Global Next Generation Packaging Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|全球下一代封裝市場：2021-2028 Global Next Generation Packaging Market - 2021-2028|
|出版日期: 2021年08月20日||內容資訊: 英文 180 Pages||
Next Generation Packaging Market Overview
Technological improvements in packaging techniques have led to the introduction of next-generation packaging. Next-generation packaging provides features such as traceability and offers product quality information. It is beneficial in tracing shipments to distant locations and ensures minimum damage to packaged materials. Moreover, adopting the QR code among various end-user industries is a significant trend in the market. Moreover, various companies are also adopting natural antioxidants in active food packaging applications for extending the shelf-life of the product is expected to augment the market growth of the next-generation packaging. In addition, the growing consumption of convenience, frozen, and ready-to-eat food products around the globe are further anticipated to fuel the market growth of the next-generation packaging.
The global next generation packaging market is estimated to reach US$ YY million by 2028 from the recorded market size of worth US$ YY million in 2020, growing at a CAGR of YY% during the forecast period (2021-2028).
Next Generation Packaging Market Dynamics
The increasing inclination of consumers towards advancement in packaging is triggering the demand for next generation packaging in recent times. Growing demand from pharmaceutical industry creates a strong opportunity for the next generation packaging market growth.
Increasing demand of next generation packaging from food industry is expected to drive the market size
Around 100 million tons of foods are spilled annually in the EU, nearly 30% of the agri-food supply chain, which leads to substantial environmental impacts (high carbon footprint and blue water footprint, vain land use, etc.). Food waste should grow to over 200 million tons by 2050, while an increment of 50% in food supplies will be needed globally. Even if the relationship between shelf-life and food waste is not straightforward, a huge part of food wastage is similar to the short shelf-life of a lot of fresh produce inherent to its biological origin.
Moreover, errors or misunderstandings of food date labels are estimated to cause over 20% of the avoidable disposal of still-edible food. Recently, packaging was identified as an essential element to address the critical challenge of sustainable food consumption and interest scientists. Packaging is a necessary element to food quality protection by mainly controlling vapor and gas exchanges with the external atmosphere, preserving food quality during storage, preventing food safety issues and extending food shelf-life.
When a food product is thrown away, the packaging is also abandoned, leading to an extra environmental burden. In our plastic-based economy, packaging materials are generally oil-based. Plastic world production grew by 4.19% between 2015 and 2016 to reach 334.89 million tons. Twenty-three million tons of plastic packaging are produced each year in Europe (92 million tons expected in 2050).
After an exclusively single and concise use inherent as food packaging, 40% ends up in landfills corresponding to 9 million tons of plastic packaging waste that is fated to accumulate in soils, 32% leak out of collecting and sorting systems and finally end in the soil and ocean. This soil litter and marine first degrade into micro-and then into nano-sized particles that could thus easily penetrate living organisms such as fish and then be fed up the food chain, all the way to humans with dramatic deleterious long-term adverse effects. If production and use remain within the current linear framework, and if extinction is done by 2050, there may be higher plastic than fish in the ocean by weight.
Increasing advancements in packaging material is expected to boost the market growth
The increasing advancements in packaging material and the increasing geriatric population, growing need for a sustainable packaging technique and growth of advanced sensors to track the packages during shipment of the products will also propel the market growth. On the other hand, increasing demand from consumers for efficient product packaging has boosted the growth of the global next-generation packaging market. Improvements in packaging materials and the growing need for sustainable packaging techniques have further increased the market's growth.
Extensive research & development of packaging technology, the introduction of advanced sensors, and the growing adoption of QR codes are some of the latest trends in the global next-generation packaging market. Other factors influencing the growth include the growing adoption of QR codes on packaging, increasing research and development spending on packaging technology, and developing advanced sensors to track the packages during shipment of the products. As a result, demand for next-generation packages will be boosted in the food and beverage segment.
Growing utilization of next generation packaging in pharmaceutical industry is expected to boost the market growth
Growth in the pharmaceutical packaging industry is primarily boosting the market growth due to increasing shipments of pharmaceutical drugs and devices to cater to growing needs around the globe is expected to propel the market growth of next-generation packaging. The pharmaceutical industry is responsible for the research, development, production, and distribution of medications. As a result, the market has experienced significant growth during the past two decades, and pharma revenues worldwide approx. US$ 1.25 trillion in 2019. In particular, much research has been done on the development of bio-packaging solutions, i.e., either bio-based packaging materials made from renewable resources and biodegradable materials.
