Supplement Packaging Market accounted for US$ 22.43 billion in 2020 and is estimated to be US$ 34.61 billion by 2030 and is anticipated to register a CAGR of 4.50%. Feed Supplements are used to boost the nutritional value of a regular diet. Nutrients are also an important part of the diet. The availability of information about components and their nutritional worth is critical for supplement and nutritional product buyers. Feed supplement packaging plays a vital part in transmitting this information to consumers, so it's crucial to include information about the materials present in the supplement on the container, such as their nutritional worth. Additionally, compositions to direct their eating plan as advised by nutritionists or specialists. As a result, the market for feed supplement packaging has exploded in recent years.
The report " Global Supplement Packaging Market, By Product Type (Oblong Bottles, Stress-style Packers, Indented Label Packers, Apothecary Packers, Bags, Pouches, and Canisters), By End-User (Adults, Geriatric, Pregnant Women, and Children and Infants), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
Key Highlights:
· Gerresheimer AG launched a new plant in China in December 2019 for the production of pharmaceutical primary plastic packaging.
· Graham Packaging, a leader in the design and manufacture of innovative and sustainable packaging solutions, was honoured by the Business Intelligence Group with the 2019 Sustainability Award in the area of sustainability leadership (Organization) in August 2019.
Analyst View:
The market is predicted to develop due to rising consumer awareness about nutrition, health & wellness, and increased uptake of immunity-boosting supplements as a result of the COVID-19 outbreak. Supplements and nutrition packaging can be used in both in-house and contract manufacturing. The market's expansion has also been fueled by contract manufacturing demand.
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Key Market Insights from the report:
Global Supplement Packaging Market accounted for US$ 22.43 billion in 2020 and is estimated to be US$ 34.61 billion by 2030 and is anticipated to register a CAGR of 4.50%. The global supplement packaging market report segments the market on the basis of product type, end user, and region.
· Based on Product Type, Global Supplement Packaging Market is segmented into Oblong Bottles, Stress-style Packers, Indented Label Packers, Apothecary Packers, Bags, Pouches, and Canisters.
· Based on End-User, Global Supplement Packaging Market is segmented into Adults, Geriatric, Pregnant Women, and Children and Infants.
· By Region, the Global Supplement Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Supplement Packaging Market:
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global supplement packaging market. Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the global supplement packaging market. Some key players of this market are Alpha Packaging, EPAC Holdings LLC., Glenroy Inc., Moulded Packaging Solutions Ltd., Graham Packaging Company, Packacre Enterprise Ltd., Vitakem Nutraceutical Inc., Assemblies Unlimited, Inc. and Makers Nutrition, LLC.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
