Next-generation packaging are the effective technologies which maintains the quality of food products or any other easily perishable products by modifying the atmosphere which surrounds the product within the packaging. Due to this, the shelf-stability of the product is enhanced to longer periods of time, freshness of the product remains intact and product worth is increases due to convenient packaging.

Market Dynamics

The global next generation packaging market has witnessed significant growth in recent past years, owing to the rising growth of food & beverages and pharmaceutical industry in emerging economies, which in turn has resulted the rise in demand for innovative packaging solutions. This is expected to foster the demand for next-generation packaging in the next few years.

Major players in the global next-generation packaging market are increasing their investment on innovative product launchings, research & development, and marketing & promotional activities to capitalize on emerging trends in various end-use industries, such as chemical, food & beverages, electrical & electronics, pharmaceuticals, and others. This scenario is expected to fuel the market during the forecast period.

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 significant 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.

Key features of the study:

• This report provides an in-depth analysis of global next generation packaging market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global next generation packaging market based on the following parameters– company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study includes Amcor Limited, WestRock Company, Sonoco Products Company, Sealed Air Corporation, Stora Enso Oyj, Bemis Company, Inc., MULTIVAC, WS Packaging Group, Inc., Active Packaging Ltd., and ULMA Packaging, S.Coop.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global next generation packaging market report caters to various stakeholders in this industry including investors, suppliers, next generation packaging manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global next generation packaging market.

Detailed Segmentation:

• Global Next Generation Packaging Market, By Packaging Type:
  • Active Packaging
  • Intelligent Packaging
• Global Next Generation Packaging Market, By Application:
  • Food & Beverages
  • Healthcare & Pharmaceuticals
  • Personal Care
  • Logistics & Supply Chain
•  Global Next Generation Packaging Market, By Region:
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • U.K.
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • Rest of Middle East & Africa
• Company Profiles
  • Amcor Limited
  • WestRock Company
  • Sonoco Products Company
  • Sealed Air Corporation
  • Stora Enso Oyj
  • Bemis Company, Inc.
  • MULTIVAC
  • WS Packaging Group, Inc.
  • Active Packaging Ltd.
  • ULMA Packaging, S.Coop.