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Nutraceutical Packaging Market to Reach USD 6,354.73 Million Globally by 2033 at 5.4% CAGR: Future Market Insights, Inc.

Posted on by darion

The global nutraceutical packaging market is expected to cross USD 3,755.7 million in 2023, expanding at a compound annual growth rate (CAGR) of 5.4% to reach a market valuation of USD 6,354.73 million by 2033. This growth is being driven by several factors, including rising demand for dietary supplements and nutraceutical products, aging population, and the rise of e-commerce and online shopping.

To meet the demands of the nutraceutical and supplement market, the packaging industry is undergoing a significant transformation, with trends shaping the market. The shift to eco-friendly packaging materials, personalized packaging options, and single-use packaging is gaining popularity, especially as sustainability becomes an increasingly important issue for consumers.

By focusing on sustainable and environmentally friendly packaging options, companies can develop cost-effective packaging solutions that offer high product protection and preservation. Investing in R&D to create new packaging formats such as sachets, pouches and single-serve packaging can help companies meet the changing demands of the supplement and nutraceutical packaging market.

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As the focus on health and fitness continues to grow, the consumption of nutraceutical packaging is expected to increase in emerging economies and developing countries. The untapped potential of these markets could boost the sales of nutraceutical packaging on a global level. However, strict packaging mandates by governments may limit the market potential to some extent.

In summary, the nutraceutical packaging industry presents significant opportunities for companies looking to enter the market. By developing innovative and sustainable packaging solutions that address specific market needs, companies can meet the growing demand for nutraceutical products while addressing sustainability issues. The future of the nutraceutical packaging industry looks promising, with the market set to experience significant growth in the coming years.

Key findings from the nutraceutical packaging market:

  • In 2022, the European nutraceutical packaging industry was worth USD 1,461.8 million.
  • The North American nutraceutical packaging industry is expected to be worth $995.8 million in 2022.
  • The US nutraceutical packaging market was valued at USD 920.7 Mn in 2022. The market is expected to grow at a CAGR of 5.0% during the forecast period.
  • The Indian nutraceutical packaging industry was estimated to be worth USD 96.0 Mn in 2022. The adoption of nutraceutical packaging in India is expected to grow at a significant CAGR of 9.8% during the forecast period.
  • The dietary supplements category, valued at $2,349.3 million in 2022, was the dominant product type in the nutraceutical packaging industry.
  • In 2022, bags and pouches dominated the nutraceutical packaging sector, generating revenue of USD 1,235.0 million.
  • The powders and granules sector, valued at USD 1,330.7 million, was the largest product form in the nutraceutical packaging industry in 2022.

From personalized packaging to sustainable materials: innovation and growth opportunities for nutraceutical packagers

The nutraceutical packaging industry is highly competitive, with many players vying for market share. As demand for eco-friendly and sustainable packaging options continues to grow, companies are focusing on developing innovative packaging solutions that address the specific needs of the nutraceutical and supplement market.

One of the significant trends driving the industry is the shift towards using sustainable packaging materials, which not only reduce the carbon footprint but also help attract eco-conscious consumers. Additionally, the trend towards disposable packaging and personalized packaging options is also gaining popularity in the market.

To stay competitive, companies are investing heavily in R&D to create new packaging formats, such as sachets, pouches, and single-serve packaging. Such innovations are designed to extend the shelf life of products and improve their visual appeal. Companies are also taking advantage of the growing popularity of e-commerce channels to create customized packaging solutions that meet specific consumer needs.

Competitive Landscape

The nutraceutical packaging sector is highly competitive and fragmented, with both established and new companies vying for market dominance. The sector is distinguished by a wide range of packaging materials, including plastic, paper, glass and metal, each with its own advantages and disadvantages. The sector is also becoming increasingly consolidated as companies seek to expand their product offerings and geographic reach through mergers and acquisitions.

Key players

  • Alpha Packaging
  • Amcor Limited
  • Gerresheimer AG
  • Mondi Plc.
  • RPC Group
  • Graham Packaging Company
  • Sonoco Products Company
  • Constantia Flexible Group GmbH
  • ALPLA Werke Alwin Lehner GmbH & Co KG
  • Flexible package
  • Law Print & Packaging Management Ltd.
  • American Food Corporation
  • Wasdell Packaging Group
  • PontEuropa
  • Arizona Nutritional Supplements LLC
  • Comar
  • Medifilm AG
  • Orgin Pharma packaging
  • CSB Food Corporation
  • Nutra Solutions USA

Key Segments of the Nutraceutical Packaging Industry Study

By packaging type:

  • Blisters
  • Bottles and jars
  • Bags and pouches
  • Stick Packs
  • Boxes and cartons
  • Containers
  • Sprays
  • VSP and MAP

By product type:

  • Nutraceutical Packaging for Dietary Supplements
  • Nutraceutical packaging for functional foods
  • Nutraceutical packaging for functional beverages

By product form:

  • Tablets and capsules
  • Powder and granulate
  • Liquid
  • Reliable

By material:

  • Glass Nutraceutical Packaging
  • Cardboard packaging for nutraceuticals
  • Plastic packaging for nutraceuticals
  • Aluminum packaging for nutraceuticals

By ingredient:

  • Vitamins
  • Minerals
  • Prebiotics
  • Probiotics
  • Amino acids
  • Omega 3 fatty acids
  • Others

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award winner, and member of the Greater New York Chamber of Commerce) offers in-depth insights into the factors driving market demand. FMI is a leading global provider of market intelligence, advisory services, consulting, and events for the packaging, food and beverage, consumer technology, healthcare, industrial, and chemical markets. With an extensive team of over 400 analysts, FMI offers global, regional and local expertise across diverse disciplines and industry trends in more than 110 countries.

Contact us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Apartment 401, Newark, Delaware – 19713, USA
Phone: +1-845-579-5705
For commercial inquiries: [email protected]
Website: https://www.futuremarketinsights.com
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