Global Nutraceutical Packaging Market: An Overview
Nutraceutical products can be a functional food, beverages or other products are the nutritionally or medicinally derived food. Nutraceuticals are also known as phytochemical, designer foods, functional food, medical foods, and nutritional supplements. The nutraceutical packaging is essential to prevent nutraceuticals from the external contamination and provide a high barrier against oxidizing agents. Globally, bottles, pouches, bags, films are other products are used for the nutraceuticals. These products can be of various materials including paper and paperboards, glass, plastic, and metal. The increased demand for nutraceutical from the consumers has escalated the requirements for the adequate nutraceutical packaging. Both the manufacturer and the consumers prefer the neutraceutical packaging because of the ease of printing over them.
Global Nutraceutical Packaging Market: Dynamics
The global nutraceutical packaging is expected to witness a propelled growth because of the escalated use of neutraceutical products by the consumers. The increased health benefits by the nutraceutical products coupled with the increased expenditure on fitness and wellness of the people across the globe are expected to fuel the growth of the global nutraceutical packaging market. The increasing per capita income of people worldwide is expected to contribute to the growth of the nutraceutical packaging market further. Besides, the increasing health consciousness and shift to a healthier lifestyle is likely to contribute to the growth of neutraceutical packaging market further. The trends in global nutraceutical packaging market include the use of the UV ink labels which prevents the product form counterfeiting. The manufacturers are using blister packs for the packaging of tablet and the capsules in global nutraceutical packaging market. Bottles are the most used product type in the global nutraceutical packaging market. The use of eco-friendly plastics is expected to create opportunities in the worldwide nutraceutical packaging market. However, the higher cost of nutraceutical products can be a possible restraint for the growth of the global nutraceutical packaging market.
Global Nutraceutical packaging Market: Segmentation
Globally, the nutraceutical packaging market is segmented on the basis of material type, product type, and on the basis of neutraceutical product which are further segmented as -
On the basis of product type, the global nutraceutical packaging market is segmented as-
On the basis of material type, the global nutraceutical packaging market is segmented as-
On the basis of neutraceutical product, the global nutraceutical packaging market is segmented as –
Global Nutraceutical Packaging Market: Key players
Some of the key players operating in the global nutraceutical packaging market are –
Many local and unrecognized players are expected to contribute to the global nutraceutical packaging market during forecast period.
Global Nutraceutical Packaging Market: Regional outlook
The global nutraceutical packaging market is segmented into North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific excluding Japan, Middle East & Africa, and Japan. Out of which North America is projected to register the highest growth in the global nutraceutical packaging market. The growth of nutraceutical packaging market in North America is attributed to the increase per capita disposable income and higher expenditure on health care in the region. Europe is expected to have the second largest demand in the global nutraceutical packaging market. The higher penetration of the nutraceutical products in the region is expected to bolster the assertion. The Asia Pacific is expected to create maximum incremental opportunities for the nutraceutical packaging in the region. The high growth in nutraceutical packaging is expected in the region due to the very high population and the presence of emerging economies such as India, and China.
Geographically the global nutraceutical packaging market has been divided into seven key regions as:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.