Global Active And Intelligent Packaging Overview
Active and Intelligent Packaging Market was valued at US$ 24.5 Billion in 2024 and is projected to grow at a CAGR of 11.00% to reach US$ 63.6 Billion by 2034.
Active and intelligent packaging is nothing but a new and exciting area of technology. In the active packaging subsidiary constituents are deliberately included in or on the packaging material in order to enhance the performance of the package system and the intelligent packaging contains external or internal indicator to provide information regarding the important parameters aspects of the package such as its history, quality etc.
Global Active And Intelligent Packaging Drivers & Restraints
Growing demand for the fresh and quality packaged food among the individuals across the globe is major factor driving growth of the global market. In addition, increasing concerns of the product manufacturers for the longer shelf life of the food, coupled with rise in the demand for sustainable packaging across the globe are fueling growth of the global active and intelligent packaging market. However, increased testing costs, along with awareness regarding harmful effects of the packaging materials on human body are factor hampering growth of the global market. However, regulatory challenges by the regulatory bodies across the globe could restrain growth of the target market in the near future.
The global active and intelligent packaging market is segmented based on type, end use vertical, and by region. On the basis of product type, the global active and intelligent packaging market is classified into active and intelligent. Based on end use vertical, the global market is bifurcated into food, beverage, healthcare, and personal care. On the basis of region, the global active and intelligent packaging market is categorized into North America, Europe, Asian Pacific, Latin America, and Middle East & Africa.
North America market dominates the global market in terms of revenue over the forecast period. This can be attributed to the high rate of adoption of active and intelligent packaging in the countries of this region especially in the U.S. This can be attributed to the population growth in the country owing to the work related migrations. This grown population has directly impacted on the food sector in positive way and has created huge demand for these packaging in the countries if this region.
Global Active And Intelligent Packaging Competitive Landscape & Key Players
The key players operating the global active and intelligent packaging market involves BASF SE, Amcor Ltd, Honeywell International Inc., Landec Corporation, Crown Holdings Inc., Ball Corporation, Sonoco Products Company, Graphic Packaging International LLC, Timestrip UK Ltd, and Coveris Holdings SA. Key players operating in to the target market are focusing on the capacity expansion for the growth in the target market. For instance, in 2017, Amcor; global packaging leader has opened a new home-care packaging site in the India.
Global Active And Intelligent Packaging Company Profile
- BASF SE*
- Amcor Ltd
- Honeywell International Inc.
- Landec Corporation
- Crown Holdings Inc.
- Ball Corporation
- Sonoco Products Company
- Graphic Packaging International LLC
- Timestrip UK Ltd
- Coveris Holdings SA
FAQs
The active and intelligent packaging market report is segmented into type, end use vertical, and by region.
Market growth is propelled by factors such as the demand for real-time product information, increasing consumer awareness of food safety, and advancements in smart packaging technologies.
Global challenges may include concerns about the environmental impact of smart packaging materials, high implementation costs, and the need for standardized regulations.
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is anticipated to dominate the Active and Intelligent Packaging Market witnessing a significantly high revenue share over the forecast period.
The key players operating the global active and intelligent packaging market involves BASF SE, Amcor Ltd, Honeywell International Inc., Landec Corporation, Crown Holdings Inc., Ball Corporation, Sonoco Products Company, Graphic Packaging International LLC, Timestrip UK Ltd, and Coveris Holdings SA.