Supplements & Nutrition Packaging 2027: Vendor Detail, Technologies, Regions
Posted by Nicky Arora on February 15th, 2021
The global supplements & nutrition packaging market size is expected to reach USD 32.1 billion by 2027, registering a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Increasing consumer awareness regarding nutrition, health, & wellness, and rising adoption of immunity-boosting supplements due to the COVID-19 pandemic are expected to augment the market growth.
The nutrition and supplement manufacturers are outsourcing production activities to contract manufacturers, as the construction of their own manufacturing unit demands a significant investment. The Contract Manufacturing Organizations (CMOs) are now increasingly focusing on certifications, packaging variety, and expertise to meet consumer demand, which has been contributing to the market growth.
Supplement & nutrition packaging companies are focusing on incorporating dispensing mechanisms, administration aids, sustainable materials, tamper evidence properties, and counterfeiting measures to enhance product functionality and safety. Companies are developing packaging from compostable materials and are also using Post-Consumer Recycled (PCR) materials to increase the sustainability of packaging.
Request View Report Summary @ https://www.grandviewresearch.com/industry-analysis/supplements-nutrition-packaging-market/request/rs1
Supplements & Nutrition Packaging Market Report Highlights
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About the AuthorNicky Arora
Joined: October 15th, 2019
Articles Posted: 389
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