Next Generation Packaging Market Trends, and Forecast 2016 - 2024

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Next Generation Packaging Market to Perceive Substantial Growth during 2024 Date: March 2, 2022 Author: Tech News

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Technological advancements in packaging techniques have led to the introduction of next generation packaging. Next generation packaging offers features such as traceability and provides product quality information. It is particularly helpful in tracing shipments to distant locations and ensures minimum damage to packaged materials. Next generation packaging market can be broadly classi ed into intelligent packaging, active packaging, and modi ed atmosphere packaging. Intelligent packaging involves the use of sensors, RFID tags, and indicators. While active packaging includes gas emitters, antimicrobials, and gas scavengers, modi ed atmosphere packaging replaces the air inside the packaging with a mixture of gases such as carbon monoxide, nitrogen, and carbon dioxide. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? ag=B&rep_id=11375

Gas scavengers, such as oxygen scavengers in active packaging, remove

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leftover oxygen from closed packets and increase product life. Active packaging is extensively used for automated packaging lines, bags, sacks, and quad packs in industrial packaging. Intelligent packaging and active packaging are anticipated to be high in demand in the near future. Next generation packaging is employed across end-use applications in various sectors such as health care and pharmaceuticals, food and beverages, logistics and supply chain, personal care, and others including automotive and industry. In order to increase the shelf life of perishable food products, next generation packaging is in high demand across the food and beverages industry. The global next generation packaging market is witnessing signi cant demand from the health care and pharmaceuticals sector. The market also holds considerable potential for growth with the rapid expansion of the e-commerce sector, where next generation packaging is widely deployed in logistics. Get a Customized Research Report @ https://www.transparencymarketresearch.com/sample/sample.php? ag=CR&rep_id=11375 Global Next Generation Packaging Market: Overview Growing demand from consumers for ef cient product packaging has boosted the growth of the global next generation packaging market. Advancements in packaging materials and the rising need for sustainable packaging techniques have further augmented the market’s growth. Extensive R&D of packaging technology, the introduction of advanced sensors, and growing adoption of QR codes are some of the latest trends in the global next generation packaging market. However, low awareness and the high cost of next generation packaging materials are expected to hamper the growth of the global next generation

packaging market. The cost of packaging materials plays an important role in the logistics and supply chain sector. As a result, the demand for advanced packaging materials is low from this sector. Limited commercial applications of certain types of next generation packaging will also restrain the overall market. For example, antimicrobial packaging has limited applications in the commercial sector and hence, the demand for this type of packaging is low. Get COVID-19 Analysis @ https://www.transparencymarketresearch.com/sample/sample.php? ag=covid19&rep_id=11375 Global Next Generation Packaging Market: Region-wise Outlook The global next generation packaging market has been segmented into four key regions: Europe, North America, Asia Paci c, and Rest of the World. While North America and Europe have been dominant regions in the market, the demand for next generation packaging is expected to surge across Rest of the World during the forecast period. Emerging economies in Latin America are witnessing rapid industrialization and are anticipated to contribute signi cantly toward the growth of the next generation packaging market in Rest of the World. Some of the prominent players in the global next generation packaging market are WestRock Company (formerly MeadWestvaco Corporation), Amcor Limited, Sealed Air Corporation, Sonoco Products Company, Stora Enso Oyj, MULTIVAC, Bemis Company Inc., WS Packaging Group Inc., and Active Packaging Ltd. The key market players are focused on expanding their business through mergers and acquisitions across emerging economies. The report offers a comprehensive evaluation of the market. It does so via indepth qualitative insights, historical data, and veri able projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the

report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php? ag=EB&rep_id=11375 About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail exible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the uni ed market intelligence engine. Sign Up for a 7 day free trial!

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