Active Packaging Market Estimated to Exceed $35.7 Billion by 2031

Active Packaging Market Estimated 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=30-05-2024 In the latest publication by Meticulous Research , the active packaging market is poised for significant growth, with projections indicating a substantial valuation of $35.7 billion by 2031, showcasing a robust compound annual growth rate (CAGR) of 7.8% spanning from 2024 to 2031. This anticipated surge is underpinned by multifaceted factors, including escalating demands for sustainable and long-lasting packaging solutions, heightened adoption of active packaging across the food & beverage sector, and an increasing consumer appetite for fresh, high-quality packaged foods. Nevertheless, the market's expansion may encounter hurdles due to the elevated costs associated with raw materials. Furthermore, the burgeoning integration of active packaging within the healthcare & pharmaceutical sectors presents lucrative growth opportunities for market participants. However, the challenge of insufficient consumer awareness poses a notable obstacle to market proliferation. Additionally, the advent of bio-based active packaging emerges as a pivotal trend within this dynamic market landscape. The active packaging market is meticulously segmented based on type, application, and geography, offering a comprehensive analysis of industry dynamics and market prospects. Within the segmentation, the gas scavengers/emitters segment is slated to dominate in 2024, commanding a substantial share of 26.0% of the market. This segment's ascendancy is propelled by the imperative to prolong product shelf life, heightened safety concerns, and the burgeoning adoption of ethylene scavengers and oxygen seveners across transportation and storage sectors. Application-wise, the food & beverages segment is poised to seize the largest market share in 2024, accounting for 30.0% of the active packaging market. This dominance is attributed to escalating consumer consciousness surrounding food safety, a growing appetite for convenient and sustainable packaging solutions, and an increasing need to extend the shelf life of F&B products. However, the healthcare & pharmaceutical segment is forecasted to register the highest CAGR during the forecast period, driven by heightened consumer awareness regarding healthier lifestyles and the growing need to maintain pharmaceutical product quality and safety. Geographically, Asia-Pacific emerges as a pivotal market player, slated to command the largest share of 34.0% in 2024. This dominance is underpinned by the region's burgeoning utilization of active packaging within its food & beverage sector, coupled with a surging demand for eco-friendly packaging solutions and increasing consumer vigilance regarding product safety. The market landscape is enriched by the presence of key players such as Amcor plc, Ball Corporation, Sealed Air Corporation, and WestRock Company, among others. These industry stalwarts are at the forefront of innovation, driving market expansion and redefining packaging paradigms. For instance, Amcor plc's recent investment in a cutting-edge manufacturing plant in Huizhou, China, underscores the company's commitment to meeting evolving customer demands in the Asia-Pacific region. Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Active Packaging Market - 2024-2031 The Asia-Pacific region is poised to exhibit the highest CAGR of 9.0% during the forecast period, propelled by robust regional economies and the burgeoning e-commerce sector, particularly in China, Japan, South Korea, and India. Buy Now@ https://www.meticulousresearch.com/Checkout/89087678?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=30-05-2024 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