The North America Active, Smart And Intelligent Packaging Market was valued at US$ XX billion in 2022 and is predicted to grow at US$ XX billion by 2028 with an increasing CAGR of XX% during 2023-2028.
Food, medicine, and a variety of other products use active, smart, and intelligent packaging methods. It aids in the extension of shelf life, the regulation of freshness, the presentation of high-quality information, the enhancement of safety, and the enhancement of user comfort. This includes the capacity to measure or detect product functionality, the transit environment, or the atmosphere within the packaging, all of which aid in the prevention of food spoiling. These technologies also improve product qualities such as flavor, taste, and scent, assure seal integrity, and actively track the environment and product changes, as well as test package authenticity. Packaging manufacturers utilize it to keep their products' nutritional value and freshness at a low cost. Traditional packaging methods, such as canning, are being replaced by novel technologies such as smart active packaging and changing atmosphere packaging. Supply chain management, premium pricing, waste minimization, and trademark protection are all aided by it.
Advanced transportation infrastructures accessible around the world are fueling the growth of the North America Active, Smart, and Intelligent Packaging market. The increased requirement for promotional, advertising, marketing, branding, and promotional activities in the consumer goods, food and beverage, and pharmaceutical industries is driving up demand for this type of packaging. Furthermore, the massive necessity to lengthen the shelf life of food will bolster the company's growth and scope. Furthermore, Active, Smart, and Intelligent Packaging facilitates bulk transportation. The food business is a crucial growth engine for the North American market, especially when it is at its peak. The retail industry is booming, and Active, Smart, and Intelligent packaging is in high demand. Product packaging ensures that goods reach their intended recipients securely. Smart packaging and modified atmosphere packaging are two technologies that are being studied as alternatives to the canned method. Advanced packaging interacts with the product's internal and external settings to improve its visual appeal. Furthermore, the North America Active, Smart, and Intelligent Packaging Market facilitates bulk shipping. As a result, consumer awareness of food-borne illness is growing, demand for fresh, high-quality packaged food is increasing, and manufacturers' interest in consumer comfort and long shelf life for the food and beverage market to lead this company is growing.
Active, Smart, and Intelligent Packaging is a combination of modified and smart active-standby packaging processes designed to extend and control shelf life. Furthermore, due to the increased counterfeiting of items on the market, the corporation favors innovative packaging. Because of its capacity to improve the visual look of your items, advanced marketing is strengthening and replacing traditional packaging technologies. Manufacturers' interest in fulfilling and exceeding their customers' expectations has expanded as demand for packaged foods, ready-to-cook foods, improved quality, and freshness has increased, resulting in increased investment in high-end packaging. The North America market for active and smart packaging is expanding at a rapid pace. With the advancement of printed electronics, the cost of intelligent, active packaging is decreasing and the possibilities of intelligent, active packaging is expanding.
Because so much money has been invested in research and development of improved products, the high cost of implementation will limit North America active, smart and intelligent market expansion. To address this issue, major corporations concentrate on low-cost product creation and high-quality service delivery. The market's expansion is hampered by the detrimental impacts of packing materials and the high cost of testing.
The food industry accounts for more than 51% of all advanced packaging solutions and is the primary driver of market growth. By 2027, the North America market for active, smart, and intelligent packaging technologies for packaged food is predicted to surpass USD 21 billion.
Based on technology, active packaging is anticipated to dominate the North America active, smart and intelligent packaging market during the forecast period. The quality of the packaged content is inextricably linked to the concept of active packaging. Active packaging interacts with the packaged product directly since it is in direct contact with it and can interact chemically or biologically with it.
Certain components are put into packaging to improve the product's shelf life and maintain the product's quality by releasing or absorbing from or into the packed substance. Active packaging is the name given to this method. Various technologies, such as oxygen scavengers, microwave susceptors, odor absorbers/emitters, moisture/humidity absorbers, and anti-microbial packaging, are employed for this purpose.
Geographically the North America Active, Smart And Intelligent Packaging Market is segmented into US, Canada and Rest of North America.
North America is the largest market, accounting for nearly 35% of overall market share. Strict food and beverage packaging regulations have created demand for innovative technologies in the region. Because of rising consumer knowledge and demand for sustainable packaging technologies in the U.S and Canada, the North America region tends to hold the largest market share. The North America market for active and smart packaging is expanding at a rapid pace. With the advancement of printed electronics, the cost of intelligent, active packaging is decreasing and the possibilities of intelligent, active packaging is expanding.
With the latest COVID 19 outbreak, active and intelligent packaging makers have been inundated with a slew of concerns that are only expected to last a few weeks. Supply chain interruptions, a scarcity of raw materials required in the manufacturing process, workforce shortages, fluctuating pricing that could lead the final product's production to inflate and go over budget, and shipping issues are some of the repercussions of the lockdown.
Key Players listed in the Market:
Major Key Players in the North America Active, Smart And Intelligent Packaging Market are
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