The global supplements & nutrition packaging market size is expected to reach USD 33.7 billion by 2028, registering a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Increasing consumer awareness regarding nutrition, health, & wellness, and rising adoption of immunity-boosting supplements due to the COVID-19 pandemic are expected to augment the market growth.
The nutrition and supplement manufacturers are outsourcing production activities to contract manufacturers, as the construction of their own manufacturing unit demands a significant investment. The Contract Manufacturing Organizations (CMOs) are now increasingly focusing on certifications, packaging variety, and expertise to meet consumer demand, which has been contributing to the market growth.
Supplement & nutrition packaging companies are focusing on incorporating dispensing mechanisms, administration aids, sustainable materials, tamper evidence properties, and counterfeiting measures to enhance product functionality and safety. Companies are developing packaging from compostable materials and are also using Post-Consumer Recycled (PCR) materials to increase the sustainability of packaging.
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Primary packaging dominated the market in 2019 and is expected to retain the leading position throughout the forecast period owing to the increasing adoption of innovative primary packaging products
PET was the key plastic type used in the supplement & nutrition packaging market owing to its tensile strength, high impact resistance, and 100% recyclable properties
The liquid formulation segment is expected to register the highest CAGR of 7.3% from 2020 to 2028 owing to the increasing demand for sports and energy drinks
Asia Pacific emerged as the leading regional market and accounted for over 43% of the global revenue share in 2019
The region is projected to expand further at the fastest CAGR from 2020 to 2028 due to the rapidly growing supplement & nutrition manufacturing sector in China and India
The global market is moderately fragmented with the presence of a significant number of large- and medium-sized companies
Key companies have undertaken various strategies, such as mergers and acquisitions, to increase their market share.
Grand View Research has segmented the global supplements and nutrition packaging market on the basis of packaging type, material, formulation, and region:
Supplements & Nutrition Packaging Type Outlook (Revenue, USD Million, 2017 - 2028)
Primary Packaging
Bottles and Jars
Tins and Cans
Stand-up Pouches
Sachets and Other Pouches
Blisters and Strips
Rigid Papers
Secondary & Tertiary Packaging
Paperboard
Flexible Paper/Plastic/Metal
Supplements & Nutrition Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)
Glass
Plastic
PET
HDPE
PP
Others
Metal
Paper & Cardboard
Supplements & Nutrition Packaging Formulation Outlook (Revenue, USD Million, 2017 - 2028)
Tablets
Capsules & Pills
Powder
Soft Gels
Liquids
Supplements & Nutrition Packaging Regional Outlook (Revenue, USD Million, 2017 - 2028)
North America
U.S.
Canada
Europe
Germany
U.K.
Spain
France
Italy
Russia
Asia Pacific
China
Japan
India
Australia
Singapore
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
UAE
List of Key Players of Supplements & Nutrition Packaging Market
Glenroy, Inc.
Comar, LLC.
Alpha Packaging
Graham Packaging Company
Gerresheimer AG
ePac Holdings, LLC
Law Print & Packaging Management Ltd.
MPS (Moulded Packaging Solutions)
OPM Labels
Container and Packaging Supply, Inc.
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