Active Packaging Market is predicted to thrive at a CAGR of 7.04% over the period 2018-2024

Knowledge Sourcing Intelligence announces the publication of a new report on "Active Packaging Market- Forecasts from 2019 to 2024" to their offering. The active Packaging market is growing due to an increase in demand for packaged food. Ready to eat food like chopped and packaged fruits and vegetables are employing active packaging to a great extent.

This report provides forecast and analysis of the active packaging market which is estimated to surge from US$19.019 billion in 2018 to US$28.608billion by 2024,
Active Packaging refers to the packaging systems used with foods, pharmaceuticals, and several other types of products. Active packaging helps in increasing shelf life, improves safety, improves convenience, helps in monitoring, the freshness of food, helps in displaying helpful information about the product, etc. The active Packaging market is growing due to an increase in demand for packaged food. Ready to eat food like chopped and packaged fruits and vegetables are employing active packaging to a great extent. Technology advancement in active packaging is making these segments more affordable. Active packaging helps in absorbing odor, gases, dripping liquids, controlling humidity, increasing its application.

The Active Packaging Market is segmented by Packaging Technology, by Application, and geography. Segmentation by packaging technology is by Oxygen Scavengers, moisture controllers, antimicrobial agents, UV Blocking, and others. Segmentation on the basis of Application is by Food & Beverages, Pharmaceutical and Healthcare, Electronics Products, Consumer Care, and Others.

By geography, the Active packaging market has been segmented as Americas, Europe, the Middle East and Africa, and the Asia Pacific. The Americas and Europe market are projected to hold the dominating share in the market due to early adoption of these packaging solutions, and a rising number of disease cases is creating the need for efficient packaging solutions that can assist in meeting the requirement of reduced wastage and assist in controlling the disease outbreaks. Asia Pacific region is also projected to hold a good share due to the increasing number of applications across pharmaceutical, electrical and electronics, and consumer care sector, in conjunction with the rapid urbanization and the growing number of working women joining the workforce, is spurring the demand for these solutions over the forecast period.

Some of the major players covered as part of the report BASF, DuPont, Amcor, 3M, Sonoco, WestRock, Bemis, Sealed Air Corporation, Tetra Laval, Reynolds Group Holdings, among others.

This report segmented the Active Packaging Market on the basis following terms:

o By Packaging Technology
o Oxygen Scavengers
o Moisture Controllers
o Antimicrobial Agents
o UV Blocking
o Others

o By Application
o Food & Beverages
o Pharmaceutical and Healthcare
o Electronic Product
o Consumer Care
o Others

o By Geography
o North America
o United States
o Canada
o Mexico

o South America
o Brazil
o Argentina
o Others

o Europe
o Germany
o France
o UK
o Spain
o Others

o Middle East and Africa
o Israel
o Saudi Arabia
o Others

o Asia Pacific
o China
o Japan
o South Korea
o India
o Others

Purchase complete report or request sample: https://www.knowledge-sourcing.com/report/active-packaging-market

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.