Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.9 Billion | USD 7.8 Billion | 5.3% | 2023 |
The global senior friendly packaging market size was worth around USD 4.9 billion in 2023 and is predicted to grow to around USD 7.8 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.3% between 2024 and 2032.
Senior-friendly packaging is made so that older persons, especially those with diminished strength, dexterity, or eyesight problems, can open, handle, and read it with ease. To improve accessibility and convenience for elderly citizens, features including clear labeling, easy-grip surfaces, larger typefaces, and frustration-free opening mechanisms are all incorporated.
The aging global population, the increasing demand for easily accessible and user-friendly packaging solutions, and the legal mandates for inclusive packaging are the main factors propelling the senior friendly packaging market. Senior-friendly packaging is widely used by sectors like personal care, food and beverage, and pharmaceuticals to improve consumer convenience and safety.
The growing aging population drives market growth
The senior friendly packaging market is primarily driven by the world's aging population. The need for packaging that improves accessibility and usage is growing as the number of senior people rises, especially in North America, Europe, and Asia-Pacific. By 2050, there will be roughly 1.5 billion people aged 65 and beyond, according to UN estimates.
Useful packaging is more in demand in nations with large senior populations, such as the US, Japan, Germany, and Italy. Easy-open pharmaceutical packaging is also becoming more and more popular as people age due to the increased use of prescription drugs, dietary supplements, and medical equipment (such as blister packs with push-through technology, larger labels, and tamper-proof yet accessible closures).
High production cost hinders market growth
The increased production costs involved in creating and producing user-friendly packaging are one of the main factors limiting the market for senior-friendly packaging. Adoption may be slowed by these expenses, particularly for small and medium-sized firms.
Soft-touch coatings, easy-grip textures, flexible yet durable materials, and lightweight constructions are frequently needed for senior-friendly packaging, which raises production costs. The cost of materials like ergonomic closures, anti-slip surfaces, and tear-resistant films is more than that of conventional packaging materials.
Additionally, adding features like push-through blister packs, resealable closures, and easy-open lids necessitates the use of specialized gear, precision engineering, and unique molds, which raises the cost of capital. Therefore, this is expected to hamper the senior friendly packaging industry over the forecast period.
Retail & e-commerce expansion offers a lucrative opportunity for market growth
One of the main factors propelling the senior-friendly packaging market is the quick growth of retail and e-commerce. Brands are investing in packaging solutions that improve accessibility, convenience, and comfort of handling as more senior consumers purchase both in-person and online.
As the world's older population grows increasingly tech-savvy, more people are buying online for personal care, prescription drugs, and food. To meet the demands of senior citizens, e-commerce sites like Amazon, Walmart, and Alibaba are improving their packaging options.
Additionally, e-commerce companies are moving toward "frustration-free packaging" (FFP) to reduce superfluous components and guarantee simple opening, particularly for senior citizens. The shopping experience is enhanced by features like large-font labels, lightweight packaging, and resealable pouches. Thus, the expansion in the retail & e-commerce sector offers a lucrative opportunity for the market during the forecast period.
Limited consumer awareness poses a major challenge to market expansion
Limited consumer awareness is still a major market barrier for senior-friendly packaging, despite the growing demand for such packaging. Adoption rates are slowed by the fact that many senior customers and caregivers are either ignorant of the solutions that are available or do not actively seek them out.
Many seniors are not aware that many product categories (such as food, personal care, and medications) have accessible, easy-to-open, and ergonomic packaging options. Instead of highlighting accessibility features, brands and merchants frequently concentrate on cost-effectiveness and sustainability.
Additionally, even if novel package styles offer better usability, older consumers—especially those used to traditional packaging—might not be willing to try them. Adoption rates are lowered by certain seniors who believe that customized packaging is superfluous or unduly complicated. This is expected to pose a major challenge for the senior friendly packaging market.
