Press release
Next Generation Packaging Market Insights, Forecast to 2030
The Global Next-Generation Packaging Market reached US$ 27.4 billion in 2022 and is expected to reach US$ 45.8 billion by 2030, growing with a CAGR of 7.1% during the forecast period 2023-2030.
The global next-generation packaging market has evolved significantly, driven by factors such as the automotive industry's shift towards electric vehicles and the critical need for efficient battery thermal management systems. As lithium-ion batteries, essential to electric vehicles, are sensitive to temperature changes, advanced thermal management solutions are crucial for maintaining battery safety and performance. With active packaging holding a substantial market share and the Asia-Pacific region leading in adoption, driven by anti-counterfeiting measures and sustainability initiatives, the market continues to expand rapidly.
Market Dynamics
The surge in e-commerce, propelled by the COVID-19 pandemic, continues to drive advancements in next-generation packaging. In 2020, U.S. e-commerce sales surged by 32.4%, constituting 14% of total retail sales, underscoring the need for packaging that balances protection and cost-effective shipping. Innovations such as streamlined packaging to minimize waste and eco-friendly cushioning materials are emerging. Amazon's "Frustration-Free Packaging" initiative exemplifies efforts to reduce waste and enhance consumer experience by simplifying package opening.
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Segment Analysis
By Type
Active Packaging
Intelligent Packaging
Modified Atmosphere Packaging
By Function
Moisture Control
Temperature Indicators
Shelf-Life Sensing
Product Tracking
Others
By Technology
Scavengers and Susceptors RFID Tags
QR Codes
NFC Tags
Coding & Markings
Sensors & Output Devices
Others
By Material
Plastic
Paper
Corrugated Board
Others
By Application
Food
Beverages
Personal Care
Healthcare
Logistics & Supply Chain
Consumer Electronics
Others
Major Key Players
The major global players in the market include Amcor plc, Sealed Air, Klöckner Pentaplast, MicrobeGuard Corporation, TOPPAN INC., BALL CORPORATION, DuPont de Nemours, Inc., R.R. Donnelley & Sons Company, Vesta and Amerplast.
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Related Topics
Packaging Robots Market - https://www.datamintelligence.com/research-report/packaging-robots-market
Liquid Packaging Market - https://www.datamintelligence.com/research-report/liquid-packaging-market
Name: Sai K
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