Active Packaging Market Size Projected to Garner USD 54.3 Billion by 2032 growing at 9.2% CAGR - Exclusive Report by Acumen Research and Consulting
The Global Active Packaging Market Size is predicted to reach USD 54.3 Billion by 2032 from USD 23.1 Billion in 2022, at a CAGR of 9.2% between 2023 and 2032, as per the Acumen Research and Consulting
The active packaging market is expected to grow significantly in the coming years due to the increasing demand for food preservation and the growing awareness of the importance of food safety. Additionally, the development of new and advanced active packaging materials is driving the market growth. For example, intelligent packaging systems that can monitor the condition of the food inside the packaging and alert the consumer when the food is no longer safe to consume are becoming increasingly popular.
Active packaging is a type of packaging that includes additional features such as oxygen scavengers, humidity controllers, and antimicrobial agents to extend the shelf life of food products. These features work to preserve the quality of the food by controlling the environment within the packaging. Active packaging is becoming increasingly popular in the food industry as it helps to reduce food waste and improve the safety and quality of food products.
Furthermore, the rising trend of e-commerce and online grocery shopping is also driving the demand for active packaging. As online grocery shoppers are unable to physically inspect the products before purchasing, active packaging helps to ensure that the food remains fresh and safe during transportation and delivery. The evolving era of active packaging is all set to revolutionize the packaging industry, and it will be the most preferred packaging solution in the future.
Active Packaging Market Statistics
- Global active packaging market value was worth USD 23.1 Billion in 2022, with a 9.2% CAGR from 2023 to 2032
- North America active packaging market share occupied around 39% in 2022
- Asia-Pacific accounts for the rapidly growing demand for active packaging market
- By type, the oxygen scavenger segment captured the majority of the market
- Growing adoption of e-commerce and online grocery shopping, propel the active packaging market revenue
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Active Packaging Market Trends
The active packaging market is driven by the increasing demand for food preservation, advancements in packaging technology, the growing trend of e-commerce and online grocery shopping, the growing focus on sustainable packaging, and the increasing demand for natural-based active packaging solutions. Consumers are becoming more conscious of food safety and the environmental impact of packaging, and active packaging is seen as a more sustainable option as it helps to reduce food waste and prolong the shelf life of products.
Rising Consumer Demand for Fresh & Safe Food Products Drives the Market Growth
Increasing consumer demand for fresh and safe food products is a major driver of the active packaging market growth. Consumers are becoming more conscious of the safety and quality of their food, and they are looking for packaging solutions that can extend the shelf life of food products and preserve their freshness and safety. Active packaging, with its added features such as oxygen scavengers, humidity controllers, and antimicrobial agents, is able to extend the shelf life of food products and preserve their quality, which makes it highly desirable to consumers. This increased demand for fresh and safe food products is driving the active packaging market growth as more and more food manufacturers are turning to active packaging solutions to meet the needs of their consumers.
Active Packaging Market Segmentation
Acumen Research and Consulting has segmented the global active packaging market by type, and application.
- By type, the industry is categorized into moisture absorber, oxygen scavenger, time temperature indicator, shelf-life sensing, and others.
- By application, the market is divided into personal care, food and beverage, pharmaceutical, healthcare, and others.
Active Packaging Market Regional Overview
Geographically, the global active packaging market can be divided into Asia-Pacific, North America, Latin America, Europe, and the MEA. According to the active packaging industry analysis, the Asia-Pacific region is the fastest-growing market for active packaging. This growth is due to a number of factors, including increasing population, rising disposable income, and growing awareness of the benefits of active packaging. Additionally, the region's large and rapidly growing food and beverage industry is driving demand for active packaging solutions that can extend the shelf life of products and improve their safety and quality. Also, the presence of major food and beverage manufacturers in the region, such as Nestle and Unilever, has further stimulated the growth of the Asia-Pacific active packaging market share in the coming years.
Active Packaging Market Players
Some of the prominent active packaging market companies are Amcor Limited, Ball Corporation, R. Grace and Company, Ampacet Corporation, Crown Holdings Incorporated, Graham Packaging Company Inc., Constar International Inc., Rexam plc., Mitsubishi Gas Chemical Company, Landec Corporation, Klockner Pentaplast, and Bemis Company, Inc.
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