Global Advanced Packaging Market 2015-2019
Research scope of the global advanced packaging market
Technavio’s market research analysts predict the global advanced packaging market to grow at a CAGR of close to 8% until 2019. To calculate the market size, analysts have considered revenues generated by global advanced packaging solution providers. The market is segmented according to the technology offered by the major players and on the basis of geography.
The global advanced packaging market can be segmented on the basis of technology type as follows:
The global active technology packaging market is expected to witness strong growth during the forecast period because of factors such as the increasing consumer demand for fresh, safe, healthy, and quality packaged food. Also, the increase in concerns of manufacturers about the shelf life of food and beverages has led to increased demand for active packaging technologies that can extend shelf life.
Geographical segmentation of the global advanced packaging market
Technavio Announces the Publication of its Research Report – Global Advanced Packaging Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Advanced Packaging Market: Desiccare, Freshpoint, LINPAC, Maxwell Chase, Multisorb, PakSense and Sealed Air
Other Prominent Vendors in the market are: Avery Dennison, CVP Systems, EMCO, GEA, Harpak, ULMA, Johnson Matthey, ORICS, Robert Reiser, and Stora Enso.
Commenting on the report, an analyst from Technavio’s team said: “Nanosensors are used to detect gases released from spoilt food. They change color upon detection of such gases, thereby alerting the consumer. Food packaging plants are also likely to adopt nanosensors. They help detect bacteria and other microbes on the surface of food during packaging and reduce the chances of contamination. Nanosensors for the detection of pesticides on fruits and vegetables are also being developed.”
According to the report, due to an emphasis on food safety from consumers and food manufacturers, packaging vendors are focusing on introducing advanced packaging solutions that meet hygiene standards and ensure product quality. Packaging is crucial for the food industry to maintain the safety and quality of the food. Packaging solutions such as MAP help extend shelf life and preserve the quality of the food stored.
Further, the report states that the costs involved in R&D of advanced packaging technologies are high. Also, the testing of such materials for application in packaging requires elaborate procedures and is time consuming and expensive.
Desiccare, Freshpoint, LINPAC, Maxwell Chase, Multisorb, PakSense, Sealed Air, Avery Dennison, CVP Systems, EMCO, GEA, Harpak, ULMA, Johnson Matthey, ORICS, Robert Reiser, Stora Enso.
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