Knowledge Sourcing Intelligence announces the publication of a new report on the Active Packaging Market from 2019 to 2026 to their offering.
According to the report, the Active Packaging Market is projected to increase at a CAGR of 6.62% over the forecast period.
Active packaging includes anything from the moisture reduction sachet and anti-microbial linings to physical shock indicators and allergen sensors. It is aimed to improve the performance of the package by infusing the package with subsidiary constitutes. This packaging system ensure the freshness of the food and that is free from the contamination. It is a modern method of packaging that involves the withdrawal or addition of certain liquid and gases within the food packages to extend their shelf life. According to the WRAP study, 60% of the household waste arise from the consumers not consuming edible food in proper time. But with a twofold approach of more effective labelling and branding, consumers can better understand the shelf life of the food and active packaging can allow the contents of the packaging to last longer.
Active packaging extends the shelf-life of the packaged food contents. The increase in the demand for the packaged and ready-to-eat food by the consumers especially due to the busy life is driving the market demand for the active packaging and this trend is expected to continue during the forecasted period. Active packaging can be available in the form of an absorbent sachet or can be incorporated with the packaging materials. However, the latter mode of the food preservation can be expensive but it being highly adopted by the packaging material providers. The packaging further provides greater transparency to enterprises and consumers. Active packaging can be designed to absorb gasses, liquidity and odors, in addition, it can control the humidity and maintain the right concentration of the gas and moisture within the packaged food items.
The active packaging market on the basis of application is segmented as Food, Beverages, Pharmaceuticals and Healthcare, Electronics Applications, Consumer Care and Others. Food is expected to hold the major share of the active packaging market. Rising in demand for the for the ready-to-eat and packaged food is driving the market demand of the active packaging. The food industry is the major consumer for the materials. Fresh farm produce and poultry are biologically active when packaged in the flexible packaging materials and they release gases due to the metabolism. The accumulated gas cause deterioration of the packaged food.
The active packaging is often used with technologically advanced systems, microelectronics, computer applications, and nanotechnology. It provides various advantages such as control of the moisture, corrosion, atmospheric, and temperature. AIMPLAS initiated the SafetySenseO2 project in 2020 to create a printed sensor capable of recognizing the presence of the oxygen in the packaging. The oxygen sensor provides information regarding the safety and quality of the food to customers to reduce the food poisoning risk.
The Active Packaging Market based on region is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions.
North America region is expected to hold the major share of the Active Packaging Market primarily due to the intensive research and development. PearlCBD operated by Origin Lab is selling its products March 2020 with intelligent labels which uses Near Field Communication technology (NFC) tag built into the label so that users can verify the product authenticity.
While Asia Pacific region is projected to witness the fastest CAGR during the forecasted period on account of rising demand from the end-user. The high level of counterfeit infant formula found in China was a significant concern for the players supplying authentic and carefully regulated products. In addition, the advancement in technology is making the materials more affordable and thus, boosting the market growth of the active packaging in the region. In 2019, the AIPIA China Summit identified the several Chinese manufacturing industries of active and intelligent packaging technologies benefits. The program to designed to showcase China’s smart packaging requirement and how various innovations can provide real value to the packaging industry. In India, approximately 40% of the food is lost before it reaches the market as most of it traps the moisture deteriorates the food. This proved the requirement for the active packaging.
As a part of the report, the major players operating in the Active Packaging Market, which have been covered are BASF SE, DuPont, Amcor Ltd., MicrobeGuard Corporation, Sealed Air Corporation, Dessicare Inc., Active Packaging, Accutech Packaging.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/active-packaging-market
This report segmented the Active Packaging Market on the basis following terms