Asia-Pacific active, smart and intelligent packaging market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.6% in the forecast period of 2021 to 2028 and is expected to reach USD 48,555.51 million by 2028 from USD 27,261.78 million in 2020.
The terms active packaging, intelligent packaging, ,innovative packaging refers to packaging systems used for foods, pharmaceuticals, and several other types of products. They help extend shelf life, monitor freshness, display information on quality, improve safety, and improve convenience. These terms are closely related. For example- active packaging usually means having operational functions beyond the inert, passive containment and protection of the product, Intelligent and innovative packaging involves the ability to sense or measure an attribute of the product, the inner atmosphere of the package, or the shipping environment. This information can be communicated to users or can trigger active packaging functions, programmable matter, and smart materials, among others.
The recent trend indicates increasing demand for active, smart, and intelligent packaging as investments in public and private healthcare industries increase. The factors driving the growth of the market are raising health awareness among the general population, and continuous technological advancements in packaging. With the rapid growth of globalization and increase in mandates for food and beverages by various countries and regions, the global active, smart, and intelligent packaging market will witness an increased trajectory in the coming years.
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Competitive Landscape and Asia-Pacific active, smart and intelligent packaging market Share Analysis
Asia-Pacific active, smart, and intelligent packaging market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Asia-Pacific active, smart, and intelligent packaging market.
Some of the major players operating in the active, smart, and intelligent packaging market are LCR Hallcrest Ltd, Ampacet Corporation, WestRock Company, Tetra Pak, Scan and win, R.R. Donnelley Sons Company, Sonoco Products Company, Smart Packaging, Amcor Plc, CONSTANTIA FLEXIBLES, Klöckner Pentaplast, Graham Packaging Company, Avery Dennison Corporation, DS Smith, and Cryolog among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many developments are also initiated by the companies worldwide, which are also accelerating the Asia-Pacific active, smart and intelligent packaging market.
The Asia-Pacific active, smart and intelligent packaging market is fragmented, and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in the active, smart and intelligent packaging market.
Asia-Pacific by country is segmented into China, India, Japan, South Korea, Australia New Zealand, Thailand, Philippines, Indonesia, Singapore, Malaysia and Rest of Asia-Pacific. In 2021, China will dominate the Asia-Pacific active, smart and intelligent packaging market, due to growing application of this market in the food and beverage industry.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Active, Smart, and Intelligent Packaging is Boosting the Market Growth of the active, Smart and Intelligent Packaging Market
The active, smart, and intelligent packaging market also provides you with a detailed market analysis for every country's growth in a particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2010 to 2019.
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Asia-Pacific Active, Smart and Intelligent Packaging Market Scope and Market Size
Asia-pacific active, smart, and intelligent packaging market is segmented into six segments based on type, function, technology, material, level, and application.
The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the active, smart, and intelligent packaging market is segmented into active packaging, smart packaging, and intelligent packaging. In 2021, the smart packaging segment is expected to dominate the market due to the high production quantity and ease to use nature of smart packaging.
- On the basis of function, the active, smart, and intelligent packaging is segmented into moisture control, temperature indicators, shelf life sensing, product tracking, and others. In 2021, the moisture control segment is expected to dominate the market as it is the most demanded packaging function to extend the shelf life of the product.
- On the basis of technology, the active, smart, and intelligent packaging market is segmented into RFID tags, QR codes, NFC tags, coding markings, sensors output devices, and others. In 2021, the RFID Tags segment is expected to dominate the market as it gives easy access to the product to consumers.
- On the basis of material, the active, smart, and intelligent packaging market is segmented into plastic, paper, glass, corrugated board, metal, and others. In 2021, the plastic segment is expected to dominate the market due to consumers showcasing keen interest in the size of the product’s packaging due to its affordability.
- On the basis of level, the active, smart, and intelligent packaging market is segmented into primary, secondary, and tertiary. In 2021, primary is expected to dominate the market as primary is that layer of packaging which makes direct contact with the product.
- On the basis of application, the active, smart, and intelligent packaging market is segmented into food, beverages, personal care, healthcare, automotive, consumer electronics, and others. In 2021, the food segment is expected to dominate the market as the demand for packed food is increasing all over the world owing to the busy lifestyles.
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