Press release
Next Generation Packaging Market expected to reach US$ 5.57 Mn & 6.5% CAGR through 2021-2025
Next Generation Packaging Market
The global next generation packaging market is anticipated to grow significantly during the forecast period owing mainly to increasing ageing population, advancements in packaging material and rising need for a sustainable packaging technique.
Moreover, the trend that follows with the growth of the next generation packaging market includes increasing research and development spending on packaging technology, growing adoption of QR codes on packaging and development of advanced sensors.
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Active Packaging Segment to Gain Traction through 2025
The active packaging segment has further sub-segmented into gas scavengers, antimicrobial, gas emitters, and ‘others’.
Among these, gas scavengers is the largest segment, accounting for US$ 5.57 Mn in 2015; FMI forecasts it to expand at 6.5% CAGR during the forecast period 2015-2025 to reach a valuation of US$ 10.46 Bn by 2025. In terms of highest growth, antimicrobials is forecasted to expand at 6.96% CAGR through 2025.
Oxygen scavengers extend the product life by removing leftover oxygen from closed packets. Due to this, gas scavengers is widely used in the next generation packaging industry.
Growing demand for active packaging for automated packaging lines, sacks, bags, and quad packs in industrial packaging is fuelling the demand for active packaging.
The key restraints for adoption of active packaging are limited commercial applications of antimicrobial packaging and low awareness about the benefits of active packaging in developing countries.
Browse Full “Next Generation Packaging Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025” Market Research Report at @ https://www.futuremarketinsights.com/reports/next-generation-packaging-technology-market/table-of-content
Use of RFID Tags a Key Trend in Intelligent Packaging
The intelligent packaging segment is expected to expand at a high single-digit CAGR during the forecast period 2015-2025. FMI has segmented the intelligent packaging segment into indicators, tags, and sensors.
Among these, indicators account for the largest market value share currently; FMI expects indicators to remain the largest sub-segment during the forecast period 2015-2025. The sensors sub-segment is expected to expand at the highest CAGR through 2025.
Adoption of RFID technology is a growing trend in the intelligent packaging sector. The adoption of ‘track and trace feature’ of RFID tags is growing in end use applications, such as food and beverages, pharmaceuticals, transportation, logistics, and packaging. Furthermore, key players in the intelligent packaging market are focusing on R&D to offer innovative solutions to end users.
Modified atmosphere packaging is expected to witness sluggish growth during the forecast period, owing to widespread adoption of active packaging and intelligent packaging.
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Key Segments Covered
By Packaging Type
Active Packaging
Antimicrobials
Gas Scavengers
Gas Emitters
Others (Moisture & Corrosion Control)
Intelligent Packaging
Sensors
Indicators
Tags
Modified Atmosphere Packaging
By Application
Food & Beverages
Healthcare & Pharmaceuticals
Personal Care
Logistics & Supply Chain
Others (Automotive & Industrial)
Key Regions/Countries Covered
North America
Latin America
Western Europe
Eastern Europe
Asia-Pacific Excluding Japan (APEJ)
Middle East & Africa
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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