Active and Intelligent Packaging Market 2022 Business Scenario- Amcor Ltd, Avery Dennison, Ball Corporation, Coveris Holdings SA, Crown Holdings Inc.

The Active and Intelligent Packaging Market provides a unique tool for evaluating the market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Active and Intelligent Packaging Market forecast 2026.               

The active and intelligent packaging market was valued at USD 17.5 billion in 2020. It is expected to reach a value of USD 25.16 billion by 2026, registering a CAGR of 6.78% during the forecast period 2021-2026.

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The Active and Intelligent Packaging market is highly competitive and consists of a number of major players. Companies like Amcor Ltd, Avery Dennison, Ball Corporation, Coveris Holdings SA, Crown Holdings Inc., Dessicare Inc., Graphic Packaging International LLC, Landec Corporation, Sealed Air Corp, Timestrip UK Ltd, WestRock Company Amongst Others.

Key Developments:

- February 2020 - Just months after signing a deal to acquire Smartracs transponder division, the company announced today the location of its next RFID (Radio Frequency Identification) manufacturing facility, first in Brazil and fifth in the world. The new factory will be located in Vinhedo (SP), opening in 2021. Avery Dennison partners with Impinj and NXP to develop world-class RFID tags and incorporates the latest chip technology into its packaging solutions.
- October 2019 - Amcor Capsules and integrated solutions provider Toppan Printing have teamed up for a new NFC-enabled anti-counterfeiting system for wine and spirits. The new InTact capsule incorporates an NFC tag that detects opening or tampering, to prevent grey-market diversion and fraudulent refilling. The tag is discreetly integrated on the inside of the capsule, which allows alcoholic beverage manufacturers to adopt it without having to make drastic changes to filling and packaging processes.

Key Market Trends:

Food to Account Significant Share
- Every year, approximately one-third of the food the humans produce globally is wasted. According to the UN' Food and Agriculture Organisation, people throw away more than 1.3 billion tonnes of food intended for human consumption every 365 days. That represents more than USD 900 billion in losses and is more than twice in developed countries compared to developing nations. Reportedly, almost every year, consumers in rich countries waste almost as much food (222 million tonnes) as the entire net food production of sub-Saharan Africa (230 million tonnes). All these instances provide the reason for the continual development of smart and intelligent packaging in the food industry to keep its freshness intact.
- In April 2020, Jet Technologies, based in New South Wales Australia, has launched a new anti-microbial protective film that can be used for various print and packaging applications, including indirect contact food packaging. The film is active for ten years, regardless of how many people come into contact with the product. The evolution of intelligent packaging systems, through the use of sensor technologies, indicators (including freshness, integrity, and time-temperature indicators, TTI), and radio frequency identification (RFID), has been assessed for the potential use in meat and meat products as well.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools:  Active and Intelligent Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Frequently asked questions by our customers:

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Finally, Active and Intelligent Packaging Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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