DUBLIN, March 2, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/448b9n/europe_active_and) has announced the addition of the "Europe Active And Intelligent Packaging Market - Forecasts, Trends And Shares (2015 2020)" report to their offering.
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The European Active and Intelligent packaging market is estimated to grow from $17.66 billion in 2015 to $19.68 billion by the end of 2020 at a CAGR of 2.19%. Germany has the market share followed by the United Kingdom and Spain.
The key drivers for the growth of active packaging is the convergence of global factors like changing eating habits, health awareness, stress factors due to an overnight work culture and stricter regulations on food safety.
There have been changes in the active and intelligent packaging market in Europe in the last few years. This has been caused by more retail companies increasing their product lines. Due to larger vertical integration, the retailers have enjoyed more efficient distribution and logistics. This enables the active and intelligent packaging market to grow at a steady pace to help the retail industry in the region.
Increasing population is directly burdening the food industry. To meet the requirements, different countries and enterprises are exporting their food products across the world. This has given rise to packaging companies who are providing solutions that expands the shelf life of the food products being exported. Traditional packaging products cannot meet the requirements of food products like meat and frozen foods. These constraints have given rise to new technologies like active and intelligent packaging which provide longevity and freshness to the food products being exported.
Europe Active and Intelligent packaging market is witnessing a remarkable growth. Increasing demand for these packaging products because of changing lifestyles and demand from manufacturers for longer shelf life is driving this market growth. Governments strict regulations regarding food packaging and safety standards are other such factors which are contributing to the market growth.
The major challenges in this region are the consequences of the financial crisis on the consumers purchasing power, rising prices of the commodities and the ageing problem of European population. Although the financial crisis hit the European Union pretty badly but with the help of the ECB and other financial institutions the economy is looking to come out of the economic slump.
- Basf Se
- Amcor Limited
- Landec Corporation
- Bemis Company, Inc.
- Crown Holdings
- Rexam Plc
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Technology Overview
5. By Applications
6. By Technology Type
7. By Technology Type
8. Europe Active And Intelligent Packaging Market Forecast, Trends And Share By Country
9. Active Packaging Vendor Market Share
10. Intelligent Packaging Vendor Market Share
11 Company Profiles Of Active & Intelligent Packaging Vendors
For more information visit http://www.researchandmarkets.com/research/448b9n/europe_active_and
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SOURCE Research and Markets