Global Supplement Packaging Market Projected to Value Over USD 12 Billion by 2026 End

  • 12 Jun 2019

Global supplement packaging market to value over USD 12 billion by 2026 end and register a CAGR of over 6.2% during the forecast period 2019 to 2026. 

Supplements are necessary for the human body the same way nutrients are. They enrich the nutrient value of the food that we consume daily. Therefore, it is important to display supplement components by providing their composition and nutrient value to consumers so that they can go according to the diet plan suggested by their nutritionist or physician. These details are printed on the packaging so that consumers have an idea about the nutrient components present in the food product. The supplement packaging market has gained a lot of traction in the last two years as it promotes the image of the brand. Also, the product becomes aesthetically pleasing and thus appeals to a lot of consumers. A rise in health consciousness among the general public increases the demand for companies to provide nutritional information on the packaging which thus gives a boost to the supplement packaging market. Additionally, changing lifestyles and increase in channel proliferation has also played a vital role in increasing the growth rate of the packaging market. 

Insight on Global Supplement Packaging Market:
By Region

•    North America
•    Europe
•    Asia Pacific
•    Latin America
•    Rest of the World
North America dominated the global market due to higher adoption of supplementary foods and is expected to do the same during the forecast period. Europe is second to the North American region but also acquires major market share and this trend will continue during the forecast period. Asia Pacific is a fast-growing region and is expected to experience a rise in the market growth rate during the forecast period due to an increase in consumption of dietary supplements among the general population. Latin America and Rest of the World have a small share of the global market and is expected to stay the same during the forecast period as adoption of supplementary foods is less leading to lesser market penetration. 

By Product Type
•    Oblong Bottles
•    Stress-style Packers
•    Indented Label Packers
•    Apothecary Packers
•    Bags
•    Pouches
•    Canisters
Oblong bottles are mainly used for nutritional supplements in the form of tablets or pills. Companies like Herbalife or Amway sell their vitamin or protein pills through oblong bottle packaging which is on high demand in the market and is expected to stay the same during the forecast period. Just like Oblong bottles, stress style packaging is also used for storing vitamin and protein pills. The main advantage of these kinds of packages is how convenient the product becomes to the consumers which increase their demand even more. Indented label packers are similar to oblong and stress –style packaging, the only difference is it is manufactured with different colours and using Polyethylene Terephthalate (PET) rather than High- Density Polyethylene (HDPE) and is also been used a lot by companies to sell pills and capsules increasing their demand in the market as well. Another advantage that Indented label packaging has is it makes the product look more presentable and enticing to the consumers.

By Company Type
•    Pharmaceutical Companies
•    Nutraceutical Companies

Companies like Amway, HerbaLife sell their cell activator tablets, multivitamin pills, shake mixes which are trending these days due to health awareness among general population. As these are highly demanding products, the companies will require a huge supply of oblong bottles, stress style packers which results in the growth of the supplement packaging market and looking at the current trend, this will continue during the forecast period as well.

By End User
•    Adults
•    Geriatric
•    Pregnant Women
•    Children and Infants
Adults account for a major share of this market segment by covering around 48% of global revenue share in 2018 due to a rise of awareness for weight loss among adults and this trend will continue for the forecast period as well. Pregnant women also need dietary supplements for nutritional enrichment. Vitamin D3, folate, prenatal multivitamin are some of the necessary ingredients for pregnant women which are provided through these supplements and this segment is expected to see a rise in market growth rate during the forecast period. 

Competitive Landscape:
•    Alpha Packaging
•    EPAC Holdings LLC.
•    Glenroy Inc.
•    Moulded Packaging Solutions Ltd.
•    Graham Packaging Company
•    Packacre Enterprise Ltd. 

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global supplement packaging market by region, by product type, by company type, by end-user
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and Rest of the World
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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