Active Packaging, Intelligent Packaging, and Smart Packaging refer to packaging systems used with foods, pharmaceuticals, and several other types of products. They help extend shelf life, monitor freshness, display information on quality, improve safety, and improve convenience. The terms are closely related.
Active, Smart and Intelligent Packaging Market accounted to USD 4.5 billion in 2016 growing at a CAGR of 7.6% during the forecast period of 2017 to 2024.
The rising trend of advanced packaging of products for protection of internal and external aspects of the products has resulted in growth of active, smart and intelligent packaging market. The active, smart and intelligent packaging extends the shelf life, monitors the freshness of the product, and improves safety and convenience of the product.
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Major Market Competitors:
- Amcor Ltd.,
- Graham Packaging Company Inc.,
- Landec Corp.,
- Ball Corp.,
- Timestrip plc,
- VIP Packaging,
- Sealed Air Corp.,
- SYSCO Corp.,
- Mitsubishi Gas Chemical,
- Multisorb Technologies,
- Timestrip PLC,
- Sysco Corporation,
- Paksense Incorporated,
- Eastman Chemical Company,
- M&G USA Corporation,
- Thin Film Electronics ASA,
- Temptime Corporation,
- Coveris Holdings S.A.,
- Varcode, Ltd.,
- Cryolog S.A. among others.
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Major Market Drivers and Restraints:
- Rising packaged foods
- Increased awareness of food safety concerns
- Advancements in technology
- High cost of implementation
- Harmful effects of packaging
- By type the market for active, smart and intelligent market is segmented into Active Packaging, Modified Atmosphere Packaging, and Intelligent Packaging.
- By ingredients the active, smart and intelligent market is segmented into Paper, Plastic, Metal, Glass & Wood, Others.
- On the basis of end user, the active, smart and intelligent market is segmented into Food and Beverages, Pharmaceuticals, Metal, Automobile, Electronics, Others.
- On the basis of geography, active, smart and intelligent market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
The active, smart and intelligent market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of active, smart and intelligent market for global, Europe, North America, Asia Pacific and South America.
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