PUBLISHER: The Business Research Company | PRODUCT CODE: 1455518
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455518
Probiotic packaging refers to the various containers and materials employed to safeguard and maintain the quality of probiotic supplements and food products throughout the production process until they reach the end consumer. This packaging is instrumental in preserving the viability and potency of the live microorganisms contained within these products.
The primary types of probiotic packaging include bottles, jars, pouches, and other variations. Bottles, characterized by their narrow necks and openings, are typically crafted from materials such as glass or plastic. These containers are designed for the storage and dispensing of liquids or powders, and they come in various forms, including dry and liquid. Probiotic packaging in bottles finds applications across various sectors such as food and beverages, personal care, and other industries, and it is utilized by manufacturers, retailers, and other stakeholders in the supply chain.
The probiotics packaging market research report is one of a series of new reports from The Business Research Company that provides probiotics packaging market statistics, including probiotics packaging industry global market size, regional shares, competitors with probiotics packaging market share, detailed probiotics packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the probiotics packaging industry. This probiotics packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The probiotics packaging market size has grown strongly in recent years. It will grow from $5.88 billion in 2023 to $6.43 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth observed in the historical period can be attributed to factors such as an increase in the consumption of fermented foods, advancements in the development of probiotic strains, the global expansion of the probiotics industry, changes in consumer lifestyles, and the emergence of personalized probiotic solutions.
The probiotics packaging market size is expected to see strong growth in the next few years. It will grow to $9.06 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth in the forecast period can be attributed to factors such as the integration of blockchain technology in the supply chain, the culinary integration of probiotics into various products, a rising trend in the use of encapsulation for probiotic delivery, the expansion of probiotics into beauty and skincare products, and the influence of stricter environmental regulations. Major trends expected in the forecast period include the adoption of smart packaging with real-time monitoring, the development of biodegradable and edible packaging solutions, continuous technology innovations, product innovations, and the integration of nanotechnology in probiotics packaging.
The anticipated growth of the probiotics packaging market is driven by the rising demand for functional foods and beverages. Functional foods and beverages, intentionally designed to provide specific health benefits beyond basic nutrition, are incorporating probiotics into their packaging to ensure the viability of live beneficial bacteria until consumption. According to the Institute of Food Technologists (IFT) in April 2022, the sales of functional foods and beverages in the United States reached $83 billion in 2021, reflecting a 6.8% increase over 2020. This surge in demand for functional products is a key factor propelling the growth of the probiotics packaging market.
Leading companies in the probiotics packaging market are actively engaged in developing innovative products to gain a competitive edge. A notable example is the introduction of excipients, inactive substances that aid in binding, preserving, and stabilizing active ingredients in medications or dietary supplements. In May 2023, Roquette Freres, a France-based food company, launched PEARLITOL ProTec, an excipient co-processed blend of mannitol and maize starch. Specifically designed to enhance the stability of probiotic supplements, this plant-based solution protects and stabilizes moisture-sensitive active ingredients, ensuring a longer shelf life and improved consistency. PEARLITOL ProTec addresses the evolving demands of health-conscious consumers and changing regulatory landscapes, providing unmatched stabilization, organoleptic properties, and compliance with major pharmacopeias. This innovative excipient streamlines the manufacturing process, contributing to safe, effective, and stable products while saving time and costs for manufacturers in the pharmaceutical and nutraceutical industries.
In January 2021, Novozymes A/S, a Denmark-based biotechnology company, acquired Microbiome Labs for $125 million. This acquisition has significantly strengthened Novozymes' position in the North American probiotics market. By incorporating Microbiome Labs into its portfolio, Novozymes gained an expanded product range, key opinion leader status, and access to a rapidly growing industry. The acquisition aligns with Novozymes' strategy of providing scientifically proven solutions with specific health benefits, further establishing the company's presence in the probiotics packaging and supplements sector.
Major companies operating in the probiotics packaging market report are 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
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.
The countries covered in the probiotics packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The probiotics packaging market consists of revenues earned by entities by providing services such as packaging design services, labelling and printing, logistics and transportation services. The market value includes the value of related goods sold by the service provider or included within the service offering. The probiotics packaging market also includes sales of packaging materials, equipment and machinery which are used in providing the services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Probiotics Packaging Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on probiotics packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for probiotics packaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The probiotics packaging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.