Global active and intelligent packaging market to grow at a CAGR of 8.44% forecast 2017–2022

Summary
Global Active and Intelligent Packaging Market By Technology Type (Sheld Life Sensing, Temperature Indicators, RFID and Others), Application (Frozen Food, Packaged Foods, Dairy Products and Others), Geography, Trends, Forecast (2017-2022)

Description
Global Active and Intelligent Packaging Market is expected to reach a value of USD 25.66 billion by the end of 2022 Global active and intelligent packaging market to grow at a CAGR of 8.44% during the forecast period of 2017 – 2022.
Food packaging has no longer just a passive role in protecting and marketing a food product. New concepts of active and intelligent packaging play an increasingly important role by offering innovative solutions for extension of the shelf-life or to maintain, improve or monitor food quality and safety.
The active and intelligent packaging market is valued at USD 17.11 billion in 2016 and is expected to reach a value of USD 25.66 billion by the end of 2022, growing at a projected CAGR of 8.44% during the forecast period of 2017 – 2022. North America is the leading market for packaging automation
with the United States occupying the lion's share in the region. Asia-Pacific and Latin America regions are the fastest growing regions for active and intelligent packaging market.

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With the escalating levels of population growth, a huge burden is being placed on the food industry. To meet these requirements, an increasing number of countries and enterprises are exporting their food products across the world.
Traditional packaging products cannot meet the requirements of food products such as meat and other frozen foods. Hence, new technologies like the active and intelligent packaging which promote longevity and freshness in the food products are expected to grow significantly.
The research published on active and intelligent packaging covers different technologies such as pure absorbers, oxygen scavengers, moisture/humidity absorbers, odor absorbers/emitters, anti-microbiological packaging and others.

DRIVERS
Changing lifestyle of people, demand for packaging solutions with longer sustainability, demand for fresh and quality food are the major drivers for the growth of this market. Further, increase in counterfeit products in developing countries has also compelled companies to use technologies like RFID during packaging.

Major companies in the market, such as BASF SE,Amcor Limited,Honeywell, Landec Corporation,Bemis Company, Inc.,Crown Holdings,Rexam Plc,Sonoco,Graphic Packaging,Timestrip UK Ltd,VIP Packaging,Intelligent Packaging Solutions Ltd.,Desiccare, Inc., and others, are studied and their current market strategies are also analyzed. Recent developments of these companies in this market and their impact on the market are additionally analyzed.

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Key Deliverables in the Study
1. Market analysis for the global active and intelligent packaging market, with region-specific assessments and competition analysis on a global and regional scale.
2. Market definition along with the identification of key drivers and restraints.
3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
4. Extensively researched competitive landscape section with profiles of major companies along with their market shares
5. Identification and analysis of the macro and micro factors that affect the global Active and Intelligent Packaging market on both global and regional scales
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Major Points Covered in Global Active and Intelligent Packaging Market Report:
• Introduction
• Technology Overview
• Executive Summary
• Market Insights
• Global Active and Intelligent Packaging Market– Segmented by Applications
• Global Active and Intelligent Packaging Market– Segmented by Type
• Global Active and Intelligent Packaging Market– Segmented by Module Technology Type
• Global Active and Intelligent Packaging Market– Segmented by Competitive Intelligence
• Global Active and Intelligent Packaging Market-Segmented by geography
• Key Vendor Profiles – Overview, Financials, Products & Services and Recent Developments
• Investment Analysis
• Future of Active and Intelligent Packaging Market

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