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Active & Intelligent Packaging Market Market Data and In-depth Analysis to 2032 | Top Key Players: Amcor (Australia), BASF SE (Germany), Honeywell International (US)

05-17-2024 08:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Vision

Active & Intelligent Packaging Market

Active & Intelligent Packaging Market

Future Market Consulting Global Market Vision has published a research report on the "Global Active & Intelligent Packaging Market", which provides a comprehensive outline of the factors responsible for the market growth from 2018 to 2032. The Active & Intelligent Packaging Market value is USD XX million in 2023 and is expected to grow to USD XX million by 2032 with a CAGR of XX% during the forecast period.

The active & intelligent packaging market must grow from the need for professional protection to preserve shelf life, along with the advancement of innovation and food quality products at affordable prices. While the packaging is about protecting the product from the material, the smart machine adds additional information to the cover, electronically or non-electrically. Active & intelligent packaging refers to packaging standards used for food, medicine, and various other products. It extends shelf life, maintains freshness, provides quality information, and increases safety and ease of installation. The rising demand for the consumption of fresh food and increased demand for product care boosts the growth of the active & intelligent packaging market. Active packaging refers to the addition of certain additives to the packaging system to preserve the quality and shelf life of a product. Intelligent packaging systems can monitor food packaging and provide quality information about the packaging during transportation and storage. Therefore, using active & intelligent packaging can help extend shelf life, maintain freshness, display quality information, and increase safety and convenience. Active & intelligent packaging is used in food, medicine, and many other products. The high initial cost of the product could hamper the growth of the active & intelligent packaging market. Price is a major factor for consumers, particularly when it comes to necessities like food. Many customers may choose the less expensive choice if a product with active or intelligent packaging is substantially more expensive than a comparable product in traditional packaging. The extended shelf life of the packaging creates a lucrative opportunity for the growth of the active & intelligent packaging market. Perishable goods can be kept from spoiling too soon by using active and intelligent packaging that includes moisture absorbers or oxygen scavengers. This results in fewer sales being lost in stores as a result of spoiling and shrinkage.

Get Sample Copy of Active & Intelligent Packaging Market Research Report at: https://futuremarketconsulting.com/request-sample/53470

By Leading Players of Active & Intelligent Packaging Market:
Amcor Ltd (Australia), BASF SE (Germany), Honeywell International Inc. (US), Landec Corporation (US), Crown Holdings Inc. (US), Ball Corporation (US), Sonoco Products Company (US), Graphic Packaging International LLC (US), Timestrip UK Ltd (UK), Coveris Holdings SA (Austria), Others

Packaging Type is the fastest-growing segment in the active & intelligent packaging market.
The demand for innovative, efficient, and effective packaging solutions across the industry is increasing the demand for flexible and smart packaging. Disinfectants or oxygen are included in the packaging to extend the shelf life of products, especially perishable products. Smart packaging, on the other hand, contains measurements and indicators that provide instant information about products, quality, accuracy, and safety. This technology is important for industries such as food and pharmaceuticals, where innovation and accuracy are important. Additionally, the rise of e-commerce has increased the demand for convenient packaging as it has profound features that reduce transportation costs and environmental impact. In addition, the environmentally conscious consumer segment seeking sustainable packaging options has led the industry to invest in recyclable, biodegradable, and compostable products, further strengthening the demand for new packaging.

North America holds the largest market share in the global active & intelligent packaging market.
The North America region's active and smart packaging industry has grown over the past few years due to strong environmental regulations, increased focus on sustainability, and increasing demand for quality packaging and smart packaging across many end-user segments, particularly food and healthcare. Approximately 133 billion pounds of food, valued at $161 billion, are wasted in the United States each year, according to the Food and Agriculture Organization of the United States. Efforts to reduce food waste are multifaceted and include efforts to distribute food through food banks, education, and outreach, and standardize data signatures on labels.

Global active & intelligent packaging Market Segmentation:
By Packaging Level
Primary Packaging
Secondary Packaging
Tertiary Packaging

By Packaging Type
Flexible Packaging
Rigid Packaging

By Product Type
Food & Beverage
Healthcare Devices
Cosmetics & Personal Care
Consumer Goods
Automotive Units
Manufacturing Goods
Other Industries

By Technology
Indicators Time-Temperature Indicators, Gas & Integrity Indicators, Freshness Indicators)
Sensors (Gas Sensors, Humidity Sensors, Bio-Sensors, Pressure Sensors, Temperature Sensors)
Interactive Packaging (Quick-response (QR Codes), Barcodes, Radio Frequency Identification (RFIDs), Near Field Communications (NFCs), Bluetooth Low Energy (BLE))
Active Packaging (Oxygen Scavengers, Ethylene Absorbers, Moisture Scavengers, Anti-microbial Packaging)
Modified Atmosphere Packaging

By Region included in report:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Recent developments in the active & intelligent packaging market for market expansion.
• In April 2022, Amcor PLC is investing in a new medical packaging facility in Sligo, Ireland. This multi-billion-dollar investment will further strengthen Amcor's growth in the sterile packaging industry and provide healthy service to customers in Europe and North America as well as other food service providers.
• In March 2022, Graphic Packaging expands its premium packaging for the beverage industry. In line with its commitment to sustainable products to support the circular economy, the company has launched EnviroClip, a low-cost cardboard clip for plastic rings and wrapping paper used in beverage cans.
• In May 2022, Avery Dennison announced a partnership with digital technology developer and supplier Wiliot to expand the Internet of Things through joint development; designed and developed the ATM.io and Wiliot brands that will help create a smart and connected Internet of Things.

Buy Exclusive Report @: https://futuremarketconsulting.com/buy-now/53470

If you have any special requirements, please let us know and we will offer you the report at a customized price.

NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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