Active Packaging Market - Enabling Food Safety and Quality Smarter Packaging, Fresher Products

Active Packaging Market to reach over USD 58.81 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Active Packaging Market Size, Share & Trends Analysis Report by Type (Oxygen Scavenger, Shelf-Life Sensing, Time Temperature Indicator, Moisture Absorber) And Application (Food And Beverage, Healthcare, Pharmaceutical, Personal Care)- Market Outlook And Industry Analysis 2031"

The global active packaging market is estimated to reach over USD 58.81 billion by 2031, exhibiting a CAGR of 10.04% during the forecast period.

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Active Packaging Systems: A Booming Market for Protecting and Monitoring Products
Active packaging systems are revolutionizing the way we store and transport goods. This report explores the key drivers and potential challenges shaping the market's growth.

The Rise of Active Packaging:
• Preservation and Monitoring: Active packaging goes beyond traditional packaging by incorporating additives to maintain product quality and shelf life. Additionally, intelligent packaging technologies monitor food quality during transportation and storage, providing valuable insights for consumers and retailers.

• Market Growth Drivers: The expansion of the packaged food industry and the growing adoption of active packaging in convenience stores are two major factors propelling the market forward.

Challenges and Opportunities:
• Regulatory Hurdles: Stringent government regulations on plastic packaging pose a challenge to the industry. Manufacturers need to adapt by developing sustainable and eco-friendly active packaging solutions.

• Healthcare Applications: The increasing demand for over-the-counter (OTC) drugs and the rising prevalence of chronic diseases are driving growth in the active packaging market for the healthcare sector. However, stringent regulations on pharmaceutical packaging contribute to higher costs for these solutions.

A Look Ahead:
The active packaging market is expected to flourish in the coming years due to several key trends:
• Complex Products & Remote Distribution: The growing demand for transporting and storing increasingly complex products, especially to remote locations, necessitates advanced packaging solutions that maintain product integrity.

• Convenience Food Popularity: The rising popularity of pre-packaged and ready-to-eat meals creates a significant demand for active packaging to ensure food safety and extend shelf life.

• Beverage Industry Growth: The market is expected to benefit from the booming beverage industry, with applications in bottled water and flexible pouches.

Conclusion:
The evolution of packaging extends beyond mere containment. Active packaging systems offer a new paradigm for product protection, monitoring, and ensuring quality throughout the supply chain. As the market addresses regulatory hurdles and embraces sustainable practices, active packaging is poised to play a key role in the future of food, healthcare, and various other industries.

List of Prominent Players in the Active Packaging Market:

• Ampacet Corporation
• Aptar Group Inc
• Avery Dennison
• BASF SE
• 3M (U.S.)
• Accutech Packaging
• AIMPLAS Inc (Spain)
• Amcor Ltd.
• Amelco Desiccants Inc
• American Thermal Instruments
• Amerplast Ltd
• Dessicare Inc.
• DuPont
• Emerson Electric Co.
• Graham Packaging Company (U.S.)
• International Paper
• MicrobeGuard Corporation
• R. Grace and Company
• R.R. Donnelly & Sons (RRD) Company
• Sealed Air Corporation
• Smartglyph Ltd
• Smartrac N.V.
• Stora Enso
• Temptime Corporation
• Thin Film Electronics ASA

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Market Dynamics:
Drivers-
The global market for active packaging has revealed fresh development prospects. Food packaging design is necessary due to consumers' rising desire for ready-to-eat foods. Furthermore, eateries are aware of how fervently consumers feel about food packaging. Growing consumer awareness of the components in food is expected to impact the global active packaging industry. This has also created opportunities for more premium, healthful cuisine with reduced fat and osmotic pressure.

Additionally, it is projected that continued product innovation by domestic and international companies across all geographies will fuel the market for active packaging. Following the easing of the lockdown restrictions put in place during the COVID outbreak, there is now an unprecedented degree of demand across online food delivery channels.

Challenges:
The need for packaging is also being stifled by some laws, including the Federal Trade Commission's (FTC) 16 CFR Section 260, which promotes green packaging, and the European Union's Packaging and Packaging Waste Directive (94/62/EC). These elements are preventing further market expansion. Insulated packaging is frequently made from basic materials such as polystyrene,

EPS Styrofoam, polyethylene, and polyurethane, which are downstream crude oil products. Crude oil price changes impact the price of packaging raw materials, which is anticipated to be a significant problem for the market's manufacturers throughout the forecast period.

Regional Trends:
The North America active packaging market is expected to register a major market share in revenue the focus on product innovation is still strong in the North American active packaging sector. Businesses are encouraged to enter the industry by the swift shift from conventional to intelligent wrapping techniques. This forces established businesses to offer reasonable and efficient bundling alternatives to maintain their position as leaders in the regional market.

Besides, Europe had a substantial share of the market. The market benefits from the government's rigorous regulations requiring correct labeling of all medications to prevent drug fraud in the pharmaceutical sector. The massive increase in food demand brought on by the expanding population will significantly affect the active packaging industry.

Recent Developments:
• In May 2022, Avery Dennison and Wiliot, a provider of digital ID technologies, announced a strategic partnership to scale the Internet of Things through the integration of atma.io and the creation, design, and manufacturing of Wiliot tags, which will help the IoT become intelligent and completely interconnected.

• In April 2022-Amcor PLC invested in upgrading the medical packaging factory in Sligo, Ireland's thermoforming capabilities. The multi-million dollar investment would help Amcor's sterile packaging division grow while providing customers in Europe and North America with another location with all-inclusive healthcare offerings.

Segmentation of Active Packaging Market-
By Type:
• Oxygen Scavenger
• Shelf-life sensing
• Time Temperature Indicator
• Moisture Absorber
• Others

By Application:
• Food and Beverage
• Healthcare
• Pharmaceutical
• Personal Care
• Others

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.