Asia-Pacific Nutraceutical Packaging Market – Industry Trends and Forecast to 2028

Market Analysis and Insights: Asia-Pacific Nutraceutical Packaging Market

The nutraceutical packaging market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.2% in the forecast period of 2021 to 2028 and is expected to reach USD 1,687.95 by 2028. Increasing adoption of a healthy lifestyle by people, increase in the consumption of dietary supplements, rise in demand for sports nutrition among youngsters, increasing per capita income worldwide, demand for increased shelf life of nutraceutical products acts as drivers for the nutraceutical packaging market growth.

A nutraceutical is a food or component of food that has medical or health benefits for people, such as disease prevention and therapy. Nutraceutical products include dietary supplements, processed food items, herbal products, isolated nutrients, and genetically engineered foods. Product packaging plays important functions that enable trade and commerce. Packaging provides several indications that is designed to affect the perception of the consumers about the product which influences their behavior.

Nutraceutical packaging includes various materials such as glass, metal, paper or paperboard, plastic, among others used to contain, handle, protect, and/or transport a product. Packaging's role is expanding, and it may now encompass activities such as attracting attention, assisting in promotion, providing machine identification (barcodes, among others), imparting important or supplementary information, and aiding in utilization. Nutraceutical Packaging Product packaging plays vital role in the success of nutraceutical market. Light sensitive nutraceutical products are protected by adding UV additives to the packaging material, addition of oxygen scavengers that removes the oxygen from the package, which helps in increasing the shelf life of the product.

Increasing adoption of a healthy lifestyle by people, increase in the consumption of dietary supplements, rise in demand for sports nutrition among youngsters, increasing per capita income worldwide, and need for increased shelf life of nutraceutical products acts as a driver for the nutraceutical packaging market. Stringent regulations on packaging, availability of low-priced substitutes such as Ayurveda, and limited number of environmental-friendly packaging materials is restraining the nutraceutical packaging market growth. Adoption of innovative packaging technologies and solutions, the use of eco-friendly plastics, increasing number of new product launches, and increasing demand for custom packaging for nutraceuticals, thus acts as an opportunity for the nutraceutical packaging market. Strict government regulations on production and application of nutraceutical products, and high cost of nutraceutical packaging, hence acts as challenge for the nutraceutical packaging market growth.

The nutraceutical packaging market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the nutraceutical packaging market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Nutraceutical packaging Market Scope and Market Size

The nutraceutical packaging market is segmented based on the type, material type, product type, package coating & specialty, nature, category, end-use, application, and end product form. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of type, the Asia-pacific nutraceutical packaging market is segmented into bottles, cans and jars, bags & pouches, cartons, stick packs, blister packs, display boxes, canister, and others. In 2021, the bottles segment is expected to dominate the nutraceutical packaging market due to the easy convenience of usage of bottles.
• On the basis of material type, the nutraceutical packaging market is segmented into plastic, metal, glass, paper & paperboard, and others. In 2021, the plastic segment is expected to dominate the nutraceutical packaging market due to rising demand for plastic materials.
• On the basis of product type, the Asia-pacific nutraceutical packaging market is segmented into child-resistant packaging, starter and demo kits, brand kits, on-the-go mobility, single use, stick packs, and others.  In 2021, the child resistant packaging segment is expected to dominate the nutraceutical packaging market due to increase in the demand for child resistant packaging as it helps in preventing accidental ingestion by kids.
• On the basis of package coating & specialty, the Asia-pacific nutraceutical packaging market is segmented into gloss and raised UV coatings, pearlescent coatings, specialty coating, metallic sheens, reticulation effects, embossing and debossing, foil stamping, and others. In 2021, the metallic sheens segment is expected to dominate the nutraceutical packaging market due to rise in the demand for metal printing technologies.
• On the basis of nature, the Asia-pacific nutraceutical packaging market is segmented into conventional, eco-friendly, and recyclable. In 2021, the recyclable segment is anticipated to dominate the global nutraceutical packaging market due to rising awareness among people
• On the basis of category, the Asia-pacific nutraceutical packaging market is segmented into regular packaging, and customized packaging. In 2021, regular packaging segment is expected to dominate the global nutraceutical packaging market due to the easy accessibility of regular packaging.
• On the basis of end use, the Asia-pacific nutraceutical packaging market is segmented into retail and industrial. In 2021, the industrial segment is anticipated to dominate the global nutraceutical packaging market due to increase in the demand for nutraceutical products.
• On the basis of application, the Asia-pacific nutraceutical packaging market is segmented into dietary supplements, medicinal foods, nutricosmetics, herbal products, isolated nutrient supplements, functional food, functional beverages, and others. In 2021, the functional beverages segment is anticipated to dominate the global nutraceutical packaging market due to increase in the demand for nutritional beverages.
• On the basis of end product form, the Asia-pacific nutraceutical packaging market is segmented into dry and liquid. In 2021, the dry segment is anticipated to dominate the global nutraceutical packaging market due to increase in the demand of dietary supplements.

Nutraceutical packaging Market Country Level Analysis

The nutraceutical packaging market is segmented based on the type, material type, product type, package coating & specialty, nature, category, end-use, application, and end product form The countries covered in the nutraceutical packaging market report are the Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, the Philippines, and Rest of Asia-Pacific. In 2021, China is expected to dominate the nutraceutical packaging market in the Asia-Pacific region due to higher investment in nutraceutical products and packaging facilities.

The packaging type segment in the China region is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of the increase adoption of a healthy lifestyle by people. The packaging type segment in India is dominating the Asia-Pacific market owing to rise in demand for sports nutrition among youngsters is fueling the nutraceutical packaging market. Japan is leading the growth of the global market for packaging type segment is dominating in this country due to demand for the increased shelf life of nutraceutical products.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to significant or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Growing Strategic Activities by Major Market Players to Enhance the Awareness for Nutraceutical packaging is Boosting the Market Growth of Nutraceutical packaging market.

The nutraceutical packaging market also provides you with detailed market analysis for every country's growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.

Competitive Landscape and Nutraceutical packaging Market Share Analysis

Nutraceutical Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the nutraceutical packaging market.

The major companies which are dealing in the nutraceutical packaging are  The Box Co-Op, Elis Packaging Solutions, Inc., Pretium Packaging, LLC, Drug Plastics Group, Scholle IPN, M.A. PATTERSON COMPANY (Virtual Packaging), Assemblies Unlimited, Inc., American FlexPack, Actionpakinc, Sonic Packaging Industries, NuEra Nutraceuticals Inc., Burgopak, Dorn & Ward Packaging, Glenroy, Inc., MacoPKG., JOHNSBYRNE, Birchwood Contract Manufacturing, AMGRAPH Packaging, Inc., Mondi, Airnov, and SGH HEALTHCARING, FINE PACKAGE CO., LTD., ALPHA PACKAGING, Berry Global, Inc., Mold-Rite Plastics, Amcor plc among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many contract, agreements, and launches are also initiated by the companies’ worldwide which are also accelerating the nutraceutical packaging market.

For instance,

• In January 2021, Amcor plc has been recognized by CDP and was awarded A- grade for climate change by highlighting the company’s decisive action towards more sustainable future. This helped the company to gain recognition
• In June 2021, Mondi expanded its range of plastic-free e-commerce packaging with MailerBAG. This launch will help the company to widen its product portfolio and to attract more customers.

Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the nutraceutical packaging market which also provides the benefit for organization’s profit growth.

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