Call for Smart Operation to Drive the Active, Smart and Intelligent Packaging Market
As per a report published on XploreMR, the global active, smart and intelligent packaging market will witness a stupendous growth rate between 2020 and 2030.
Specialty covering is asked for, so as to retain the freshness and nutritional value of the products concerned. Sophistication has arrived in the transportation sector. This fact is bound to create a positive impact on the active, smart, and intelligent packaging market.
Growing urbanization in the developing countries has, in turn, increased demand for frozen, ready-to—eat, packaged food. As such, specialty packaging makes a beeline where there is an excessive demand for exotic vegetables & fruits, frozen products, and meat.
Active, Smart and Intelligent Packaging Market Dynamics
The packaging system is witnessing a shift from “conventional” to “advanced”. The latter one is concerned with external and internal aspects with respect to product protection. This factor is expected to boost the market.
Advanced system has been witnessing high demand due to convenience along with demand for ready-to-eat food in the North American and European belt. Plus, regulations regarding food packaging have turned out to be pretty stringent in both the economies. Smart wrapping techniques are being called for, so that the value chain could be organized, efficiency could be steamlined, and customers’ waiting time at the POS could reduce.
The number of convenience stores embedded with technologically advanced POS is driving the requirement for intelligent systems. Proper product monitoring and lessening of tracking time are expected to bolster the active, smart and intelligent packaging market over the period of time.
However, it needs to be noted that the implementation costs are quite high, especially for new entrants. Plus, the bitter fact that Covid-19 outbreak has disrupted the supply chain can’t be ignored. This has, in turn, irregularized the inflow of raw material and skyrocketed its price. This increased cost finally comes down to the buyer. These factors ought to hamper the active, smart and intelligent packaging market in the forecast period.
Active, Smart and Intelligent Packaging Market Insights: Segments-wise
The market by application gives dried processed food, chilled processed food, dairy, frozen food, beverages, and packaged food. The food-related sub-section holds more than 50% of market share. It is amongst the key drivers to the market. Coming to type, the active, smart and intelligent market constitutes modified, active, and intelligent atmosphere systems. Modified atmosphere systems are in greater demand as compared to their counterparts.
Active, Smart and Intelligent Packaging Market Insights: Region-wise
The active, smart and intelligent Packaging Market, region-wise, spans North America (Canada, US), Eastern Europe (Russia and Poland), Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), APEJ (New Zealand, Australia, ASEAN, India, China), Japan, MEA (North Africa, Southern Africa, GCC), and Latin America (Chile, Peru, Brazil, Mexico, and others).
North America holds the largest market share due to stern legislations regarding packaging of beverages and food. Europe comes in second with growing awareness amongst consumers along with rising demand for the “sustainable” packaging systems. The Asian sub-continent is expected to grow at the fastest pace due to altering lifestyles in economies like India.
The key players in the active, smart and intelligent packaging market include Mitsubishi Gas Chemical, Inc., SYSCO Corp., Sealed Air Corp., Timestrip PLC, VIP packaging, Ball Corp., Graham Packaging Company Inc., Landec Corp., and Amcor Ltd.
Important Questions Answered
- What is the growth potential of the active, smart and intelligent packaging market?
- Which company is currently leading the active, smart and intelligent packaging market? Will the company continue with the winning streak during the forecast period?
- What are the top strategies that players are expected to adopt in the years to come?
- Which regional market is anticipated to secure the highest market share?
- How will the competitive landscape change in future?
- What do players need to do to adapt to future competitive changes?
- What will be the total production and consumption with regards to active, smart and intelligent packaging by 2030?
- Which are the key upcoming technologies? How will they impact the active, smart and intelligent packaging market?
- Which product segment is expected to show the highest CAGR?
- Which application is forecast to gain the biggest market share?
Highlights of TOC:
Overview: Along with a broad overview of the active, smart and intelligent packaging market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
Market Dynamics: Here, the authors of the report have comprehensively discussed about key drivers, restraints, challenges, trends, and opportunities of the active, smart and intelligent packaging market.
Product Segments: This part of the report throws light on the market growth of several types of products sold by leading companies.
