The worldwide active, smart, and intelligent packaging market is supposed to develop at a CAGR of 9.8%, from US$ 27.1 billion of every 2022 to US$ 43.3 billion in 2027.According to FMI’s latest industry examination, active packaging is supposed to be the most famous packaging type in the worldwide active, smart, and intelligent packaging market in 2022, representing 3/fourth of the market share.
As per the application-explicit examination, the food and drink industry will represent almost 50% of all active, smart, and intelligent packaging sold worldwide in 2022. The ascent is filled by the rising requirement for preventive packaging among the present shoppers.
According to the regional consumer survey of active smart & intelligent packaging, sales in Western and Eastern Europe combined are predicted to reach US$ 8.7 billion in 2022 and US$ 12.4 billion in 2027. The demand for packaged, frozen, and ready-to-eat food has increased significantly in recent years as a result of changing urban lifestyles and global population patterns.
The packaging business has been working on developing solutions that give optimum food security while keeping nutritional content at competitive prices, since supply of exotic fruits and vegetables, meat products, and frozen foods has crossed geographical boundaries.
Request A Sample Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-5594
The packaging of food and beverages has altered considerably from traditional to sophisticated packaging. Traditional packaging is only concerned with issues of external protection. Advanced packaging, on the other hand, interacts with the environment both internally (active packaging) and outwardly (intelligent packaging) and improves the visual appeal of the items. As a result, food and beverage manufacturers, as well as packaging manufacturers, are studying how physical, chemical, and microbiological textures vary inside packed foods.
The need for convenience foods such as ready-to-cook meals, tougher food safety standards, and desire for sustainable packaging are driving the global advanced packaging technology market. Other factors driving the market’s growth include rising consumer health awareness, food waste, manufacturers’ concerns about food product shelf life, and supply chain inefficiencies.
Furthermore, customer trust in packaged goods, well-organized food safety standards, the fear of bioterrorism, and expanded applications in ready-to-eat meals and frozen foods have generated a tremendous market opportunity for improved packaging technology.
Global Active, Smart, and Intelligent Packaging Market: Competitive Intelligence
The report profiles some of the leading players in the global active, smart, and intelligent packaging market the likes of PakSense, Inc., Landec Corporation, Sealed Air Corporation, Bemis Company, Inc., Crown Holdings, Inc., Amcor Limited, 3M, Timestrip UK Ltd., Cryolog S.A., Vitsab International AB, Varcode, Ltd., LCR Hallcrest LLC, Thin Film Electronics ASA, CCL Industries Inc., Temptime Corporation, Multisorb Technologies, Inc., and Coveris Holdings S.A.
How Covid-19 Impacted Global Active, Smart & Intelligent Packaging Market?
The pandemic situation broke out due to the spread of the covid-19 virus, as a result, the federal governments imposed a lockdown to control the further spread of the virus among the people. The lockdown brought a standstill to all the manufacturing works and supply chains, only production of food & beverages along with medicinal supply was permitted.
The food & beverages along with the pharmaceutical sector being the largest consumers of active, smart & intelligent packaging the demand witnessed a minimal negative growth in the year in which the pandemic broke out. Moreover, in the subsequent year due to sharp rise in demand for pharmaceutical vaccines and supplies will ensure the expansion of globally active, smart & intelligent packaging over the forecasted period.
Ask Us Your Questions About This Report @
https://www.futuremarketinsights.com/ask-question/rep-gb-5594
Competitive Landscape
Globally renowned manufacturers across active, smart & intelligent packaging are eyeing to enter into strategic partnerships with major end use industries and focusing upon launching innovative packaging for satisfying modern day packaging needs:-
- In May 2021, Varcode Ltd. announced an agreement with Media Sourcery, Inc. to integrate its Smart Tag™ technology into cold chain solutions.
- In March 2021, Amcor announced a collaboration with JD Farm to jointly launch NFC (near field communication)-enabled packaging that will ensure more effective and interactive consumer engagement.
Global Active, Smart And Intelligent Packaging Market By Category
By Packaging Type :
- Active Packaging
- Oxygen Scavenging Sachets
- Modified Atmosphere Packaging (MAP)
- Smart & Intelligent Packaging
- Time & Temperature Indicator (TTI) Labels
- Freshness Indicators
- Radio Frequency Identification (RFID) Tags
By Application :
- Food & Beverage
- Meat, Poultry & Seafood
- Fruits & Vegetables
- Dairy Products
- Bakery & Confectionary
- Processed Food
- Others
- Pharmaceuticals
- Cosmetics
- Others
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East and Africa (MEA)
- Japan
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs