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. 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.
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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.
Further key findings from the report
suggest:
·
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 pouches
·
Plastic 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 sachets
·
By 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 segment
·
Asia 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 China
·
Key players in this
space include SKS Bottle & Packaging, Inc.; Alpha Packaging, Assemblies
Unlimited, Inc.; BALL CORPORATION.; Gerresheimer AG; and Law Print &
Packaging Management Ltd.
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Continued…
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CA 94105, United States
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Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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