The active packaging market is projected to grow at a CAGR of 6.62% to reach a market size of US$31.924 billion in 2026 from US$20.386 billion in 2019. Active packaging is aimed at improving the performance of the package by infusing subsidiary constituents to the package (material or space). This emerging packaging system ensures that the food remains fresh and free from contamination and extends the shelf-life of the packaged food product.
Impact of COVID on the market
The active packaging market was severely affected by the pandemic. The lockdown conditions in various parts of the world affected global trade. The companies had to shut down their manufacturing units thereby disrupting the demand and supply chain. However, pharmaceutical packaging witnessed growth due to the spread of COVID-19. The growing demand for medicines to support the treatment of COVID-19 propelled the demand for pharmaceutical packaging. It is estimated that post COVID when the economic conditions are back to normal the growing demand from end-user industries will boost growth in the active packaging market.
The food industry is one of the largest end-user industries in the active packaging market. The advanced versions of active packaging materials release controlled quantities of ethanol into meat and bakery products that would help curb microbial growth in those food items. The choice of material used for active packaging depends on the type of food that is being preserved. For instance, in the case of cured meat, nuts and powdered milk reducing oxygen is beneficial. However, in the case of cheese, baked goods, fresh and processed meat, carbon dioxide has a positive impact. It helps imparts an antimicrobial effect to certain food items.
The Asia Pacific will witness significant market growth
The Asia Pacific region will witness lucrative growth in the forecast period. The growing demand for active packaging from the end-user industries will boost the demand in the region. Advancement in technology in the field of active packaging will make materials more affordable. China, Japan, and India are estimated to be some of the leading countries driving growth in the Asia Pacific region.
The North American region is a major shareholder in the active packaging market. Intensive research and development in the North American region have amplified growth in the active packaging market.
The major market players in the active packaging market are BASF SE, DuPont, Amcor Ltd., MicrobeGuard Corporation, Sealed Air Corporation, Dessicare Inc., Active Packaging, and Accutech Packaging. These companies are highly competitive and compete with each other on grounds of new product launches, agreeing to a partnership, or acquisition.
|Market size value in 2019||US$20.386 billion|
|Market size value in 2026||US$31.924 billion|
|Growth Rate||CAGR of 6.62% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Packaging Technology, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||BASF SE, DuPont, Amcor Ltd., MicrobeGuard Corporation, Sealed Air Corporation, Dessicare Inc., Active Packaging, Accutech Packaging|
|Customization scope||Free report customization with purchase.|
By Packaging Technology
Pharmaceuticals and Healthcare
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What is the size of active packaging market?
A1. Active packaging market was valued at US$20.386 billion in the year 2019.
Q2. What will be the active packaging market size by 2026?
A2. The active packaging market is projected to reach a market size of US$31.924 billion by 2026.
Q3. What are the growth prospects for the active packaging market?
A3. The global active packaging market is projected to grow at a CAGR of 6.62% over the forecast period.
Q4. What factors are anticipated to drive the active packaging market growth?
A4. The growing demand for packaged or ready-to-eat food is also growing the demand for the active packaging market.
Q5. Which region holds the largest market share in the active packaging market?
A5. The North American region is a major shareholder in the active packaging market.