WASHINGTON, Jan. 26, 2022 (GLOBE NEWSWIRE) -- The Global Active, Smart, and Intelligent Packaging Market size is expected to reach over USD 29.45 Billion by 2028, exhibiting a CAGR of 6.2% during the forecast period.
Increasing Demand for Intelligent Packaging to reduce Food Wastage is stimulating the use of these packaging products which fuels the market growth. Costs related with R&D activities is hampering the growth of the market. Recent New Product Launches and Innovations is creating an opportunity for the Active, Smart, and Intelligent market. Easy availability of substitute products is posing a challenge for the Active, Smart and Intelligent Packaging market globally, states Vantage Market Research, in a report, titled “Active, Smart and Intelligent Packaging Market by Active packaging type (Gas scavengers/emitters, Moisture scavengers, Microwave susceptors, Other active packaging technologies), by End-user (Food and beverage, Pharmaceuticals, Industrial, Logistics), by Regions (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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List of Prominent Players in the Active, Smart, and Intelligent Packaging Market:
Sealed Air Corporation (U.S.)
Multisorb Technologies (U.S.)
Ball Corporation (U.S.)
Amcor limited (Australia)
Sysco Corporation (U.S.)
Timestrip PLC (U.K.)
Paksense Incorporated (U.S.)
M&G USA Corporation
Eastman Chemical Company
Driver: Research and Development Activities is Expected to Provide Growth
Ongoing R&D for the acknowledgment of active packaging to minimize preservatives in items and grow shelf life is likely to boost the active packaging demand from key market players of personal care and cosmetics.
Consumer counterfeiting and interaction are likely to be major concerning determinants in the active, smart and intelligent packaging market in personal care and cosmetics. Implementation of smart labels and codes is increasing for enhancing the interaction between brands and consumers with the help of IoT technologies. In the active, smart and intelligent packaging market globally for personal care and cosmetics, authenticity is likely to witness high demand.
Opportunity: Opportunities in F&B Sector
Food and beverages sector has unravelled new growth opportunities within the active and smart intelligent packaging market globally. The demand for packaging food products has stemmed out of the increasing inclination of the people towards ready to eat food products. Besides this, restaurants have also become aware about how consumers are passionate about food packaging. After easing of lockdown restrictions which were imposed at the outbreak of COVID, volume of demand seen across online channels for food delivery has skyrocketed. This determinant, coupled with packaging engineering advancements, has enabled the fresh revenues inflow into the active and smart intelligent packaging market globally.
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Asia Pacific is likely to witness substantial growth. AIPIA China Summit, held in July 2019, indexed the advantages of intelligent and active packaging technologies for several manufacturing sectors in China. The program has been formed to explain China's demand for smart packaging and about how different and new technologies can be adapted to the packaging sector to offer real value. In India, around 40% of foodstuffs is going to before reaching the market. Most of it traps moisture, and causes the food to rapidly deteriorate, which requires intelligent and active use packaging.
Feb, 2020: After signing a deal to acquire Smartrac’s transponder division, Avery Dennison announced the location of its next RFID (Radio Frequency Identification) manufacturing facility, first in Brazil and fifth in the world. The new factory will be located in Vinhedo (SP). Avery Dennison partners with Impinj and NXP to develop world-class RFID tags and incorporates the latest chip technology into its packaging solutions.
Oct, 2019: Amcor Capsules and integrated solutions provider Toppan Printing have teamed up for a new NFC-enabled anti-counterfeiting system for wine and spirits. The new InTact capsule incorporates an NFC tag that detects opening or tampering, to prevent grey-market diversion and fraudulent refilling. The tag is discreetly integrated on the inside of the capsule, which allows alcoholic beverage manufacturers to adopt it without having to make drastic changes to filling and packaging processes.
June, 2018: Tyco Retail Solutions launched new Sensormatic Health, Beauty and Cosmetic Labels, offering an anti-theft function for cosmetic products, owing to size and shape constraints.
Jan, 2018: La Roche Posay’s My UV Patch by L’Oreal, started using Near-field communication (NFC), and augmented reality technology, supported by a custom mobile app, to deliver a personalized consumer experience, which specifically caters to current consumers’ lifestyles and behavioral trends.
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The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Active, Smart, and Intelligent Packaging Market. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
Impact Assessment of COVID-19 Pandemic
Middle East & Africa
Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
Key Strategies Undertaken by Companies to Tackle COVID-19
Long Term Dynamics
Short Term Dynamics
The report on Active, Smart, and Intelligent Packaging Market highlights:
Assessment of the market
COVID Impact Analysis
Historic Data, Estimates and Forecast
Global and Regional Dynamics
Browse market data Tables and Figures spread through 170 Pages and in-depth TOC on "Active, Smart and Intelligent Packaging Market by Active packaging type (Gas scavengers/emitters, Moisture scavengers, Microwave susceptors, Other active packaging technologies), by End-user (Food and beverage, Pharmaceuticals, Industrial, Logistics), by Regions (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/active-smart-and-intelligent-packaging-market-904254
Key questions answered in the report:
Which regional market will show the highest and rapid growth?
Which are the top five players of the Active, Smart, and Intelligent Packaging Market?
How will the Active, Smart, and Intelligent Packaging Market change in the upcoming six years?
Which application and product will take a lion’s share of the Active, Smart, and Intelligent Packaging Market?
What is the Active, Smart, and Intelligent Packaging market drivers and restrictions?
What will be the CAGR and size of the Active, Smart, and Intelligent Packaging Market throughout the forecast period?
This market titled “Active, Smart, and Intelligent Packaging Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size in 2021
USD 19.33 Billion
Projected Market Size in 2028
USD 29.45 Billion
CAGR Growth Rate
CAGR of 6.2% from 2022–2028
2016 – 2020
2022 – 2028
Active packaging type: - Gas scavengers/emitters, Moisture scavengers, Microwave susceptors, Other active packaging technologies
Quantitative Data - Units
Revenue in USD Million/Billion and CAGR from 2022 to 2028
North America, Europe, Asia Pacific, Latin America,
U.S., Canada, Mexico, U.K., Germany, France, Italy,
Market growth drivers, restraints, opportunities, Porter’s
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