Future Market Insights has announced the addition of the “Next Generation Packaging Technology Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
London, UK -- (SBWIRE) -- 08/07/2015 -- Next Generation packaging can also be termed as intelligent packaging, Smart packaging. It is used primarily for the displaying information on quality, monitor freshness, improve safety, extend shelf life of product and also for providing more convenience to the consumers. Smart packaging generally involves controlling, sensing and measuring inner atmosphere and several other features of package.
Next Generation Packaging Technology Market: Drivers & Restraints
Global Next Generation Packaging Technology market is expected to grow rapidly during forecasted period. This market is approximately US$ 500 Mn and expected to cross the mark of US$ 1 Bn till 2020. New innovations in packaging like printable electronics, growing concern for higher security and quality standards of products, rapid urbanization, increasing consumer awareness etc. are some of the major driving factors for the growth of global Next Generation Packaging Technology market. On the other hand high implementation cost, concern regarding effect of packaging material on human body and strict government regulations are some of the major restraining factors for the growth of Next Generation Packaging Technology market.
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Next Generation Packaging Technology Market: Segmentation
Next Generation Packaging Technology market can be segmented on the basis of technology and applications. By technology, the global Next Generation Packaging Technology market can be segmented into active packaging, intelligent packaging and modified atmosphere packaging (MAP). Active packaging interacts with the product and generally used for food packaging. It also helps to extend the shelf life of the product Active packaging can be further sub segmented into antimicrobials, oxygen scavengers, carbon dioxide scavengers, oxygen emitters, carbon dioxide emitters, ethylene scavengers, ethanol emitters and others (Moisture control & corrosion control, Gas Barrier, Flavour & Odour).
Second type of packaging technology is intelligent packaging, it adds additional information function on packaging in the form of sensors, indicators and tracking devices. Further, intelligent packaging can be sub segmented into Sensor such as gas sensor, bio sensor, others (fluorescence based oxygen sensor), Indicators such as time temperature indicator, freshness indicator, others (integrity indicators) and Tracking devices- RFID, NFC.
Third type of packaging technology is modified atmosphere packaging, this packs are created by evacuating some or entire air from the package and then replacing it with protective gas mixture.
By application global Next Generation Packaging Technology market can be segmented into food & beverages industry, medical & pharmaceutical industry, personal care industry, automotive Industry and other industry. Out of all this application, food & beverages application dominates the global smart packaging technologies market. It is mainly because of increasing demand of fresh and quality food, advancement into food packaging technology and growing food packaging industry. Medical and pharmaceutical sector is second largest in terms of application of smart packaging. It is mainly because of increasing demand of secure and anti-counterfeit pharma packaging solutions.
Next Generation Packaging Technology Market: Region wise outlook
On the basis of region the market is further segmented into seven geographical regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Japan as a separate region and Middle East and Africa region. Out of all this region, developed regions like North America and Western Europe dominates the global smart packaging technologies market. APAC is expected to grow rapidly during forecasted period. China is one of the important market and largest manufacturer of smart packaging technologies.
Next Generation Packaging Technology Market: Key Players
Key players in the global Next Generation Packaging Technology market are Amcor Limited, MeadWestvaco Corporation, Sonoco Products Company, Sealed Air, Stora Enso, Bemis Company, Inc., MULTIVAC, WS Packaging Group, Inc., Active Packaging Ltd., ULMA Packaging, S.Coop. and others
The report covers exhaustive analysis on:
Next Generation Packaging Technology Market Segments
Next Generation Packaging Technology Market Dynamics
Historical Actual Market Size, 2012 - 2014
Next Generation Packaging Technology Market Size & Forecast 2015 to 2025
Supply & Demand Value Chain
Next Generation Packaging Technology Market Current Trends/Issues/Challenges
Competition & Companies involved
Next Generation Packaging Technology Market Drivers and Restraints
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Regional analysis for Next Generation Packaging Technology Market includes:
US & Canada
Brazil, Argentina & Others
Australia and New Zealand (ANZ)
Rest of Asia Pacific
Middle East and Africa
Other Middle East