08-Dec-2020 | Zion Market Research
According to Zion Market Research, the global active, smart, and intelligent packaging market size for personal care and cosmetics was capitalized at US$ 146 million in 2018 and is estimated to progress at a CAGR of 7.4% in the forecasted period. The active, smart and intelligent packaging is chiefly utilized by the producers for retaining the freshness and nutritional value of the product. Analysts predict the worldwide trade for this market would be driven by advanced and sophisticated transport services that are obtainable. The requirement for active, smart and intelligent packaging is greater in the food & beverages, consumer goods, and pharmaceutical industry. The retail business is developing at a higher growth pace and requires attractive & smart packaging.
Some of the key players in the market are Sealed Air Corporation, Multisorb Technologies, Amcor Limited, Ball Corporation, Sysco Corporation, Timestrip PLC, Eastman Chemical Company, Paksense Incorporated, and M&G USA Corporation. These contenders have released innovative products in active and intelligent packaging technology as a key part of their most important strategy.
Urbanization To Stimulate Growth Across The Global Active, Smart And Intelligent Packaging Market
Due to mounting global population trends & urban lifestyle, the demand for frozen, packaged, and instant food has witnessed a major surge in demand recently. With the availability of exotic fruits & vegetables, frozen foods, and meat products transcending geological boundaries, the packaging industry is focusing on the expansion of solutions that offer maximum food security whilst upholding nutritional value at spirited prices. The food & beverage packaging has noticeably shifted from conventional to advanced packaging. The conventional packaging only addresses problems related to safeguarding from external factors. Nevertheless, advanced packaging networks externally (intelligent packaging) and internally (active packaging) with the environment and improve the illustrative appeal of the products.
The global active, smart and intelligent packaging market is bifurcated based on the packaging type, application, and geographical analysis. Based on the packaging type, the market is divided into active packaging, MAP, O2 scavenging sachet, smart & intelligent packaging, freshness indicators, TTI labels, and RFID tags. Based on the applications, the market is divided into pharmaceuticals, food & beverage, cosmetics, and others.
North America Region To Record Massive Growth In The Global Active And Smart Intelligent Packaging Market
Based on the geographical analysis, the global active and smart intelligent packaging market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is the chief market for active and smart packaging technology owing to surging health awareness amongst the customers. Thus, it grips the biggest share (about 35.1%) of the worldwide active and smart packaging market. Europe is the second biggest market for active and smart packaging technology owing to stringent policies and amplified demand for sustainable packaging.
Browse the full “Global Active, Smart, and Intelligent Packaging Market by Packaging Type (Active Packaging and Smart & Intelligent Packaging) Application (Food & Beverages, Pharmaceuticals, Cosmetics, and Others) and Region– Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/active-smart-and-intelligent-packaging-market
The global active and smart intelligent packaging market is segmented as follows:
Based on the packaging type:
Based on the applications:
Based on the region:
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