Global sales of nutraceutical packaging are valued at USD 9.6 billion in 2024 and are expected to reach a revenue of USD 16.1 billion in 2034. Revenue is set to increase at a CAGR of 5.2% during the forecast period, from 2024 to 2034. Nutraceutical packaging generated revenue worth USD 9.2 billion in 2023. It is expected to record a Y-o-Y growth of 3.1% in 2024.
Blister is the leading packaging format for nutraceutical packaging contributing more than 28.5% of value share in forecast period. Blister packaging is the most preferred in the nutraceuticals packaging market. Excellent oxygen, moisture, and light barrier of blisters helps keep potency of a product active and gives products a longer shelf life.
This package will also enhance consumer confidence in safety with tamper evident features. The compact and lightweight designs provides easy portability and convenience for on-the-go consumers.
Additionally, it is convenient in terms of dosage because the consumer can use individual unit-dose packages without affecting remaining package contents. Such advantages contribute to gain blister packaging a leading share during the forecast period.
Global Nutraceutical Packaging Industry Assessment
Attributes | Key Insights |
---|---|
Historical Size, 2023 | USD 9.2 billion |
Estimated Size, 2024 | USD 9.6 billion |
Projected Size, 2034 | USD 16.1 billion |
Value-based CAGR (2024 to 2034) | 5.2% |
In the market of the nutraceutical packaging industry, functional food is one of the leading application with almost 44% of market share. This is because they meet health beneficial needs along with satisfying consumers' standard nutrition.
Fortified foods, probiotics, and dietary supplements are examples of a category of products that require specialized packaging to preserve the integrity of active constituents, maximize shelf life, and ensure stability of the product.
In addition, it fulfills the time-conscious consumer demand who looks to consume ready-to-eat, convenience-products tailored to busy lifestyles that can accommodate healthy benefits on the go. The increasing trend toward health-conscious consumers and awareness of preventive healthcare propels demands for well-packaged functional foods.
The nutraceutical packaging industry could possibly see encouraging growth in the forecast period. It is estimated to present an incremental opportunity of USD 6.8 billion and is expected to surge 1.7 times the current market value through 2034.
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The below table presents the expected CAGR for the global nutraceutical packaging market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 5.5%, followed by a slightly low growth rate of 5.3% in the second half (H2) of the same decade.
Particular | Value CAGR |
---|---|
H1 | 5.5% (2023 to 2033) |
H2 | 5.3% (2023 to 2033) |
H1 | 5.1% (2024 to 2034) |
H2 | 5.4% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase slightly to 5.1% in the first half and remain relatively moderate at 5.4% in the second half. In the first half (H1) the market witnessed a decrease of 20 BPS while in the second half (H2), the market witnessed an increase of 30 BPS.
Increasing Global Geriatric Population Drives Demand
An aging population with unique health concerns drives the nutraceutical market and, hence, the nutraceutical packaging industry. As people live longer, demand for those products that have been convincingly proven to address age-related problems such as joint health, cognitive decline, and immune function increases continuously.
A growing population of elderly people will be interested in nutraceuticals marketed as complementary alternatives to prescription drugs. In addition, preventive health care and diseases in the elderly also create demand for specific-purpose nutraceutical ingredients, such as nutraceuticals for heart health, brain function, or diabetes management.
This increased nutraceutical use calls for innovative packaging solutions, targeting the unique needs of the market. Innovation in product design will rely on features like easy-open lids, single-serve formats, and clear labeling that enable old age consumers to use products correctly as well as adhere to a supplement regimen.
Rising Health Awareness and Wellness Trends
With this increase in consumer awareness of health, nutraceuticals have gone up in demand to ensure overall wellness and preventive health. Consumers, these days, are more health-conscious and seek products that would enhance their immunity, digestion, etc.
This, in turn, has increased demand for such efficient packaging solutions that keep them fresh and potent with time. Packaging able to provide protection against moisture, light, and contamination has become of the most important. Thus, focus on health and wellness has, in turn, resulted for growth in nutraceutical packaging.
Cost Constraints Present a Significant Challenge
One of the major challenges related to this market is cost, as nutraceutical packaging requires proprietary ingredients and formulations along with production processes, which increases the manufacturing cost. R&D investments and regulatory compliance from various authorities add to costs, making it costlier for the final consumer while keeping it out of the price-sensitive segments.
