Active & Intelligent Packaging Market Status and Development Trends (2020 - 2027

Posted by Pradip on February 14th, 2022

The next generation of packaging goes a step ahead by conveying information to customers about the package contents. The attractiveness of active and intelligent packaging has risen primarily due to its use in sectors such as pharmaceuticals and food sectors more than others. The containment of products such as food products, medicines, and even human organs in case of transportation of human organs is the most basic function of an active and intelligent package.

The functions of packaging have altered over the years from a utility element to a decorative element to an element that can be used for marketing the product. Packaging has made daily lives more comfortable due to the functions that it offers. Active and intelligent packaging is considered to be the future of packaging as it employs innovative materials and processing methods to ensure long life and viability of products that it is used for. The primary use of packaging helps in keeping the quality of the package in check while safeguarding the contents from the exterior environment.

Active and Intelligent Packaging Market was valued at a reliable market value that accounts for USD 16.1 Billion during the historic forecast period that had ended in 2019. For the ongoing forecast period of 2021-2028, the global active and intelligent packaging industry is projected to grow at a CAGR of 6.51% and hence, reach a final market value worth USD 26.8 Billion by 2028, over the forecast period.

The few benefits of intelligent packaging such as the ability to examine freshness, augment the shelf life, exhibit information on quality, increase safety, and promote convenience are likely to have an increased effect on the market expansion. Moreover, the use of active packaging is projected to develop rapidly due to the creation and accessibility to packaging elements such as microwave susceptors, oxygen scavengers, moisture absorbers, and antimicrobial packaging that are at the core of the functionality of this particular variety of packaging.

The successful application of active packaging to augment the shelf life of processed foods is chiefly attributed to the breakthroughs in adsorbing and releasing systems. The use of elements such as liquid and moisture absorbers, oxygen scavengers, flavor and odor absorbers or releasers, ethylene scavengers, and antimicrobials are changing the primary perception of packaging.  For instance, Aptar Food + Beverage, a leader in an expansive variety of quality active packaging systems and processing tools for seafood and fresh-cut fruits & vegetables, has launched InvisiShield platform technology. The innovative technology uses an anti-pathogenic packaging solution that is effortlessly incorporated into sealed packages to guard fresh-cut harvest against destructive pathogens like germs, fungi, and viruses.

The need to adhere to social structures and customer needs is a critical factor that is driving the growth of the active and intelligent packaging market globally. Intelligent packaging systems are useful in monitoring specific aspects of products and convey information to the end-user. As a result, intelligent packaging could pick up information related to product quality, offer more convenience or theft or tamper resistance. Unlike conventional packaging, which has to be completely inert, active packaging is intended to interrelate with the contents along with the surrounding environment. This benefit of intelligent packaging, as a result, is leading to its large scale deployment for examining probable neglect that has occurs at several points in the food supply chain.

The recognition of the benefits of active and intelligent packaging is estimated to spark off new trends and innovation in the market. For instance, one such trend is the use of time-temperature indicators (TTIs). TTI is being used increasingly to convey to the consumer when the content of the packages has been temperature abused and, as a result, can have a notable impact on the long term market development. The up-and-coming packaging products such as time-temperature monitors and antimicrobial packaging are expected to further improve the market growth trajectory in the coming years.

Read more@ https://www.marketresearchfuture.com/reports/active-and-intelligent-packaging-market-5550

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Technology

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

Continued…