North America Active, Smart, And Intelligent Packaging Market, By Type (Active Packaging, Smart Packaging, and Intelligent Packaging), Function (Moisture Control, Temperature Indicators, Shelf Life Sensing, Product Tracking, and Others), Technology (RFID Tags, QR Codes, NFC Tags, Coding & Markings, Sensors & Output Devices, and Others), Material (Plastic, Paper, Glass, Corrugated Board, Metal, and Others), Level (Primary, Secondary, and Tertiary), Application (Food, Beverages, Personal Care, Healthcare, Automotive, Consumer Electronics, and Others), Country (U.S., Canada, Mexico), Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Active, Smart and Intelligent Packaging Market
North America active, smart, and intelligent packaging market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.8% in the forecast period of 2021 to 2028 and is expected to reach USD 34,720.99 million by 2028 from USD 20,832.95 million in 2020.
The terms active packaging, intelligent packaging, and smart packaging refer to packaging systems used for foods, pharmaceuticals, and several other products. They help extend shelf life, monitor freshness, display information on quality, improve safety, and improve convenience. These terms are closely related. For instance- active packaging usually means having active functions beyond the inert, passive containment, and protection of the product; intelligent and smart packaging usually involves the ability to sense or measure an attribute of the product, the inner atmosphere of the package, or the shipping environment. This information can be communicated to users and can trigger active packaging functions, programmable matter, and smart materials.
The factors expected to drive the market are increased 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 North America active, smart, and intelligent packaging market will witness an increased trajectory in the coming years.
However, the high cost of packaging in the North America active, smart, and intelligent packaging may restrict the market growth. The growing alcoholic and non-alcoholic industry with active, smart, and intelligent packaging may create an opportunity for the market. Various companies are making strategic decisions, such as forming agreements with research facilities to launch new products, to improve their market share. As a result, the North America active, smart, and intelligent packaging market is growing rapidly. Supply chain disruption due to COVID-19 may challenge the market.
To understand the analysis and the North America active, smart, and intelligent packaging market scenario, contact Data Bridge Market Research for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
North America Active, Smart, And Intelligent Packaging Market Scope and Market Size
North America active, smart, and intelligent packaging market is segmented into six segments based on type, function, technology, material, level, 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 North America active, smart, and intelligent packaging market is segmented into active packaging, smart packaging, and intelligent packaging. In 2021, the smart packaging segment is expected to dominate the market due to the high production quantity and easy-to-use nature of smart packaging.
- On the basis of function, the North America active, smart, and intelligent packaging is segmented into moisture control, temperature indicators, shelf life sensing, product tracking, and others. In 2021, the moisture control segment is expected to dominate the market as it is the most demanded packaging function to extend the product's shelf life.
- On the basis of technology, the North America active, smart, and intelligent packaging market is segmented into RFID tags, QR codes, NFC tags, coding & markings, sensors & output devices, and others. In 2021, the RFID tags segment is expected to dominate the market as it gives consumers easy access to the product.
- On the basis of material, the North America active, smart, and intelligent packaging market is segmented into plastic, paper, glass, corrugated board, metal, and others. In 2021, 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 level, the North America active, smart, and intelligent packaging market is segmented into primary, secondary, and tertiary. In 2021, the primary segment is expected to dominate the market as that layer of packaging makes direct contact with the product.
- On the basis of application, the North America active, smart, and intelligent packaging market is segmented into food, beverages, personal care, healthcare, automotive, consumer electronics, and others. In 2021, the food segment is expected to dominate the market as the demand for packed food is increasing worldwide owing to busy lifestyles.
North America Active, Smart, and Intelligent Packaging Market Country Level Analysis
North America active, smart, and intelligent packaging market is analyzed, and market size information is provided by the country, type, function, technology, material, level, and application as referenced above.
The countries covered in the North America active, smart, and intelligent packaging market report are the U.S., Mexico, Canada.
Type segment in the U.S. country is expected to grow in the forecast period of 2021 to 2028 because of the increase in demand for active, smart, and intelligent packaging for food products to extend their shelf life. The type segment in Canada is expected to grow due to the rising demand for packed food and busy lifestyles. The type segment in Mexico is expected to grow due to the adoption of smart packaging and its easy usage.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North American brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels is considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Active, Smart And Intelligent Packaging is Boosting the Market Growth of the North America Active, Smart And Intelligent Packaging Market
North America active, smart, and intelligent packaging market also provides you with a detailed market analysis for every country's growth in a particular market. Additionally, it provides detailed information regarding the market players' strategy and their geographical presence. The data is available for the historical period 2010 to 2019.
Competitive Landscape and North America Active, Smart, And Intelligent Packaging Market Share Analysis
The North America active, smart and intelligent packaging market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to the North America active, smart, and intelligent packaging market.
Some of the major players operating in the North America active, smart, and intelligent packaging market are DuPont, Sealed Air, Klöckner Pentaplast, Ampacet Corporation, LCR Hallcrest LLC, WestRock Company, DS Smith, Amcor plc, Tetra Pack, Sonoco Products Company, AVERY DENNISON CORPORATION, Constantia Flexibles, Graham Packaging Company, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many developments are also initiated by the companies worldwide, accelerating the North America active, smart and intelligent packaging market.
For instance,
- In April 2021, DuPont has announced that it completed the acquisition of Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions
Collaboration, product launch, business expansion, award and recognition, joint ventures, and other strategies by the market player enhance the company's footprints in the North America active, smart, and intelligent packaging market, which also benefits the organization's profit growth.
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