These costs also go on to influence the material and design choices for the packaging as sustainable solutions are initially more expensive. This makes packaging companies struggle to maintain quality and compliance balanced with affordability. It can slow the growth of the market and innovation in the sector.
The global nutraceutical packaging industry recorded a CAGR of 5.2% during the historical period between 2019 and 2023. The growth of nutraceutical packaging industry was positive as it reached a value of USD 9.2 billion in 2023 from USD 7.8 billion in 2019.
Historic period continued to see a growth in the nutraceutical packaging market around the world due to highly increased health consciousness, increased dietary supplements consumption, and a growing need for convenient yet eco-friendliness in the packaging.
COVID-19 accelerated this growth by raising the demand for immunity-boosting supplements, giving it a significant thrust in the market in terms of demand for safe and efficient packaging solutions. Growth in this time reflected greater propensity towards new packaging solutions in terms of blister packs, pouches, and eco-friendly materials.
The nutraceutical packaging market can continue rising, focusing towards sustainable packaging solutions and advanced materials for maintaining the integrity of the final product.
Interest by consumers in preventive health, regulatory legislations in favor of green packaging, and technological advancement in packaging design may be some of the encouraging factors, however, growth rates may be slowed by cost constraints as companies continuously trying to balance affordability with quality.
Overall, the near future will see more sustainable, innovative, and consumer-friendly packaging options, the need for which mirrors the emerging needs of a global nutraceutical market.
Urbanization and digitization have drastically influenced lifestyles and altered them in ways that have adversely affected overall health, and this has now become a serious issue due to the rising prevalence of health disorders on a mass scale. Focus on health and fitness has risen significantly over the past years, and this has driven demand for nutraceuticals on a global scale.
Emerging economies and developing nations expected to prove to be the most rewarding markets for nutraceutical packaging suppliers over the coming years. Untapped potential from these markets could boost sales of nutraceutical packaging on a global level.
Packaging for nutraceuticals anticipated to see major developments due to rising demand for sustainable packaging solutions across the world amidst increasing environmental concerns.
Tier 1 companies include market leaders that correspond capturing significant market share between more than 10% to 15% in the global market. High production capacity and a wide product portfolio characterize these market-leading firms. These players are characterized by substantial manufacturing experience concerning a range of products for different applications and geographic penetration, backed by a strong consumer base.
These companies manufacturing the products have products on offer with a wide range and with state-of-the-art technological innovations, coupled with adherence to regulatory imperatives that offer nothing but the best quality. Tier 1 prominent companies include Amcor Plc, Berry Global, Gerresheimer AG, Graham Packaging, ALPLA Group, SIG, and Axium Packaging.
The companies in Tier 2 with 20% to 25% market share include mid-size players present in specific regions, and highly influencing the regional market. Such players are characterized by a limited international presence and well-maintained market knowledge.
In the case of such market players, the technology is good, and the regulatory compliance is ensured, though advanced technology with wide global reach may not be there. While other prominent companies in tier 2 include Comar Group, Klöckner Pentaplast, O-I Glass, Inc., PPC Flex Pack, Aptar Group, and Hoffman Neopac.
The rest are very small companies operating at the local presence and serving niche markets having revenue in few million. These companies are notably oriented to the fulfillment of local market demands and are consequently classified within the tier 3 share segment with 60% to 70% market share.
They are players on a very small scale, and have very limited geographical reach. Within this context, Tier 3 can be described as an unorganized market a generic term applied to that part of the industry, which has less structure, and formalization compared to the organized competitors.
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The section below covers the industry analysis of the nutraceutical packaging market for different countries.
Countries | Value CAGR (2024 to 2034) |
---|---|
USA | 4.5% |
Germany | 3.6% |
UK | 3.8% |
Brazil | 4.6% |
India | 5.5% |
China | 5.1% |
Japan | 3.4% |
South Africa | 4.2% |
The nutraceutical packaging industry in India is projected to create an incremental opportunity of USD 748.1 million over the forecast period. The country is estimated to hold more than 46% share of the South Asia region by 2034.
