‘Active, Smart, and Intelligent Packaging Market: Global Industry Analysis (2012–2021) & Opportunity Assessment (2022–2027),’ according to a new analysis. Future Market Insights investigates the global active, smart, and intelligent packaging market and forecasts value and volume for the years 2022-2027.
Because of increased consumer demand for innovative packaging solutions, the global packaging sector has seen significant innovation in recent years. Manufacturers of packaging products are implementing active, smart, and intelligent packaging solutions to extend product shelf life and provide better value to consumers to meet rapidly changing consumer expectations.
The report also includes an in-depth analysis of the different dynamics that will likely influence market revenue growth over the next decade. According to the analysis, the global active, smart, and intelligent packaging market is predicted to be worth US$ 27.1 billion in 2022, rising to US$ 43.3 billion by the end of 2027, with a CAGR of 9.8% over the forecast period.
Market Dynamics for Active, Smart, and Intelligent Packaging in the World
Consumer preferences for items with a longer shelf life and case-ready meals are expected to increase, as are substantial changes in consumer preferences and a highly regulated and controlled packaging business.
Revenue-inhibiting reasons include strict adherence to tight packaging restrictions, a lack of adequate technology, a no-‘positive list’ system, a lack of crucial regulations, and a strong reliance on imports.
Future market developments: Increased mergers and acquisitions, particularly in the North American industry, the development of temperature-responsive inks, and the use of active, smart, and intelligent packaging to combat counterfeiting are all current trends in the global market.
Market Forecasts for Active, Smart, and Intelligent Packaging by Packaging Type
Based on packaging type, the global market for active, smart, and intelligent packaging is divided into Active Packaging (O2 Scavenging Sachets, MAP) and Smart & Intelligent Packaging (TTI Labels, Freshness Indicators, RFID Tags).
Over the forecast period, the Active Packaging segment is predicted to increase over 2X, with a value share of more than 65 percent by the end of 2027. Over the projected period, this segment is expected to generate the biggest incremental opportunity of US$ 17,111.9 Mn.
Market Forecasts for Active, Smart, and Intelligent Packaging by Application
Food & Beverage (Meat, Poultry & Seafood, Fruits & Vegetables, Dairy Products, Bakery & Confectionery, Processed Food, Others), Pharmaceuticals, Cosmetics, and Others make up the global active, smart, and intelligent packaging market.
By the conclusion of the forecast period in 2027, the Food & Beverage segment is predicted to be the largest, with a market share of just under 45 percent. By the end of the projected period, the Food & Beverage segment is expected to have grown 2.5 times.
