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BEIJING, Feb. 21, 2023 (GLOBE NEWSWIRE) — The Global Active, Smart and Intelligent Packaging Market Size collected USD 12.2 Billion in 2022 and is set to achieve a market size of USD 29.4 Billion in 2032 growing at a CAGR of 8.3% from 2023 to 2032.
Active, Smart and Intelligent Packaging Market Research Report Highlights and Statistics:
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Active, Smart and Intelligent Packaging Market Report Coverage:
Market | Active, Smart and Intelligent Packaging Market | |
Active, Smart and Intelligent Packaging Market Size 2021 | USD 12.2 Billion | |
Active, Smart and Intelligent Packaging Market Forecast 2030 | USD 29.4 Billion | |
Active, Smart and Intelligent Packaging Market CAGR During 2022 – 2030 | 8.3% | |
Active, Smart and Intelligent Packaging Market Analysis Period | 2018 – 2030 | |
Active, Smart and Intelligent Packaging Market Base Year | 2021 | |
Active, Smart and Intelligent Packaging Market Forecast Data | 2022 – 2030 | |
Segments Covered | By Technology, By Applications, And By Geography | |
Active, Smart and Intelligent Packaging Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
Key Companies Profiled | 3M, Sealed Air Corporation, BASF SE, Amcor Limited, Huhtamaki Group, MeadWestvaco Corporation, E. I. Du Pont De Nemours and Company, Sonoco Products Company, Avery Dennison Corp., Graham Packaging, Ball Corp. | |
Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Active, Smart and Intelligent Packaging Market Overview:
Active, smart and intelligent packaging is a rapidly growing market that is revolutionizing traditional packaging by incorporating advanced technologies that enhance product quality, safety, and convenience. These types of packaging are designed to provide added value and benefits to products beyond simply containing and protecting them during storage and transportation.
Active packaging, for instance, refers to a type of packaging that actively interacts with the product to extend shelf-life and enhance freshness. This type of packaging may include technologies such as modified atmosphere packaging, oxygen scavengers, and antimicrobial agents. It finds diverse applications in the food industry, pharmaceuticals, and other sectors where product safety and quality are of utmost importance.
Smart packaging, on the other hand, utilizes technologies like QR codes, RFID tags, and other sensors to provide real-time data on the product’s status, location, and other vital information. This can be used for tracking and tracing, supply chain management, and other applications that require visibility and transparency.
Intelligent packaging is another type of packaging that uses sophisticated sensors and indicators to provide feedback on a product’s quality, freshness, and safety. It is commonly used in the food and beverage industry, where it helps to monitor the temperature, moisture, and other environmental factors that affect product quality.
The active, smart and intelligent packaging market is expected to see continued growth in the coming years, driven by advancements in technology and increasing demand for product safety, quality, and convenience. With diverse and unique applications across a range of industries
Trends in the Active, Smart and Intelligent Packaging Market:
Active, Smart and Intelligent Packaging Market Dynamics:
Growth Hampering Factors in the market for Active, Smart and Intelligent Packaging:
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Market Segmentation:
By Technology
By Applications
Active, Smart and Intelligent Packaging Market Overview by Region:
North America’s Active, Smart and Intelligent Packaging market share is the highest globally. The region is driven by the growing demand for packaged food products, which require advanced packaging solutions to ensure product safety, quality, and freshness. Additionally, the increasing adoption of e-commerce and home delivery services has driven the demand for active and intelligent packaging solutions that can provide real-time tracking and communication for the delivery of products.
The Asia-Pacific region’s Active, Smart and Intelligent Packaging Market share is also huge and is growing at the fastest rate, driven by the growing demand for packaged food products and the increasing adoption of e-commerce and home delivery services. The region is home to several emerging economies, such as China and India, which are experiencing rapid urbanization and lifestyle changes. This has led to a shift in consumer preferences towards convenience and high-quality food products, which has driven the demand for active and intelligent packaging solutions.
Europe is another key Active, Smart and Intelligent Packaging market, driven by the growing demand for sustainable and eco-friendly packaging solutions. The region is home to several innovative companies that are developing advanced packaging solutions that use biodegradable and compostable materials. Additionally, the growing demand for fresh and healthy food products is driving the demand for active packaging solutions that can extend the shelf life of these products and maintain their quality and freshness.
The South American and MEA regions have a smaller Active, Smart and Intelligent Packaging market share, however they are expected to grow at a steady pace.
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Active, Smart and Intelligent Packaging Market Key Players:
The Active, Smart and Intelligent Packaging Market is competitive and comprises of several players operating globally. These companies are investing in R&D and launching new and innovative products to cater to the growing demand for advanced packaging solutions. Some of the prominent players in the market include Amcor plc, Bemis Company Inc., Crown Holdings Inc., Sealed Air Corporation, Huhtamaki Oyj, Sonoco Products Company, 3M Company, TempTime Corporation, VIP Packaging, PakSense Inc., American Thermal Instruments Inc., Thin Film Electronics ASA, Coveris Holdings S.A., BASF SE, E. I. du Pont de Nemours and Company, Avery Dennison Corporation, Smartrac N.V., Stora Enso Oyj, Sanner GmbH, and Jones Packaging Inc. These players are focusing on expanding their geographical presence, enhancing their product portfolios, and entering into partnerships and collaborations to strengthen their market position.
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