Supplements & Nutrition Packaging Market Worth $28.1 Billion by 2025: Grand View Research, Inc.
SAN FRANCISCO, Oct. 14, 2019 /PRNewswire/ — The global supplements & nutrition packaging market size is expected to reach USD 28.1 billion by 2025, expanding at a CAGR of 3.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing focus on branding among nutrition supplement players, rising number of contract packaging services, and increasing awareness related to labelling are key factors driving the market.
Key suggestions from the report:In 2018, primary packaging held the largest revenue share by type, owing to rising consumption of powdered supplements and sports and energy drinks as well as increasing demand for stand-up pouchesPlastic held the largest revenue share in 2018 in terms of material owing to increasing utilization of plastics in packing nutrition supplements. Plastics are used in the manufacturing of bottles, stand-up pouches, and sachetsBy formulation, the powder segment accounted for a major revenue share of nearly 46.0% in the global market in 2018. Rise in consumption of powdered supplements such as amino acid powders and protein powders majorly contributes to the growth of this segmentAsia Pacific held the dominant revenue share in 2018, due to high consumption of dietary supplements in the region and presence of a large number of contract manufacturing hubs, especially in countries such as India and ChinaKey players in this space include SKS Bottle & Packaging, Inc.; Alpha Packaging, Assemblies Unlimited, Inc.; BALL CORPORATION.; Gerresheimer AG; and Law Print & Packaging Management Ltd.
Read 100 page research report with ToC on “Supplements and Nutrition Packaging Market Size, Share & Trends Analysis Report By Type, By Material (Glass, Plastic), By Formulation (Tablets, Powder, Pills & Capsules), And Segment Forecasts, 2019 – 2025” at: https://www.grandviewresearch.com/industry-analysis/supplements-nutrition-packaging-market
Moreover, recent advancements in designs are expected to boost market growth. Recent advancements in packaging include smart packaging, non-destructive inspection methods, printing techniques, software systems and interfaces, automation architecture, and application of robotics and types of machinery. These techniques are focused on protecting brand image against counterfeiting activities. These techniques include unique fingerprint, anti-diversion codes, hologram-enabled authentication, and invisible inks.
Growing prevalence of chronic and lifestyle-related diseases is anticipated to increase demand for nutrition supplements among patients, which would in turn propel demand for various packing solutions. According to data published by the National Center for Biotechnology Information (NCBI) in 2015, about 46 million Indian women suffer from osteoporosis and the number is expected to increase during the assessment period.
Grand View Research has segmented the global supplements & nutrition packaging market on the basis of type, material, formulation, and region:Supplements and Nutrition Packaging Type Outlook (Revenue, USD Million, 2014 – 2025)PrimaryBottles and JarsTins and CansStand-up PouchesSachets and Other PouchesBlisters and StripsRigid PapersSecondary and TertiaryPaperboardFlexible Paper/Plastic/MetalSupplements and Nutrition Packaging Material Outlook (Revenue, USD Million, 2014 – 2025)GlassPlasticMetalPaper and CardboardSupplements and Nutrition Packaging Formulation Outlook (Revenue, USD Million, 2014 – 2025)TabletsPills and CapsulesPowderSoft gelsLiquidsSupplements and Nutrition Packaging Regional Outlook (Revenue, USD Million, 2014 – 2025)North AmericaEuropeU.K.GermanySpainItalyFranceRussiaAsia PacificChinaJapanIndiaAustraliaSingaporeSouth KoreaLatin AmericaMiddle East & AfricaSaudi ArabiaSouth AfricaUAE
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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