NEW YORK, Oct. 29, 2015 /PRNewswire/ -- Study coverage
It presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by product and market. The study also considers market environment factors, assesses industry structure, evaluates company market share and profiles 59 US industry participants such as Clariant International, CSP Technologies, Graphic Packaging, Reynolds Group and Novipax.
US demand to rise 7.3% annually through 2019
Demand for active and intelligent packaging in the US is forecast to increase 7.3 percent per year to $4.0 billion in 2019, stimulated by the need to develop more advanced packaging to suit beverages, foods, and pharmaceuticals with sensitivity to moisture, temperature, or chemicals. While many active and intelligent packaging applications are mature, ongoing developments make production and usage more efficient. Additionally, new products and applications have been introduced as printed electronics, chemical additives, and natural materials are developed and scaled for use in packaging.
Products that track, interact, & prolong shelf life lead the way
Recent concerns regarding food safety and the trafficking of counterfeit pharmaceuticals will spur demand for packaging products such as time-temperature indicators (TTIs) and other intelligent components that can be used to trace products throughout the supply chain to monitor temperature abuse or physical tampering. Developments in printed electronics have lowered the price of advanced TTIs that provide a digital record of package temperature, leading to greater industry adoption.
Demand for product interaction will bolster gains for packaging that provides feedback regarding the condition of the contents as well as information about source or brand identity. As all products become more connected through the Internet of Things, packaging will advance to provide consumers with a way to both send data to and receive information from producers and distributors. Demand for smartphone-enabled interactive packaging products, color indicating inks, and other intelligent packaging components will continue to post rapid gains through 2019 as this trend continues to evolve.
Products that can help to extend the shelf life of packaged foods will also register healthy growth. The development of monolayer oxygen scavenger bottle systems has led to greater use in singleserve beverages and newer technologies such as oxygen scavenging films will further aid growth for gas scavenging products. Additionally, preference for foods with fewer additives has led to the integration of products, such as ethylene scavenging films and moisture control pads with added capabilities, which can extend the shelf life for fresh foods.
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