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According to MRFR analysis, the global Active & Intelligent Packaging Market is expected to register a CAGR of 9.03% from 2022 to 2030 and hold a value of over USD 51.23 Billion by 2030.
A product’s quality and shelf life are maintained by adding specific additives to the packaging systems, a practice known as active packaging. While being transported and stored, packaged food is monitored by intelligent packaging systems, which provide information about the quality of the food. Therefore, using active & intelligent packaging helps increase safety & convenience, monitor freshness, provide quality information, and extend shelf life. In addition to other product categories, food and pharmaceuticals utilize active and intelligent packaging. The packaged food industry’s expansion and convenience shops’ rising usage of active and intelligent packaging are two elements that are fueling the growth.
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Regional Analysis
The region had the largest market share, and it is anticipated that it will continue to rule over the projection period. Due to the growing need for sustainable packaging options and strict government restrictions surrounding the packaging of food, beverage, and pharmaceutical items, Europe is the second-largest area in the active and intelligent packaging market. South America and the Middle East & Africa now make up the entirety of the remainder of the planet. The key drivers of the development are the rising need for interactive and intelligent packaging technologies, the increased use of cutting-edge technologies like IoT and AI, and the rising need to preserve the product quality of food and beverage, pharmaceutical, and personal care products.
Market Segmentation
The Global Active & Intelligent Packaging market has been segmented into Technology and Application.
Based on the Technology, the market has been segmented into Oxygen scavengers, Moisture absorbers, Shelf Life sensing, and Temperature indicators.
Based on the Application, the market has been segmented into Food and beverages, Healthcare, and Personal care.
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Key Players
Some of the key market players are Amcor Limited, Ampacet Corporation, Ball Corporation, Bemis Company, Constar International Inc, Crown Holdings Incorporated, W.R. Grace and Company, Graham Packaging Company Inc, Klockner Pentaplast, and Landec Corporation.
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