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Next Generation Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Global Next Generation Packaging Market: 

Technological advancements in packaging techniques have led to the introduction of next generation packaging. Next generation packaging offers features such as traceability and provides product quality information. It is particularly helpful in tracing shipments to distant locations and ensures minimum damage to packaged materials. Next generation packaging can be broadly classified into intelligent packaging, active packaging, and modified atmosphere packaging. Intelligent packaging involves the use of sensors, RFID tags, and indicators. While active packaging includes gas emitters, antimicrobials, and gas scavengers, modified atmosphere packaging replaces the air inside the packaging with a mixture of gases such as carbon monoxide, nitrogen, and carbon dioxide.

Gas scavengers, such as oxygen scavengers in active packaging, remove leftover oxygen from closed packets and increase product life. Active packaging is extensively used for automated packaging lines, bags, sacks, and quad packs in industrial packaging. Intelligent packaging and active packaging are anticipated to be high in demand in the near future.

Next generation packaging is employed across end-use applications in various sectors such as health care and pharmaceuticals, food and beverages, logistics and supply chain, personal care, and others including automotive and industry. In order to increase the shelf life of perishable food products, next generation packaging is in high demand across the food and beverages industry. The global next generation packaging market is witnessing significant demand from the health care and pharmaceuticals sector. The market also holds considerable potential for growth with the rapid expansion of the e-commerce sector, where next generation packaging is widely deployed in logistics.                                                                       

Global Next Generation Packaging Market: Overview   

Growing demand from consumers for efficient product packaging has boosted the growth of the global next generation packaging market. Advancements in packaging materials and the rising need for sustainable packaging techniques have further augmented the market’s growth. Extensive R&D of packaging technology, the introduction of advanced sensors, and growing adoption of QR codes are some of the latest trends in the global next generation packaging market.    

However, low awareness and the high cost of next generation packaging materials are expected to hamper the growth of the global next generation packaging market. The cost of packaging materials plays an important role in the logistics and supply chain sector. As a result, the demand for advanced packaging materials is low from this sector. Limited commercial applications of certain types of next generation packaging will also restrain the overall market. For example, antimicrobial packaging has limited applications in the commercial sector and hence, the demand for this type of packaging is low.

Global Next Generation Packaging Market: Region-wise Outlook      

The global next generation packaging market has been segmented into four key regions: Europe, North America, Asia Pacific, and Rest of the World. While North America and Europe have been dominant regions in the market, the demand for next generation packaging is expected to surge across Rest of the World during the forecast period. Emerging economies in Latin America are witnessing rapid industrialization and are anticipated to contribute significantly toward the growth of the next generation packaging market in Rest of the World.

Some of the prominent players in the global next generation packaging market are WestRock Company (formerly MeadWestvaco Corporation), Amcor Limited, Sealed Air Corporation, Sonoco Products Company, Stora Enso Oyj, MULTIVAC, Bemis Company Inc., WS Packaging Group Inc., and Active Packaging Ltd. The key market players are focused on expanding their business through mergers and acquisitions across emerging economies.    

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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