Asia-Pacific next generation packaging market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 7.2% in the forecast period of 2022 to 2029 and is expected to reach USD 4,141.99 million by 2029 from USD 2,377.40 million in 2021.
Next Generation Packaging Market Trends 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.
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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.
Market Analysis and Insights: Asia-Pacific Next Generation Packaging Market
Asia-Pacific next generation packaging market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 7.2% in the forecast period of 2022 to 2029 and is expected to reach USD 4,141.99 million by 2029 from USD 2,377.40 million in 2021.
Next generation packaging includes active, intelligent and modified atmosphere packaging. It is basically a packaging technology, which possesses different advanced features, such as traceability, offers various benefits such as product shelf life extension and provides product quality information. The term active packaging, intelligent packaging, smart packaging refer to packaging systems used for foods, pharmaceuticals, and several other types of 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 active 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 or can trigger active packaging functions, programmable matter, and smart materials among others
Asia-Pacific Next Generation Packaging Market Scope and Market Size
- On the basis of function, the Asia-Pacific next generation packaging is segmented into moisture control, temperature indicators, shelf life sensing, product tracking, and others. In 2022, the moisture control segment is expected to dominate the market as it is the most demanded packaging function to extend the shelf life of the product.
- On the basis of technology, the Asia-Pacific next generation packaging market is segmented into scavengers and susceptors, RFID tags, QR codes, NFC tags, coding markings, sensors output devices, and others. In 2022, the scavengers and susceptors segment is expected to dominate the market as it gives easy access of the product to consumers.
- On the basis of material, the Asia-Pacific next generation packaging market is segmented into plastic, paper, glass, corrugated board, metal, and others. In 2022, the plastic segment is expected to dominate the market due its availability of affordability of product for consumer.
- On the basis of application, the Asia-Pacific next generation packaging market is segmented into food, beverages, personal care, healthcare, logistics and supply chain, consumer electronics, and others. In 2022, the food segment is expected to dominate the market as the demand for packed food is increasing all over the world owing to the busy lifestyle of consumers.
Competitive Landscape and Asia-Pacific Next Generation Packaging Market Share Analysis
Asia-Pacific next generation 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, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to the Asia-Pacific next generation packaging market.
Key Players
Some of the major players operating in the Asia-Pacific next generation packaging market are LCR Hallcrest Ltd, Ampacet Corporation, WestRock Company, Tetra Pak, Scan and win, R.R. Donnelley Sons Company, Sonoco Products Company, Smart Packaging, Amcor Plc, CONSTANTIA FLEXIBLES, Klöckner Pentaplast, Graham Packaging Company, Avery Dennison Corporation, DS Smith, and Cryolog among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Asia-Pacific Next Generation Packaging Market
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-next-generation-packaging-market
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