Global “Active Packaging Market” Size and Growth Outlook till 2024-2032

  • Apr 25, 2024
  • | 16

The global active packaging market size was USD 14.53 billion in 2022. The market is projected to expand from USD 15.21 billion in 2023 to USD 22.00 billion in 2030, exhibiting a CAGR of 5.4% over the estimated period. The rise can be attributed to the growing deployment of various technologies such as gas emitter, water vapor elimination, ethanol release, carbon dioxide discharge, ethylene scavenging, and others. Fortune Business Insights™ provides this information in its research report, titled “Active Packaging Market, 2024-2030”. 

Segments:

Gas Scavenger/Emitter Segment to Emerge Prominent Driven by Increasing Technology Adoption

Based on packaging technology, the market is subdivided into moisture absorber, antimicrobial agent, microwave susceptor, gas scavenger/emitter, and others. The gas scavenger/emitter segment is anticipated to register substantial growth throughout the forecast period. The surge is on account of the escalating popularity of the technology for packaging numerous products.

Food & Beverages Segment to Gain Traction Driven by Surging Demand for Easy-to-use Packaging Products

On the basis of end-user, the market is fragmented into food & beverages, shipping & logistics, automotive, pharmaceutical, electronics and electrical, agriculture, personal care & cosmetics, and others. Of these, the food & beverages segment is slated to expand at an appreciable pace over the forthcoming years. The rise is driven by the escalating product usage for packaging beverages, confectionary, and ready-to-eat products.

Based on geography, the market for active packaging is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Report Coverage:

The report gives an insight into the key factors impelling the industry expansion over the forecast period. It further delves into the vital factors influencing the market growth throughout the projected period. Some of the other aspects of the report comprise the key steps taken by leading market players for strengthening their industry position.

Types of Active Packaging:

Active packaging encompasses various technologies that interact with the food or its environment to enhance its quality and safety. Some of the most common types include:

  • Oxygen Scavengers: These absorb excess oxygen within the package, slowing down oxidation and preserving freshness, particularly for products like meat and nuts.

  • Moisture Absorbers: These control moisture levels within the package, preventing spoilage caused by condensation or excess moisture, often used for bakery items and hygroscopic products.

  • Antimicrobial Packaging: This incorporates antimicrobials into the packaging material to inhibit the growth of harmful bacteria, mold, and fungi.

  • Shelf-Life Sensing Technology: These intelligent systems monitor factors like temperature and gas composition within the package, providing an indication of remaining shelf life.

Applications and End-Use Industries:

The primary application for active packaging lies in the food and beverage industry. However, its reach is expanding into other sectors like:

  • Healthcare and Pharmaceuticals: Active packaging can ensure the stability and potency of medicines during storage and transportation.

  • Personal Care: These technologies can help maintain the efficacy and shelf life of cosmetics and personal hygiene products.

Source- https://www.fortunebusinessinsights.com/active-packaging-market-105236 

Drivers and Restraints:

Market Share to Rise Driven by Changing Lifestyle Across Numerous Regions

One of the key factors propelling the active packaging market growth is the changing lifestyle and expanding urban population. This has further impelled the demand for packaged, frozen, and prepared foods.  

However, the industry expansion could be hindered due to the increasing production costs.

Regional Insights:

North America to Emerge as Leading Region Driven by Growing Packaging Sector

The North America active packaging market share is slated to record appreciable expansion throughout the analysis period. The surge can be credited to the expanding packaging sector in the region.

The Europe market is expected to expand at a commendable rate throughout the projected period. The rise can be attributed to the increasing active packaging demand in the region.

Competitive Landscape:

Major Market Participants Ink Merger Agreements to Expand Geographical Footprint

Key active packaging companies are focused on a range of strategic initiatives such as merger agreements and acquisitions for strengthening their industry position. Some of the additional steps include the development and launch of new products and increasing participation in trade conferences.  

Key Industry Development:

November 2022 – 3M Thinsulate helped Watson Gloves with its eco-evolution. The latter announced the transition of its Thinsulate insulation gloves to Thinsulate Type EC, comprising 78% fibers developed from recycled plastic water bottles.  

List of Key Players Mentioned in the Report:

Amcor Plc (Switzerland), Avery Dennison (U.S.), 3M (U.S.), Grace and Company (U.S.), Ampacet Corporation (Thailand), Accutech Packaging (U.S.), AIMPLAS Inc (Spain), Amelco Desiccants Inc. (Philippines), BASF SE & DUPONT (Germany), Graham Packaging Company (U.S.), Aptar Group Inc (U.S.), Amerplast Ltd (Finland), MicrobeGuard Corporation (U.S.)

Future Outlook:

The active packaging market is brimming with potential. Advancements in bio-based materials, integration with sensor technology, and the development of new functionalities will continue to propel market growth. As consumer preferences for fresh, safe, and sustainable products evolve, active packaging is well-positioned to become an indispensable facet of the global packaging landscape.