(Entertainment-NewsWire.com, January 20, 2018 ) The North America Active, Smart and Intelligent Packaging Market was worth USD 7.27 billion in 2016 and estimated to be growing at a CAGR of 5.51%, to reach USD 9.51 billion by 2021.
North America Active, Smart and Intelligent Packaging Market Overview:
Technological advancements like smart packaging, active and intelligent packaging, and modified atmosphere packaging are gaining over the traditional methods like canning. Moreover, smart and active packaging also makes bulk transportation easier. With the recent advancements in technology, innovative packaging alternatives are now easily available for the manufacturers to enhance and improve their consumer outreach and gain more market share. The food industry in particular, which is at present booming, is the primary driver in the North America active, smart, and intelligent packaging. Additionally, the growing requirement of packaging that can more effectively control gas and moisture, is among the foremost drivers.
North America advanced packaging technology market is experiencing an over-all growth due to the increasing demand for convenience food such as ready-to-cook meals, increased demand for sustainable packaging and stricter food safety regulations. Growing health awareness, food wastage concerns, and manufacturers’ concern for prolonged shelf life of the food products and supply chain inefficiencies are some other factors fuelling the growth of the market. Furthermore, the consumers’ confidence with regards to packaged food, threat from bioterrorism, organized food safety regulations and increased applications in ready-to-eat meals and frozen foods have created a lot of opportunities for advanced packaging technology market.
North America Active, Smart and Intelligent Packaging Market Segmentation:
The North America market for Active, Smart and Intelligent Packaging is categorized by Application (Frozen processed food, Dairy, Packaged food, Chilled processed food, Dried processed food, Sea food and Meat and poultry). Based on Technology, the market is further segmented into Active Packaging, Modified atmosphere packaging and Intelligent Packaging. The modified atmosphere packaging market had for the highest revenue in 2016 while Active and smart packaging technology is estimated to grow at the highest rate. On the basis of geography, the North America market is analysed under various regions namely Canada and United States.
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