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Global Active Packaging Market Size study & Forecast, by Type, by Application and Regional Analysis, 2024-2032

Global Active Packaging Market Size study & Forecast, by Type,...

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Global Active Packaging Market Size study & Forecast, by Type, by Application and Regional Analysis, 2024-2032
Global Active Packaging Market Size...
Report Code
RO3/103/2430

Publish Date
06/Sep/2024

Pages
200
PRICE
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Global Active Packaging Market is valued at approximately USD 23.87 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.49% during the forecast period 2024-2032. Active packaging is a packaging technique crafted to proficiently maintain and potentially augment the nutritional value, sensory properties, and general quality of the contained food products, thereby extending their storage duration. This novel approach has arisen in reaction to the evolving tastes of modern consumers, who are increasingly drawn to readily available, fresh products, often partially prepared. The rising preference among urban and employed populations for fresh, easily consumable, and conveniently transportable food items substantially drives the need for active packaging solutions. Additionally, sectors such as Food & Beverage and Pharmaceuticals require specific item details to be included on the packaging, further stimulating demand for the Active Packaging Market.

Urbanization has been an uncontrollable phenomenon in numerous regions, leading to significant shifts in people's lifestyles and subsequent evolution of eating habits. Based on the Ready Meals Snapshot Survey conducted by Eating Better, in 2020, it was found that 88% of adults in the United Kingdom regularly consume ready breakfasts, dinners, or ready-to-cook food items, with two out of five individuals opting for packaged meals every week. Over the forecast period, the global Active Packaging Systems Market is poised to benefit from opportunities arising from shorter tracking durations and improved effectiveness in product monitoring. The increasing desire for sustainable and durable products, driven by both sellers and consumers, represents a significant growth opportunity during the forecast period. Nonetheless, the potential adverse effects of consuming long-preserved food packaged via active packaging pose a threat to health-conscious consumers, attributed to the absence of market standards. This lack of standards impedes market growth during the projected period 2022-2030.

The key regions considered for the Global Active Packaging Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 The utilization of smart labels and sensors within advanced packaging technology stands as the primary factor contributing to the substantial market share of this region. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as growing concern for food waste, the need for sustainable packaging solutions, and changes in the eating habits of the consumers due to urbanization are considered to be factors of growth for this region throughout the forecast period.

Major market player included in this report are:
Avery Dennison Corporation
Amcor PLC
American Thermal Instruments, Inc.
Temptime Corporation
Smartrac N.V.
BASF SE
Thin Film Electronics ASA
Stora Enso
International Paper
Emerson Electric Co.
Recent Developments in the Market:
In September 2023, Avery Dennison introduced AD Pure RFID inlays and tags, which are plastic-free alternatives, into the market. This recent innovation enhances recyclability, concurrently diminishing carbon footprint and waste generation.
In February 2024, Amcor partners with Stonyfield Organic and Cheer Pck North America to introduce the inaugural spouted pouch composed entirely of polyethylene (PE). This pioneering solution offers a sustainable packaging option without compromising performance.
In December 2022, BASF and StePac formed a partnership to create sustainable packaging solutions aimed at extending the shelf life of fresh produce. This partnership aims to balance eco-friendliness with the effective preservation of fresh produce using lean plastic films.
Global Active Packaging Market Report Scope:
Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2024-2032
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Oxygen Scavenger
Shelf-life sensing
Time Temperature Indicator
Moisture Absorber
Others
By Application:
Food and Beverage
Healthcare
Pharmaceutical
Personal Care
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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