Global Active and Intelligent Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Active and Intelligent Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global active and intelligent packaging market report has been segmented on the basis of technology, application, and region.
Global Active and Intelligent Packaging Market: Overview
Active packaging can be referred as packaging of a product in such a way that its actual functionalities should not be affected by outer elements including extreme weather conditions such as wind and temperature.
Intelligent and smart packaging refers to the capability of measuring or sensing trait of the product and internal atmosphere of the package. This data to be gathered and analyzed in order to check the state of the product. This technology aids to monitor freshness, display information on quality, control humidity, and enhance convenience and safety.
Active and intelligent packaging used in foods, pharmaceuticals, and several other types of products.
Global Active and Intelligent Packaging Market: Dynamics
Advancements in packaging technologies in terms of design, features, and customization as per the requirement of the customers are some additional factors estimated to drive growth of the target market over the forecast period. In addition, changing buying preference of consumers, growing consumption of packaged products, and health awareness among consumers are some factors projected to augment growth of the active and intelligent packaging market. However, cost associated with research and development activities and high implementation cost may hamper the target market growth.
Recent trend observed in the target market is active and intelligent packaging can be suitable for personal care products and pharmaceuticals, as these kind of products are very much sensitive to outer elements of environment including sunlight and air. Hence adoption of this technology among personal care and healthcare sectors plays an important role for growth of the active and intelligent packaging market.
Global Active and Intelligent Packaging Market: Segment Analysis
Among the technology segments, the oxygen scavengers segment is projected to contribute significant revenue shares in global active and intelligent packaging market, owing to various benefits offered by oxygen scavengers including maintaining safety of product and extend shelf life.
Among the application segments, the food & beverages segment is anticipated to register substantial growth, owing to growing consumption of pre-packaged and packaged food items.
Global Active and Intelligent Packaging Market: Regional Analysis
Active and intelligent packaging markets in North America and Europe are projected to register significant growth in terms of revenue, owing to stringent rules and regulations of government authorities regarding packaging of food products and technological advancements related to active packaging. In addition, growing consumption of on-the-go-food among young population is a factor expected to propel the target market growth in the region.
Asia Pacific active and intelligent packaging market is projected to account for a significant revenue share of the target market, owing to the rapid growth of the food and beverage sector. Moreover, increasing consumption of pre-packaged and packaged food products and health drinks among health conscious population is a factor estimated to support revenue growth of the target market.
Markets in Latin America, Middle East & Africa, and Europe are projected to register considerable growth.
Global Active and Intelligent Packaging Market Segmentation:
Segmentation by Technology:
- Moisture Absorbers
- Oxygen Scavengers
- Temperature Indicators
- Shelf Life Sensing
- Others (Corrosion Control Packaging and Susceptor Packaging)
Segmentation by Application:
- Food & Beverages
- Personal Care
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Ampacet Corporation
- Amcor Limited
- Ball Corporation
- Constar International Inc.
- Bemis Company, Inc.
- Crown Holdings Inc.
- Mitsubishi Gas Chemical Company
- R. Grace and Company
- Landec Corporation
- Rexam plc
- Graham Packaging Company Inc.
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