Demand for active smart packaging in the US will surge
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The latest survey by the US Freedonia Group shows that growing concerns about food safety and a strong demand for reducing the risk of perishable foods and drugs will stimulate the market's demand for smart packaging. It is understood that the demand for active and smart packaging in the US packaging industry will increase to 1.9 billion US dollars in 2013, an average annual increase of 8.3%.
As product prices decline and performance improves, the active and smart packaging markets will grow further. In addition, the public's high regard for food safety and the need to protect perishable foods will provide a strong boost to the growth of smart packaging. In addition to extending the shelf life of food, beverages, pharmaceuticals and other products, these smart packagings also carry the responsibility of improving product traceability.
There is no doubt that smart packaging will grow faster and faster, and will leapfrog by time-temperature indicators (TTIs) and other smart packaging systems. It is understood that many emerging intelligent packaging can improve the level of product differentiation at the most reasonable price, and provide them with tracking and various interactive functions.
The market for active packaging will increase to $1.7 billion in 2013, with an average annual growth rate of 7.1%, thanks to the large number of applications of oxygen scavengers in video, beverage and pharmaceutical packaging. Due to the current strong demand for low-cost single-layer deoxygenation systems, the use of disposable juice and tea bottles will increase rapidly. However, with the emergence of more mature products and applications, the market demand for temperature control and corrosion control packaging will slow down.
Food and beverages are the two largest markets for active and smart packaging in 2008, and their demand accounts for more than half of the total market demand. It is understood that the food and beverage market will grow by more than double digits in the next few years, and the pharmaceutical market will also maintain a very fast growth rate.