Pune, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The Active & Intelligent Packaging Market, as indicated in the SNS Insider report, was valued at USD 25.3 billion. It is anticipated to achieve a market size of USD 50.04 billion by 2030, demonstrating a compound annual growth rate of 8.9% during the forecast period spanning from 2023 to 2030.
Market Overview
Active packaging refers to a category of packaging systems designed to extend the shelf life and maintain the quality of products by interacting with the internal atmosphere. These packages actively release or absorb substances to create a controlled environment, inhibiting the growth of microorganisms, oxidation, and moisture levels. On the other hand, intelligent packaging involves the incorporation of smart technologies to provide real-time information about the condition of the packaged product. This includes features such as temperature monitoring, freshness indicators, and RFID (Radio-Frequency Identification) tags for tracking and traceability. Intelligent packaging not only ensures product integrity but also offers a higher level of consumer engagement and transparency.
Download E-PDF Brochure: https://www.snsinsider.com/sample-request/3214
Market Analysis
With a growing awareness of health and sustainability, consumers are actively seeking products with extended shelf life and transparent sourcing information, driving the demand for active and intelligent packaging. Evolving regulations and standards in the food and pharmaceutical industries are pushing companies to adopt advanced packaging solutions to meet compliance and ensure product safety. Ongoing innovations in materials science, nanotechnology, and sensor technologies are constantly improving the capabilities of active and intelligent packaging, attracting investments and driving active & intelligent packaging market growth. The surge in online shopping has amplified the need for packaging solutions that offer both product protection and a seamless consumer experience, spurring the adoption of intelligent packaging solutions.
Active & Intelligent Packaging Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | USD 25.3 billion |
| Market Size by 2030 | USD 50.04 billion |
| CAGR | CAGR of 8.9% by 2023-2030 |
| Market Opportunity |
|
| Market Segments |
|
| Major Market Players | Amcor PLC, Mitsubishi Gas Chemical Co, Crown Holdings Inc, 3M Company, Constar International Inc, Ball Corporation, Coveris Holdings SA, LCR Hall Crest LLC, Sealed Air Corporation, Varcode Ltd and other key players. |
Key Takeaway from Active & Intelligent Packaging Market Study
- The oxygen scavenger segment stands out as a key driver in the market. Oxygen, a critical factor influencing the degradation of various products, is effectively managed through advanced scavenging technologies. This segment is witnessing substantial traction across diverse industries such as food and beverages, pharmaceuticals, and healthcare.
- The pharmaceutical segment is asserting its dominance in the active & intelligent packaging market. With the pharmaceutical industry facing stringent regulations and the need for enhanced safety measures, intelligent packaging solutions have become imperative.
Ask For Customized Report As Per Your Business Requirement: https://www.snsinsider.com/enquiry/3214
Recent Developments
- PolyTaksys, a pioneering player in the realm of innovative technologies, has recently revealed its groundbreaking smart label as part of a strategic initiative to combat food loss. This cutting-edge solution aims to revolutionize the way we approach food preservation and supply chain management.
- ProAmpac, a prominent player in the packaging industry, has recently announced a strategic partnership agreement with Clemson University to delve into the realm of smart packaging. This collaboration signals a significant step forward in the integration of advanced technologies into traditional packaging solutions.
Market Dynamics Analysis
The active & intelligent packaging market is currently undergoing dynamic shifts driven by a confluence of factors. One of the primary drivers propelling the market forward is the increasing consumer demand for enhanced product safety and quality. Active packaging, with its ability to interact with the packaged product and extend shelf life, has gained traction as a solution to reduce food waste and maintain freshness. Additionally, the rising awareness of environmental issues has led to a surge in demand for sustainable packaging solutions, prompting the integration of intelligent packaging technologies that enable real-time monitoring and traceability throughout the supply chain. However, this market expansion is not without its challenges. Regulatory constraints and compliance issues pose significant hurdles, as the industry must navigate a complex landscape of standards and guidelines. Furthermore, the initial high costs associated with implementing active and intelligent packaging technologies act as a restraint, particularly for smaller players in the market. The threat of technological obsolescence also looms, necessitating continuous innovation to stay ahead in this rapidly evolving landscape. Striking a balance between meeting regulatory requirements, cost-effectiveness, and technological advancements will be crucial for stakeholders in the market to thrive amidst these dynamic dynamics.
