The global Probiotics Packaging market gathered revenue around USD 7.85 billion in 2021 and market is set to grow USD 10.1 billion by the end of 2030 and is estimated to expand at a modest CAGR of 7.1% during the prediction period 2022 to 2030.
Growth Factors:
Probiotics packaging solutions are in high demand in the market due to their tremendous features and safety packaging. Vials and bottles utilizing active packaging technologies present a timely opportunity for probiotics brands as they seek to reinforce consumer confidence through greater transparency of product information. The pharmaceutical and nutraceutical industries need one of the most prominent packaging solution for probiotics packaging, which should be leakage-free, contamination-free, heat-resistant, and travel-friendly. The Nova one advisor team analyzed the probiotics packaging market based on packaging type, form, distribution channel, and region. In terms of packaging type, the blisters segment is expected to account for a substantial share and of the global probiotics packaging market and drive the overall probiotics packaging market during the forecast period.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Probiotics Packaging market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Probiotics Packaging market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
Report Scope | Details |
Market Size | USD 10.1 billion by 2030 |
Growth Rate | CAGR of 7.1% From 2022 to 2030 |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Segments Covered | Packaging Type, Form, Distribution Channel, Region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned | Amcor Plc., Sonoco Products Company, Arizona Nutritional Supplements, LLC., ALPHA PACKAGING, Unit Pack Co., Inc., Sonic Packaging Industries, Constantia Flexible Group GmbH, Alpla Inc., Flex-Pack, ELIS Packaging Solutions, Inc.. |
Use of Digital Technology in Probiotics Packaging Solutions
The European market for probiotics packaging is witnessing a growing trend of advanced design and technological features being incorporated in packaged products. Conventional and widely used probiotics packaging solutions such as blister packs, bottles, containers, and stick packs are using the digital technology that feature advanced functionality for end user and patient convenience. Digital technology incorporated in blister packs and bottles provides functionalities such as dosage reminders, time-temperature indication, product quality indication, etc. Modern consumers relate digital technology as an element of convenience. Pharmaceutical companies are, hence seeking packaging solutions that can suffice advanced technological needs of modern consumers. Radical technological capabilities of probiotics packaging manufacturers in the European region is expected to further stimulate the growth of the probiotics packaging market in the region.
Changing Consumer Dietary Patterns and Increased Health-consciousness among Consumers to Boost Demand for Probiotics in Food and Beverages
The increased demand for functional foods, combined with growing consumer awareness of the nutritional benefits of certain foods, such as lower cancer risk and enhanced heart health, is expected to boost market share. Rise in demand for ready-to-eat breakfast items and health consciousness is projected to contribute to its demand for use in probiotic cereal applications. The addition of probiotics to cereals improves lactose metabolism, reduces gastrointestinal illness, and boosts the immune system.
Consumer Awareness about Personal Health and Optimum Nutrition Intake to Drive Functional Food Packaging Sector
Consumers hectic lifestyles, combined with dietary changes, have increased the prevalence of lifestyle diseases such as diabetes, obesity, and coronary heart diseases. The expansion of the probiotics packaging market is projected to be aided by rapid globalization and changing dietary preferences, which include increased intake of meat and processed meat. Meat demand should be boosted by rising protein consumption among health-conscious customers, as well as rise in child malnutrition. Probiotics are live microorganisms that are used in commercial animal diets to improve gut flora, resulting in better overall animal health, growth performance, and productivity.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Probiotics Packaging market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Probiotics Packaging Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Global Probiotics Packaging Market Segmentation
Probiotics Packaging Market by Packaging Type
Probiotics Packaging Market by Form
Probiotics Packaging Market by Distribution Channel
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Probiotics Packaging market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Probiotics Packaging market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Probiotics Packaging markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Probiotics Packaging Market Study: