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Nutraceutical Packaging Market Size

  • Report ID: GMI7036
  • Published Date: Oct 2023
  • Report Format: PDF

Nutraceutical packaging Market Size

Nutraceutical Packaging Market size was valued at USD 3.4 billion in 2022 and is anticipated to register a CAGR of over 4.8% between 2023 and 2032. The increasing demand for dietary supplements, functional foods, and nutraceutical products fuels the need for specialized packaging to protect and preserve these products. Growing health consciousness and awareness among consumers drive the demand for nutraceuticals, which, in turn, boosts the market for appropriate packaging solutions.

 

The development of innovative nutraceutical products, such as vitamins, minerals, herbal supplements, and probiotics, creates a need for packaging that enhances product appeal and ensures product integrity. Packaging that offers convenience, such as single-serving packets, blister packs, and pouches, meets the demands of consumers looking for easy-to-use nutraceutical products. With an aging population, there is a growing demand for nutraceutical products that address specific health needs, such as bone health, joint support, and cognitive health. Packaging tailored to seniors may be required.

 

Nutraceutical products are subject to various regulations and quality standards. The choice of packaging materials is critical. Finding packaging materials that are safe, protect product integrity, and align with sustainability goals can be challenging. Manufacturers must balance the cost of packaging with the overall production cost. High-quality, specialized packaging materials can be expensive, impacting the product's affordability.

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

Nutraceutical packaging industry size was USD 3.4 billion in 2022 and is projected to witness over 4.8% CAGR from 2023 to 2032 driven by the increasing demand for dietary supplements, functional foods, and nutraceutical products worldwide.

The dietary supplements segment held more than 40% of the market share in 2022 and is estimated to expand up to 2032 owing to the increasing need for clear and informative labeling to convey ingredients, dosage instructions, and health benefits to consumers.

U.S. nutraceutical packaging industry generated more than USD 1 billion in revenue in 2022 and is expected to witness robust growth through 2032 owing to the growing health and wellness awareness in the region.

Some of the leading nutraceutical packaging firms include Berry Global, Bemis Company, Inc. (now part of Amcor Plc), AptarGroup, Inc., Amcor, Plc., Constantia Flexibles Group, Mondi Group, and Owens-Illinois, Inc.

Nutraceutical Packaging Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 20
  • Pages: 300
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