Key Regional Developments
The North American region stands out as a pioneer in embracing and driving innovations within the active & intelligent packaging market. The presence of key players and a robust technological infrastructure have propelled the development of smart packaging solutions. Europe, with its strong commitment to sustainability, has been a frontrunner in incorporating environmentally friendly materials in packaging. The market in Europe is witnessing a surge in demand for solutions that not only ensure product integrity but also adhere to stringent environmental regulations. The Asia-Pacific region is experiencing rapid growth in the market, driven by factors such as urbanization, increasing disposable income, and a burgeoning e-commerce sector.
Impact of Recession
One of the primary challenges faced by the active & intelligent packaging market during a recession is the decline in consumer spending. As disposable incomes shrink, consumers may opt for more cost-effective products, impacting the demand for premium packaging solutions. Companies operating in the active and intelligent packaging sector are adopting cost optimization strategies to navigate the economic challenges posed by the recession. This includes streamlining production processes, renegotiating supplier contracts, and exploring more cost-effective materials without compromising on the quality and functionality of the packaging.
Buy This Exclusive Report: https://www.snsinsider.com/checkout/3214
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 Forces Model
7. PEST Analysis
8. Active & Intelligent Packaging Market, By Material
8.1 Plastic
8.2 Glass
8.3 Metal
8.4 Paper
8.5 Wood
9. Active & Intelligent Packaging Market By Technology
9.1 Oxygen Scavenger
9.2 Shelf-Life Sensing
9.3 Time Temperature Indicator
9.4 Moisture Absorber
9.5 Others
10. Active & Intelligent Packaging Market, By Application
10.1 Food & Beverage
10.2 Pharmaceutical
10.3 Healthcare
10.4 Personal Care
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.5 USA
11.2.6 Canada
11.2.7 Mexico
11.3 Europe
11.3.1 Eastern Europe
11.3.1.5 Poland
11.3.1.6 Romania
11.3.1.7 Turkey
11.3.1.8 Rest of Eastern Europe
11.3.2 Western Europe
11.3.2.4 Germany
11.3.2.5 France
11.3.2.6 UK
11.3.2.7 Italy
11.3.2.8 Spain
11.3.2.9 Netherlands
11.3.2.10 Switzerland
11.3.2.11 Austria
11.3.2.12 Rest of Western Europe
11.4 Asia-Pacific
11.4.5 China
11.4.6 India
11.4.7 Japan
11.4.8 South Korea
11.4.9 Vietnam
11.4.10 Singapore
11.4.11 Australia
11.4.12 Rest of Asia-Pacific
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.5 UAE
11.5.1.6 Egypt
11.5.1.7 Saudi Arabia
11.5.1.8 Qatar
11.5.1.9 Rest of Middle East
11.5.2 Africa
11.5.2.5 Nigeria
11.5.2.6 South Africa
11.5.2.7 Rest of Africa
11.6 Latin America
11.6.5 Brazil
11.6.6 Argentina
11.6.7 Colombia
11.6.8 Rest of Latin America
12 Company Profile
12.1 Amcor PLC
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Crown Holdings Inc
12.3 Mitsubishi Gas Chemical Co
12.4 Constar International Inc
12.5 Ball Corporation
12.6 3M Company
12.7 Coveris Holdings SA
12.8 Sealed Air Corporation
12.9 LCR Hall Crest LLC
12.10 Varcode Ltd
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
Read Full Research Report: https://www.snsinsider.com/reports/active-and-intelligent-packaging-market-3214
About SNS Insider
At SNS Insider, we believe that businesses should have access to the best market intelligence and insights, regardless of their size or industry. That's why we offer a range of solutions tailored to meet the unique needs of each client, from startups to big corporations. With a passion for our work and an unwavering commitment to delivering value, we are dedicated to helping our clients achieve their full potential.
