North America Nutraceutical Packaging Market is expected to grow with the CAGR of 5.8% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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North America nutraceutical packaging market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenario.
The major players dealing in North America nutraceutical packaging market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.
For instance:
- In June 2021, Mondi has approved USD 125.00 million capital investment project at its semi-chemical fluting mill in Kuopio, Finland. This investment will increase the facility’s capacity by around 55 thousand tonnes per annum to meet growing customer demand. This will enhance product quality and cost-competitiveness and also strengthen the company’s environmental performance.
Amcor Plc is the dominating player in North America nutraceutical packaging market. The other key players existing in the market are Amcor Plc, Mondi, Berry Global Inc., ALPHA PACKAGING, Pretium Packaging LLC, Glenroy, Inc., Mold-Rite Plastics, Maco PKG., Burgopak, Doran & Ward Packaging, AMGRAPH Packaging, Inc, Birchwood Contract Manufacturing, Drug Plastics Group, JohnsByrne, ActionPak, Inc., SGH HEALTHCARING, NuEra Nutraceuticals Inc, American FlexPack, Scholle IPN, Assemblies Unlimited, Inc, The Box Co-Op, Elis Packaging Solutions, Inc., Sonic Packaging Industries, VIRTUAL PACKAGING, and Airnov.
Amcor Plc
Amcor Plc headquarter is in Singapore. The company is focused on developing and producing for food & beverage, pharmaceutical, medical, home, and personal-care products
For instance,
- In June 2021, Amcor plc has partnered with Raptor packaging as a vendor for offering bottles, packers, and other containers for nutraceutical products. This helped the company to expands its business which further increases their market share.
The company has wide presence across Europe, Asia-Pacific, North America, South America, Middle East and Africa. The company also has various subsidiary companies including Amcor Limited (Australia), Amcor Packaging (U.S.A) Inc., Containers packaging (U.K), and Bemis Company Inc., (U.S).
Mondi
Mondi, founded in the year 1967, headquarter in England. The company focuses on contributing to a better world by making innovative, substantial packaging and paper solution.
For instance,
- In June 2020, Mondi has launched three new products under NAUTILUS brand. This product launch has helped the company to enhance its recycled paper operations.
The company has presence across Asia-Pacific, Europe, North America.
Berry Global Inc.
Berry Global Inc., founded in the year 1967, headquarter in U.S. The main focus is on creating and developing innovative packaging and engineered products as well as protective solutions that enhance consumer safety.
For instance,
- In April 2020, Berry Global, Inc announced Investment to Increase Production Capacity of Ultra High Performance (UHP) Machine and Hand Stretch Films. The company has invested approximately USD 30 million to increase production capacity for ultra-high performance stretch films. This investment has helped the company to full increasing customer demand for ultra-high performance stretch films.
The company has presence across North America, Europe, Asia-Pacific, and South America
Recent Developments in the Market
- In June 2021, Assemblies Unlimited, Inc. has announced that it is expanding its packaging and assembly operations to Los Angeles and New York. This expansion helped the company to strengthen their services to various industries
