Global Active, Smart and Intelligent Packaging Market is forecasted to grow with significant CAGR owing factor such as technological advancements in the manufacturing sector. Increasing health awareness among the general population and continuous technological advancements in packaging is a major driver for the growth of Global active, smart and intelligent packaging market. However, the high cost of packaging in the global active, smart, and intelligent packaging will restrict the market growth.
Global Active, Smart and Intelligent Packaging Market Scenario
According to Data Bridge Market Research, the Asia-Pacific is growing with 36.59% of market share in 2020 in global active, smart and intelligent packaging market. The market leader is WestRock Company. The company has gained outstanding sales through their businesses of manufacturing and selling of variety of active, smart and intelligent packaging. The market is witnessing continuous product integration and expanding their business in the market.
For instance,
- In June 2021, WestRock launched EverGrow fiber-based produce packaging collection which is made using sustainably sourced wood fiber. WestRock EverGrow packaging is curbside recyclable when emptied and flattened, supporting the company’s ambition to reduce waste and build a 100% reusable, recyclable and compostable product portfolio.
Trends impacting the Global Active, Smart and Intelligent Packaging Market
The global active, smart and intelligent packaging market is becoming more competitive every year due to consistently increasing demand with companies such as, AVERY DENNISON CORPORATION., DS Smith, WestRock Company, Sonoco Products Company and Sealed Air, among others are the market leaders for global active, smart and intelligent packaging market Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global active, smart and intelligent packaging market.
Now the question is which other regions AVERY DENNISON CORPORATION., DS Smith, WestRock Company, Sonoco Products Company and Sealed Air are targeting? Data Bridge Market Research has estimated a large growth in global active, smart and intelligent packaging market and the market leaders targeting to be their next revenue pockets for 2020.
For more analysis on the global active, smart and intelligent packaging market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-active-smart-intelligent-packaging-market
Global Active, Smart and Intelligent Packaging Market Development in 2021
- In July 2021, DS Smith launched an e- commerce platform into the European region and their existing U.K. e-commerce platform. This benefitted the company for the expansion of its digital operation.
Scope of the Global Active, Smart and Intelligent Packaging Market
All analysis of the global active, smart and intelligent packaging market is further analyzed based on maximum granularity into further segmentation which is bifurcated
Global active, smart, and intelligent packaging market is segmented into six segments based on type, function, technology, material, level, and application.
- On the basis of type, the active, smart, and intelligent packaging market is segmented into active packaging, smart packaging, and intelligent packaging. In 2021, 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, 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 of 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, 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.
Global 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.
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.
Key Pointers Covered in Pea Starch Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
The key market players for Global active, smart and intelligent packaging market are listed below:
- LCR Hallcrest Ltd
- Ampacet Corporation
- WestRock Company
- Tetra Pak
- R.R. Donnelley & Sons Company
- Sonoco Products Company
- Smart Packaging
- Amcor Plc
- CONSTANTIA FLEXIBLES
- Klöckner Pentaplast
- Graham Packaging Company
- Avery Dennison Corporation
- DS Smith
- Cryolog
Above are the key players covered in the report to know about more and exhaustive list of active, smart and intelligent packaging companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-active-smart-intelligent-packaging-market
Research Methodology: Global Active, Smart and Intelligent Packaging Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Food and Beverage Manufacturer, Industry Professionals, and Researchers
- Supply Side: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and National Sales Managers
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