Report Description
A recent market intelligence report that is published by Data Insights Partner on Active, Smart, and Intelligent Packaging Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Active, Smart, and Intelligent Packaging Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Active, Smart, and Intelligent Packaging Market is offered.
Market Insights:
In accordance with the report, the Active, Smart, and Intelligent Packaging Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Active, Smart, and Intelligent Packaging Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. Increased demand for ready-to-eat, frozen, and packaged foods has stemmed from a growing urban population and changing lifestyles. As a result of expanding global trade practises, there is a greater demand for specialised packaging for exotic fruits and vegetables, meat, and frozen products in many countries. Product demand is predicted to be fueled by the shift in trend from traditional to advanced packaging systems, which deal with both internal and external aspects of product protection. The demand for intelligent systems has grown as the number of convenience stores and technologically enhanced points of sale has expanded. The global active, smart, and intelligent packaging systems market is anticipated to be driven by reduced tracking time and efficient product monitoring in coming years. To combat the rising number of counterfeits, manufacturers of active and intelligent packaging goods are replacing conventional labels with active and intelligent packaging condition monitoring sensors. This factor is expected to pull the market demand during the forecast period. The ongoing research and development for the acceptance of active packaging to minimise preservatives in products and extend shelf life is predicted to raise active packaging demand from key cosmetics and personal care businesses. As a result of expanding customer preferences for new packaging solutions that offer improved handling convenience and increased protection of the contents, notably food products, the Japan active, smart, and intelligent packaging market is becoming characterised by rapid advancements. Due to growing disposable income and changing lifestyles in China and India, Asia Pacific is likely to rise at a rapid pace. Packaged food demand is predicted to rise in the region as a result of rising food demand due to the region’s growing population. The primary trend identified among the players operating in the worldwide active, smart, and intelligent packaging market is new product development. Various players have entered the market as a result of the rapid move from traditional to intelligent wrapping technologies. One of the leader in consumer dispensing, active packaging, and medicine delivery systems, announced the acquisition of FusionPKG in February 2020. FusionPKG is a pioneer in the development of high-end, prestige airless, and colour cosmetics packaging. Aptar’s Beauty + Home segment margins will grow as a result of this transaction. Aptar purchased a 49 percent equity stake in three BTY businesses, a leading Chinese colour cosmetics packaging company, in 2019. Aptar will gain complementary and unique capabilities as a result of this strategic investment.
Research Methodology:
To compile the detailed study of the global Active, Smart, and Intelligent Packaging Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Active, Smart, and Intelligent Packaging Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Active, Smart, and Intelligent Packaging Market.
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COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Active, Smart, and Intelligent Packaging Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segment Covered:
Active, Smart, and Intelligent Packaging Market report has been segmented By Technology, By Applications also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Key Segments:
Active, Smart, and Intelligent Packaging Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:
Active, Smart, and Intelligent Packaging Market, By Technology, 2022-2031 (USD Million)
Active Packaging
o O2 Scavenging Sachets
o MAP
Smart & Intelligent Packaging
o TTI Labels
o Freshness Indicators
o RFID Tags
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Active, Smart, and Intelligent Packaging Market, By Applications, 2022-2031 (USD Million)
Food & Beverage
o Meat, Poultry & Seafood
o Fruits & Vegetables
o Dairy Products
o Bakery & Confectionary
o Processed Food
o Others
Pharmaceuticals
Cosmetics
Others
Report Highlights:
The prime objective of the Active, Smart, and Intelligent Packaging Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report’s production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.
Active, Smart, and Intelligent Packaging Market, By Region, 2022-2031 (USD Million)
North America ( United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
South Asia ( India, Pakistan and Bangladesh)
East Asia (China, Japan and South Korea)
South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
Oceania (Australia and New Zealand)
Companies Profiled:
To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Active, Smart, and Intelligent Packaging Market:
Multisorb Technologies
Sealed Air Corporation
Ball Corporation
Amcor limited
Timestrip PLC
Sysco Corporation
Paksense Incorporated
Eastman Chemical Company
M&G USA Corporation
Others
Active, Smart, and Intelligent Packaging Market Report Highlights:
Detailed analysis of the parent market
Key players’ strategies and products supplied in the competitive landscape
Market segmentation in depth analysis
Market size in terms of volume and value, past, present, and future scenario
Potential and specialty areas, as well as geographical regions with promising growth prospects
Market players use this information to maintain and expand their market presence, thus it’s important to have an unbiased perspective on market performance.
Recent advancements and technological trends in the industry
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