High cost and low awareness about next generation packaging is expected to hinder the market growth
However, high cost and low awareness of next-generation packaging materials are expected to hinder the growth of the global next-generation packaging market. The cost of packaging materials plays an essential role in the supply chain and logistics sector. As a result, the demand for developed packaging materials is low in this sector. In addition, limited commercial applications of certain types of next-generation packaging will also hamper the overall market. For instance, antimicrobial packaging has limited applications in the commercial sector and hence, the demand for this type of packaging is low.
Next Generation Packaging Market Segment Analysis
By end-user, the market is segmented into food & beverages, healthcare & pharmaceuticals, personal care, logistics & supply chain, automotive and others.
Next-generation packaging is in high demand across the food & beverages industry to increase the shelf life of perishable food products. The food & beverages segment is expected to reach CHF 272,663 million in 2021 and is expected to grow at a CAGR of 8.20% during the forecast period. The market also holds significant potential for growth with the rapid expansion of the e-commerce sector, where next-generation packaging is widely deployed in logistics. As internet adoption and access are rapidly growing global, the number of digital buyers keeps rising every year. In 2020, over two billion people purchased services or goods online, and during the same year, e-retail sales exceeded US$ 4.38 trillion worldwide.
Moreover, the retail landscape has become highly competitive, with tremendous pressure coming from multiple retail formats. Traditional grocers work in the same market as hard discount stores, while physical stores benefit from online channels and new technologies. By mixing in-store grocery purchases with online orders, customers can create their own personal and unique shopping experience. In addition, food retail is changing along with critical shifts in customer behavior. An example of this is the surge of pre-portioned meal or food kits, which can be purchased in stores or subscribed to online for home delivery, enabling consumers to recreate the restaurant experience at home.
Furthermore, the growing adoption of RFID technology across the personal care and cosmetic industry is expected to be a significant trend in the market. RFID technology sustains the quality of the product and also helps in reducing waste of the product. Intelligent packaging solution is also growing popularity across the logistic sector as it helps in allowing anti-counterfeiting measures and offer accurate traceability of the products. Moreover, the data can be reclaimed by using any smart device such as smartphones. In 2017, the RFID technology market was forecast to generate some US$ 13.38 billion.
In addition, gas scavengers, such as oxygen scavengers in active packaging, separate leftover oxygen from closed packets and raise product life. Active packaging is widely used for automated packaging lines, quad packs, bags, and sacks in industrial packaging. Therefore, intelligent packaging and active packaging are expected to be high in demand during the forecast period.
Next Generation Packaging Market Geographical Analysis
Based on the geography, the next generation packaging market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa. The demand for next generation packaging in the North American market is expected to remain at the dominant position in sales and value generation due to the growing volume of trade and e-commerce in countries such as the U.S.
North America and Europe is expected to dominate the next generation packaging market during the forecast period
North America and Europe are the dominating regions in the market for next-generation packaging and are expected to rise globally during the forecast period. In addition, developing economies in Latin America are witnessing rapid industrialization and are expected to contribute significantly toward the next-generation packaging market's growth. Moreover, U.S. sales of edible groceries grew by 7.7% in 2020, a higher rate than the global average. Globally, traditional grocery store sales growth stayed at under 2% in 2019, while online grocery sales grew at a high growth rate. Looking at U.S. grocery stores, big supermarket chains with annual revenues above US$ 30 million reported a slight increase in-store opening over the last few years, while smaller chains saw a decline in their number of physical stores.
Furthermore, RFID is a technology using electromagnetic fields to identify automatically, track and tag objects. Finland, Belgium and Serbia were the three European countries with the most significant usage rate of RFID technology by enterprises in 2017. However, while there was an overall upwards trend towards enterprises using RFID technology, several countries listed lower rates of RFID adoption in 2017 than in 2014, such as Portugal, Denmark and Romania.
Next Generation Packaging Market Competitive Landscape
The next generation packaging market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. Amcor Limited, WestRock Company, Sonoco Products Company, Bemis Company Inc., WS Packaging Group Inc., Multivac, Ulma Packaging, Sealed Air Corporation, Active Packaging Ltd., Stora Enso Oyj are the major player in the chemical market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the next generation packaging market globally.
Overview: The company is a growing global organization producing and developing responsible packaging for beverage, food, medical, pharmaceutical, home & personal care and other products. The company has 230 sites with approx. 47,000 employees in more than 40 countries and had sales of US$ 12.5 billion.
The global next generation packaging market report would provide an access to an approx. 61 market data table, 58 figures and 180 pages.
LIST NOT EXHAUSTIVE