Active Smart and Intelligent Packaging - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Active Smart and Intelligent Packaging Market is accounted for $17.82 billion in 2019 and is expected to reach $34.73 billion by 2027 growing at a CAGR of 8.7% during the forecast period. Demand for longer and sustainable packaging products and increasing interest for fresh and quality food are the major factors propelling the market growth. However, security and privacy issues in case of intelligent packaging are hampering the market growth.
Active, smart, and intelligent refer to packaging systems used with foods, pharmaceuticals, and several other types of products. They help extend shelf life, monitor freshness, display information on quality, improve safety, and improve user convenience. It is used by the packaging producers to retain nutrient value and product freshness at competitive pricing.
Based on the product type, the active packaging segment is likely to have a huge demand during the forecast period due to it is radically changed from traditional to superior packaging. Traditional packaging only addresses problems related to protection from external factors. However, active packaging interacts internally and externally with the environment and enhances the visual appeal of the products.
By geography, North America is estimated to have a lucrative growth due to strict legislations regarding food and beverage packaging has led to increased demand for advanced systems in the region.
Some of the key players profiled in the Active Smart and Intelligent Packaging Market include Sysco Corporation, VIP Packaging, WestRock Company, BASF SE Company, Graham Packaging Company Inc, Mitsubishi Gas Chemical, Ball Corp., Multisorb Technologies, Sealed Air Corporation, Amcor limited, Eastman Chemical Company, Timestrip PLC, Paksense Incorporated and M&G USA Corporation.
• Glass & Wood
Product Types Covered:
• Active Packaging
• Smart & Intelligent Packaging
Functional Materials Covered:
• Temperature Sensitive
• Moisture Sensitive
• Gas Sensitive
Function Types Covered:
• Track & Trace
• Protection & Security
• Food & Beverage
• Personal Care
• Flexible Packaging
• Rigid Packaging
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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