(MENAFN- GetNews) According to new report available with Million Insights, the global supplements & nutrition packaging industry research report offers thorough insights on type, material, formulation and impact of COVID-19. It also offers ready, data-driven answers to several industry-level questions.
The global supplements & nutrition packaging market size is anticipated to value USD 28.1 billion until 2025. The surging adoption of dietary supplements to fulfill the mineral deficiency in the human body coupled with surging health awareness among youngsters is anticipated to drive the market growth.
In 2018, the primary packaging segment accounted for a substantial share across the global market owing to the rising consumption of dietary powdered supplements and energy drinks. The secondary & tertiary packaging segment accounted for the highest CAGR of 5.0% across the global market over the forecasted period, 2019 to 2025 due to the increasing popularity of the e-commerce industry.
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In 2018, the powder formulation segment dominated the global market with a share of 46.0% on account of the rising consumption of amino acids and protein powders among the millennial population. On the other hand, the liquid segment is expected to witness significant growth in the upcoming years owing to the increasing popularity of energy and sports drinks in the cans and bottles.
The Asia Pacific accounted for the highest share across the global supplements & nutrition packaging market in 2018 due to the consumption of nutrition and dietary supplements by the millennial population residing across this region. While North America also held a significant share across the global market on account of efforts being undertaken by governing authorities for developing and improving the manufacturing sector.
The market across the globe includes key players such as Gerresheimer AG; BALL CORPORATION.,SKS Bottle & Packaging, Inc, Alpha Packaging, and Assemblies Unlimited, Inc. Constant innovation for the development of advanced packaging solutions for gaining customer attraction is being undertaken by these players.
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Further key findings from the report suggest:
• In 2018, the powder formulation segment dominated the global market with share of 46.0%.
• The secondary & tertiary packaging segment accounted for the highest CAGR of 5.0% across the global market over the forecasted period, 2019 to 2025.
• Asia Pacific accounted for the highest share across the global market in 2018.
• The key players operating in this market are Gerresheimer AG;BALL CORPORATION.; SKS Bottle & Packaging, Inc,Alpha Packaging; and Assemblies Unlimited, Inc.
Million Insights has segmented the global supplements & nutrition packaging market on the basis of type, material, formulation and region:
Supplements and Nutrition Packaging Type Outlook (Revenue, USD Million, 2014 – 2025)
• Bottles and Jars
• Tins and Cans
• Stand-up Pouches
• Sachets and Other Pouches
• Blisters and Strips
• Rigid Papers
• Secondary and Tertiary
• Flexible Paper/Plastic/Metal
Supplements and Nutrition Packaging Material Outlook (Revenue, USD Million, 2014 – 2025)
• Paper and Cardboard
Supplements and Nutrition Packaging Formulation Outlook (Revenue, USD Million, 2014 – 2025)
• Pills and Capsules
• Soft gels
Supplements and Nutrition Packaging Regional Outlook (Revenue, USD Million, 2014 – 2025)
• North America
• Asia Pacific
• South Korea
• Latin America
• Middle East & Africa
• South Africa
• Saudi Arabia
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