Active And Intelligent Packaging Market Will Cross USD 23.76 Billion Mark By 2023

Global Active & Intelligent Packaging Market revolves around the market analysis and prediction on a regional as well as global.

 Market Research Future published a raw research report on Global Active & Intelligent Packaging Market that contains the information from 2014 to 2023. Global Active & Intelligent Packaging Market is expected to grow at CAGR ~6.44% from 2017 to 2023.

Taste the market data and market information presented through more than 55 market data tables and 45 figures spread in 111 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Active & Intelligent Packaging Market Information from 2014 to 2023."

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The active packaging technology, such as gas scavenger and moisture control packaging, is predominantly used in the food & beverages and healthcare sector. Furthermore, it is used in the intelligent packaging solutions such as time-temperature indicator, gas indicator, RFID & barcode, and NFC. This technology, essentially, drives the scope and demand due to it’s a wide range of applications such as automotive and personal care.

Evolution of packaging is one of the major driving factors of the global market. The role of packaging has developed to protect aesthetics, anti-counterfeiting features, and environmental sustainability. The global smart packaging market has witnessed the fastest growth in the food & beverage sector due to the stringent food safety policies across the globe. The demand for solutions to retain color, taste and shelf life in the packaged foods has driven the market growth to some extent.

North America is dominating the global active & intelligent packaging market. The region has witnessed increased investments in the R&D and product innovation as far as the packaging is concerned. Additionally, stringent food safety policies drive the demand for active & intelligent packaging in the food & beverage sector.

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Growing demand from pharmaceutical industry

The stringent regulation, innovation, and quality dominate the market. These regulations increase sustainability and use of environmental-friendly materials while responding to the multiplying opportunities presented by the globalization, making packaging more crucial than ever. Legislative changes, new drugs, and advances in technology need suitable changes in the packaging. It can also provide valuable information about expiry dates, composition, and dosages to patients, pharmacists, and healthcare professionals.

Increasing disposable income and government commitments for providing basic health facilities is expected to drive the pharmaceutical market growth and increase the investment in the packaging sector. According to IMS Market prognosis, the U.S. dominated the market in terms of per capita pharmaceutical spending in 2016, followed by Japan and Canada.

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We recognized some of the key players in the global active & intelligent packaging market: Amcor Limited (Australia), Ampacet Corporation (U.S.), Ball Corporation (U.S.), Bemis Company, Inc. (U.S.), Constar International Inc.(U.S.), Crown Holdings Incorporated (U.S.), W.R. Grace and Company (U.S.), Graham Packaging Company Inc.(U.S.), Klockner Pentaplast (Subsidiary Of Blackstone Group) (U.S.), Landec Corporation (U.K.), Mitsubishi Gas Chemical Company (Japan), and Rexam plc. (U.K.)

For Press Release, Click @ https://www.marketwatch.com/press-release/active-and-intelligent-packaging-market-2019-global-analysis-industry-size-share-leaders-current-status-by-major-key-vendors-and-trends-by-forecast-to-2023-2019-02-20