Introduction
Packaging has come a long way from simply being a means to contain products. It has evolved into a dynamic field, offering much more than just protection. Active, Smart, and Intelligent Packaging (ASIP) is at the forefront of this evolution, revolutionizing how we package and interact with products.
What is Active, Smart, and Intelligent Packaging Market?
Active, Smart, and Intelligent Packaging, often abbreviated as ASIP, refers to a class of packaging systems designed to go beyond the traditional role of containment. These packages actively engage with the contents or the environment in which they are placed, making them far more than passive carriers.
With an estimated value of US$ 27.1 billion in 2022, the Global Active, Smart, and Intelligent Packaging Market is forecasted to witness remarkable growth, projecting a notable compound annual growth rate (CAGR) of 9.8% from 2022 to 2027. By 2027, the market is anticipated to reach a valuation of US$ 43.3 billion, unveiling a world of innovative packaging solutions.
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The Market Landscape: Current Trends and Growth Projections
The Active, Smart, and Intelligent Packaging Market is experiencing robust growth due to its immense potential in various industries. Let’s explore the current trends and future growth projections.
Growing Demand for Fresh and Convenience Foods
With the rise in health consciousness and busy lifestyles, consumers are gravitating towards fresh and convenient food options. Active packaging, with its ability to extend the shelf life of perishable items, is becoming increasingly popular among food producers and retailers.
Sustainable Packaging Solutions
The global call for eco-friendly practices has permeated the packaging industry as well. Intelligent packaging solutions are being designed with sustainability in mind, utilizing recyclable materials and reducing waste. This focus on sustainability is driving the adoption of intelligent packaging in various sectors.
E-commerce Boom and Last-Mile Delivery
The e-commerce industry has witnessed an unprecedented surge, and this trend has highlighted the significance of efficient last-mile delivery. Smart packaging with tracking capabilities allows companies to optimize their logistics and provide customers with real-time delivery updates.
Healthcare and Pharmaceuticals Applications
Active and intelligent packaging are gaining traction in the healthcare and pharmaceutical sectors. From temperature-sensitive drugs to medical devices, these advanced packaging solutions ensure the safety and efficacy of healthcare products throughout their journey from manufacturer to end-user.
Technological Advancements Driving Innovation
The constant evolution of sensor technologies, data analytics, and communication protocols is fuelling the innovation in the active, smart, and intelligent packaging industry. These advancements are unlocking new possibilities and applications in various markets.
Global Active, Smart, and Intelligent Packaging Market: Competitive Intelligence
The report profiles some of the leading players in the global active, smart, and intelligent packaging market the likes of
- PakSense, Inc.,
- Landec Corporation,
- Sealed Air Corporation,
- Bemis Company, Inc.,
- Crown Holdings, Inc.,
- Amcor Limited,
- 3M Company,
- Timestrip UK Ltd.,
- Cryolog S.A.,
- Vitsab International AB,
- Varcode, Ltd.,
- LCR Hallcrest LLC,
- Thin Film Electronics ASA,
- CCL Industries Inc.,
- Temptime Corporation,
- Multisorb Technologies, Inc., and
- Coveris Holdings S.A.
Applications of Active, Smart, and Intelligent Packaging
The diverse applications of active, smart, and intelligent packaging solutions have transformed various industries. Let’s explore some of the prominent applications:
Food and Beverage Industry
In the food and beverage sector, active packaging is used to extend the shelf life of perishable products, reducing food waste and ensuring product quality. Smart packaging helps in monitoring freshness, while intelligent packaging aids in inventory management and supply chain optimization.
Pharmaceuticals and Healthcare
In the pharmaceutical and healthcare sectors, active packaging ensures the stability and efficacy of drugs, vaccines, and medical devices. Smart packaging with temperature monitoring is critical for temperature-sensitive medications, ensuring they remain within the required range during transportation and storage.
Consumer Electronics and Gadgets
Smart and intelligent packaging play a crucial role in the electronics industry, protecting fragile devices during shipping and handling. Additionally, they may include interactive features, such as user guides or warranty registration through NFC or QR codes.
Personal Care and Cosmetics
Active packaging is widely used in the personal care and cosmetics industry to preserve the effectiveness of skincare products and prevent spoilage. Smart packaging, with embedded sensors, can provide personalized skincare recommendations based on the user’s skin condition.
Automotive and Industrial Applications
In the automotive and industrial sectors, active packaging is employed to protect delicate parts and components during shipping. Smart packaging with RFID tags allows efficient inventory management, ensuring timely availability of parts.
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Global Active, Smart And Intelligent Packaging Market By Category
By Packaging Type :
- Active Packaging
- Oxygen Scavenging Sachets
- Modified Atmosphere Packaging (MAP)
- Smart & Intelligent Packaging
- Time & Temperature Indicator (TTI) Labels
- Freshness Indicators
- Radio Frequency Identification (RFID) Tags
By Application :
- Food & Beverage
- Meat, Poultry & Seafood
- Fruits & Vegetables
- Dairy Products
- Bakery & Confectionary
- Processed Food
- Others
- Pharmaceuticals
- Cosmetics
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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