Active packaging Market Top Players - Avery Dennison, Amcor PLS,, American Thermal Instruments, Temptime Corporation, Smartrac N.V.

"Active packaging Market" in terms of revenue was estimated to be worth $27.35 billion in 2023 and is poised to reach $58.81 billion by 2031, growing at a CAGR of 10.21% from 2023 to 2031, according to a new report by InsightAce Analytic.

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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global active packaging market are:
• Rising demand in the beverage and food sector
• Shifting lifestyles and fast urbanization
• The increasing demand for pre-prepared meals

The following are the primary obstacles to the active packaging market's expansion:
• Growing stringent packaging and food safety standards
• Customers are unaware of active packaging's uses
• High Startup Expenses

Future expansion opportunities for the global active packaging market include:
• Increased focus on the issue of food contamination and safety
• The increasing awareness among consumers for environmentally friendly packaging
• Developments in active packaging technology

Market Analysis:
The increasing demand for fresh, high-quality packaged food, the desire for more convenient packaging options, and manufacturers' concerns about the longevity of their products indicate well the industry growth of the global active packaging market. Furthermore, with the rise of the packaged food business, the increasing use of active packaging by convenience retailers, which in turn fuels the demand for active packaging and rising consumer disposable income, is fueling the packaged goods industry to boost the active packaging market expansion.

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List of Prominent Players in the Active Packaging Market:
• 3M (U.S.)
• Accutech Packaging
• AIMPLAS Inc (Spain)
• Amcor Ltd.
• Amelco Desiccants Inc
• American Thermal Instruments
• Amerplast Ltd
• Ampacet Corporation
• Aptar Group Inc
• Avery Dennison
• BASF SE
• 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

Recent Developments:
• In August 2023, Amcor, a world-renowned authority on sustainable packaging, recently introduced its AmFiber Performance Paper, which is recyclable at the curb, in the North American market.
• In September 2023, Sealed Air will be Sparck Technologies' CVP (3D) Automated Packaging Solutions distributor. Sparck Technologies offers the most advanced 3D automated packaging technologies available today. When it comes to packing, Sealed Air is at the forefront. The collaboration will allow SEE's customers to use state-of-the-art automated packaging equipment, increasing productivity and decreasing accidents on the job.
• In July 2023, Avery Dennison signed a final deal to buy Silver Crystal Group, a sports apparel personalization and application leader, through in-venue, d2b, and e-commerce channels.

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Active Packaging Market Dynamics:
Market Drivers: A Rapidly Growing Urban Population with a Shift in Consumer Preferences
The increasing development in food production is a major significant global market driver. There has been a dramatic increase in the demand for ready-to-eat, packaged, and frozen meals due to the growing number of city dwellers and shifting consumer preferences. Safe and healthful food options, as well as more exotic produce and meat, as well as frozen goods, are in great demand among consumers. This factor propels the expansion of the market because it necessitates active packaging. The market is anticipated to experience a rapid increase due to factors such as evolving packaging patterns, changing lifestyles, and increasing consumer awareness regarding the importance of safe and easy packaging, which are initial factors boosting market expansion.

Challenges: Excessive Startup Expenses
Global market expansion is expected to be hindered by several limiting restraints throughout the forecast period. A major obstacle in the active packaging industry is the comparatively higher costs of implementation when contrasted with more conventional packaging technologies. Production and packaging expenses increase when active packaging methods are used because they incorporate extra components like sensors or active agents. Active packaging solutions can come with additional costs, which can be an obstacle for some firms, especially smaller and medium-sized ones struggling to make ends meet. Furthermore, several industries need to be faster to embrace active packaging due to the high costs associated with the necessary infrastructure, R&D, and specific packaging materials hampering market growth.

North America Is Expected To Grow With The Highest CAGR During The Forecast Period
The North America Active Packaging Market is likely to register a significant revenue share and to develop at a rapid CAGR in the near future. This is due to rising numbers of city dwellers and changes in dietary habits. The global demand for edible frozen products, such as exotic meat, blossoms, and other items, largely propels this region's active packaging industry. Furthermore, the active packaging market forecast indicates that this region's growth will be driven by several factors, including rising disposable income, changing eating habits, urbanization, an increased desire for long-term sustainable packaging solutions, and the popularity of nutritious, high-quality food are the forces driving this regional area forward.

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
• Southeast 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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.