Global Next Generation Packaging Market Size, Trends & Growth Opportunity, By Packaging Type (Active Packaging (Antimicrobials, Gas Scavengers, Gas Emitters, and Others), Intelligent Packaging (Sensors, Indicators, Tags, Modified Atmosphere Packaging (MAP))), By Application (Traditional, and Contemporary), By Region and Forecast till 2027.
Report ID : QR1001350 | Industries : Others | Published On :January 2022 | Page Count : 234Global Next Generation Packaging Market
Global Next generation Packaging Market was valued at USD 4.3 billion in 2021 which is expected to reach USD 67.85 billion by 2027 at a CAGR 3.5% from 2021-2027.
Next generation packaging is defined as an advanced packaging solution which offers carious benefits in terms of product quality information & traceability. It helps in tracking & monitoring the product during the entire supply chain process from shipments to delivery of the product to the location. This ensures the safe delivery of the product to the consumer while preventing damages of the packaged materials. Food & beverages, healthcare & pharmaceuticals, personal care, and logistics are some of the major end-users of next-generation packaging.
Market Drivers
The increase in demand for a product with longer shelf life especially food products which are gaining huge demand across retailers and consumers are expected to propel the global next generation packaging market growth. Furthermore, the increase in demand for efficient packaging of perishable food products, for instance, milk jugs with sensors & sustainable packaging are the primary drivers of this market. Some of the most recent developments in the global next generation packaging market include Research and Development of extensive packaging technology, introduction of improved sensors, and the growing acceptance of QR codes. The advent of smartphones and e-commerce is also expected to present new opportunities for global next generation packaging market.
Moreover, Rapid urbanization & industrialization across developing regions along with the increasing trade worldwide is expected to drive the market growth of global next-generation packaging. Moreover, growth in the packaging industry due to overall economic development along with the increasing disposable income of the consumer is driving demand for consumers goods is further expected to accelerate the market growth of next-generation packaging.
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Market Restraints
The high cost of installation of next generation packaging is expected to hamper the global next generation packaging market over the forecast period. Also, privacy issues associated with the RFID next generation packaging solution is expected to hinder the market growth.
Market Segmentation
The Global Next Generation Packaging Market is segmented into packaging type such as Active Packaging (Antimicrobials, Gas Scavengers, Gas Emitters, and Others), Intelligent Packaging (Sensors, Indicators, Tags, Modified Atmosphere Packaging (MAP)). Further, market is segmented into application such as Traditional, and Contemporary.
Regional Analysis
Also, the Global Next Generation Packaging Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, Middle East & Africa. The North America held a share of around 33 percent in 2020. Due to the presence of major key players in this region. Moreover, the increase in demand for sustainable packaging in this region is expected to boost the market growth.
Key Players
Amcor Limited, Sonoco Products Company, WestRock Company, Sealed Air Corporation, Stora Enso Oyj, Bemis Company, Inc., WS Packaging Group, Inc, MULTIVAC, Active Packaging Ltd, ULMA Packaging, S.Coop, etc.
Market Taxonomy
By Packaging Type
- Active packaging
- Antimicrobials
- Gas Scavengers
- Gas Emitters
- Others
- Intelligent Packaging
- Sensors
- Indicators
- Tags
- Modified Atmosphere Packaging (MAP)
By Application
- Traditional
- Contemporary
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Next Generation Packaging Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Next Generation Packaging Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Next Generation Packaging Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Next Generation Packaging Market, By Packaging Type
5.1 Y-o-Y Growth Comparison, By Packaging Type
5.2 Global Next Generation Packaging Market Share Analysis, By Packaging Type
5.3 Global Next Generation Packaging Market Size and Forecast, By Packaging Type
5.3.1 Active Packaging
- Antimicrobials
- Gas Scavengers
- Gas Emitters
- Others
5.3.2. Intelligent Packaging
- Sensors
- Indicators
- Tags
- Modified Atmosphere Packaging (MAP)
6 Global Next Generation Packaging Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Next Generation Packaging Market Share Analysis, By Application
6.3 Global Next Generation Packaging Market Size and Forecast, By Application
6.3.1 Traditional
6.3.2 Contemporary
7 Global Next Generation Packaging Market, By Region
7.1 Global Next Generation Packaging Market Share Analysis, By Region
7.2 Global Next Generation Packaging Market Share Analysis, By Region
7.3 Global Next Generation Packaging Market Size and Forecast, By Region
8 North America Next Generation Packaging Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Next Generation Packaging Market Share Analysis, By Packaging Type
8.3 North America Next Generation Packaging Market Size and Forecast, By Application
8.5 North America Next Generation Packaging Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Next Generation Packaging Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Next Generation Packaging Market Share Analysis, By Packaging Type
9.3 Europe Next Generation Packaging Market Size and Forecast, By Application
9.5 Europe Next Generation Packaging Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10 Asia Pacific Next Generation Packaging Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Next Generation Packaging Market Share Analysis, By Packaging Type
10.3 Asia Pacific Next Generation Packaging Market Size and Forecast, By Application
10.5 Asia Pacific Next Generation Packaging Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Next Generation Packaging Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Next Generation Packaging Market Share Analysis, By Packaging Type
11.3 Latin America Next Generation Packaging Market Size and Forecast, By Application
11.5 Latin America Next Generation Packaging Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Next Generation Packaging Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Next Generation Packaging Market Share Analysis, By Packaging Type
12.3 Middle East Next Generation Packaging Market Size and Forecast, By Application
12.5 Middle East Next Generation Packaging Market Size and Forecast, By Country
12.65.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
15.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Amcor Limited
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Sonoco Products Company
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. WestRock Company
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Sealed Air Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Stora Enso Oyj
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Bemis Company, Inc.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 WS Packaging Group, Inc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 MULTIVAC
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Active Packaging Ltd
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 ULMA Packaging, S.Coop
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies