Top 8 companies in Active Smart and Intelligent Packaging Market
Active Smart and Intelligent Packaging Market Expected to Reach USD 29.45 Billion by 2028
According to Vantage market research latest study, Active Smart and Intelligent Packaging Market is projected to reach USD 29.45 Billion, growing at a CAGR of 6.2% during forecast period 2021 to 2028.
In today's food industry, the package of a product is as important as its contents. Smart and Intelligent packaging is getting attention in many ways by which it is transforming the consumer product packing industry and the packaging industry as a whole. Smart and Intelligent packaging refers to emerging technologies within the packaging industry that enhance consumer and commercial utility.
The growth of the Active smart and intelligent packaging market is supported by the growing proportion of older people and changes in consumer lifestyle, increasing demand for advanced packaging solutions from the food processing and pharmaceutical sector, increasing consumer concern for reduction of food wastage and demand for smart and functional packaging. , Further, growing e-commerce market in emerging economies including India and China and rising industrialization, coupled with strong demand for better logistics and supply chain management, is likely to drive the industry over the forecast period. However, the high cost and reluctance of brand owners to pay the additional cost of Active smart intelligent packaging is expected to hinder the growth of this market to some extent.
Key Points of Active, Smart and Intelligent Packaging Market:
The plastics segment is anticipated to expand at a significant CAGR over the forecast period due to increasing global trade practices leading to increased adoption of specialty packaging for fruits and vegetables, meat and frozen products across the globe.
The food and beverage segment had a substantial market share in 2021. This share is due to increasingly stricter food safety policies across the globe and consumer demand to preserve colour, taste and shelf life in packaged food has driven the market.
Asia Pacific is expected to grow at the fastest CAGR from 2022 to 2028. This boom is attributed to the growing demand for active, smart and intelligent packaging in developing economies such as China and India.
Following are the Top 10 leading companies in the Active, Smart and Intelligent Packaging Market
- Amcor Plc
- Avery Dennison Corporation
- International Paper
- BASF SE
- Sealed Air Corporation
- Thin Film Electronics ASA
- Smartrac N.V.
3M is engaged in the development, manufacturing and marketing of a variety of products for the Automotive, Commercial Solutions, Communications, Consumer, Design & Construction, Electronics, Energy, Health Care, Manufacturing, Packaging, Mining, Oil & Gas, Security and Transportation markets. The company operates through four business segments: Security and Industrial; transportation and electronics; Health care; consumer. The company provides a control inhaler for the food and healthcare industry. The company also develops time and temperature monitoring equipment.
With corporate operations in 70 countries, the company has a geographic presence in North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. As of December 2019, the company had a workforce of 96,163.
Amcor plc is engaged in the development and production of responsible packaging for food, beverage, pharmaceutical, medical, home, personal care, and other products. On June 11, 2019, Amcor acquired Bemis, which is engaged in the manufacture and sale of packaging products. The company offers flexible packaging, specialty cartons, plastic bottles and jars, and capsule and closure solutions. The company offers Active Packaging and Intelligent Packaging.
With 250 sites in over 40 countries, the company has a geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Avery Dennison Corporation is engaged in the design and manufacture of various labeling and functional materials. The company provides printing and industry solutions for a variety of industries: retail, food, manufacturing, logistics and automotive. The company operates through eleven business segments: Label and Packaging Materials, Graphics Solutions, Reflective Solutions, Digital Ink Solutions, Apparel Solutions, Intelligent Labels, Printer Solutions, Display Tapes, Fastener Solutions, Avery Dennison Medical, and Performance Polymers. The company offers products, such as pressure-sensitive materials for label and graphic applications; Tape and other bonding solutions for industrial, medical and retail applications; Tags, labels and embellishments for apparel; and radio-frequency identification (RFID) solutions. The company provides RFID solutions for smart packaging and labeling.
With operations in over 100 countries, the company has a geographic presence in North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
International Paper is engaged in the production of fiber based packaging, pulp and paper. The company operates primarily through three business segments: Industrial Packaging, Global Cellulose Fiber and Papers. The company provides high quality coated paperboard for consumer packaging through industrial packaging. The company also sells its uncoated paper under the Hammermill, Springhill, Williamsburg, Postmark, Accent, Great White, Chemex, Ballet, Ray, Pole and Sweatcopy brands. The company provides RFID technology for intelligent packaging. The company sells its products directly to end users and converters as well as through agents, resellers and paper distributors.
With over 25,000 customers in 150 countries, the company has a geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
BASF SE is engaged in the production and marketing of chemical and agricultural products. The company primarily operates through seven business segments: Chemicals, Materials, Industrial Solutions, Surface Technology, Nutrition & Care, Agricultural Solutions and others. The company provides its products, solutions and services to a variety of industries, such as the chemical, automotive and transportation, construction, energy and resources, nutrition, pharmaceuticals, agriculture, oil, plastics, electrical, electronics, furniture and paper industries. It also offers its products and solutions for modified atmosphere packaging (MAP), intelligent packaging and active packaging.
With six Verband sites as well as 361 additional production sites in more than 90 countries, the company has a geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Sealed Air Corporation manufactures packaging and performance-based material and equipment systems that serve food, industrial, medical and consumer applications. The company offers its solutions for a variety of industries: construction, e-commerce, electronics, food retail, medical and pharmaceutical, and transportation. The company operates in two business segments: Food Care and Product Care. The Food Care segment provides packaging materials and solutions for food safety, shelf life and operational efficiency. The product care segment provides foam, corrugated, molded pulp and wood packaging solutions for the e-commerce, electronics, transportation and industrial markets. The company offers its solutions for active packaging systems to increase shelf life, maximize flavor and color of the product, and minimize confinement odors.
With 56 laboratories and research facilities, 95 manufacturing facilities and 5 packaging development and innovation centers in 124 countries, the company has a geographic presence in North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
Thin Film Electronics ASA is engaged in the development and commercialization of printed electronics and smart systems. The company provides NFC mobile marketing and smart-packaging solutions using printed electronics technology. The company also offers its products to the wine and spirits, health and wellness and cosmetics industries. The company provides printed tags, labels and systems that include sensors and wireless communications.
The company has a geographical presence in North America, Europe and Asia-Pacific.
Established in 2000 and headquartered in Amsterdam, Netherlands; Smartrac N.V. is engaged in development, manufacturing and supply of Radio Frequency Identification (RFID) and NFC Transponders and Inlays. The company offers its products for a variety of applications in the automotive industry, aviation, electronics and gaming, industrial applications, healthcare, animal identification, automated vehicle ID systems, car access, retail, and wine and spirits. The company offers NFC tags and sensors for intelligent packaging. The company also produces metal packages with NFC tags.
The company operates as a subsidiary of Oep Technology B.V. With manufacturing sites in the US, Germany, Malaysia and China, the company has its geographical presence in North America, Europe and Asia-Pacific.
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