The Active, Smart and Intelligent Packaging Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Active, Smart and Intelligent Packaging Market is estimated to be USD 30.3 billion in 2016 and predicted to rise to USD 42.1 billion by 2021 with a CAGR of 6.82%. The market is segmented by Application (Frozen processed food, Chilled processed food, Dried processed food, Dairy, Packaged food, Meat and poultry, Sea food), and by Technology (Active Packaging, Modified atmosphere packaging, Intelligent Packaging). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Global advanced packaging technology market is witnessing an over-all high growth due to the ever-increasing demand for convenience food, growing health awareness among consumers, food wastage, and manufacturers’ concern for longer shelf life of the food products and supply chain inefficiencies are the other factors fueling the growth of the market. Furthermore, the consumers’ confidence with regards to packaged food, threat from bioterrorism and organized food safety regulations are among major restraints.
The Modified atmosphere packaging market accounted for the highest revenue in 2016 while Active and smart packaging technology is expected to grow at the fastest rate. The Active packaging market held the second highest market share, with the overall market share of over 35% globally. Asia Pacific holds the largest market share globally, due to its humongous population, and is predicted to grow at a rapid pace in the coming few years.
Some of the major companies dominating the market, by their products and services include Multisorb Technologies, Ball Corporation, Sealed Air Corporation, Amcor limited, Eastman Chemical Company, Timestrip PLC, Paksense Incorporated, M&G USA Corporation and Sysco Corporation.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-active-smart-and-intelligent-packaging-market-2374/” and checkout our recent reports in the Processed category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/processed-food-15/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.