Market revenue in 2023 | USD 813.6 million |
Market revenue in 2028 | USD 1,001.9 million |
Growth rate | 4.3% (CAGR from 2023 to 2028) |
Largest segment | Primary packaging |
Fastest growing segment | Secondary & Tertiary Packaging |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2028 |
Quantitative units | Revenue in USD million |
Market segmentation | Primary Packaging, Secondary & Tertiary Packaging |
Key market players worldwide | Gerresheimer AG ADR, Enerpac Tool Group Corp Class A, Graham Packaging, Glenroy, Inc., Alpha Packaging, Comar, Law Print & Packaging Management, Mold Tek Packaging, OPM Corporation, Container and Packaging |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to supplements and nutrition packaging market will help companies and investors design strategic landscapes.
Primary packaging was the largest segment with a revenue share of 63.8% in 2023. Horizon Databook has segmented the Brazil supplements and nutrition packaging market based on primary packaging, secondary & tertiary packaging covering the revenue growth of each sub-segment from 2018 to 2028.
The industrial production output in the country is declining due to the COVID-19 pandemic and underlying recession, however, Brazil is expected to be the most preferred investment location for many foreign countries and companies.
Brazil has a lower purchasing power compared to other countries such as the U.S., Canada, and most European countries. This has led to a change in the consumption pattern of consumers, which is evident from the downgrading of packaging sizes, shifting preference toward homemade meals, and bulk purchasing trends for saving more money.
This change in the consumption pattern is also evident in nutraceutical & supplement industry of the country. This is expected to further increase the demand for packaging solutions, thus, driving the market over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil supplements and nutrition packaging market , including forecasts for subscribers. This country databook contains high-level insights into Brazil supplements and nutrition packaging market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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