Albany, NY -- (SBWIRE) -- 04/22/2019 -- The demand within the global market for active, intelligent, and smart packaging has been rising on account of advancements in the overall packaging industry. The product portfolio of several industries and sectors has increased over the past decade, and this has necessitated the need for better packaging.
Moreover, a number of fragile goods have been introduced by several vendors in the antiques industry. This factor has given an impetus to the growth of the global market for active, intelligent, and smart packaging. The use of strong, durable, recyclable, and shock-resistant packaging materials is the essence of active, intelligent, and smart packaging. The relevance of such materials for packaging has played a key role in market growth.
Growth of the Food Industry
Food packaging has become the most important dimension of the packaging sector, and has given an impetus to the growth of the global active, intelligent, and smart packaging market. The growing concerns with regard to the disposal of food wrappers, boxes, and plastic cups has led to the popularity of active, intelligent, and smart packaging.
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Moreover, the use of active, intelligent, and smart packaging in the e-commerce industry has also played a key role in the growth of the global market. Fragile products such as glassware and crockery are packaged with active, intelligent, and smart packaging materials.
Growth of the North America Market
The market for active, intelligent, and smart packaging in North America has been rising at a stellar rate in recent times. This owes to the presence of a stellar food and beverages industry in the US and Canada.
Companies Mentioned in the Research Report
Active, smart and intelligent packaging Market makes for an evolving market wherein new and technologically advanced products are of great essence. The key players in this market, such as Amcor Ltd., Graham Packaging Company Inc., Landec Corp., Ball Corp., Timestrip, plc, VIP Packaging, Sealed Air Corp., SYSCO Corp., Mitsubishi Gas Chemical, notice this requirement as are continuously investing on research and development to gain ground over their competitors.
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