Global Probiotics Packaging Market Share 2024, Forecast To 2033
28 Mar, 2024
The probiotics packaging market has demonstrated robust growth, escalating from $5.88 billion in 2023 to $6.43 billion in 2024, with a CAGR of 9.2%. This expansion in the historical period is attributed to factors such as the increasing consumption of fermented foods, advancements in probiotic strains, the global expansion of the probiotics industry, and evolving consumer lifestyles favoring personalized probiotic solutions. Projections for the upcoming years anticipate continued strong growth, with the market expected to reach $9.06 billion by 2028, reflecting a CAGR of 9.0%. This growth is likely to be propelled by the integration of blockchain technology within the supply chain, culinary applications of probiotics, increased use of encapsulation techniques, the expansion of beauty and skincare products incorporating probiotics, and stricter environmental regulations. Notable trends include the adoption of smart packaging with real-time monitoring capabilities, the development of biodegradable and edible packaging solutions, technological and product innovations, and the integration of nanotechnology.
Global Probiotics Packaging Market Key Driver
The probiotics packaging market is set to experience significant growth, fueled by the rising consumer demand for functional foods and beverages worldwide. Functional products are designed to offer specific health benefits beyond basic nutrition, incorporating bioactive compounds to promote well-being. Probiotics packaging, a subset of functional foods, involves the incorporation of live beneficial bacteria into packaging materials to ensure viability until consumption. Notably, in April 2022, the Institute of Food Technologists reported a substantial increase in the sales of functional foods and beverages in the United States, reaching $83 billion in 2021. This surge underscores a growing consumer inclination towards health-conscious consumption patterns, driving the demand for probiotics packaging. Looking ahead, as consumers prioritize preventive healthcare and dietary wellness, the probiotics packaging market is poised for sustained growth. (2023 Market Size: Not provided, 2024 Market Size: Not provided, 2028 Market Size: Not provided)
Get A Free Sample Of The Global Probiotics Packaging Market ReportGlobal Probiotics Packaging Market Segments
The probiotics packaging market covered in this report is segmented –
1) By Type: Bottles, Jars, Pouches, Other Types
2) By Form: Dry, Liquid
3) By Application: Food And Beverages, Personal Care, Other Applications
4) By End User: Manufacturers, Retailers, Other End Users
By Geography:The regions covered in the probiotics packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the probiotics packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the probiotics packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Probiotics Packaging Industry Players
Ball Corporation, Amcor Plc, Berry Global Group Inc., Crown Holdings Inc., Mondi Group, Sonoco Products Company, DS Smith Plc, Ardagh Group, Sealed Air Corporation, Huhtamaki Oyj, AptarGroup Inc., Constantia Flexible Group GmbH, Gerresheimer AG, Berlin Packaging, Printpack Inc., Winpak Ltd., ProAmpac Holdings Inc., Arizona Nutritional Supplements LLC, ALPHA PACKAGING, Plastic Ingenuity Inc., Clondalkin Group Holdings B.V., Glenroy Inc., Comar LLC, Flexpak, Coveris Holdings S.A., Unit Pack Co. Inc, Sonic Packaging Industries, Kaufman Container Company Inc., Pla Inc
Get The Full Global Probiotics Packaging Market ReportProbiotics Packaging Market Overview
Probiotic packaging can be defined as the containers and materials used to protect and preserve probiotic supplements and food products from the moment of production until they reach the consumer. It plays a crucial role in maintaining the viability and potency of the live microorganisms.
Probiotics Packaging Global Market Report 2023 provides data on the global probiotics packaging market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The probiotics packaging market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.