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Active & Intelligent Packaging Market Size

  • Report ID: GMI10050
  • Published Date: Jun 2024
  • Report Format: PDF

Active & Intelligent Packaging Market Size

Active & Intelligent Packaging Market was valued at USD 13.1 billion in 2023 and is anticipated to grow at a CAGR of over 6% between 2024 and 2032.

 

Consumers are looking for products with longer shelf life without sacrificing quality or freshness. This need is especially noticeable for perishable items such as food and medicine. This can be met by active and intelligent packaging solutions, which combine technologies including temperature-controlled packaging, antimicrobial films, and oxygen scavengers. These advances contribute to an extended shelf life while maintaining product integrity by lowering oxidation, microbiological development, and moisture absorption. Businesses may reduce waste, improve inventory control, and satisfy customer demands for sustainability, convenience, and quality by extending the life of their products.
 

A crucial component of packaging is regulatory compliance, particularly in sectors where safety and traceability are important, such as food and pharmaceuticals. Regulatory organizations establish strict criteria to guarantee consumer protection, environmental sustainability, and product safety. With features such as tamper-evident sealing, RFID tracking, and real-time environmental condition monitoring, active and intelligent packaging is essential to satisfying these standards. These technologies improve supply chain transparency, guarantee legal compliance, and increase consumer confidence in the dependability and safety of products by enabling businesses to follow rules such as EU directives in Europe or FDA standards in the U.S.
 

Adopting and putting into practice active and intelligent packaging technologies can come at a high cost, including the setup fees, equipment purchases, and continuing maintenance & material expenditures. It may be difficult for businesses, particularly smaller ones or those with narrow profit margins, to justify these expenses. Furthermore, specific expertise and training are needed to integrate new technologies into the production and supply chain processes that already exist. Even with these difficulties, the advantages of longer shelf life, adherence to regulations, and improved product safety frequently outweigh the initial cost of implementing active and intelligent packaging solutions.
 

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for active & intelligent packaging was valued at USD 13.1 billion in 2023 and is anticipated to grow at over 6% CAGR between 2024 and 2032, as consumers are looking for products with longer shelf life without sacrificing quality or freshness.

The active packaging segment of the active & intelligent packaging market is expected to reach over USD 13.02 billion by 2032, as active packaging assures food safety and quality throughout the supply chain.

North America industry accounted for over 30.3% share in 2023 and will expand rapidly by 2032, driven by technological innovation and consumer demand.

3M Company, Amcor Limited, Bemis Company, Inc, Company, Dupont Teijin Films, Mondi Group, Sealed Air Corporation, and Sonoco Products Company among others.

Active & Intelligent Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 305
  • Countries covered: 21
  • Pages: 210
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