Active Packaging Market

Active Packaging Market

Growth Factors of Active Packaging Market

The active packaging market size was valued at USD 15.21 billion in 2023, and the market is now projected to grow from USD 15.95 billion in 2024 to USD 24.74 billion by 2032, exhibiting a CAGR of 5.64% during the forecast period of 2023-2032.

Since stopping the coronavirus outbreak took precedence over non-life-threatening surgeries, unlike COVID, the COVID-19 pandemic posed serious obstacles for surgical elective procedures. The covid pandemic caused a slowdown in market expansion due to a lack of industrial operations, a halt to advertising campaigns, the execution of government policies, investments in projects, and other measures. Demand patterns were upset by the COVID-19 pandemic, which had a big effect on the market.

The global shift in lifestyle is expected to propel market expansion during projected period. The need for packaged, frozen, and prepared foods has significantly increased as a result of the population's rising urbanization and shifting lifestyle preferences. There is a growing consumer demand for safe and healthful foods, meat, frozen goods, and extremely unusual produce. It creates a demand for active packaging, which propels the expansion of the market. Global active packaging market growth is also expected to be aided by the ongoing transition from conventional to smart packaging solutions, such as active and intelligent packaging, which guarantee the protection of both internal and external elements.

Innovations in bio-based active packaging to drive industry development during projected period. Because more biodegradable and biobased polymers are being used, the market share is rising. Utilizing pullulan for fruits and vegetables is one example of how bio-based active packaging is evolving, and this trend is becoming increasingly important for market expansion. A microbial polysaccharide glucan gum that dissolves in water is called pullulan. It is made aerobically with a non-toxic, biodegradable fungus. Its extensive application in the food, chemical, and pharmaceutical industries has given it current popularity. Pullulan's various oxygen barrier and film-forming properties make it appropriate for functional biomolecules, which fuels the expansion of the global market.

Comprehensive Analysis of Active Packaging Market

The active packaging market and packaging industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by packaging technology and by end users. The types of packaging technology segmentations include, Gas Scavenger/Emitter, Antimicrobial Agent, Moisture Absorber, Microwave Susceptor, and Others, and by End-user packaging technology Food & Beverages, Pharmaceutical, Electronics and Electrical, Automotive, Agriculture, Personal Care & Cosmetics, Shipping & Logistics, and Others.

The North America region lead the active packaging market by benefitting a market size of USD 5.88 billion in 2023 due to the active packaging sector is expanding quickly, and major manufacturers are quickly switching from traditional to smart wrapping techniques.

The top players in the market play a crucial role in the packaging industry assuring industrial prospectus growth and setting market standards. These players include, Amcor Plc (Switzerland), Avery Dennison (U.S.), 3M (U.S.), R. 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) and MicrobeGuard Corporation (U.S.) these market players provide a level-playing competitive landscape.

In November 2022, Aptar Pharma as signed a deal with TFF Pharmaceuticals, Inc. to create and market cutting-edge pharmaceutical products built on its proprietary Thin Film Freezing technology platform.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.64% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Packaging Technology

• Gas Scavenger/Emitter
• Antimicrobial Agent
• Moisture Absorber
• Microwave Susceptor
• Others

By End-user

• Food & Beverages
• Pharmaceuticals
• Electronics and Electrical
• Personal Care & Cosmetics
• Agriculture
• Automotive
• Shipping & Logistics
• Others

By Region

• North America (By Packaging Technology, By End-user, and By Country)
• U.S. (By End-user)
• Canada (By End-user)
• Europe (By Packaging Technology, By End-user, and By Country)
• Germany (By End-user)
• France (By End-user)
• U.K. (By End-user)
• Italy (By End-user)
• Spain (By End-user)
• Russia (By End-user)
• Rest of Europe (By End-user)
• Asia Pacific (By Packaging Technology, By End-user, and By Country)
• China (By End-user)
• India (By End-user)
• Japan (By End-user)
• Australia (By End-user)
• Southeast Asia (By End-user)
• Rest of Asia Pacific (By End-user)
• Latin America (By Packaging Technology, By End-user, and By Country)
• Brazil (By End-user)
• Mexico (By End-user)
• Rest of Latin America (By End-user)
• Middle East & Africa (By Packaging Technology, By End-user, and By Country)
• GCC (By End-user)
• South Africa (By End-user)
• Rest of the Middle East & Africa (By End-user)

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