Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 2,173.62 Million |
| USD 3,570.40 Million | |
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North America Next Generation Packaging Market, By Type (Active Packaging, Intelligent Packaging and Modified Atmosphere Packaging), Function (Moisture Control, Temperature Indicators, Shelf Life Sensing, Product Tracking, and Others), Technology (Scavengers and Susceptors RFID Tags, QR Codes, NFC Tags, Coding & Markings, Sensors & Output Devices, and Others), Material (Plastic, Paper, Corrugated Board and Others), Application (Food, Beverages, Personal Care, Healthcare, Logistics & Supply Chain, Consumer Electronics and Others) – Industry Trends and Forecast to 2029.
Next-generation packaging has seen increased demand because they are light in weight and have shown the ability to provide products to locations with minimum damage. Some end-use industries that have deployed next-generation packaging are healthcare, pharmaceuticals, food and beverages, and logistics. The 'active packaging" is the fastest growing type segment during the forecast period because of its ability to extend the product's shelf life and maintain freshness.
Data Bridge Market Research analyses that the next generation packaging market was valued at USD 2,173.62 million in 2021 and is expected to reach USD 3,570.40 million by 2029, registering a CAGR of 6.40% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Active Packaging, Intelligent Packaging and Modified Atmosphere Packaging), Function (Moisture Control, Temperature Indicators, Shelf Life Sensing, Product Tracking, and Others), Technology (Scavengers and Susceptors RFID Tags, QR Codes, NFC Tags, Coding & Markings, Sensors & Output Devices, and Others), Material (Plastic, Paper, Corrugated Board and Others), Application (Food, Beverages, Personal Care, Healthcare, Logistics & Supply Chain, Consumer Electronics and Others)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Amcor plc (Australia), Sealed Air (U.S.), Klöckner Pentaplast (Germany), MicrobeGuard Corporation (U.S.), TOPPAN INC. (Japan), BALL CORPORATION (U.S.), DuPont de Nemours, Inc. (U.S.), R.R. Donnelley & Sons Company (U.S.), Vesta (U.S.), Amerplast (Finland), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Graham Packaging Company (U.S.), Active Packaging (India), American Thermal Instruments (U.S.), AVERY DENNISON CORPORATION (U.S.), Temptime Corporation (U.S.), WestRock Company (U.S.), Sonoco Products Company (U.S.), Bemis Manufacturing Company (U.S.)
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Market Opportunities
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Market Definition
Next generation packaging is advanced method of packaging technology. It is a combination of three types of packaging, specifically active packaging, which includes emitters, antimicrobials, gas scavengers and others. Intelligent packaging includes indicators, sensors, and tags, and modified atmosphere packaging.
Drivers
Active packaging is a new term in the packaging industry which has been developing over the past few years. It refers to a range of methods involving products or materials that improve or add value to the material and product being packed. The major driver for this trend is growing consumer demand for green, sustainable and ethical products along with an increasing focus on functionality and convenience in the Active Packaging Market (APM) which eventually drive the next generation packaging market.
The personal care application segment is expected to witness significant growth during the forecast period. The rising demand for next generation packaging in cosmetic and personal care sector due to increasing consumer awareness regarding health issues associated with cosmetic products containing harmful chemicals such as phthalates and parabens. These factors will likely drive product adoption across this sector in the forecast period.
Moreover, increasing demand for next-generation packaging in private and public healthcare industries, raising health awareness among the population, and continuous technological advancements in packaging are other major factors anticipated to boost the growth of the next-generation packaging market.
Opportunities
Rapidly rising e-commerce and retail industries increase the demand of better packaging products in market. So the end of line packaging enhances the efficiency of packaging, which is the key factor in creating profitable opportunities for market growth.
Growing demand in food and beverage manufacturing company is anticipated to offer lucrative growth opportunities to the market of next generation packaging during forecast period. In the food industry, the next generation packaging helps to reduce material usage by 70%, extend shelf life, display information on quality, monitor freshness, improve safety, and improve the convenience of the food products. This is estimated to create immense opportunities and increase the market growth of the next generation packaging during upcoming years.
Restraints/ Challenges
Ensuring the automation performance aligns according to the customer demand is predicted to be a major challenge and is anticipated to obstruct the market growth. Changing consumer preferences for cost-effective and quality products have been considerably augmented in the last years. Hence, ensuring the automation performance aligns in the production could be a major challenge for the next generation packaging market over the forecast period.
This next generation packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the next generation packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 is a global public health emergency which has affected almost every sector and this long-term effect is expected to impact the industry's growth during the forecast period. But, the Next generation packaging has positively impacted their market growth during and post COVID-19 period. The growing consumption of packaged food and beverages is especially driving the next generation packaging market growth, although factors such as fluctuating price of raw material prices may obstruct the market growth during pandemic.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent development
The next generation packaging market is segmented on the basis of type, function, technology, material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Function
Technology
Material
Application
The next generation packaging market is analysed and market size insights and trends are provided by country, of type, function, technology, material and application as referenced above.
The countries covered in the next generation packaging market report are U.S., Canada and Mexico in North America.
The U.S. is anticipated to dominate the North America next generation packaging market owing to increasing application of the next generation packaging market in the food and beverage industry. Increasing demand for active packaging to store food products in nations such as Canada and the U.S is likely to help North America witness significant growth in the next generation packaging market, in upcoming years.
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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The next generation packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to next generation packaging market.
Some of the major players operating in the next generation packaging market are:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its North America Next Generation Packaging Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as North America Next Generation Packaging Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.