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Redding, California - May 14, 2024

Active Packaging Market to be Worth $35.7 Billion by 2031

Active Packaging Market Size, Share, Forecast, & Trends Analysis 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

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.’

According to this latest publication from Meticulous Research^®, the active packaging market is projected to reach $35.7 billion by 2031, at a CAGR of 7.8% from 2024–2031.The growth of this market can be attributed to several factors, such as the rising demand for longer lasting and sustainable packaging products, the rising adoption of active packaging in the food & beverages sector, and the increasing demand for fresh and quality packaged food. However, the high raw material cost may restrain the growth of this market.

Furthermore, the increasing adoption of active packaging in the healthcare & pharmaceutical sector is expected to offer growth opportunities for the players operating in this market. However, less consumer awareness is a major challenge impacting the growth of the active packaging market. Additionally, advancement in bio-based active packaging is a prominent trend in this market.

The active packaging market is segmented by type (gas scavengers/emitters, antimicrobial agent, moisture absorber, microwave susceptors, and other types), application (food & beverages, healthcare & pharmaceutical, retail & e-commerce, personal care & cosmetics, transportation & logistics, and other applications) and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels.

Based on type, the active packaging market is segmented into gas scavengers/emitters, antimicrobial agent, moisture absorber, microwave susceptors, and other types. In 2024, the gas scavengers/emitters segment is expected to account for the largest share of 26.0% of the active packaging market. The segment’s large share is attributed to the rising need to extend the shelf life of products, growing product safety concerns, growing adoption of ethylene scavengers in the transportation and storage sector, and rising adoption of oxygen seveners in food products such as bread, cakes, meat, and cheese packaging. In addition, the benefits offered by the gas scavengers/emitters segment, such as extended shelf life, preservation of freshness, reduced food waste, enhanced safety, controlled ripening, and improved product quality, contribute to this segment's growth. Also, this segment is projected to register a higher CAGR during the forecast period of 2024–2031.

Based on application, the active packaging market is segmented into food & beverages, healthcare & pharmaceutical, retail & e-commerce, personal care & cosmetics, transportation & logistics, and other applications. In 2024, the food & beverages segment is expected to account for the largest share of 30.0% of the active packaging market. The segment’s large share is attributed to the increasing consumer awareness regarding food safety, rising demand for convenient and sustainable packaging solutions, the increasing need to extend the shelf life of F&B products, and the increasing demand for hygienic food packaging. In addition, the benefits offered by the food & beverages segment, such as extended shelf life, enhanced food safety, reduced food waste, cost savings, preservation of aroma and flavor of food products, and improved food quality, contribute to this segment's growth.

However, the healthcare & pharmaceutical segment is expected to register the highest CAGR during the forecast period of 2024–2031. The growing consumer awareness regarding healthier lifestyles, the rising need to maintain the quality, safety, and efficiency of pharmaceutical products, growing healthcare expenditures in emerging economies, and rising demand for active packaging to extend the shelf life of medications, such as vitamins or lipid-based formulations are expected to support the growth of this segment.

Based on geography, the active packaging market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 34.0% of the active packaging market. Asia-Pacific’s large market share is attributed to the surging use of active packaging in the region’s food & beverage sector, the growing need for eco-friendly packaging solutions, and rising consumer awareness to enhance product safety.

In addition, the presence of prominent players offering active packaging supports market growth. For instance, in December 2022, Amcor plc (Australia), a global leader in packaging solutions, opened its new state-of-the-art manufacturing plant in Huizhou, China. With an investment of almost USD 100 million, the 590,000-square-foot plant is the largest flexible packaging plant by production capacity in China, further strengthening Amcor’s ability to meet growing customer demand throughout Asia Pacific.

Moreover, the Asia-Pacific region is projected to register the highest CAGR of 9.0% during the forecast period. The rapid growth of this regional market is attributed to the growth in regional economies and the expanding e-commerce sector, especially in China, Japan, South Korea, and India.

Key Players:

The key players operating in the active packaging market are Amcor plc (Australia), Ball Corporation (U.S.), Sealed Air Corporation (U.S.), WestRock Company (U.S.), Desiccare, Inc. (U.S.), Crown Holdings, Inc. (U.S.), Microbeguard Corporation (U.S.), AptarGroup, Inc. (U.S.), Amelco Desiccants Inc. (Philippines), Amerplast Ltd. (Finland), DuPont de Nemours, Inc. (U.S.), and Cilicant Private Limited. (India).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5886

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of type and application?
What is the historical market size for the active packaging market?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the active packaging market?
Who are the major players in the active packaging market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the active packaging market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the active packaging market, and how do they compete with other players?

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Redding, California - May 14, 2024

Active Packaging Market to be Worth $35.7 Billion by 2031

Active Packaging Market Size, Share, Forecast, & Trends Analysis 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

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