Active, Smart, and Intelligent Packaging Market Introduction
Packaging has become a crucial element in today’s trade in goods era. Ongoing technological advancements in the packaging solutions have led to the introduction of advanced packaging systems such as active and intelligent packaging solutions. Active packaging enables producers to preserve the quality of food and protect packed item against the external environment and elements that affect the quality of food item. Also, such packing systems make storage, transportation and dispensing of packed product easier. Further, the use of intelligent packaging incorporating RFID tags, smart labels, and holograms has reduced the threat of counterfeiting and tampering of food items to a considerable extent. This, in turn, is increasing the uptake of intelligent packaging solutions among companies offering ready to eat, frozen foods, and fruits.
With increasing awareness concerning healthy and high-quality packed food among consumers, major food brands are investing substantial amount on advanced packaging technologies such as active and intelligent packing systems. This is anticipated to drive the growth of the active, smart, and intelligent packaging market across the globe. Also, widening application area of intelligent packaging in pharmaceuticals and beverages industry is boosting the active, smart, and intelligent packaging market growth. However, lack of awareness across small and mid-size companies operating in food & beverages and cosmetics industries in developing regions is likely to hamper the growth of the active, smart, and intelligent packaging market to a certain extent. Further, high cost associated with such advanced packaging is projected to hamper the expansion of active, smart, and intelligent packaging market size in the near future, especially in underdeveloped countries.
The global active, smart, and intelligent packaging market has been segmented based on packaging type and end users. The packaging type segment is classified into active packaging, and smart & intelligent packaging. Among these, active packaging is the dominant segments owing to its extensive applications in food & beverages industries. However, intelligent packaging segment is projected to experience healthy growth in terms of revenue over the forecast period. Based on end user, the global active, smart, and intelligent packaging market has been bifurcated into food, beverages, healthcare, cosmetics, and other end users. Major regions covered in the global active, smart, and intelligent packaging market research study are North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Active, Smart, and Intelligent Packaging Market Competitive Landscape
Major companies operating in the global active, smart, and intelligent packing industry are BASF SE Company, Crown Holdings Inc., Graphic Packaging Holding Company, Amcor Ltd., Bail Corporation, WestRock Company, Sonoco Products Co., Tetra Laval, DS Smith Plc, and AptarGroup Inc. These players are increasingly focusing on introducing technologically advanced packaging solutions that can enhance shelf life of packed items and maintain overall food quality.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on active, smart, and intelligent packaging market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.