Extended shelf life in nutraceutical packaging is paramount as it directly influences product quality, consumer satisfaction, and sustainability. Implementing barrier coatings and airtight seals creates a protective environment, shielding nutraceuticals from factors such as moisture, light, and air that can accelerate degradation. This preservation ensures the products' longevity and reduces spoilage and waste, aligning with the broader goals of sustainable packaging. Nutraceutical packaging, through its role in extending shelf life, thus becomes essential in maintaining product integrity, minimizing environmental impact, and meeting consumer expectations for quality and effectiveness over an extended period.
According to Data Bridge Market Research analyses, the Global Nutraceutical Packaging Market, which was USD 5,357.42 million in 2022, is expected to reach USD 8,328.46 million by 2030, growing at a CAGR of 5.80% during the forecast period of 2023 to 2030.
"Rise in the aging population boosts the market growth"
The increase in the aging population serves as a significant driver for the global nutraceutical packaging market. As the global demographic landscape shifts towards an older population, there is a growing emphasis on health and wellness. Nutraceuticals, which encompass supplements and functional foods, are increasingly sought by the aging demographic for their potential health benefits. This heightened demand necessitates packaging solutions that ensure the preservation of product efficacy, freshness, and safety. The nutraceutical packaging market responds to this trend by innovating packaging technologies that meet the unique needs of aging consumers and enhance product presentation, compliance, and ease of use.
What restraints the growth of the global nutraceutical packaging market?
“Supply chain disruption hampers the market growth”
Supply chain disruptions serve as a significant restraint on the global nutraceutical packaging market. These disruptions can manifest in various forms, such as transportation delays, raw material shortages, or manufacturing interruptions. The interconnected nature of the supply chain, coupled with global events such as natural disasters, pandemics, or geopolitical tensions, can lead to disruptions that affect the production and distribution of nutraceutical packaging materials.
Segmentation: Global Nutraceutical Packaging Market
The global nutraceutical packaging market is segmented on the basis of type, material type, product type, package coating and specialty, nature, category, end use, application, and end product form.
- On the basis of type, the global nutraceutical packaging market is segmented into bottles, cans and jars, bags and pouches, cartons, stick packs, blister packs, display boxes, canister, and others
- On the basis of material type, the global nutraceutical packaging market is segmented into plastic, metal, glass, paper and paperboard, and others
- On the basis of product type, the global nutraceutical packaging market is segmented into child resistant packaging, starter and demo kits, brand kits, on-the-go mobility, single use, stick packs, and others
- On the basis of package coating and specialty, the global nutraceutical packaging market is segmented into gloss and raised UV coatings, pearlescent coatings, specialty coating, metallic sheens, reticulation effects, embossing and debossing, foil stamping, and others
- On the basis of nature, the global nutraceutical packaging market is segmented into conventional, eco-friendly, and recyclable
- On the basis of category, the global nutraceutical packaging market is segmented into regular packaging and customized packaging
- On the basis of end use, the global nutraceutical packaging market is segmented into retail and industrial
- On the basis of application, the global nutraceutical packaging market is segmented into dietary supplements, medicinal foods, nutricosmetics, herbal products, isolated nutrient supplements, functional food, functional beverages, and others
- On the basis of end product form, the global nutraceutical packaging market is segmented into dry and liquid
Regional Insights: North America dominates the Global Nutraceutical Packaging Market
North America dominates global nutraceutical packaging, driven by a heightened demand for health-oriented products, innovative packaging technologies, and a commitment to sustainability. The region's proactive approach to meeting regulatory standards and fostering industry collaboration underscores its leadership in providing advanced packaging solutions that cater to evolving consumer needs.
Asia-Pacific is expected to experience significant growth during the forecast period from 2023 to 2030 due to the flourishing e-commerce sector. The changing consumer landscape, driven by increased online purchasing of health-focused products, necessitates packaging solutions that ensure product integrity and appeal. The intersection of e-commerce growth and evolving packaging needs underscores the pivotal role of innovative and protective packaging in meeting the demands of a dynamic and expanding market.
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-nutraceutical-packaging-market
Recent Developments in the Global Nutraceutical Packaging Market
- In April 2023, Berry Global celebrated the inauguration of its cutting-edge healthcare manufacturing facility and Global Centre of Excellence in Bangalore, India, marking a significant achievement in Berry's global healthcare operations. The special opening ceremony underscored the completion of this impressive facility
- In April 2022, Amcor plc, a leading global provider of sustainable packaging solutions, announced the incorporation of new, eco-friendly High Shield laminates into its pharmaceutical packaging portfolio. These innovative, low-carbon, recycle-ready packaging options address both the industry's high barrier and performance requirements while aligning with pharmaceutical companies' sustainability agendas
The Prominent Key Players Operating in the Global Nutraceutical Packaging Market Include:
- Amcor plc (Switzerland)
- Bemis Manufacturing Company. (U.S.)
- AptarGroup, Inc. (U.S.)
- Berry Global Inc. (U.S.),
- Gerresheimer AG (Germany)
- Schott AG (Germany)
- Mondi (Austria)
- WestRock Company (U.S.)
- TricorBraun (U.S.)
- CCL Industries (Canada)
- Sonoco Products Company (U.S.)
- RPC Group (U.K.)
- Constantia Flexibles (Austria)
- Bormioli Pharma S.p.A. (Italy)
- Graham Packaging Company (U.S.)
- alphapackaging.co (U.S.)
- Tekni-Plex, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global nutraceutical packaging market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Nutraceutical Packaging Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
