Next Generation Packaging Market to Perceive Excellent Growth of USD 11,209.94 million by 2029, Size, Share, Trends, Demand, Opportunities and Growth Statistics
Global Next Generation Packaging Market By Type (Active Packaging, Intelligent Packaging and Modified Atmosphere Packaging), Function (Moisture Control, Temperature Indicators, Shelf Life Sensing, Product Tracking, and Others), Technology (Scavengers and Susceptors RFID Tags, QR Codes, NFC Tags, Coding & Markings, Sensors & Output Devices, and Others), Material (Plastic, Paper, Corrugated Board and Others), Application (Food, Beverages, Personal Care, Healthcare, Logistics & Supply Chain, Consumer Electronics and Others), Country (U.S., Canada, Mexico, Germany, UK, Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Luxemburg and rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand and rest of Asia-pacific, Brazil, Argentina and Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel and Rest of Middle East and Africa) Industry Trends and Forecast To 2029
Global next generation packaging market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.5% in the forecast period of 2022 to 2029 and is expected to reach USD 11,209.94 million by 2029.
Growing demand for intelligent packaging to avoid food wastage is accelerating the use of next generation packaging products, which is expected to drive the market growth. However, high costs associated with research and development activities are expected to restrain the growth of the market. The recent trend indicates increasing demand for next generation packaging as investments in public and private food industries continue to increase. The factors driving the growth of the market are increasing health awareness among the general population and continuous technological advancements in packaging. With the rapid growth of globalization and increase in mandates for food and beverages by various countries and regions, the global next generation packaging market will witness an increased trajectory in the coming years. However, the high cost of packaging in the global next generation packaging will restrict the market growth.
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Some of the major players operating in the global next generation packaging market are Amcor plc, Sealed Air, Klöckner Pentaplast, MicrobeGuard Corporation, TOPPAN INC., BALL CORPORATION, DuPont de Nemours, Inc., R.R. Donnelley & Sons Company, Vesta, Amerplast Ltd., MITSUBISHI GAS CHEMICAL, Graham Packaging Company, Active Packaging, American Thermal Instruments, AVERY DENNISON CORPORATION, Temptime Corporation, Cortec Packaging, and SAES Getters S.p.A. among others.
Various product developments are also initiated by the companies worldwide, which are also accelerating the growth of the next generation packaging market.
For instance,
- In 2017, DuPont launched new Tyvek 40L in China, plans for global availability DuPont Protection Solutions for the introduction of DuPont Tyvek 40L medical packaging, a new class of Tyvek for medical packaging applications that provide a cost-effective option for protecting lightweight, low-risk devices
Partnership, joint ventures, and other strategies enhance the company market share with increased coverage and presence. It also benefits organizations to improve their offering for next generation packaging through expanded range of size.
Next Generation Packaging Market research report aids in achieving a sustainable growth in the market, by providing a well-versed, specific and most relevant product and market information. This reliable market report studies the market and the industry thoroughly by considering several aspects. Inputs from various industry experts, essential for the detailed market analysis have been used very carefully to generate this finest market research report. The company profiles of all the top market players and brands are included in Next Generation Packaging Market business report which puts light on their moves like product launches, product enhancements, joint ventures, mergers and acquisitions and their effect on the sales, import, export, revenue, and CAGR values.
A high-ranking Next Generation Packaging Market report brings together wide-ranging industry analysis with exact estimates and forecasts that provides complete research solutions with maximum industry clarity. All the data and information covered here helps businesses in refining their strategic decision making. Additionally, collected and processed information of this business report is backed up by most preferred tools viz SWOT analysis and Porter’s Five Forces analysis on which businesses can rely boldly. A team of innovative analysts, enthusiastic forecasters, knowledgeable researchers and experienced industry experts work harder and 24*7 to structure the most excellent Next Generation Packaging Market report.
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Global next generation packaging market is segmented into five segments based on type, function, technology, material, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the global next generation packaging market is segmented into active packaging, intelligent packaging, and modified atmosphere packaging. In 2022, the active packaging segment is expected to dominate the market due to high production quantity and ease to use nature of active packaging.
- On the basis of function, the global next generation packaging market is segmented into moisture control, temperature indicators, shelf life sensing, product tracking, and others. In 2022, moisture control segment is expected to dominate the market as it is the most demanded packaging function to extend the shelf life of the product.
- On the basis of technology, the global next generation packaging market is segmented into scavengers and susceptors, RFID tags, QR codes, NFC tags, coding & markings, sensors & output devices, and others. In 2022, the scavengers and susceptors segment is expected to dominate the market as it gives an easy access to the product to consumers.
- On the basis of material, the global next generation packaging market is segmented into plastic, paper, corrugated board, and others. In 2022, the plastic segment is expected to dominate the market due to consumers showcasing keen interest in the size of the product’s packaging due to its affordability.
- On the basis of application, the global next generation packaging market is segmented into food, beverages, personal care, healthcare, logistics & supply chain, consumer electronics, and others. In 2022, the food segment is expected to dominate the market as the demand for packed food is increasing all over the world owing to busy lifestyles.
Objective of Studies:
– To supply strategic profiling of key gamers in the Next Generation Packaging Market, comprehensively examining their core competencies, and drawing a aggressive panorama for the Next Generation Packaging Market.
– To furnish insights about elements affecting the Next Generation Packaging Market growth. To analyses the market based totally on quite a number factors- charge analysis, provide chain analysis, porter 5 pressure evaluation etc.
– To grant targeted evaluation of the market shape alongside with forecast of the quite a number segments and sub-segments of the Global Next Generation Packaging Market
– To furnish u . s . stage evaluation of the market with admire to the modern market measurement and future prospective.
– To furnish u . s . a . degree evaluation of the Next Generation Packaging Market for phase through application, product kind and sub-segments.
– To grant historic and forecast income of the Next Generation Packaging Marketsegments and sub-segments with admire to 4 foremost geographies and their countries- North America, Europe, Asia, and Rest of the World.
– To tune and analyse aggressive tendencies such as joint ventures, strategic alliances, new product developments, and lookup and trends in the Global market.
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-next-generation-packaging-market
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