The global advanced packaging market constitutes implementation of advanced technologies and design modifications to packaging solutions in order to enhance the effectiveness of conventional and traditional packaging formats. The global advanced packaging technologies market is segmented primarily as active packaging, smart & intelligent packaging, temperature controlled packaging and modified atmosphere packaging. Packaging companies with large global presence and strong research and development (R&D) capabilities are seeking ways to bring about a revolution in conventional packaging formats in order to improve functionality of packaging solutions, reduce manufacturing cost and promote sustainable processes that support environmental concerns.
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Advanced packaging solutions are means to offer high business value to business markets in order to support quality management, cost effectiveness, strengthen core competencies and resultantly pass on value to end consumers. Global organizations are streamlining their strategic objectives to match core competencies in order to stay ahead of the overall market. The competitive landscape of the advanced packaging market is characterized by manufacturers offering differentiated products with capabilities to provide bespoke solutions.
Global Advanced Packaging Market: Market Segmentation
The global Advanced Packaging Market is segmented as per technology type and end user base
As per technology type the advanced packaging market is segmented as follows:
- Active Packaging
- Smart and Intelligent Packaging
- Temperature Controlled Packaging
- Modified Atmosphere Packaging
As per end use the advanced packaging technologies market is segmented as follows:
- Meat, Poultry and Seafood
- Fruits and Vegetables
- Ready to Eat Foods
- Dairy Foods
- Baby Food
- Pet Food
- Frozen Foods
- Alcoholic Beverages
- Non Alcoholic Beverages
- Industrial & Chemicals
Global Advanced Packaging Market: Market Dynamics
Advanced technologies have evolved in the packaging market to cater to varied packaging applications in different end use industries. However, food and beverages industries have emerged as a key end user base for advanced packaging technologies. Packaging companies have come up with innovative packaging solutions that solve key challenges faced by food and beverages companies. Advanced packaging technologies such as modified atmosphere packaging (MAP) has allowed food companies to extend the shelf life of perishable food products while maintaining the quality, taste and nutritional value. In June 2017, Packaging and labelling equipment manufacturer Ossid, LLC launched the OTS -10 tabletop model for tray sealing applications that allows modified atmosphere packaging for meat products such as pork, chicken, beef and fresh products such as vegetables, and other fresh foods. The company displayed the equipment at Expo Pack 2017 for the Latin American packaging market. The global advanced packaging technologies market offer enormous investment and business opportunities in niche as well as into mass market segments. Advancement in internet technologies has also penetrated consumer packaging formats to create smart and digital packaging that allows consumers to connect their smart devices to packaging products such as smart blister packs, smart bottles, smart cartons and cans, etc. Smart and digital packaging technology provide functionality such as hydration reminders, prescription reminders, time and temperature (TTI) alerts, quality and freshness indicators, product information and updates, etc. Advanced packaging technologies have also benefitted industrial, transport and logistics sector apart from consumer packaging markets. Advanced packaging technologies such as temperature controlled containers allow storage and shipment of temperature sensitive products through extensive and complex supply chains in a cost effective way.
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Research and development (R&D) conducted by multinational packaging companies in developing innovative packaging solutions is further anticipated to propel the market opportunities generated in the global advanced packaging technologies market.
Global Advanced Packaging Market: Regional Outlook
The global advanced packaging market is geographically segmented into seven key regions including North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan
Global Advanced Packaging Market:
Some of the players operating in the global advanced packaging technologies market include Amcor Limited, Ball Corporation, Bemis Company Inc., Graham Packaging Company, Constar International, Sysco Corporation, Sealed Air Corporation, Kuvee, Thermos Llc., Circadian Design, Inc., AdhereTech Inc., MyHydrate, Sonoco Thermosafe, Cold Chain Technologies, and Saeplast Americas Inc.
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