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Active, Smart and Intelligent Packaging Market Current Scenario with Future Aspect Analysis

Apr 24, 2024


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The Global Active, Smart and Intelligent Packaging Market Size is valued at 22.9 billion in 2023 and is predicted to reach 42.73 billion by the year 2031 at an 8.30% CAGR during the forecast period for 2024-2031.


 


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Latest Drivers Restraint and Opportunities Market Snapshot:


Key factors influencing the global Active, Smart and Intelligent Packaging market are:



  • Increasing Consumer Demand for Product Information and Safety

  • Advancements in Sensor Technologies for Real-Time Monitoring

  • Rising Focus on Extended Shelf Life and Freshness


The following are the primary obstacles to the Active, Smart and Intelligent Packaging market's expansion:



  • High Initial Implementation Costs

  • Privacy and Security Concerns with Smart Packaging Data

  • Technical Challenges in Mass Production


Future expansion opportunities for the global Active, Smart and Intelligent Packaging market include:



  • Customization for Brand Enhancement and Consumer Engagement

  • Integration of Sustainable Materials in Intelligent Packaging

  • Collaborations for Research in Smart Packaging Innovations


 


Market Analysis:


Due to the rising demand for specialized packaging that extends shelf life, as well as the rising degree of freshness and nutritional value of the products at competitive prices that are added via the market products and services for the global target audience during the forecast period, the global market share for active, smart, and intelligent packaging is anticipated to grow significantly.


 


List of Prominent Players in the Active, Smart and Intelligent Packaging Market:



  • Multisorb Technologies

  • Sealed Air Corporation

  • Ball Corporation

  • Amcor limited

  • Timestrip PLC

  • Sysco Corporation

  • Paksense Incorporated

  • Eastman Chemical Company

  • M&G USA Corporation


 


Recent Developments:



  • In January 2022, A professor at the Department of Food Science at Rutgers University partnered with ProAmpac, a material science and flexible packaging company. To help ProAmpac deliver on its promise of creating active and intelligent food packaging, a new collaboration has been established with the Material Science and Innovation team of the company. These kinds of partnerships could spur innovation in the direction of durable and sustainable packaging products.

  • In July 2021, Flipkart and Myntra collaborated with the nonprofit canopy to purchase ecological packaging in an effort to promote sustainability even further. The Flipkart group reaffirmed its commitment to sustainability and advanced sustainable material procurement and packaging by joining Canopy's Pack4Good and CanopyStyle programs.


 


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Active, Smart and Intelligent Packaging Market Dynamics:


Market Drivers: Increasing In Shell Life of Food


Foodstuffs with active packaging are being developed to keep them fresher and maintain their high quality for longer. Active packaging is crucial to food preservation because it enables interactions between packages, food, and the environment. Food processing businesses fuel the demand for active packaging, reducing food waste and promoting more convenient packing for consumers while keeping food fresh for longer periods along the supply chain.


Challenges: High Initial Implementation Costs


One of the biggest obstacles facing the Active, Smart, and Intelligent Packaging Market is the high upfront implementation costs. Incorporating sophisticated technologies, sensors, and communication systems raises the initial costs for companies implementing these cutting-edge packaging ideas. Businesses that want to invest in essential technology and infrastructure have budgetary limits. Although long-term advantages include increased consumer interaction, real-time monitoring, and greater product safety, getting beyond the initial cost barrier is still a critical step in ensuring that these advanced packaging solutions are widely used.


North America Is Expected To Grow With The Highest CAGR During The Forecast Period 


The North America Active, Smart, and Intelligent Packaging Market will likely register a significant revenue share and develop at a rapid CAGR soon. The increasing demand for frozen and packaged goods, increased concerns about food safety, and changing urbanization-related demographics have all contributed to North America's rise to the top of the worldwide active, smart, and intelligent packaging market. The country's largest share is primarily driven by expanding urbanization-related proactive and intelligent packaging use as well as rising consumer concerns about food safety due to food safety issues. Because of the manufacturer's shock-absorbing properties, it is ideal for storing and transporting goods, such as electronic systems, consumer goods, wines, and pharmaceutical and healthcare supplies. These factors all affect how much packing the end-user group needs.


 


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Segmentation of Active, Smart and Intelligent Packaging Market-


By Product-



  • Active packaging

    • O2 Scavenging Sachets

    • MAP



  • Smart & Intelligent Packaging

    • TTI Labels

    • Freshness Indicators

    • RFID Tags




By Application -



  • Food & Beverage

    • Meat, Poultry & Seafood

    • Fruits & Vegetables

    • Dairy Products

    • Bakery & Confectionary

    • Processed Food

    • Others



  • Pharmaceuticals

  • Cosmetics

  • Others


By Region-


North America-



  • The US

  • Canada

  • Mexico


Europe-



  • Germany

  • The UK

  • France

  • Italy

  • Spain

  • Rest of Europe


Asia-Pacific-



  • China

  • Japan

  • India

  • South Korea

  • Southeast Asia

  • Rest of Asia Pacific


Latin America-



  • Brazil

  • Argentina

  • Rest of Latin America


 Middle East & Africa-



  • GCC Countries

  • South Africa

  • Rest of Middle East and Africa


 


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