In 2022, the size of the Active & Intelligent Packaging Market share was USD 25.3 billion. It is projected to reach USD 50.04 billion by 2030, with a compound annual growth rate of 8.9% during the forecast period from 2023 to 2030.
The Active Intelligent Packaging Market has witnessed significant growth in recent years and is expected to continue its upward trajectory. This market encompasses packaging solutions that go beyond traditional functions, incorporating advanced technologies to enhance product safety, quality, and convenience.
With the increasing demand for smart packaging solutions across various industries, such as food and beverages, healthcare, and consumer goods, the market is poised for substantial expansion. Active Intelligent Packaging offers benefits like real-time monitoring, temperature control, and freshness indicators, ensuring product integrity and extending shelf life.
The projected growth of the market can be attributed to several factors. Firstly, the rising consumer awareness regarding product safety and quality has fueled the demand for advanced packaging solutions. Additionally, the growing need for efficient supply chain management and the increasing adoption of IoT (Internet of Things) technologies have further propelled the market growth.
Furthermore, the COVID-19 pandemic has accelerated the adoption of active and intelligent packaging solutions. The need for contactless and hygienic packaging options has surged, leading to increased investments in innovative packaging technologies.
Geographically, North America and Europe have dominated the Active Intelligent Packaging Market, owing to the presence of major players and advanced infrastructure. However, the Asia-Pacific region is expected to witness significant growth during the forecast period, driven by rapid industrialization, urbanization, and changing consumer preferences.
In conclusion, the Active Intelligent Packaging Market is poised for substantial growth in the coming years. The integration of advanced technologies into packaging solutions will revolutionize the way products are stored, transported, and consumed. As industries strive to meet evolving consumer demands and ensure product safety, the demand for active and intelligent packaging will continue to rise.
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KEY MARKET SEGMENTS
By Material
l Plastic
l Glass
l Metal
l Paper
l Wood
By Technology
l Oxygen Scavenger
l Shelf-Life Sensing
l Time Temperature Indicator
l Moisture Absorber
l Others
By Application
l Food Beverage
l Pharmaceutical
l Healthcare
l Personal Care
l Others
Key Players
Some major key playersin the Active & Intelligent Packaging market are Amcor PLC, Crown Holdings Inc, Mitsubishi Gas Chemical Co, Constar International Inc, Ball Corporation, 3M Company, Coveris Holdings SA, Sealed Air Corporation, LCR Hall Crest LLC, Varcode Ltd and other players.
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