Global Advanced Packaging Market 2015-2019
Global market outlook of advanced packaging
The global advanced packaging market is expected to witness strong growth on account of the increased adoption of advanced packaging to enhance the shelf life of food and beverages. Technavio’s market research analysts predict the market growth to surpass 7% over the next four years.
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 aiding consumer awareness.
Market segmentation of advanced packaging by type
- Active technology
- Intelligent technology
- Modified atmosphere
In terms of revenue, in 2014 the modified atmosphere packaging segment accounted for the largest share of the global advanced packaging market. The intelligent technology packaging segment is expected to record the fastest growth during the forecast period due to the increased demand for indicators such as printed packaging and RFID tags.
Global advanced packaging market by geographical segmentation
The advanced packaging market in APAC region is expected to witness rapid growth. Increasing demand for advanced packaging solutions in Japan and Australia is a key growth driver. 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.
Vendor landscape of the global advanced packaging market
- Maxwell Chase
- 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.
Other prominent vendors of this market include Avery Dennison, CVP Systems, EMCO, GEA, Harpak, ULMA, Johnson Matthey, ORICS, Robert Reiser, and Stora Enso.
Key questions answered in the report
- What are the key factors driving the global advanced packaging market?
- What are the key market trends impacting the growth of the global advanced packaging market?
- What are the various opportunities and threats faced by the vendors in the global advanced packaging market?
- Market shares for APAC, Americas, and EMEA?
- Key outcome of the five forces analysis on the global advanced packaging market?
- Growth forecast of the global advanced packaging market?
Technavio also offers customization on reports based on specific client requirement.