The projection period is expected to see a CAGR of 9.49% on average for the global active packaging market. In 2023, the market is expected to be worth US$26.13 billion. By 2033, the active packaging market is projected to reach a value of US$ 64.71 billion. During the base year, a historical market worth of US$ 23.87 billion was reported. The following influential parties support the average market growth:
- The food and beverage industry’s extensive use of active packaging is accelerating the market’s expansion. In order to extend the shelf life of packaged items, certain fluids are removed, which results in this excessive usage.
- There is a significant increase in demand for ready-to-eat and portable food items among metropolitan consumers.
- As they emit gases inside the packages, processed and chopped fruits and vegetables utilize a lot of active packaging, which will increase demand for it in 2023.
- Along with maintaining freshness, active packaging improves food convenience and safety.
- The demand for the goods is being fueled by an increase in user adoption of active packaging in convenience stores and the packaged food industry.
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Some of the key companies proliferating in the market are
- Avery Dennison
- Amcor PLS
- American Thermal Instruments
- Temptime Corporation
- Smartrac N.V.
- BASF SE
- Thin Film Electronics ASA
- Stora Enso
- International Paper
- Emerson Electric Co.
- R. Donnelly & Sons (RRD) Company
- Sealed Air Corporation
- Smartglyph Ltd.
Key trends for Active Packaging Market:
The active packaging market is evolving rapidly to meet the changing needs and preferences of consumers, regulatory requirements, and technological advancements. Here are some key trends in the active packaging market:
- Food Safety and Preservation: The focus on food safety and extending shelf life is driving the adoption of active packaging solutions. These technologies help in reducing food waste by preserving the freshness and quality of products.
- Sustainability: Environmental concerns are leading to the development of sustainable active packaging solutions. Biodegradable and eco-friendly materials are gaining prominence as consumers seek more environmentally responsible options.
- Intelligent Packaging: Active packaging is becoming smarter with the integration of sensors and RFID technology. This enables real-time monitoring of product quality, temperature, and freshness during transportation and storage.
- Antimicrobial Packaging: With concerns about foodborne illnesses and the need for longer shelf life, antimicrobial packaging is on the rise. These materials inhibit the growth of bacteria, molds, and yeasts, ensuring food safety.
- Oxygen Scavengers: Oxygen is a major contributor to food degradation. Oxygen scavengers in active packaging help remove or reduce oxygen levels in packaging, preserving the quality of the contents.
These trends reflect the dynamic nature of the active packaging market as it responds to evolving consumer preferences, industry regulations, and technological innovations. Companies in this space should stay adaptable and innovative to remain competitive and meet the changing demands of various industries.
Recent Developments
- In April 2022, Amcor PLC made an investment to expand its medical thermoforming packaging capabilities in its healthcare packaging factory located in Sligo, Ireland. The investment is of multiMn dollars that would support Amcors’ expanding sterile packaging business and refer clients in North America and Europe for accessing another location with all-inclusive healthcare options.
- In May 2022, Avery Dennison made an announcement about its strategic alliance with WIliot, a provider of digital ID technologies. This alliance is to scale the Internet of Things with the inclusion of atma.io as the design, development, and production of Wiliot tags, which will make a significant contribution to the development of interconnected and fully intelligent IoT.
- In March 2022, Graphic Packaging made an effort to expand its selection of environment-friendly packaging options for the beverage sector. The company introduced EnviroClip, a minimal Material and paperboard substitute for shrink film and plastic rings for beverage cans. This introduction was made as a part of the firm’s commitment to continued product innovation in support of a more circular economy.
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Key Segments in the Active Packaging Market
By Type:
- Oxygen Scavenger
- Shelf-life sensing
- Time Temperature Indicator
- Moisture Absorber
- Others
By Application:
- Food and Beverage
- Healthcare
- Pharmaceutical
- Personal Care
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa(MEA)
- Europe
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