Global Active and Intelligent Packaging Market Overview:
Active packaging employs functionalities such as moisture management and oxygen absorbance to improve the storage of consumer products. Intelligent packaging systems on the other hand ensure that environmental factors like temperature, freshness, and even physical integrity are tracked at all times of the delivery process. Active and intelligent packaging market is expected to rise significantly, owing to increased demand for fresh and long-lasting products, notably in the food and beverage industry. Healthcare industry is also providing significant opportunities for intelligent packaging due to the growing need for safe and trackable solutions for temperature-sensitive and high-value medications. As the expanding working population and their hectic lives drive online shopping, the demand for intelligent packaging that ensures product quality and safety during transportation will likely rise. Furthermore, intelligent packaging creates new channels for customer involvement by delivering individualized information, product usage advice, and interactive experiences via smart labels and mobile applications, opening up tremendous marketing and branding opportunities for companies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Integration of Smart Packaging Technologies, Such As RFID and NFC Tags, For Traceability and Consumer Engagement and Emerging Trend Towards Biodegradable and Compostable Active Packaging Materials
Market Growth Drivers:
Growing Adoption of Active and Intelligent Packaging to Extend the Shelf Life of Perishable Products
Challenges:
Lack of Awareness and Slow Adoption of Intelligent Packaging
Restraints:
High Cost of Active and Intelligent Packaging Compared To Traditional Packaging
Opportunities:
Increasing Adoption of E-Commerce and Online Grocery Shopping Due To Busy Lifestyle of People and Consumer Interest in Interactive and Personalized Packaging Solutions
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Some of the key players profiled in the report are Amcor Limited (Australia), Avery Dennison Corporation (United States), Ball Corporation (United States), 3M Company (United States), Bemis Company, Inc (United States), Coveris Holdings S.A (Austria), Crown Holdings Inc (United States), Mondi Group (United Kingdom), Multisorb Technologies (United States), Smurfit Kappa Group (Ireland), Sonoco Products Company (United States), Stora Enso (Finland), Van de Velde Packaging (Belgium) and WestRock Company (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Active and Intelligent Packaging market by 2030. Considering Market by Technology, the sub-segment i.e. RFID Tags will boost the Active and Intelligent Packaging market. Considering Market by Material Type, the sub-segment i.e. Plastic will boost the Active and Intelligent Packaging market.
What Can be Explored with the Active and Intelligent Packaging Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Active and Intelligent Packaging Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Active and Intelligent Packaging
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Active and Intelligent Packaging market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Active and Intelligent Packaging market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Packaging Material Providers, Packaging Solution Providers, End User Industry, Government Regulatory Bodies, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.