This industry research report outlines the market forecast, trend analysis, and growth prospects for advanced packaging until 2019. The research report details the segmentation of the market based on active technology, intelligent technology, and modified atmosphere. The leading vendors analyzed by this research report are desiccare, freshpoint, LINPAC, Maxwell Chase, Multisorb, PakSense, and Sealed Air.
Technavio’s market research analysts estimate the global advanced packaging market to grow at a CAGR of 8% between 2015 and 2019. The main factor propelling the demand for advanced packaging is its increased adoption to enhance the shelf life of food and beverages. APAC is expected to be the fastest-growing region in the advanced packaging market during the forecast period. Increasing demand for advanced packaging solutions in Japan and Australia is a key growth driver of this region’s growth. Its application in the region covers fresh meat, poultry, fish, processed food, ready-to-eat meals, fruits and vegetables, and beer packaging. China, New Zealand, and India represent key emerging markets for advanced packaging solutions.
The new market research report from Technavio provides a breakdown and analysis of the advanced packaging segments by technology.
“The growing demand for carbonated and non-carbonated drinks from the F&B sector is augmenting the demand for advanced packaging technologies. Smart packaging has become a tool for consumer engagement and market branding opportunity for vendors. Advanced packaging techniques help dispense relevant information about the condition and expiry of products, thus helping in consumer awareness,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
The modified atmosphere packaging (MAP) dominates the advanced packaging market, occupying more than 51% of the total market share. Much of this segment’s growth comes to the rising demand for seafood, poultry, meat products, dairy products, and RTE food in the emerging economies. Vendors are coming up with various methods and technologies to extend the shelf-life of these products, also focusing on their presentation and packaging.
The key players in the global advanced packaging market include desiccare, freshpoint, LINPAC, Maxwell Chase, Multisorb, PakSense, and Sealed Air. Vendors in the advanced packaging market compete primarily on the basis of innovative materials. The market is witnessing introduction of new food and beverage packaging materials with improved properties such as mechanical, barrier, and antimicrobial properties.
A more detailed analysis is available in the Technavio report, Global Advanced Packaging Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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