The changing lifestyle has made consumers more aware regarding their health, owing to which consumers have been taking special care and concern about their eating habits. It includes day-to-day functions and behaviors of individuals in jobs, fun, activities and diet. According to World Health Organization, 60% of the factors such as jobs, activities, fun, and diet which are related to people health and quality of life are interrelated to their lifestyle. So, rise in the adoption of healthy lifestyle by individual by adding supplements to their day-to-day diet to fulfill the nutrient gap is anticipated to increase the consumption of nutraceutical products and propel the market growth rate.
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Data Bridge Market Research analyses that the Nutraceutical Packaging Market is expected to reach USD 7,357.44 million by 2028 from USD 4,771.54 million in 2020, growing at a CAGR of 5.6% in the forecast period of 2021 to 2028. The growing consumption of dietary supplements will provide potential opportunities for the market growth in the forecast period.
Growing consumption of dietary supplements is expected to drive the market's growth rate
Dietary supplements are those products which contain one or more dietary ingredients that aid in supplementing the diet. Nutritional supplements contain meal supplements, vitamins, minerals, herbs and products which help improve the nutrient levels. They are used to protect against health problems such as osteoporosis, cancer, stress, colds, heart attacks and tooth decay, correct various lifestyle deficiencies, increase energy and improve physical performance. Minerals and vitamins are the most frequently used dietary supplements by people all over the globe. As the demand for dietary supplements rises, there is a surge in the demand for nutraceutical packaging products, which is the major factor for the market's growth.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Bottles, Cans and Jars, Bags and Pouches, Cartons, Stick Packs, Blister Packs, Display Boxes, Canister, and Others), Material Type (Plastic, Metal, Glass, Paper and Paperboard, and Others), Product Type (Child Resistant Packaging, Starter and Demo Kits, Brand Kits, On-The-Go Mobility, Single Use, Stick Packs, and Others), Package Coating and Specialty (Gloss and Raised UV Coatings, Pearlescent Coatings, Specialty Coating, Metallic Sheens, Reticulation Effects, Embossing and Debossing, Foil Stamping, and Others), Nature (Conventional, Eco-Friendly, and Recyclable), Category (Regular Packaging, and Customized Packaging), End Use (Retail and Industrial), Application (Dietary Supplements, Medicinal Foods, Nutricosmetics, Herbal Products, Isolated Nutrient Supplements, Functional Food, Functional Beverages, and Others), End Product Form (Dry and Liquid)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Huhtamaki (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies, Inc. (U.S.), Henry Molded Products Inc. (U.S.), EnviroPAK (U.S.), Robert Cullen Ltd. (U.K.), Heracles Packaging Co. S.A. (Greece), James Cropper plc. (U.K.), buhl-paperform GmbH (Germany), Pactiv LLC (U.S.), Footprint (U.K.), Dentas Romania S.R.L. (Romania), FiberCel (U.S.), Nippon Mold Industry Corporation (Japan), Okulovskaya Paper Factory (Russia), Keiding, Inc. (U.S.), Atlantic Pulp (U.S.), Western Pulp Products Company (U.S.),, Primapack SAE. (Egypt), Best Plus Pulp (China), AFP, Inc., (U.S.) and Sonoco Products Company (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The nutraceutical packaging market is segmented on the basis of type, material type, product type, package coating and specialty, nature, end use, application and end product form.
The plastic segment of material type segment is anticipated to dominate the nutraceutical packaging market
The plastic segment is expected to dominate the nutraceutical packaging market with a CAGR of 6.8% in the forecast period of 2021 to 2028 owing to increasing demand of plastic material for packaging and growing technological advancements in the packaging sector.
The product type segment of child resistant packaging segment is anticipated to dominate the nutraceutical packaging market.
The child resistant packaging segment is expected to dominate the nutraceutical packaging market with a CAGR of 6.5% in the forecast period of 2021 to 2028 owing to the rise in demand for the child-resistant solutions to avoid accidental ingestion of lethal materials by children all over the globe.
Major Players
Data Bridge Market Research recognizes the following companies as the major nutraceutical packaging market players in nutraceutical packaging market Huhtamaki (Finland), Brødrene Hartmann A/S (Denmark), UFP Technologies, Inc. (U.S.), Henry Molded Products Inc. (U.S.), EnviroPAK (U.S.), Robert Cullen Ltd. (U.K.), Heracles Packaging Co. S.A. (Greece), James Cropper plc. (U.K.), buhl-paperform GmbH (Germany), Pactiv LLC (U.S.), Footprint (U.K.)
Market Development
Regional Analysis
Geographically, the countries covered in the nutraceutical packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
North America is the dominant region in nutraceutical packaging market during the forecast period 2021 to 2028
North America dominates the nutraceutical packaging market due to the growing consumption and production of nutraceutical packaging. North America will continue to dominate the nutraceutical packaging market in terms of market revenue and market share and will continue to flourish its dominance due to rising awareness regarding the numerous health benefits of nutraceutical packaging.
Asia-Pacific is estimated to be the fastest-growing region in nutraceutical packaging market the forecast period 2022 to 2029
Asia-Pacific is expected to grow during the forecast period of 2021 to 2028. This is mainly owing to the presence of large number of nutraceutical packaging suppliers in this region. Furthermore, growing demand for high quality packaging is also anticipated to drive the market rate growth in this region.
COVID-19 Impact Analysis
COVID-19 had a positive impact on the global nutraceutical packaging market. The consumption of nutraceuticals has augmented due to the COVID-19 pandemic globally, which has had an effect on the food and beverage sector. The COVID-19 aftermath has had a very advantageous effect on the nutraceutical packaging industry because customers are more expected to purchase nutraceuticals and other wellness products. In the wake of the pandemic, people's augmented attention to product shelf life and safety has augmented the demand for the cutting-edge packaging materials for nutraceuticals. However, the supply chain was rigorously disrupted due to a lack of resources and transportation in the pandemic. Despite the outbreak of COVID-19 pandemic, the manufacturers have been generating new opportunities by taking part in exhibitions to increase awareness regarding the benefits of nutraceuticals.
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Global Nutraceutical Packaging Market – Industry Trends and Forecast to 2028
Europe Nutraceutical Packaging Market – Industry Trends and Forecast to 2028
North America Nutraceutical Packaging Market – Industry Trends and Forecast to 2028
Asia-Pacific Nutraceutical Packaging Market – Industry Trends and Forecast to 2028
Middle East and Africa Nutraceutical Packaging Market – Industry Trends and Forecast to 2028
Amcor Plc, Mondi, Berry Global, Inc, are dominating the North America Nutraceutical Packaging Market in 2021