LONDON, Nov. 4, 2015 /PRNewswire/ -- Food packaging has no longer just a passive role in protecting and marketing a food product. New concepts of active and intelligent packaging play an increasingly important role by offering innovative solutions for extending the shelf-life or maintain, improve or monitor food quality and safety.
The global active and intelligent packaging market is estimated to increase from $13.75 billion in 2014 to $23.38 billion by the end of 2020 at a CAGR of 9.25%. North America is the leading market for packaging automation with United States occupying the lions share in the region. Asia Pacific and Latin America regions are the fastest growing regions for active and intelligent packaging market.
With the escalating levels of population growth, a huge burden is being placed on the food industry. To meet these requirements, an increasing number of countries and enterprises are exporting their food products across the world. Traditional packaging products cannot meet the requirements of food products such as meat and other frozen foods. Hence, new technologies like active and intelligent packaging which promote longevity and freshness in the food products are expected to grow significantly.
The research published on active and intelligent packaging covers different technologies such as pure absorbers, oxygen scavengers, moisture/humidity absorbers, odour absorbers/emitters, anti-microbiological packaging and others.
Changing life style of people, demand for packaging solutions with longer sustainability, demand for fresh and quality food are the major drivers for the growth of this market. Further, increase in counterfeit products in developing countries has also compelled companies to use technologies like RFID during packaging.
Issues regarding the effect of packaging materials on the human body, security and privacy issues in case of intelligent packaging systems are expected to be major challenges for the markets growth over the next five years.
What the report contains
The study explains the situation of active and intelligent packaging market, and shows its application in end-user markets such as frozen food, packaged food, dairy products and others along with accurate market metrics. The study elaborates that currently the active and intelligent packaging market size is the highest for frozen food followed by packaged foods. Dairy products and frozen foods have the maximum CAGR of 13.00 % and 8.07 % respectively.
Lastly, the report is divided by geography - North Americas, Europe, the Asia-Pacific (APAC), Latin America and Middle East & Africa; where-in the market share of each region is analyzed and estimates are provided for the next five years. The various applications of active and intelligent packaging have been discussed in detail in addition to a comprehensive overview of the market. Some of the key players mentioned in the report are BASF, Amcor Limited, Landec Corporation, Bemis, Rexam Plc and Sonoco.
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