Global Active, Smart and Intelligent Packaging Market is valued approximately USD 16.39 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2019-2026. Active smart and intelligent packaging refer to the packaging systems used in pharmaceuticals, foods and several other types of products. Use of active, smart and intelligent extent the shelf life, improve safety, display information on quality, monitor freshness and also improve use convenience. Traditional packaging addresses issues related to protection from external factors. Thus, active smart and intelligent packaging is widely used by the packaging producers to retain the product freshness and nutrient value at competitive pricing. Growing urban population coupled with changing lifestyles has resulted in growing demand for ready-to-eat and packed food. Increasing demand for fresh and quality packaged food coupled with manufacturers’ concerns for longer shelf life are key driving forces of the market growth. Furthermore, growing demand for sustainable packaging is expected to create significant growth opportunity in the market over the forecast period. However, harmful effects of packaging material impede the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Active, Smart and Intelligent Packaging market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing health awareness among the consumers, demand for sustainable packaging and stringent regulations. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising disposable income and changing lifestyle, demand for sustainable packaging and stringent regulations would create lucrative growth prospects for the Active, Smart and Intelligent Packaging market across Asia-Pacific region.
Major market player included in this report are:
BEMIS COMPANY, INC.
Constar International Inc
Crown Holdings Inc.
W. R. Grace & co
Graham Packaging Company Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Intelligent packaging technology
Frozen Processed Food by types
Chilled Processed food
Dried Processed Food
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Active, Smart and Intelligent Packaging Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers