Nutraceutical Flexible Packaging Market Set for Robust Growth: Valuation to Reach US$8 Billion by 2033

Nutraceutical Flexible Packaging Market

The global nutraceutical flexible packaging market is projected to reach a market size of US$ 4.1 billion in 2023 and to reach US$ 8 billion by showing a CAGR of 6.9% from 2023 to 2033. In the historical period from 2018 to 2022, the market for flexible packaging for nutraceuticals had development of 5.1% CAGR.

The market for the product is accelerating because to the rising demand for other categories of nutraceutical goods including protein bars and energy drinks. For instance, 77.1% of customers use nutritional supplements, according to the CRN Consumer Survey, 2019.

Nutraceutical flexible packaging allows protection from moisture, oxidation, bacteria, microbes, and other threats to protect the product and maintain the product integrity. Flexible packaging gives multiple benefits over rigid packaging in saving space, lightweight, and consumes fewer energy savings in the transportation process.

Also, the nutraceutical flexible packaging controls chemical reactions, unpleasant odour, and harmful bacterial effects. Flexible nutraceutical packaging provides visibility to the product coupled with the easy handling of the product during transportation.

Bags and Pouches are highly preferred for storing protein powders and other granules. Advanced packaging technology in flexible nutraceutical packaging like vacuum skin packaging (VSP) and modified atmosphere packaging (MAP) formats is forecasted to grow the market shortly.

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Competitive Landscape

Key players such as

  •          Amcor Ltd.
  •          Mondi Group Plc.
  •          Sonoco Products Company
  •          Constantia Flexibles Group GmbH
  •          Comar LLC
  •          Gerresheimer AG
  •          MJS PACKAGING
  •          Glenroy, Inc.
  •          NuEra Nutraceuticals Inc.
  •          Hughes Enterprises
  •          PolyOne Corporation
  •          Wasdell Packaging Group
  •          Others

are actively involved in offering vegan protein for different applications.

What are the Key Trends Impacting Growth of the Nutraceutical Flexible Packaging Market?

The technology advancement in terms of flexible packaging with moisture protection and chemical protection acts as the shield to the nutraceutical product.

Also, the new packaging technology protects the nutraceutical product from the harmful effects of the weather and other external factors owing to the sensitive nature of the product which is likely to get damaged due to exposure to the sunlight and moisture while transportation and storage of the nutraceutical product.

Also, the multi-layered flexible packaging in nutraceutical products is anticipated to uplift the market in the coming days.

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How Increasing Consumer Shift towards Health and Wellbeing is Amplifying Sales?

The increasing consumer demand and consumer focus on health and wellbeing are uplifting the demand for dietary supplements and functional foods are pacing up the market for nutraceutical flexible packaging. Also, the proven benefits of nutraceuticals in increasing critical health issues such as diabetes, cardiovascular diseases, hypertension, osteoarthritis, etc. are growing the market for nutraceutical flexible packaging.

Also, the young generation who is extensively dependent on the gyms and fitness clubs for body fitness rely on the use of nutraceutical products to maintain the strength of the body which in turn have the scope to increase the market for nutraceutical flexible packaging.

Key Segments of Nutraceutical Flexible Packaging Market Covered in the Report

Based on Material Type:

  •          Plastic
  •          Glass
  •          Metal
  •          Paper

Based on Product Type:

  •          Bottles
  •          Cans and Jars
  •          Bags and Pouches
  •          Cartons
  •          Stick packs
  •          Blister packs

Based on Application:

  •          Functional food
  •          Functional beverages
  •          Minerals & vitamin capsules
  •          Protein powders
  •          Herbs
  •          Others

Based on the Region:

  •          North America
  •          Latin America
  •          Europe
  •          South Asia
  •          East Asia
  •          Oceania
  •          Middle East & Africa

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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