Report Attributes | Report Details |
---|---|
Report Name | Senior Friendly Packaging Market |
Market Size in 2023 | USD 4.9 Billion |
Market Forecast in 2032 | USD 7.8 Billion |
Growth Rate | CAGR of 5.3% |
Number of Pages | 217 |
Key Companies Covered | Pierson Industries Inc., Rieke Corporation, Keystone Folding Box Company, Polytop Corporation, WestRock Company, Owens-Illinois Inc., Berry Global Inc., Silgan Plastics Corporation, Stora Enso Oyj, Sonic Packaging Industries Inc., AptarGroup Inc., Sanner of America Inc., Amcor Ltd., and others. |
Segments Covered | By Product Type, By Application, By End Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global senior friendly packaging industry is segmented based on product type, application, end use, and region.
Based on the product type, the global senior friendly packaging market is bifurcated into easy grip bottles and containers, safety caps and closures, single-dose pouches and blister packs and graphic labels and tags. The easy grip bottles and containers segment is expected to hold the largest market share over the forecast period. The market for senior-friendly packaging is growing as a result of the emphasis on easy-grip bottles and containers. The need for these easily available packaging options is predicted to increase as the world's population ages, offering producers the chance to develop and serve this expanding market.
Based on the application, the global senior friendly packaging industry is segmented into consumer products, medicinal tablets, pills, & syrups, and body and hair care products. The medicinal tablets segment is expected to dominate the market over the forecast period. The need for pharmaceuticals has increased due to the growing number of elderly people globally, resulting in the demand for packaging that takes into account age-related issues, such as diminished dexterity and eyesight impairments.
Based on the end use, the global senior friendly packaging market is segmented into food & beverages, healthcare, cosmetics & personal care, and other consumer durables. The healthcare segment is expected to capture the largest market share during the forecast period. The market is significantly influenced by the healthcare industry. Particularly in the healthcare sector, there is a growing need for packaging that meets the special requirements of elderly people. To help elders manage their drugs and health-related products, features including user-friendly designs, clear dosage and instruction labels, and easy-to-open seals are crucial.
North America dominates the market over the projected period
North America is expected to dominate the global senior friendly packaging market during the forecast period, driven by the aging population. North America's growing senior population demands packaging that takes into account issues including diminished dexterity and eyesight impairments. The P
opulation Reference Bureau, for instance, projects that the number of Americans 65 and older will rise from 58 million in 2022 to 82 million by 2050 (a 47% increase) and that their proportion of the population will increase from 17% to 23%. Additionally, producers and customers are becoming more conscious of the value of user-friendly packaging, which is resulting in developments specifically designed for the older ages.
The global senior friendly packaging market is dominated by players like:
The global senior friendly packaging market is segmented as follows:
By Product Type
By Application
By End Use
By Region
FrequentlyAsked Questions
Senior-friendly packaging is made so that older persons, especially those with diminished strength, dexterity, or eyesight problems, can open, handle, and read it with ease. To improve accessibility and convenience for elderly citizens, features including clear labeling, easy-grip surfaces, larger typefaces, and frustration-free opening mechanisms are all incorporated.
The senior friendly packaging market is driven by an increasing older population, growing consumer awareness, rising retail and e-commerce industry, and product innovations.
According to the report, the global senior friendly packaging market size was worth around USD 4.9 billion in 2023 and is predicted to grow to around USD 7.8 billion by 2032.
The global senior friendly packaging market is expected to grow at a CAGR of 5.3% during the forecast period.
The global senior friendly packaging market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the rising older population and increasing consumer awareness regarding this product.
The global senior friendly packaging market is dominated by players like Pierson Industries Inc., Rieke Corporation, Keystone Folding Box Company, Polytop Corporation, WestRock Company, Owens-Illinois Inc., Berry Global, Inc., Silgan Plastics Corporation, Stora Enso Oyj, Sonic Packaging Industries, Inc., AptarGroup, Inc., Sanner of America, Inc., and Amcor Ltd among others.
The senior friendly packaging market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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