Active and intelligent packaging market size to cross revenues of over $24 billion by 2024
Anti-microbial packaging is one of the latest additions in the global packaging market. The increased use of anti-microbial packing agents as a mechanism to maintain safety and preserve the quality of food items for a longer duration is one of the major factor driving the global market. The flexibility of using both synthetic polymers and edible films is the major driver for anti-microbial packaging.
The increasing usage of RFID and barcodes in industrial setups to streamline the supply chain process is one of the major factors for the rise of intelligent packing solutions. Therefore, the inclusion of additional features/functionalities such as providing information for the integrity of the package and quality of the contents stored in the package throughout the logistics will accelerate the demand for RFID solutions.
The edible coating on food products is a new technology driving the active packaging industry. It is highly used to pack frozen and chilled food products. The growing demand for frozen packaged food products in North America and Europe is a major key factor fueling the growth of active packing market. It has a large share in the market, as it requires low investments. Antioxidants and preservatives used in this type of packing are inexpensive to procure, hence can be easily adopted by vendors. Brand manufacturers are increasingly using active packing to ensure that the product is displayed for a longer duration at the retail shelves. Further, active packing has a better growth rate than intelligent ones in developing countries, as it is more inexpensive than smart packaging.
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The global active and intelligent packaging market is expected to grow at a CAGR of more than 4% during 2018–2024.
The following factors are likely to contribute to the growth of the global active and intelligent packaging market during the forecast period:
- Active packaging through an edible coating
- Use of natural anti-microbial agents
- Growth of nanotechnology in intelligent packaging
- Growth of anti-microbial packaging
- Increase in product counterfeiting
The study considers the present scenario of the active and intelligent packaging market dynamics for the period 2018−2024. The study covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. The study also profiles and analyzes the leading companies and other prominent companies operating in the active and intelligent packaging market.
Key Vendors
- Avery Dennison
- Business Overview
- Major Product Offerings
- Key Strengths
- Key Strategies
- Key Opportunities
- DuPont
- Stora Enso
- Timestrip
- Thinfilm Electronics
Other Prominent Vendors
- Amcor
- Business Overview
- Major Product Offerings
- Sonoco Thermosafe
- Sealed Air
- Westrock
- Mitsubishi Gas Chemical
- Tropack Packmittal GmBH
- Cryolog
- Crown
- Graphic Packaging
- TC Transcontinental
- Desiccare
Market Segmentation by Applications
- Food
- Beverages
- Healthcare
- Others
Market Segmentation by Active Packaging System Type
- Gas Scavengers
- Moisture Control System
- Microwave Susceptors
- Others
Market Segmentation by Intelligent Packaging System Type
- Interactive Packaging
- Indicators
- Sensors
Market Segmentation by Geography
- APAC
- China
- Japan
- Australia
- India
- South Korea
- Singapore
- Europe
- Germany
- France
- UK
- Italy
- Spain
- North America
- US
- Canada
- Latin America
- Argentina
- Brazil
- Chile
- Colombia
- Mexico
- MEA
- Turkey
- Saudi Arabia
- South Africa
- Egypt
- UAE
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