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The global advanced packaging market research predicts the market to witness strong growth on account of the increased adoption of advanced packaging to enhance the shelf life of food and beverages. The advanced packaging market analysis predicts 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.
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In terms of revenue, in 2014 the modified atmosphere packaging segment accounted for the largest advanced packaging market share. 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.
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.
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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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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