The active, smart and intelligent packaging (advanced packaging) refers to the packaging system used in pharmaceuticals, food and other products. Advanced packaging is rapidly replacing the traditional packaging system as it improves the visual appearance of the products by interacting internally and externally with the environment.
The global food packaging industry has witnessed significant growth in the last five years due to rising urban lifestyles and rising global population. North America is the largest regional market in the global advanced packaging market followed by Europe.
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Due to increase in demand for ready-to-cook meals, quality and fresh packaged food, manufactures’ concern and consumer convenience, the global advanced packaging market is growing at a significant rate. Increasing testing cost and harmful effects of packaging materials act as restraints for the growth of the market. Increasing consumer confidence regarding safety of packaged food will help to increase the demand for advanced packaging materials in future.
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Based on technology, the global market for advanced packaging system is segmented into active packaging, intelligent packaging, and modified atmosphere technology. Based on applications, the global market for advanced packaging market is segmented into meat and poultry food, sea food, soup, confectionaries, dairy products, ready-to-eat meals and fruits and vegetables. Based on geography, the market is divided into North America, Europe, Asia-Pacific and Rest of the World.
Some of the key major players in this industry include Amcor Ltd, Ball Corp, Bemis, Graham Packaging, Constar International, Mitsubishi Gas Chemical, Rexam Plc, Sysco Corp, Vip Packaging and others.
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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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