$28 Billion Active & Intelligent Packaging Market: Worldwide Growth, Trends and Forecast (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 14, 2019--The “Active and Intelligent Packaging Market - Segmented by Type (Active, Intelligent), End-user Vertical (Food, Beverage, Healthcare, Personal Care), and Region - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The active and intelligent packaging market was valued at USD 17.48 billion in 2017, and it is expected to reach a value of USD 28 billion by 2023, at a CAGR of 8.17% during the forecast period (2018-2023).
According to the Center for Disease Control and Prevention (CDC), there are about 48 million cases of foodborne illness, annually, in the United States; which is the equivalent of sickening 1 in 6 Americans each year. In addition, each year, these illnesses result in an estimated 128,000 hospitalizations and 3,000 deaths. Thus, increasing awareness about food-borne diseases and increasing demand for fresh and quality packaged food, consumer convenience and manufacturers concern for longer shelf-life of the food products is driving the market for global active and smart packaging technology for food and beverage market.
Owing to the ever-growing urban population and changing lifestyle trends, the demand for ready-to-eat, frozen, and packaged food is increasing extensively across the globe. The supply of frozen foods, meat products, vegetables, and fruits is surpassing boundaries, thus giving regional markets a global exposure.
Moreover, with the retail industry propelling at a rapid pace, the need for attractive and advanced packaging is also increasing. Further, increase in counterfeit products in developing countries has also compelled companies to use technologies like RFID during packaging.
All these factors account for a significant rise in the demand for active and intelligent packaging. However, factors such as higher costs of installation and implementation and security issues concerned with these systems are hindering the growth of the market.
- Longer Shelf-Life and Changing Lifestyle of People are Driving Market Growth
- Frozen Food Expected to Witness a Rise in the Demand for Safe Motors
1.1 Scope of the Study
1.2 Executive Summary
2. Research Approach and Methodology
2.1 Key Deliverables of the Study
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3. Market Insights
3.1 Market Overview
3.2 Market Drivers
3.2.1 Longer Shelf Life and Changing Lifestyle of people
3.2.2 Growing Demand for Fresh and Quality Foods
3.2.3 Demand for Longer and Sustainable Packaging Products
3.3 Market Restraints
3.3.1 Issues with the Packaging Material Effect on Human Body
3.3.2 Security and Privacy Issues in Case of Intelligent Packaging
3.3.3 High Installation Costs
3.4 Industry Attractiveness - Porter’s Five Industry Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Industry Policies
4. Technology Snapshot
5. Global Active and Intelligent Packaging Market Segmentation
5.1 By Type
5.1.1 Active Packaging
5.1.2 Intelligent Packaging
5.2 By End-user Vertical
5.2.4 Personal Care
5.3 By Region
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East and Africa
6. Competitive Intelligence - Company Profiles
6.1 BASF SE
6.2 Amcor Ltd.
6.3 Honeywell International Inc.
6.4 Landec Corporation
6.5 Bemis Company Inc.
6.6 Crown Holdings Inc.
6.7 Ball Corporation (Rexam PLC)
6.8 Sonoco LP
6.9 Graphic Packaging
6.10 Timestrip UK Ltd.
6.11 VIP Packaging
6.12 PFF Packaging (Intelligent Packaging Solutions Ltd.)
6.13 Dessicare Inc.
6.14 Fresh Point Holdings
6.15 WestRock Company (MeadWestvaco Corporation)
7. Investment Analysis
8. Outlook of Active and Intelligent Packaging Market
For more information about this report visit https://www.researchandmarkets.com/research/xs5q22/28_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190314005334/en/
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 03/14/2019 06:17 AM/DISC: 03/14/2019 06:17 AM