Active Packaging Market Forecasts to 2028 – Global Analysis By Type (Time Temperature Indicator, Oxygen Scavenger and Other Types), Application (Healthcare, Personal Care and Other Applications) and By Geography
According to Stratistics MRC, the Global Active Packaging Market is accounted for $14.53 billion in 2022 and is expected to reach $22.29 billion by 2028 growing at a CAGR of 7.4% during the forecast period. Active packaging is the practise of incorporating certain additives into the packaging systems to preserve a product's quality and shelf life. Intelligent packaging technologies keep an eye on packed food as it is being moved and stored and provide information about the quality of the food. In order to improve safety and convenience, monitor freshness, offer information on quality, and extend shelf life, active packaging is used.
According to the European Federation of Pharmaceutical Industries and Association, more than 1.18 billion vaccinations are produced in the area annually, with Germany leading the way in pharmaceutical supply development.
Market Dynamics:Driver: Change in lifestyle across the globe
The demand for packaged, frozen, and prepared foods has significantly increased as a result of urban population growth that is happening quickly and shifting lifestyle preferences. There has been an upsurge in consumer demand for extremely exotic vegetables, meat, frozen goods, and wholesome foods. It causes a demand for active packaging, which fuels market expansion. The current transition from conventional to smart packaging solutions, such as active & intelligent packaging, that provide the protection of both internal & external elements is also expected to accelerate the growth of the global market.
Restraint:High production cost
A significant element impeding the expansion of the global market is the high cost of raw materials, which raises production expenses. The market expansion is also hampered by the rising cost of research and development. The standards for active materials and items designed to come into contact with food, such as food packaging, were set by the European Union. The framework regulation of the European Parliament and Council (EC) contains it. It is also anticipated that such stringent government rules will impede market expansion.
Opportunity:Increase in demand from healthcare & pharmaceutical industries
The ageing population's rising chronic sickness rate and the rising demand for over-the-counter medications are driving the healthcare industry's rapid growth. Active packaging is required as a result of the healthcare and pharmaceutical sectors' rapid expansion. The strict requirements on the packaging of pharmaceuticals have increased investments in these types of solutions, which has boosted market growth. Furthermore, the market is expanding steadily around the globe as a result of the increasingly complicated medical products that must be delivered to distant locations or stored safely.
Threat:Incorporating expensive technologies
Identifying solutions to integrate pricy new technology into the packaging while maintaining or lowering customer prices is the largest challenge facing enterprises in the active packaging market. Additional challenges include educating consumers about the benefits of this type of packaging and developing novel production techniques for technologically advanced sensors that can comply with current packaging regulations.
Covid-19 Impact
Numerous sectors around the world suffered from the new coronavirus's unexpected spread. Global trade was impacted by the lockdowns that were imposed by governments in various nations. Production of active packaging items was halted as a result of business closures and supply chain disruptions. However, the virus's proliferation caused the pharmaceutical industry to flourish quickly, which had a positive effect on the global market. It is anticipated that the rising demand for vaccines, medications, and treatments to assist the treatment of COVID-19 would open up attractive potential for the active packaging industry to expand.
The gas scavenger/emitter segment is expected to be the largest during the forecast period
The gas scavenger/emitter segment is estimated to have a lucrative growth. The most popular technique utilised in active packaging materials is the gas scavenger/emitter. In order to prevent contamination, oxygen absorbers are separately put as tiny sachets in the package headspace or attached as labels to the lid. Pharmaceutical and medical device packaging uses gas scavengers/ emitters to separately collect oxygen and moisture.
The food & beverages segment is expected to have the highest CAGR during the forecast period
The food & beverages segment is anticipated to witness the highest CAGR growth during the forecast period. It comprises packaged foods, on-the-go food, ready-to-eat food, confections, and drinks. It also includes food service and packaging. The enormous expansion of the food sector can also be attributable to consumers' growing awareness of food safety. The pharmaceutical, personal care & cosmetics, electronics, automotive, and many more industries also use active packaging solutions extensively.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the end-user industries' increased need for active packaging. The development of active packaging technology will lower the cost of materials. According to estimates, some of the key nations propelling growth in the Asia Pacific region include China, Japan, and India.
Region with highest CAGR:North America is projected to have the highest CAGR over the forecast period. A significant portion of the value of the local market comes from the U.S. The rapidly expanding active packaging market is the cause of the rise. The major manufacturers' swift switch from conventional to intelligent packaging techniques has boosted the market in the North American region. The market in this area is also improved by significant improvements made by manufacturers to provide cost-effective and efficient packaging solutions.
Key players in the marketSome of the key players profiled in the Active Packaging Market include R. Grace and Company, 3M, Avery Dennison, Amelco Desiccants Inc., Amcor Plc, Ampacet Corporation, Aptar Group Inc, Accutech Packaging, MicrobeGuard Corporation, Amerplast Ltd, AIMPLAS Inc, BASF SE & DUPONT and Graham Packaging Company.
Key Developments:In November 2022, Aptar Pharma partnered with TFF Pharmaceuticals, Inc. to develop and commercialize innovative drug solutions based on its patented Thin Film Freezing technology platform. The platform offers massive utilization in converting vaccines or drugs (large and small molecules) into a dry powder formulation.
In October 2022, Grace and OQ’s Sohar Refinery in Oman signed an agreement for premium catalyst technology to boost propylene yields. These complex conversion units maximize the conversion of heavy feeds and ramp up feed rates to satisfy the surging demand.
In October 2022, A masterbatch leader, Ampacet, announced the opening of its new production plant in Brembate (BG), Italy to meet the rising product demand. The new site would increase the company’s additive capacity by using its cutting-edge technologies and enhancing customer service by fastening the innovation process.
In May 2022, Avery Dennison Corporation made significant investments to improve factory efficiency and expand manufacturing capacity in Europe at Champs-sur-Drac and Luxembourg to meet the soaring demand for its label and active packaging materials. These include a new automated warehouse and a high-speed, state-of-the-art hotmelt adhesive coater.
In January 2020, AIMPLAS initiated the project SafetySenseO2 for creating a printed sensor. The sensor would be equipped to diagnose the presence of oxygen in a product's packaging. The oxygen sensor can offer consumers information about the quality and safety of food to decrease the risk of food poisoning.
Types Covered:
• Time Temperature Indicator
• Oxygen Scavenger
• Shelf-life sensing
• Moisture Absorber
• Antimicrobial Agents
• UV Blocking
• Microwave Susceptor
• Gas Scavenger/Emitter
• Other Types
Applications Covered:
• Healthcare
• Personal Care
• Food and Beverage
• Pharmaceutical
• Electronics and Electrical
• Cosmetics
• Agriculture
• Automotive
• Shipping & Logistics
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements