Middle East and Africa Active, Smart and Intelligent Packaging market In-Depth Analysis with Booming Trends Supporting Growth and Forecast by 2028
Middle East and Africa Active, Smart and Intelligent Packaging Market – Industry Trends and Forecast to 2028
Market Analysis and Insights: Middle East and Africa Active, Smart and Intelligent Packaging Market
Middle East & Africa active, smart and intelligent packaging market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.8% in the forecast period of 2021 to 2028 and is expected to reach USD 7,528.57 million by 2028 from USD 4,856.39 million in 2020.
The terms active packaging, intelligent packaging, innovative packaging refers to packaging systems used for foods, pharmaceuticals, and several other types of products. They help extend shelf life, monitor freshness, display information on quality, improve safety, and improve convenience. These terms are closely related. For example- active packaging usually means having operational functions beyond the inert, passive containment and protection of the product, Intelligent and innovative packaging involves the ability to sense or measure an attribute of the product, the inner atmosphere of the package, or the shipping environment. This information can be communicated to users or can trigger active packaging functions, programmable matter, and smart materials, among others.
The recent trend indicates increasing demand for active, smart, and intelligent packaging as investments in public and private healthcare industries increase. The factors driving the growth of the market are raising health awareness among the general population, and continuous technological advancements in packaging. With the rapid growth of globalization and increase in mandates for food and beverages by various countries and regions, the global active, smart, and intelligent packaging market will witness an increased trajectory in the coming years. However, the high cost of packaging in the global active, smart, and intelligent packaging will restrict the market growth.
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