DUBLIN--(BUSINESS WIRE)--The "Global Active and Intelligent Packaging Market - Segmented by Class (I, II, III), Zone (0, 1, 2), Application (Frozen Food, Packaged Food, Dairy Products), and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The active and intelligent packaging market was valued at USD 17.48 billion in 2017, and it is expected to reach a value of USD 28 billion by 2023, at a CAGR of 8.17% during the forecast period 2018-2023.
Increasing awareness about food-borne diseases and increasing demand for fresh and quality packaged food, consumer convenience and manufacturers' concern for longer shelf-life of the food products is driving the market for global active and smart packaging technology for food and beverage market.
Owing to the ever-growing urban population and changing lifestyle trends, the demand for ready-to-eat, frozen, and packaged food is increasing extensively across the globe. The supply of frozen foods, meat products, vegetables, and fruits is surpassing boundaries, thus giving regional markets a global exposure. Moreover, with the retail industry propelling at a rapid pace, the need for attractive and advanced packaging is also increasing.
Further, increase in counterfeit products in developing countries has also compelled companies to use technologies like RFID during packaging. All these factors account for a significant rise in the demand for active and intelligent packaging.
However, factors such as higher costs of installation and implementation and security issues concerned with these systems are hindering the growth of the market.
Key Topics Covered
2. Research Approach and Methodology
3. Market Insights
4. Technology Snapshot
5. Global Active and Intelligent Packaging Market Segmentation
6. Competitive Intelligence - Company Profiles
- Amcor Ltd
- BASF SE
- Ball Corporation (Rexam PLC)
- Bemis Company Inc.
- Crown Holdings Inc.
- Dessicare Inc.
- Fresh Point Holdings
- Graphic Packaging
- Honeywell International Inc.
- Landec Corporation
- PFF Packaging (Intelligent Packaging Solutions Ltd)
- Sonoco LP
- Timestrip UK Ltd
- VIP Packaging
- WestRock Company (MeadWestvaco Corporation)
7. Investment Analysis
8. Outlook of Active and Intelligent Packaging Market
For more information about this report visit https://www.researchandmarkets.com/research/5b49jk/global_active_and?w=4