Active Packaging Industry on Track to Exceed $35.7 Billion by 2031

Active Packaging Industry on Track to Exceed $35.7 Billion by 2031

Active Packaging Market - 2024-2031 Meticulous Research leading global market research company, published a research report titled, Active Packaging Market by Type (Gas Scavengers/Emitters, Antimicrobial Agent, Moisture Absorber, and Microwave Susceptors), Application (Food & Beverages, Healthcare & Pharmaceutical, Transportation & Logistics) and Geography - Global Forecast to 2031. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5886?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=26-06-2024 According to the latest publication by Meticulous Research , the active packaging market is on track for significant growth, with a projected valuation of $35.7 billion by 2031. This represents a strong compound annual growth rate (CAGR) of 7.8% from 2024 to 2031. Several factors are driving this surge, including rising demand for sustainable and durable packaging solutions, increased adoption of active packaging in the food & beverage sector, and growing consumer preference for fresh, high-quality packaged foods. However, the market faces challenges such as the high costs of raw materials. The integration of active packaging in the healthcare and pharmaceutical sectors offers lucrative growth opportunities for market players, despite the obstacle of limited consumer awareness. Additionally, the emergence of bio-based active packaging is a key trend shaping this dynamic market. Market Segmentation and Dynamics The active packaging market is carefully segmented by type, application, and geography, providing a thorough analysis of industry dynamics and future prospects. The gas scavengers/emitters segment is expected to lead in 2024, capturing 26.0% of the market. This segment's growth is driven by the need to extend product shelf life, increased safety concerns, and the rising use of ethylene scavengers and oxygen scavengers in transportation and storage. In terms of application, the food & beverages segment is projected to hold the largest market share in 2024, with 30.0%. This dominance is due to growing consumer awareness of food safety, a preference for convenient and sustainable packaging, and the need to extend the shelf life of food and beverage products. However, the healthcare and pharmaceutical segment is anticipated to achieve the highest CAGR during the forecast period, spurred by increased awareness of healthier lifestyles and the necessity to maintain the quality and safety of pharmaceutical products. Regional Insights Asia-Pacific is set to lead the market, commanding a 34.0% share in 2024. This region's dominance is driven by the extensive use of active packaging in the food & beverage sector, rising demand for eco-friendly packaging, and heightened consumer awareness of product safety. The region is expected to show the highest CAGR of 9.0% during the forecast period, fueled by strong regional economies and the growing e-commerce sector, particularly in China, Japan, South Korea, and India. Key Market Players The market landscape features prominent players such as Amcor plc, Ball Corporation, Sealed Air Corporation, and WestRock Company, who are driving market expansion and innovation. For Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Active Packaging Market - 2024-2031 example, Amcor plc's recent investment in a state-of-the-art manufacturing plant in Huizhou, China, highlights its commitment to meeting the evolving demands of customers in the Asia-Pacific region. Conclusion With robust growth projections and significant opportunities in various sectors, the active packaging market is poised for transformative development in the coming years, underpinned by technological advancements and strategic investments from leading market players. Buy Now@ https://www.meticulousresearch.com/Checkout/89087678?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=26-06-2024 About Meticulous Research : Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com