The global next generation packaging market is anticipated to grow significantly during the forecast period owing mainly to increasing ageing population, advancements in packaging material and rising need for a sustainable packaging technique.
Moreover, the trend that follows with the growth of the next generation packaging market includes increasing research and development spending on packaging technology, growing adoption of QR codes on packaging and development of advanced sensors.
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Active Packaging Segment to Gain Traction through 2025
The active packaging segment has further sub-segmented into gas scavengers, antimicrobial, gas emitters, and ‘others’.
Among these, gas scavengers is the largest segment, accounting for US$ 5.57 Mn in 2015; FMI forecasts it to expand at 6.5% CAGR during the forecast period 2015-2025 to reach a valuation of US$ 10.46 Bn by 2025. In terms of highest growth, antimicrobials is forecasted to expand at 6.96% CAGR through 2025.
Oxygen scavengers extend the product life by removing leftover oxygen from closed packets. Due to this, gas scavengers is widely used in the next generation packaging industry.
Growing demand for active packaging for automated packaging lines, sacks, bags, and quad packs in industrial packaging is fuelling the demand for active packaging.
The key restraints for adoption of active packaging are limited commercial applications of antimicrobial packaging and low awareness about the benefits of active packaging in developing countries.
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Use of RFID Tags a Key Trend in Intelligent Packaging
The intelligent packaging segment is expected to expand at a high single-digit CAGR during the forecast period 2015-2025. FMI has segmented the intelligent packaging segment into indicators, tags, and sensors.
Among these, indicators account for the largest market value share currently; FMI expects indicators to remain the largest sub-segment during the forecast period 2015-2025. The sensors sub-segment is expected to expand at the highest CAGR through 2025.
Adoption of RFID technology is a growing trend in the intelligent packaging sector. The adoption of ‘track and trace feature’ of RFID tags is growing in end use applications, such as food and beverages, pharmaceuticals, transportation, logistics, and packaging. Furthermore, key players in the intelligent packaging market are focusing on R&D to offer innovative solutions to end users.
Modified atmosphere packaging is expected to witness sluggish growth during the forecast period, owing to widespread adoption of active packaging and intelligent packaging.
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Key Segments Covered
- By Packaging Type
- Active Packaging
- Gas Scavengers
- Gas Emitters
- Others (Moisture & Corrosion Control)
- Intelligent Packaging
- Modified Atmosphere Packaging
- Active Packaging
- By Application
- Food & Beverages
- Healthcare & Pharmaceuticals
- Personal Care
- Logistics & Supply Chain
- Others (Automotive & Industrial)
Key Regions/Countries Covered
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia-Pacific Excluding Japan (APEJ)
- Middle East & Africa