Leeds, UK -- (SBWIRE) -- 10/07/2020 -- Active & Intelligent Packaging Market Size And Forecast:
Active & Intelligent Packaging Market was valued at USD 16.8 Billion in 2018 and is projected to grow at a CAGR of 7% to achieve USD 27.3 Billion by 2026, over the forecast period.
The worldwide active and intelligent packaging market is anticipated to develop on account of accelerating need for specialty covering in an effort to retain shelf life, freshness and dietary value of the products at cheap costs.
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Global Active & Intelligent Packaging Market Definition
Active and Intelligent Packaging includes two totally different phenomena wherein Active packaging includes safety of the product from materials and intelligent techniques add further information on the cover in the form of electronic or non-electronic forms. The Active & Intelligent Packaging is accepted throughout the globe as a result of it addresses some modern-day issues of individuals. The Active & Intelligent Packaging includes sensible wrapping method that will increase effectivity, and reduces customer waiting time at POS. Continuous enhancements available in the market have kept the active and intelligent packaging relevant in the market. It is out there globally in various product varieties similar to paper, plastic, wood, glass, and many others.
World Energetic & Clever Packaging Market Overview
A rise in city population together with elevated life and elevated disposable revenue has resulted in elevated ready-to-eat, frozen, and packaged meals demand. Rising demand for fruits & vegetables, meat, and frozen products throughout the globe on account of rising international trade practices has led to elevated demand for specialty packaging. Furthermore, well-developed transportation services are anticipated to drive the worldwide trade, which in flip is anticipated to have an effect on the active and intelligent market positively.
There are particular restraints and challenges confronted which is able to hinder the general Active & Intelligent Packaging market development. Rising uncooked materials price provides to the elevated price of manufacturing and impacts the entire price. That is anticipated to hamper active and intelligent packaging market growth.
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Global Active & Intelligent Packaging Market: Segmentation Analysis
The Global Active & Intelligent Packaging Market is segmented based on Product, Application, and Geography.
Active & Intelligent Packaging Market by Product
- Paper
- Plastic
- Metal
- Glass & Wood
- Others
The Paper and Plastic segment dominate the market with the majority of market share. With stringent regulations imposed on varieties of plastic, the paper segment is anticipated to witness a significant growth during the forecast period.
Active & Intelligent Packaging Market by Application
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Electronics
- Others
The Food & Beverage industry has witnessed the fastest growth owing to the stringent food safety policies across the globe. The demand from consumers to retain color, taste, and shelf life in the packaged foods has driven the market across the end-users
Active & Intelligent Packaging Market by Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Strict legislation regarding food and beverage packaging has led to increased demand for advanced systems in the region. Asia Pacific is expected to be the fastest-growing segment on account of increased disposable income and changing lifestyles in emerging economies.
Key Players In Active & Intelligent Packaging Market
The "Global Active & Intelligent Packaging Market" study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Amcor
- Bemis Company
- Ampac
- PakSense, Inc.
- Avery Dennison
- CCL Industries
- BASF
- Clariant International
- DuPont
- Grace (WR) & Company
- Graphic Packaging
- 3M Company
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