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

• Primary packaging dominated the market in 2019 and is expected to retain the leading position throughout the forecast period owing to the increasing adoption of innovative primary packaging products
• PET was the key plastic type used in the supplement & nutrition packaging market owing to its tensile strength, high impact resistance, and 100% recyclable properties
• The liquid formulation segment is expected to register the highest CAGR of 7.5% from 2020 to 2027 owing to the increasing demand for sports and energy drinks
• Asia Pacific emerged as the leading regional market and accounted for over 43% of the global revenue share in 2019
• The region is projected to expand further at the fastest CAGR from 2020 to 2027 due to the rapidly growing supplement & nutrition manufacturing sector in China and India
• The global market is moderately fragmented with the presence of a significant number of large- and medium-sized companies
• Key companies have undertaken various strategies, such as mergers and acquisitions, to increase their market share.