Booming Nutraceutical Packaging: Asia-Pacific Leads the Surge (2022-2028) | UnivDatos

 

The COVID-19 pandemic has increased the importance of health. As a result, consumers are taking necessary actions to improve their lifestyles. Improving immunity is one of the key areas where a majority of the population is focusing on. This has created a surge in demand for nutraceutical products. Nutraceutical manufacturers grabbed this matchless opportunity positively, resulting in the increasing production of nutraceuticals in large volumes. This in turn, changed the dynamics of nutraceutical packaging. Besides this, the growing baby-boomer and millennial population and their focus on healthy lifestyles are fueling the market of nutraceutical products, thereby increasing the demand for packaging material.

According to UnivDatos Market Insights (UMI)’ research report “Global Nutraceutical Packaging Market”, the market is expected to showcase a growth of around 5% during the forecast period. Focus on ease of use and new delivery formats, higher requirements for quality control and clinical data, strong demand for weight loss products and functional beverages, growing middle class investing in health, and growing pouches and rigid plastic bottles with cartons, are some of the factors that are driving the market for nutraceutical packaging.

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Based on product type, the market is categorized into dietary supplements, functional foods, and functional beverages. Among these, dietary supplements uphold a strong position in the market. Improving awareness among consumers regarding the benefits of living a healthy lifestyle and products which help in driving a healthy lifestyle is increasing the consumption of dietary supplements.

Based on product form, the market is categorized into capsules, tablets, powder/premix, soft gels, and liquids. During the forecast period, the market for liquids is likely to showcase robust growth. Growing demand for easy-to-consume products and changing lifestyles resulting in demand for pre-prepared meals are some of the factors propelling the launch of liquid-based products. This in turn increases the demand for liquid packaging.

Asia-Pacific is expected to showcase robust growth over the forecast period

For a better understanding of the market adoption of Nutraceutical Packaging, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific accounted for a significant share of the market and is expected to retain its position over the forecast period. The large and growing middle class with disposable income to spend on filling nutritional gaps is one of the key factors driving the market for nutraceutical products, eventually fueling demand for nutraceutical packaging.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global nutraceutical packaging market include Amcor plc, Glenroy Inc., Gerresheimer AG, Mondi Plc, Sonoco Products Company, Graham Packaging Company, CSB Nutrition Corporation, Comar, and Medifilm AG. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Nutraceutical Packaging Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1.     By Packaging Type (Bottles & Jars, Bags & Pouches, Blisters & Strips, Sachets, and Others)

2.     By Packaging Material (Glass, Plastic, Metal, and Paper and Cardboard)

3.     By Product Type (Dietary Supplements, Functional Foods, and Functional Beverages)

4.     By Product Form (Capsules, Tablets, Powder/Premix, Soft Gels, and Others)

5.     By Region (North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of APAC), and Rest of World)

6.     By Company (Amcor plc, Glenroy Inc., Gerresheimer AG, Mondi Plc, Sonoco Products Company, Graham Packaging Company, CSB Nutrition Corporation, Comar, and Medifilm AG)

Explore the Comprehensive Research Overview - https://univdatos.com/report/nutraceutical-packaging-market

Key questions answered in the study:

1.     What are the current and future trends of the global nutraceutical packaging industry?

2.     How the industry has been evolving in terms of packaging type, packaging material, product type, and product form?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global nutraceutical packaging industry?

5.     What are the customer orientation, purchase behavior, and expectations from the global nutraceutical packaging suppliers across various region and countries?

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