Nutraceutical Rigid Packaging Market Overview
Genetically engineered foods, processed food items, herbal products, dietary supplements, and isolated nutrients are known as nutraceutical foods. These foods are supposed to be packed safely to avoid internal contamination and also be resistant to oxidation.
To match the packaging criteria, innovative packaging solutions are attracting growing opportunities to the Nutraceutical rigid packaging market. With growing awareness of consumers regarding nutritional food habits, consumers are getting attracted towards Nutraceutical products thereby driving the demand for Nutraceutical rigid packaging market.
The materials used for packaging nutraceutical foods are mostly glass and plastic. Glass packaging is preferred the most for items that are engineered such as tablets, capsules, powders and liquid. Although consumers prefer plastic packaging such as jars, canister and bottles for dietary supplements.
What Drives the Growth of the Nutraceutical Rigid Packaging Market?
Increasing consciousness about consumer's health, diet and weight management is a crucial factor in driving the demand of the nutraceutical rigid packaging market. More people adapt to nutritional foods, more will be the demand, and a large consumer base will be attracted for nutraceutical rigid packaged products.
Increased usage of products related to fitness specifically for athletic purposes and even consumers concerned about fitness and who are equipped to spend well are anticipated to boost the growth of the nutraceutical rigid packaging market.
The increasing disposable income is also expected to contribute to the growth of the nutraceutical rigid packaging market as the cost of the food products packed are a bit expensive.
What Restraints the Growth of the Nutraceutical Rigid Packaging Market?
The high cost of nutraceutical products hinders the growth of the nutraceutical rigid packaging market. Not everyone worldwide would be able to afford to buy the products leading to lesser demand across the globe.
The threat of substitutes such as the Ayurveda or homemade items offering food or supplements that are high on nutrition but at lower prices might be problematic for the nutraceutical rigid packaging market.
What are the Factors that Promote North America as the Market Leader in Nutraceutical Rigid Packaging Market?
Owing to the increasing consumption of nutritional based foods and dietary supplements because of the consumer’s changing behaviour in the eating habits. Consumers in North America are aiming towards a healthy lifestyle by consuming natural nutrients.
Growing consumption of nutraceuticals specifically because of the baby boomers who are regular consumers of nutritional supplements like omega 3 fatty acids, vitamins, and minerals. Millennial nowadays in North America is following the trend of joining athletic activities such as Zumba, gym and yoga and these pose as a critical factor in driving the growth of the nutraceuticals rigid packaging market.
Key global players of the nutraceutical rigid packaging market are:
- Alpha Packaging
- Amcor Plc
- Gerresheimer AG
- Mondi Plc
- RPC Group
- Graham Packaging Company
- Sonoco Products Company
- Constantia Flexible Group GmbH
- Wasdell Packaging Group
Key players of the nutraceutical rigid packaging market in the Asia Pacific region are:
- Parekh Plast India Ltd
- Sangam Plastic Industries
- Parekh Plast India Ltd
- MJS Packaging
- TPAC Packaging
- Tirupati Wellness
- Pro Shake
- Nature Plast
How Has Covid-19 Impacted The Growth Of The Nutraceutical Rigid Packaging Market?
Since the Covid 19 pandemic, people have started to become health conscious trying to consume the right nutrients such as vitamins, minerals, proteins and fatty acids which all contribute to strengthening the immunity of the human body. Another important shift in the attitude of the consumers during the pandemic is to stay fit while staying and working at home.
Instead of ignoring everyday physical activities, consumers have started to concentrates on their overall health.
These changing preferences and situational factors have contributed the most to the growth of nutraceutical products. As these products are of high cost and nutrition effective, they require one of the safest forms of packaging which directly promotes the growth of the nutraceutical rigid packaging market tremendously.
The impact of the Covid 19 pandemic on the nutraceutical rigid packaging market is mixed. Even though nutraceutical products are in demand, the manufacturing sector is declining because of the overall lockdown and low availability of raw materials and manual labour.
Key Segments of Nutraceutical Rigid Packaging Market Covered in the Report
Based on the Material Type:
- Polypropylene (PP)
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
- Other Plastics
Based on the Packaging Type:
- Boxes & Cartons
Based on Region:
- North America
- Latin America
- South Asia
- East Asia