The India Brand Equity Foundation (IBEF) mentioned that the country’s pharmaceutical industry is set to attain a value of around USD 65 billion by 2024 and is anticipated to reach USD 130 billion by the end of 2030. Growth in demand for nutraceuticals, in the form of dietary supplements and functional foods, directly driven by the growth in the pharmaceutical sector.
Preventive health would be the driving force behind growth in demand for high quality, innovative packaging solutions to ensure product stability, safety, and shelf life. Increased investments and advancing packaging technology help further, as companies meet regulatory demands as well as consumer demands for sustainable, convenient packing.
This will further fast-track innovation and growth in the nutraceutical packaging segment in India.
The data published by the International Trade Administration in December 2023, states that Germany is the third-largest medical technology industry and the healthcare sector that generates around USD 883 billion of economic footprint i.e. 12% of the country’s GDP. In 2022, USD 469.2 billion worth of gross value was added by Germany to the healthcare industry.
As the demand for health-oriented products is increasing, such as dietary supplements and functional foods, along with the expanding healthcare sector, the company requires higher quality, compliant packaging solutions.
Such massive contribution speaks volumes for the explosion in markets for health-related products and the innovations and investments in sophisticated packaging. Moreover, Germany is critical in terms of regulatory measures with a high standard for packaging, including safety.
The section contains information about the leading segments in the industry.
Material | Plastic |
---|---|
Value Share (2034) | 48.6% |
Plastic based nutraceutical packaging is leading in global market with 48% of value share in 2024 expanding at 5.2% of CAGR in forecast period. Its flexibility, ruggedness, and affordability have boosted the demand for plastic based nutraceutical packaging. PET and HDPE plastics are the most popular materials since they easily provide excellent moisture and oxygen barriers that can preserve product potency and shelf life.
These are lightweight, so they are less expensive to transport, making them easier for consumers. Plastic packaging is also flexible, which comes in various shapes and sizes to accommodate the kind of nutraceutical products. Advanced recyclable and biodegradable plastics also help lessen the problem on the environment, contributing to further growth in the category.
Ingredients | Vitamins |
---|---|
Value Share (2034) | 37.2% |
Vitamins is the leading segment in ingredients in nutraceutical packaging industry with more than 38% of value share. Due to the high consumption of vitamins in health supplements as well as daily nutrition products, the segment is leading.
Increased consumer awareness on preventive health care and products related to boosting immunity has prompted increased vitamin supplement demand since the outbreak of the COVID-19 pandemic. Due to the sensitivity of vitamins towards light, moisture, and air, there is a need for special packaging that ensures stability and efficacy of the ingredient.
This saw more investment in protection and innovative packaging solutions such as blister packs and sealed containers. The highest factor responsible for vitamin dominance over time is the demand from a wide range of age groups and specific health needs for vitamins.
Competition in the market of nutraceutical packaging is due to global and regional players competing on innovation, material sustainability, and cost efficiency. Global leader in the field investing in lightweight, eco-friendly materials that are recycled material, as more consumers demand sustainable packaging.
Mergers and acquisitions as well as strategic partnerships are trendy to enhance production capacity and extend a global reach. Furthermore, technological intervention in design and manufacturing processes helps companies gain market share.
Recent Industry Developments in Nutraceutical Packaging Market
In terms of packaging format, the industry is divided into bottles & jars, boxes & cartons, tubes, blisters, and others.
In terms of material, the industry is segregated as glass, paper & paperboard, metal, and plastic.
The industry is classified by product form as tablets & capsules, powder & granules, soft gel, and liquids.
The industry is classified by ingredients as vitamins, minerals, probiotics & prebiotics, amino acid, omega 3 fatty acid, and others.
The industry is classified by application as dietary supplements, functional food, and functional beverages.
Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East and Africa (MEA), have been covered in the report.
The global nutraceutical packaging industry is projected to witness CAGR of 5.2% between 2024 and 2034.
The global nutraceutical packaging industry stood at USD 9.2 billion in 2023.
The global nutraceutical packaging industry is anticipated to reach USD 16.1 billion by 2034 end.
East Asia is set to record the highest CAGR of 5.4% in the assessment period.
The key players operating in the global nutraceutical packaging industry include Amcor Plc, Berry Global, Gerresheimer AG, Graham Packaging, ALPLA Group, SIG, and Axium Packging.
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