The market for protein packaging is anticipated to reach a value of US$ 23.7 billion in 2022 and to grow at a CAGR of 4.5% from 2020 to 2028. The market for protein packaging is anticipated to reach a value of US$36.81 billion in 2032. The industry is moderately fragmented as a result of the predominance of various small- and medium-sized firms. Market companies are focusing on sustainable packaging as a result of stringent laws governing the use of excessive plastic material and growing consumer environmental consciousness.
Production of items employing post-consumer recycled (PCR) plastic and the development of packing pouches made of biodegradable materials are significant actors. Businesses have been focusing on consumer preferences and developments that offer advantages of single-serve, portable packaging
Protein Packaging Market: Key players
Key players of the global protein packaging market are
- Flexifoil Packaging Pvt. Ltd.,
- Swiss Pac Private Ltd.,
- Amcor Limited, and DuPont
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The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Protein Packaging: Market Dynamics
The dietary supplements industry has experienced rapid growth in the past couple of decades. Breakthroughs in biotechnology and biochemistry have led to a plethora of knowledge regarding the needs of the human body, leading to innovation in dietary supplement formulation.
This is expected to fuel the global protein packaging market as new formulations are brought to the market, thus creating a need to innovate in the packaging field, to come up with packaging materials which are compatible with the latest formulations.
There has been a rising demand for nutritious food and supplements among consumers which is fuelling the growth of the global protein packaging market. Protein is a must have dietary supplement for fitness enthusiasts which is a key factor driving the growth of the global protein packaging market.
High cost of the protein supplements is a restraining factor for the global protein packaging market. Moreover, protein packaging requires the quality material of exact chemical composition and density to keep the quality of the nutrients intact and a minute change may degrade the quality which is one of the restraining factor of the global protein packaging market.
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Protein Packaging: Market Segmentation
Global protein packaging market is segmented on the basis of packaging type, product type, raw materials, and geography. On the basis of packaging type, the global protein packaging market is segmented into rigid packaging and flexible packaging. Rigid packaging is further sub segmented into boxes, cartons, and canisters.
Flexible protein packaging is further sub segmented into stand up pouches, and side gusset bags. The demand for flexible packaging is more as compared to rigid packaging owing to its convenience and portability. Moreover, pouches are preferred more over other types of packaging as they require less warehouse space and use less plastic.
On the basis of product type, the global protein packaging market is segmented into protein bars, and protein powder, and protein shakes. On the basis of raw material used, the global protein packaging market is segmented into paperboard, and plastics. Plastics is largely preferred for protein packaging.
Protein Packaging Market: Regional Outlook
On the basis of geography, the global protein packaging market is segmented into Latin America, North America, and Middle East & Africa, Europe, and Asia Pacific region. North America is leading the global protein packaging market, particularly United States.
The higher percentage of North America is attributed to a large North American population engaged in fitness. Moreover, North America has an exceptional fitness and athletics infrastructure which leads to increased consumption of sports and nutrition drinks and hence, driving the demand for global protein packaging market.
Asia Pacific is expected to register faster growth owing to increasing demand for dietary supplements in economies like India and China. Increasing disposable income of households is also increasing the demand for protein packaging market in the Asia Pacific region.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
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