Application Segments: The analysts authoring the report have deeply assessed the market potential of key applications and identified future opportunities they are expected to create in the active, smart and intelligent packaging market.
Geographical Segments: Each regional market is carefully looked into for understanding its current and future growth scenarios.
Company Profiles: Top players of the active, smart and intelligent packaging market are thoroughly profiled in the report based on their market share, market served, products, applications, regional growth, and other factors.
A methodical approach to research helps in systematic data gathering and analysis
Primary and secondary research are the founding pillars that make or break organised research practices. A strong secondary research to acquire necessary data pertaining to the concerned market and a validation of this data through extensive primary research helps freeze the final data points based on which research analysts are able to derive pertinent qualitative and quantitative insights into the market. This proven and tested methodology underpins our research on the global active, smart, and intelligent packaging market conducted for a 10 year forecast period from 2017 to 2027. The findings – published in a new report titled ‘Active, Smart, and Intelligent Packaging Market: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2027)’ – are symbolic of the current nature of the global active, smart, and intelligent packaging market and use historical market data (for the period 2012 to 2016) to arrive at a comprehensive forecast for the coming decade. To get the right metrics for the 10 year period ending 2027, we have used 2016 as the base year and estimated our forecasts starting 2017.
Our research methodology follows a simplified process flowchart-
Data Collection → Data Filter & Analysis → Research & Intelligence → Actionable Insights → Business Solution
Data collected through secondary research and validated through primary interviews is filtered for market relevance and accuracy. This data is then integrated with our independent analysis of the market and streamlined value and volume projections for the duration of the assessment period are arrived at, based on which pertinent market insights are presented to clients for informed decision making.
Components of our exhaustive research process
The process of our primary research begins with identifying market respondents, creating questionnaires to cater to each segment within the global active, smart, and intelligent packaging market value chain, and conducting extensive interviews with all key market stakeholders based in different countries across the world. A detailed analysis of some of the top companies operating in the global active, smart, and intelligent packaging market helps us understand the vendor ecosystem and enables more accurate gathering of market information and statistics, as our primary interviews comprise extensive interactions with representatives from these companies. For secondary research, we rely on company websites, annual reports, white papers, financial reports, and press releases; as well as paid publications such as Factiva, GBI, Genios, and Meltwater. Data analysis comprises active, smart, and intelligent packaging sales correlation, macroeconomic factor analysis, historical trend analysis, and statistical analysis. Market sizing is done by identifying market volume (tonnes) and value (US$ Mn) for active, smart, and intelligent packaging products, regional average prices consolidated to arrive at revenue estimates, factor analysis for market projections, and CAGR and Y-o-Y growth to deduce final market estimations.
A coherent report structure that facilitates seamless navigation through the different chapters
Our report on the global active, smart, and intelligent packaging market begins with the mandatory executive summary, which is a brief snapshot of the global active, smart, and intelligent packaging market and comprises market overview, market analysis, and our recommendations. This is followed by an introduction to the market that defines the global active, smart, and intelligent packaging market and presents the market taxonomy. An analysis of the global active, smart, and intelligent packaging market follows next, with key metrics such as market volume projections, market size and Y-o-Y growth, absolute $ opportunity, value chain analysis, and market opportunity analysis. The next few sections present a detailed forecast of the global active, smart, and intelligent packaging market on the basis of the various market segments across the assessed regions. These sections present both the historical market size for 2012 – 2016 as well as a detailed forecast for 2017 – 2027 and highlight the segmental market attractiveness and key segmental trends. Region specific market dynamics (drivers, restraints, trends) and an impact analysis of drivers and restraints are highlighted in the sections dedicated to the regional markets.
Competition profiling is an integral part of all our research publications and we include a separate section in our reports for tracking the competition in the global market. In this section, we focus on the market share analysis of key players and a competition dashboard to present a singular view of the vendor ecosystem of the global active, smart, and intelligent packaging market. We have also profiled some of the leading companies operating in the global market and provided useful information such as company overview, key financials, business expansion strategies, and recent market developments.
A clear segmentation of the market to compute key metrics for near accurate market estimations
Active, Smart, and Intelligent Packaging Market: APEJ in a Close Fight with Western Europe for Second Position in Terms of Market Share by 2027: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027)Buy Now
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