Active, Smart and Intelligent Packaging Market Overview
The recent report published by Market Research Future (MRFR) states that the global market for active, smart and intelligent packaging represented an approximate value of more than USD 15 bn in 2016 and is expected to value at USD 23.76 billion at a projected period.
The packaging industry has developed at an unmatched rate over the current years. This is partly on account of the surged consumption of packaged food globally. Packaging has become a significant aspect of product marketing tactics. The focus is shifting beyond making the packaging eye catching. Businesses are now adding new functional attributes to their gamut of packaging offerings with the objective of gaining consumer trust and creating a unique brand image. Additionally, transforming lifestyle and increasing level of health consciousness among customers to an extent has impacted the packaging sector. Brands are putting greater attention towards understanding and identifying consumer preference and expectation. Packaging can play a significant role in luring a time-bound customer. Factors like this are developing growth avenues for active and intelligent packaging solutions.
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Active, Smart and Intelligent Packaging is a progressive packaging solution that is being applied in several industries including food and beverages (F&B) and pharmaceuticals. Such packaging solutions have improved functionalities as compared to traditional solutions. They appear with cutting-edge functionalities such as advanced information display feature and freshness monitoring. Further, active and intelligent packaging also assists in maintaining prolonged shelf life as well as providing enhanced convenience to customers. Intelligent packaging can of measure or sense the features of the product, hence, they move beyond the conventional functions of inert containment and protection of the product. Manufacturers are focusing on incorporating programmable matter and smart materials in these packages in with the aim of making them future-ready. Inner restrictions of conventional packaging are prompting businesses, especially in the F&B sector, to give rise to more efficient packaging services. Perishable products such as meat and frozen food need premium quality packaging as they are greatly susceptible to spoilage and contamination when in contact with the external atmosphere. Additionally, the enactment of stringent packaging laws on consumer goods is augmenting sharply in the active, smart and intelligent packaging sector for the global market.
Key Players
The Active, Smart and Intelligent Packaging Market is dominated by key players such as
Bemis Company, Inc. (U.S.)
Ampacet Corporation (U.S.)
Landec Corporation (U.K.)
W.R. Grace and Company (U.S.)
Rexam plc. (U.K.)
Ball Corporation (U.S.)
Amcor Limited (Australia)
Klockner Pentaplast (Subsidiary Of Blackstone Group) (U.S.)
Constar International Inc.(U.S.)
Crown Holdings Incorporated (U.S.)
Mitsubishi Gas Chemical Company (Japan)
Graham Packaging Company Inc.(U.S.)
Market Segmentation
Based on technology, the Active, Smart and Intelligent Packaging Market is segmented into temperature indicators, moisture absorbers, shelf life sensing, oxygen scavengers, and others. Based on application, the Active, Smart and Intelligent Packaging Market is segmented into healthcare, food & beverages, personal care, and others.
Regional Analysis
Based on region, the Active, Smart and Intelligent Packaging Market is segmented into North America, Europe, the Middle East & Africa (MEA), and Asia Pacific. Over the forecast period, North America and Europe is estimated to project lucrative growth avenues for businesses operating in these areas. Prevalence of stringent laws that govern the effective packaging of food products is estimated to support the progress of the market in these regions. The Asia Pacific (APAC) market is also likely to experience a significant development over the next couple of years, on account of the unmatched advancement of the manufacturing sector in the market. At the same time, surging demand for packaged food coupled with the rapidly expanding boundaries of the retail sector is playing the role of growth enabler for the APAC market.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Technology
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continues…..
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List Of Figures
FIGURE 1 RESEARCH TECHNOLOGY OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
Continues……
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