Recent report published by research nester titled ” : Global Demand Analysis & Opportunity Outlook 2027”delivers detailed overview of the global Supplements and Nutrition Packaging market in terms of market segmentation by packaging material, by shape, by package quantity, by end-user industries and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global supplements and nutrition packaging market is segmented by packaging material into glass and plastic; by shape into cube, spherical, slim line, square and gripper, square rounded, MPS, blisters and others; by package quantity into less than 1.5l, 1.5l to 3.0l, 3.0l to 5.0l and over 5l; by end-user industries into pharmaceutical, sports nutrition and others and by regions. Supplements and Nutrition Packaging Market is anticipated to mask a CAGR of 6.7% during the forecast period i.e. 2018-2027.
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Currently the global supplements and nutrition packaging market is observing vibrant growth owing to increasing health awareness in the present population. Advance in healthcare industry in the past few years and growing fitness trends is projected to drive supplements and nutrition packaging market besides the wide range of functions of supplements and nutrition packaging in every range of population from geriatric and middle age to adolescent and children during the forecast period.
With a developed healthcare sector and a high fitness oriented populated region, North America is panned to observe substantial supplements and nutrition packaging market growth on account of rising supplements and nutrition packaging usage among the geriatric population taking supplements. North America is expected to be followed by Asia Pacific in terms of consumption due to expanding supplements and nutrition packaging requirements in amateur athletes” population taking protein supplements.
Europe is expected to drive the demand and positively impact the growth of Supplements and Nutrition Packaging Market over the forecast period on account of increasing supplements and nutrition packaging application for nutrients and supplements used by middle-aged and elderly population across the region.
Growing Applications for Brand Advertisement
Packaging provides anti-counterfeit measures, compliance, administration aids and product branding with unique custom designs that make an impact on the shelf which is attributed to drive the supplements and nutrition packaging market robustly. Packaging with competitive distinction and reduced expenditure will benefit consumers as well which is estimated to drive the market significantly over the forecast period.
In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Increasing Packaging Parameters
Application of supplements packaging in providing freshness protection, tamper evidence, business to consumer communication and re-closure is anticipated to contribute appreciably to the supplements and nutrition packaging market across the globe.
However, customization in packaging products lead to an increase in the price of the product to other competitive products resulting in lower adoption by the middle-income population of the customized packaged products over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global Supplements and Nutrition Packaging market which includes company profiling of Moluded Packaging Solutions Limited., Alpha Packaging, Container & Packaging Supply Inc., Arizona Nutritional Supplements, LLC., Graham packaging company LP., Comar, LLC., Packacre enterprises limited, TricorBraun, Vitakem Packaging and SKS Bottle and Packaging.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Supplements and Nutrition Packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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