Global Active & Intelligent Packaging Market Information: By Technology (Oxygen Scavengers, Moisture Absorbers, Shelf Life Sensing, Temperature Indicators, And Others) By Application (Food & Beverages, Healthcare, Personal Care And Others) And Region- Forecast To 2023
Pune, India -- (SBWIRE) -- 03/29/2018 -- Market Research Future published a raw research report on Global Active & Intelligent Packaging Market that contains the information from 2014 to 2023. Global Active & Intelligent Packaging Market is expected to grow at CAGR ~6.44% from 2017 to 2023.
The active packaging technology, such as gas scavenger and moisture control packaging, is predominantly used in the food & beverages and healthcare sector. Furthermore, it is used in the intelligent packaging solutions such as time-temperature indicator, gas indicator, RFID & barcode, and NFC. This technology, essentially, drives the scope and demand due to it's a wide range of applications such as automotive and personal care.
Taste the market data and market information presented through more than 55 market data tables and 45 figures spread in 111 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Active & Intelligent Packaging Market Information from 2014 to 2023."
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Evolution of packaging is one of the major driving factors of the global market. The role of packaging has developed to protect aesthetics, anti-counterfeiting features, and environmental sustainability. The global smart packaging market has witnessed the fastest growth in the food & beverage sector due to the stringent food safety policies across the globe. The demand for solutions to retain color, taste and shelf life in the packaged foods has driven the market growth to some extent.
North America is dominating the global active & intelligent packaging market. The region has witnessed increased investments in the R&D and product innovation as far as the packaging is concerned. Additionally, stringent food safety policies drive the demand for active & intelligent packaging in the food & beverage sector.
Growing demand from pharmaceutical industry
The stringent regulation, innovation, and quality dominate the market. These regulations increase sustainability and use of environmental-friendly materials while responding to the multiplying opportunities presented by the globalization, making packaging more crucial than ever. Legislative changes, new drugs, and advances in technology need suitable changes in the packaging. It can also provide valuable information about expiry dates, composition, and dosages to patients, pharmacists, and healthcare professionals.
Increasing disposable income and government commitments for providing basic health facilities is expected to drive the pharmaceutical market growth and increase the investment in the packaging sector. According to IMS Market prognosis, the U.S. dominated the market in terms of per capita pharmaceutical spending in 2016, followed by Japan and Canada.
We recognized some of the key players in the global active & intelligent packaging market: Amcor Limited (Australia), Ampacet Corporation (U.S.), Ball Corporation (U.S.), Bemis Company, Inc. (U.S.), Constar International Inc.(U.S.), Crown Holdings Incorporated (U.S.), W.R. Grace and Company (U.S.), Graham Packaging Company Inc.(U.S.), Klockner Pentaplast (Subsidiary Of Blackstone Group) (U.S.), Landec Corporation (U.K.), Mitsubishi Gas Chemical Company (Japan), and Rexam plc. (U.K.)
The global active & intelligent packaging market is segmented by technology (oxygen scavengers, moisture absorbers, shelf life sensing, temperature indicators, and others), application (food & beverages, healthcare, personal care and others), and geography (The Americas, Europe, Asia Pacific and the Middle East & Africa)
The global market is segmented on the basis of geography: Asia Pacific, North America, Europe, and the Middle East & Africa. Regions such as North America and Europe are dominating the active & intelligent packaging market due to stringent legislation regarding food and beverage packaging and technological advances in the field of active packaging. Asia Pacific is expected to experience the fastest growth during the forecasted period due to the economic growth of China and India. The increasing demand for fresh and quality packaged food, consumer convenience, and manufacturers concern for the longer shelf life of the food products are providing an opportunity to the Asia Pacific region to grow further.
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Scope of the report
This study provides an overview of the global active & intelligent packaging market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Active & Intelligent Packaging market by its Technology and region.
- Oxygen scavengers
- Moisture absorbers
- Shelf Life Sensing
- Temperature Indicators
- Food & beverages
- Personal care
- North America
- Asia Pacific
- Middle East & Africa
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