Next-Generation Packaging Market Size, Share, Trend Analysis & Competition Tracking, Forecast 2020 - 2027

                                                                              
Next generation packaging has been introduced as a result of technological advancements in packaging techniques.

            Next-Generation Packaging Market


Next generation packaging has been introduced as a result of technological advancements in packaging techniques. Next-generation packaging includes features like traceability and product quality information. It is especially useful for tracking shipments to remote locations and ensuring that packaged materials are not damaged. Intelligent packaging, active packaging, and modified atmosphere packaging are the three broad categories of next generation packaging. Sensors, RFID tags, and indicators are used in intelligent packaging. Active packaging contains gas emitters, antimicrobials, and gas scavengers, whereas modified atmosphere packaging replaces the air inside the packaging with a mixture of gases such as carbon monoxide, nitrogen, and carbon dioxide.

Increasing demand for products with a longer shelf life, particularly food products, which are in high demand among retailers and consumers, is expected to drive Next generation packaging market growth. Active packaging is used to increase the shelf-life of a product by removing leftover oxygen from closed packets, thereby extending the shelf-life of the product. As a result, the growing demand for products with longer shelf lives is expected to fuel the market growth of next-generation packaging.

Rapid urbanisation and industrialization in developing regions, as well as increased global trade, are expected to drive the growth of the next-generation packaging market. Furthermore, growth in the packaging industry as a result of overall economic development, coupled with rising consumer disposable income, is driving demand for consumer goods, which is expected to fuel the market growth of next-generation packaging.


Market Segmentation:

By Packaging Type
  • Active Packaging
  • Intelligent Packaging

By Application
  • Food & Beverages
  • Healthcare & Pharmaceuticals
  • Personal Care
  • Logistics & Supply Chain
  • Others
The key players are operating in the global next-generation packaging market are Amcor Limited, WestRock Company, Sonoco Products Company, Sealed Air Corporation, Stora Enso Oyj, Bemis Company, Inc., MULTIVAC, WS Packaging Group, Inc., Active Packaging Ltd., and ULMA Packaging, S.Coop.

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