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The Global Active Packaging Market Size is valued at 27.35 billion in 2023 and is predicted to reach 58.81 billion by the year 2031 at a 10.21% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The demand for increasing demand for read-to-eat and on-the-move meals among urban populations is leading to market growth.
- The rise in global demand for food and healthcare products is an important factor driving the expansion of this market.
- North America dominated the market and accounted for a global revenue share in 2023.
- One of the significant concerns restrains the high initial investment needed for technology, R&D, and specific packaging materials.
A type of packaging called active packaging works to control the atmosphere inside the container and safeguard the goods from outside influences. It could be a products and services available type, an oxygen control type, or another type. The rising demand for food and healthcare items worldwide is crucial to this market's growth.
Active packaging is becoming more and more common in industrial items since it helps to increase life span and product quality. Food products are preserved and kept from rotting using active packaging, which is also utilized in the food business. However, the rising cost of adding active packaging elements, like sorbents, to food would likely restrain market growth over the forecast period. Since the lockdown restrictions imposed during the COVID outbreak were relaxed, there has been increased demand across internet platforms for food delivery. This element has enabled new revenues to join the global active packaging industry, together with advancements in package engineering. Because of rising urbanization, different socioeconomic, and increased disposable money, demand for packaged, frozen, and ready-to-eat meals has increased.
Increased consumption of fresh produce, meat, and frozen commodities due to expanding global trade patterns have resulted in a need for special packaging. Furthermore, an improved transportation network is projected to boost global trade, which is anticipated to be advantageous for the active packaging market expansion.
Recent Developments:
- In May 2022, Avery Dennison and Wiliot, a provider of digital ID technologies, announced a strategic partnership to scale the Internet of Things through the integration of atma.io and the creation, design, and manufacturing of Wiliot tags, which will help the IoT become intelligent and completely interconnected.
- In April 2022-Amcor PLC invested in upgrading the medical packaging factory in Sligo, Ireland's thermoforming capabilities. The multi-million dollar investment would help Amcor's sterile packaging division grow while providing customers in Europe and North America with another location with all-inclusive healthcare offerings.
Competitive Landscape:
Some of the Active Packaging market players are :
- 3M (U.S.)
- Accutech Packaging
- AIMPLAS Inc (Spain)
- Amcor Ltd.
- Amelco Desiccants Inc
- American Thermal Instruments
- Amerplast Ltd
- Ampacet Corporation
- Aptar Group Inc
- Avery Dennison
- BASF SE
- Dessicare Inc.
- DuPont
- Emerson Electric Co.
- Graham Packaging Company (U.S.)
- International Paper
- MicrobeGuard Corporation
- R. Grace and Company
- R.R. Donnelly & Sons (RRD) Company
- Sealed Air Corporation
- Smartglyph Ltd
- Smartrac N.V.
- Stora Enso
- Temptime Corporation
- Thin Film Electronics ASA
Market Segmentation:
The active packaging market is segmented based on type and application. The market is segmented by type as an oxygen scavenger, shelf-life sensing, time temperature indicator, moisture absorber and others. By application, the market is segmented into food and beverage, healthcare, pharmaceutical, personal care and others.
Based On Product, The Oxygen Scavengers Segment Is A Major Contributor To The Active Packaging Market
The oxygen scavenger category will hold a major share of the global active packaging market in 2021. The primary use of oxygen scavengers, called oxygen absorbers, is to minimize or remove oxygen from various packages and the input water for steam boilers. It prevents degrading reactions caused by oxygen availability, improving the functionality of many products & processes. Oxygen scavengers used only for packaging are included in active packaging. The agricultural, beverage, and pharmaceutical industries typically utilize this packaging to respond to environmental changes. The oxygen scavenger technique aims to reduce the amount of oxygen that can result in proportional to the negative and to utilize fewer resources, such as food, metals, and pharmaceuticals.
The Healthcare Segment Witnessed Growth At A Rapid Rate
The healthcare segment is projected to grow at a rapid rate in the global Active Packaging market. Active packaging is widely employed in the healthcare industry to preserve the product's integrity and freshness. By regulating the oxygen and moisture levels, the active packaging aids in the longer-term preservation of the product. Additionally, it prevents bacterial and fungal growth on the material. This preserves the product's authenticity and lessens the rate of product spoilage. Drugs, medical equipment, multivitamins, and items for personal hygiene are some of the popular healthcare products that use active packaging.
The North America Active Packaging Market Holds A Significant Regional Revenue Share
The North America active packaging market is expected to register the highest market share. Freezing, ready-to-eat, and canned foods are in more demand due to increased urban population and lifestyle changes. Another significant reason driving the market for active packaging in this region is the demand for exotic meat, flowers, and other edible frozen products worldwide.
In addition, Asia Pacific region is grow rapidly in the global active packaging market. The drivers propelling the expansion of this geographical category are changing lifestyles, growing demands for packaging solutions with extended sustainability, and rising demand for fresh & high-quality foods.
Active Packaging Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 27.35 Bn |
|
Revenue forecast in 2031 |
USD 58.81 Bn |
|
Growth rate CAGR |
CAGR of 10.21% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Type And Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Avery Dennison, Amcor PLS,, American Thermal Instruments, Temptime Corporation, Smartrac N.V., BASF SE, Thin Film Electronics ASA, Stora Enso, International Paper, Emerson Electric Co., R.R. Donnelly & Sons (RRD) Company, Sealed Air Corporation and Smartglyph Ltd. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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