Active, Smart and Intelligent Packaging Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Construction and Manufacturing | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC168

Smart, active and intelligent packaging is the packaging method used with pharmaceuticals, foods and various other products. This involves the ability to measure or sense the features of product, shipping environment or inner atmosphere of package. Smart, active and intelligent packaging (advanced packaging) facilitates in extending shelf life, improving convenience, monitoring freshness, enhancing safety and displays information on quality. This further helps in preventing food spoilage; improving product attributes such as flavor, taste and aroma; product history; guarantee of seal integrity; active tracking of in-package environment & change in products and proof of product authenticity. Furthermore, it helps in supply chain management, premium pricing, waste reduction and brand protection.
 
The market for advanced packaging is propelling with rising awareness towards health benefits, and authenticity and safety of products. Smart packaging is a conjunction of intelligent, modified and active atmosphere packaging methods, particularly designed to amplify and monitor shelf life. Also, the companies prefer advanced packaging due to rising counterfeiting of the products in the market. Advanced marketing is bolstering and replacing traditional packaging techniques due to its ability to improve visual appearance of the product. The rise in demand for packaged food, ready-to-cook meals, better quality and freshness has increased manufacturers’ concern for delivering and satisfying customer needs thereby, increasing their focus on advanced packaging. However, harmful effects of packaging materials and high testing costs are the major factors hampering the market growth.
 
The market for advanced packaging is bifurcated into technology, applications and geography. Based on technology, the active, smart and intelligent packaging market is segmented into active packaging, modified atmosphere technology and intelligent packaging. On the basis of applications, the market is segmented into food & beverages, healthcare, automotive, personal care and others. The geography segment is bifurcated by regions into Asia Pacific, Middle East, Africa, North America, Europe and Latin America. Food & beverage segment held the largest share in terms of revenue in the advanced packaging system in 2015.
 
The global advanced packaging market is anticipated to grow in the coming years owing to the rising need from customers to retain nutritional value and freshness of the product at affordable prices. Also, the availability of sophisticated transport facilities are predicted to drive the market demand for advanced packaging. Less time taken for tracking and well-organized product monitoring are the factors anticipated to bolster the global advanced packaging demand in the coming years. Also, high implementation cost and research & development investments are some of the restraints hindering the market growth.
 
North America is leading the market for advanced packaging system owing to the increased health awareness among population and increasing urban lifestyles. Europe is the second largest region after North America in terms of revenue generation due to rising demand for stringent regulations and sustainable packaging. However, APAC is anticipated to witness high growth rate with increasing lifestyle of people in this region particularly, in India and China and increasing paying capacity of people demanding hygiene and good quality products. Also, with the rise in population, the demand for packaged food is increasing, leading to the growth of advanced packaging market. Some of the key players operating in this market include 3M, Sealed Air Corporation, BASF SE, Amcor Limited, Huhtamaki Group, MeadWestvaco Corporation, E. I. Du Pont De Nemours and Company, Sonoco Products Company, Avery Dennison Corp., Graham Packaging, Ball Corp and others.


Related Reports

Sheet Metal Market By Material (Steel, Aluminum, Others), By End User (Automotive & transportation, Building & construction, Industrial machinery, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026

The global sheet metal market size is expected to reach around USD 370 billion by 2026 growing at a CAGR of over 4.59% throughout the forecast period 2019 to 2026. Sheet metal products are highly solid and are used in robust structures. In addition, they are thin and light weight, an easy to transport. These are suitable for use in different weather conditions and provide resistance to humidity and corrosion.

Mobile Pumps Market By Product (Concrete Pumps, Vacuum Pumps, Hydraulic Pump, Others), By Source of Power ( Engine driven, Electrical driven), By End-User (Agriculture and Irrigation, Oil & Gas Industry, Construction, Water Treatment, Mining Industry, Energy & Power Generation, Chemical Industry, Other) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global mobile pumps market is expected to grow at a CAGR of around 4.1% from 2019 to 2026 and expected to reach the market value of around 696 Mn by 2026. A pump refers to the device which uses pressure or suction to raise or move compress gases, liquids, or force air through mechanical action. The mobile pumps are those which can be moved from one place to another for accompli

Mobile Tanks Market By Material Type (Carbon Steel, High-Density Polyethylene (HDPE), Stainless Steel), By by End Use (Chemical, Oil & Gas, Aviation, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global mobile tanks market size is expected to reach around US$ 809 million by 2026 with a CAGR of above 4% during the forecast period 2019-2026. Infrastructural development activities are taking places across the globe and government is focusing on development of outskirts region. Continuous construction activities are carried out in order to bridge this development gap and mo

Heating Equipment Market (By Product: Heat Pumps, Unitary Heaters, Boilers, Furnaces, Others; By Application: Industrial, Commercial, Residential) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global heating equipment market is expected to grow at noteworthy CAGR around 5.2 % throughout the forecast period and reach around US$ 52 billion by 2026. The need for efficient heating systems has resulted to the growth of mechanical devices that are cost-effective in providing the necessary heating atmosphere. With fast technological growth, heating equipment delivers effect

Asphalt Shingles Market (By Product Type: Strip Asphalt Shingles, Laminates Asphalt Shingles, Heavy Laminates Asphalt Shingles; By Composition: Organic Asphalt Shingles, Fiberglass Asphalt Shingles; By End Use: New Construction, Re-roofing) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global asphalt shingles market value is expected to reach around US$ 11 billion by 2026 growing at noteworthy CAGR around 7.5 % throughout the forecast period 2019 to 2026. The most popular roofing materials for various building projects worldwide are asphalted shingles. The roofs in single buildings, tiny housing projects and house rows are frequently used. Asphalt shingles are used mainly to

Portable Air Compressor Market (By Technology: Reciprocating, Rotary [Scroll, Screw]; By Lubrication: Oil Filled, Oil Free; By Application: Food & Beverage, Building & Construction, Manufacturing, Oil & Gas, Semiconductor & Electronics, Energy, Mining & Construction, Municipal, Healthcare) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global portable air compressor market is expected to grow at noteworthy CAGR around 3.7 % throughout the forecast period and reach around US$ 10 billion by 2026. The market for portable air compressors is used in multiple sectors such as production, healthcare, construction and design, food and beverage, etc. In the coming years, the increased use of products due to mobility comforts will boost

Cart Summary