids
- Omega 3 Fatty Acids
- Others
By Region:
- North America Nutraceutical Packaging Market
- Latin America Nutraceutical Packaging Market
- Europe Nutraceutical Packaging Market
- East Asia Nutraceutical Packaging Market
- South Asia & Pacific Nutraceutical Packaging Market
- Middle East & Africa (MEA) Nutraceutical Packaging Market