Product Launch (Blog)

Jan, 11 2022

Global Next Generation Packaging Market is Expected to Grow with the CAGR of 6.5% in the Forecast Period of 2022 to 2029

Global Next Generation Packaging Market is forecast to grow with significant CAGR owing factor such as technological advancements in the manufacturing sector, increasing health awareness among the general population, and continuous technological advancements in packaging. However, the high cost of packaging is expected to restrict the market growth.

Global Next Generation Packaging Market Scenario

According to Data Bridge Market Research, Asia-Pacific is growing with 35.25% of market share in 2022 in the global next generation packaging market. The market leader is AVERY DENNISON CORPORATION. The company has gained outstanding sales through its businesses of manufacturing and selling of variety of next generation packaging. The market is witnessing continuous product integration and expanding their business in the market.

For instance,

  • In February, 2020 AVERY DENNISON CORPORATION completed the acquisition of Smartrac’s Transponder (RFID Inlay) division (“Smartrac”), a manufacturer of RFID products, for consideration of approximately USD 255 million (EUR 232 million). This acquisition will enhance the research and development capabilities and expand the product lines, which will help company to grow rapidly.

Next Generation Packaging MarketTrends Impacting the Global Next Generation Packaging Market

The global next generation packaging market is becoming more competitive every year due to consistently increasing demand with companies such as, Amcor plc, Sealed Air, Klöckner Pentaplast, MicrobeGuard Corporation, TOPPAN INC., BALL CORPORATION, and DuPont de Nemours, Inc. among others. AVERY DENNISON CORPORATION, DuPont, and BALL CORPORATION are the market leaders for global next generation packaging market? Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global next generation packaging market.

Now the question is which other regions AVERY DENNISON CORPORATION, DuPont, and BALL CORPORATION are targeting? Data Bridge Market Research has estimated a large growth in global next generation packaging market and the market leaders targeting to be their next revenue pockets for 2020.   

For more analysis on the global next generation packaging market, request for a briefing with our analysts: https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-next-generation-packaging-market

Global Next Generation Packaging Market Development in 2021

  • In April 2021, DuPont announced that it successfully completed the acquisition of Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions. This acquisition will help the company grow rapidly in the coming years.

Scope of the Global Next Generation Packaging Market

The global next generation packaging market is segmented into five segments based on type, function, technology, material, and application.

  • On the basis of packaging type, the next generation packaging market is segmented into active packaging, intelligent packaging, and modified atmosphere packaging.
  • On the basis of function, the next generation packaging market is segmented into moisture control, temperature indicators, shelf life sensing, product tracking, and others.
  • On the basis of technology, the next generation packaging market is segmented into scavengers and susceptors, RFID tags, QR codes, NFC tags, coding & markings, sensors & output devices, and others.
  • On the basis of material, the next generation packaging market is segmented into plastic, paper, corrugated board and others.
  • On the basis of application, the next generation packaging market is segmented into food, beverages, personal care, healthcare, logistics & supply chain, consumer electronics and others.

To more about this study: https://www.databridgemarketresearch.com/reports/global-next-generation-packaging-market

Key Pointers Covered in the Global Next Generation Packaging Market Industry Trends and Forecast to 2029

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key market players for global next generation packaging market are listed below:

  • AVERY DENNISON CORPORATION
  • DuPont de Nemours, Inc. 
  • BALL CORPORATION
  • Graham Packaging Company
  • R.R. Donnelley & Sons Company
  • Active Packaging
  • Amcor plc
  • Amerplast Ltd.
  • american thermal intrument
  • Cortec Packaging
  • Klöckner Pentaplast
  • MicrobeGuard Corporation
  • MITSUBISHI GAS CHEMICAL
  • SAES Group
  • Sealed Air
  • Temptime Corporation
  • TOPPAN INC.
  • Vesta Smart Packaging

Above are the key players covered in the report to know about more and exhaustive list of next generation packaging companies’ contact us: https://www.databridgemarketresearch.com/toc/?dbmr=global-next-generation-packaging-market

Research Methodology:  Global Next Generation Packaging Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Food and Beverage Manufacturer, Industry Professionals, and Researchers
  • Supply Side: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and National Sales Managers

Related Reports

Browse in Materials and Packaging Category Related Reports@ https://www.databridgemarketresearch.com/report-category/materials-and-packaging


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