Next Generation Packaging Market: Active Packaging and Intelligent Packaging to Account for Over 75% Market Value Share by 2025, says Future Market Insights
September 9, 2015 | By Business Wire News
VALLEY COTTAGE, N.Y.
Future Market Insights (FMI) announces the release of its latest research report, “Next Generation Packaging Market: Global Industry Analysis and Opportunity Assessment 2015-2025”. According to the report, the next generation packaging market revenue is expected to reach US$ 58 Bn by 2025.
FMI has identified the key factors fuelling the next generation packaging market. Use of bioactive polymers and nanomaterial has provided an impetus to next generation packaging. Furthermore, emphasis on sustainable packaging is prompting business to opt for next generation packaging, which in turn is fuelling the next generation market.
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FMI has segmented the next generation packaging market on the basis of packaging type into active packaging, intelligent packaging, and modified atmosphere packaging. Among these, active packaging and intelligent packaging are forecasted to represent nearly two-thirds of market value share by 2025.
Growing demand for product shelf life extension and development in food packaging techniques are the key factors fuelling the active packaging and intelligent packaging segments of the global next generation packaging market.
Press Release: http://www.futuremarketinsights.com/press-release/next-generation-packaging-market
FMI has also analysed the key end-use applications of next generation packaging market in its report. Food & beverages, and healthcare & pharmaceuticals sectors account for the bulk of the demand for next generation packaging market. According to FMI, the food & beverages segment is expected to account for nearly US$ 25.49 Bn by 2025. Furthermore, healthcare & pharmaceutical segment is expected to expand at 6.55% CAGR through 2025.
Region-wise, North America is the most lucrative market in terms of value, whereas Latin America is expected to expand at the highest CAGR through 2025.
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Key players in the global next generation packaging market include Bemis Company, Inc., WS Packaging Group, Inc., Sealed Air Corporation, Amcor Limited, West Rock Company (Formerly MeadWestvaco Corporation), Sonoco Products Company, Stora Enso Oyj, MULTIVAC, Active Packaging Ltd. and ULMA Packaging.
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Future Market Insights is a leading market intelligence and consulting firm delivering syndicated research reports, custom research reports and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS.
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