Next-Generation Packaging Market Growing Demands, Supply And Business Outlook In Near Future- Coherent Market Insights

Next-generation packaging is an advanced packaging solution that offers features such as traceability and also provides product quality information. These packaging solutions help in tracing shipments across different locations and reduce the chances of product damages. Active packaging, intelligent packaging, and modified atmosphere packaging. These solution also involve other advanced and eco-friendly process including waste disposal and air quality testing as well as the use of clean dilutions to reduce contamination. Intelligent packaging involves the use of sensors, RFID tags, and indicators are some of the major next-generation packaging.

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The rising demand for efficient packaging solutions among consumers is fueling the growth of the next-generation packaging market. Increasing advancement in the packaging materials coupled with the growing need for sustainable packaging techniques is again expected to foster market growth. Moreover, the growing adoption of advanced sensors and QR codes is also fostering the growth of next-generation packaging market. The advent of active packaging, intelligent packaging, and modified atmosphere packaging is projected to support the growth of the next generation packaging market. Furthermore, the growing need for traceability, product shelf life extension, and product quality information is further anticipated to propel the growth of the next-generation packaging market over the forecast period.

North America is expected to gain significant growth over the forecast timeframe and this is attributed to the continuous launch of innovative products in the region. For instance, in November 2020, Argha Films Announces U.S. Launch of BOPP Film at PACK EXPO 2020. Arlene, a biaxially oriented polypropylene film, has been used by flexible packaging manufacturers in 60+ countries worldwide for nearly 4 decades.

Key Developments:

In August 2020, Avery Dennison Label and Packaging Materials have launched Global MDO Next Generation, a semi-squeeze film that offers enhanced clarity, conformability, and sustainability.

In August 2020, Syntegon has introduced its next generation of heat sealing flow wrappers called Pack 202 to the North American market. The new machine is a fully automated horizontal flow wrapping machine for low to medium speeds.

In August 2020, Ranpak Holdings Corp. a global provider of environmentally sustainable, paper-based packaging solutions for e-commerce and industrial supply chains, today announced the North American launch of the next generation of its AccuFill® automation technology.

In September 2019, Sonoco the sustainable, diversified global packaging company announced the creation of its new EnviroSense™ sustainable packaging initiative.

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

Primary Research (Trade Surveys and Experts Interviews)
Desk Research
Proprietor Data Analytics Model

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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