Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Next-generation packaging is an advanced packaging solution that offers various benefits in terms of product quality information and traceability. It helps in tracking and monitoring the product during the entire supply chain process from shipments to delivery of the product to the location. This ensures the safe delivery of the product to the consumer while preventing damages of the packaged materials. Food & beverages, personal care, healthcare & pharmaceuticals, and logistics are some of the major end-users of next-generation packaging.

The global next-generation packaging market is projected to surpass US$ 68.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 3.7% during the forecast period (2020 to 2027).

Drivers

Increasing demand for a product with longer shelf-life especially food products which are gaining huge demand across retailers as well as consumers are projected to augment market growth. Active packaging is mainly done to enhance the shelf-life of the product as it remove leftover oxygen from closed packets which extend the shelf-life of the product. Thus, growing need for a product with longer shelf-life is expected to augment the market growth of next-generation packaging.

Rapid urbanization and industrialization across developing regions along with the increasing trade worldwide is expected to propel the market growth of next-generation packaging. Moreover, growth in the packaging industry due to overall economic development coupled with the increasing disposable income of the consumer is driving demand for consumers goods is further expected to foster the market growth of next-generation packaging. 

Regionally, North America dominated the global next-generation packaging market in 2019, reporting 34% market share in terms of revenue, followed by Europe and Asia-pacific, respectively.

Figure 1. Global Next-Generation Packaging Market, Revenue Share (%), By Region, 2019

Next-Generation Packaging  | Coherent Market Insights

Market Restraints

The high cost of installation of next-generation packaging technology is expected to restrict the adoption of this technology. This is expected to hinder the market growth of next-generation packaging.

Privacy issues associated with the RFID next-generation packaging solution is expected to curb market growth. Moreover, limited commercial applications of certain next-generation packaging solution are also expected to hinder the market growth.

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Next-Generation Packaging Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 40.0 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 3.7% 2027 Value Projection: US$ 68.0 Bn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
  • Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa
Segments covered:
  • By Packaging Type: Active Packaging, Intelligent Packaging.
  • By Application: Food & Beverages, Healthcare & Pharmaceuticals, Personal Care, Logistics & Supply Chain, Others.
Companies covered:

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

Growth Drivers:
  • Increasing demand for a product with longer shelf-life especially food products
  • Rapid urbanization and industrialization across developing regions
Restraints & Challenges:
  • High cost of installation of next-generation packaging technology

Market Opportunities

Growing research and development expenditure by major players supported by favorable government policies is expected to serve major growth opportunities. Demand for next-generation packaging is surging across emerging economies due to changing lifestyle of the consumers creating demand for a quality product with longer shelf-life is expected to foster the market growth of next-generation packaging.

The growing export of automobiles around the globe is expected to provide lucrative opportunities to the market of the next-generation packaging. According to the European Automobile Manufacturers' Association, the European Union exported 6.1 million motor vehicles in 2018, worth US$ 156.32 billion. Therefore, the growing export of the automobile is expected to spur the market growth of the next-generation packaging over the forecast period. 

Figure 2. Global Next-Generation Packaging Market – Opportunity Analysis

Next-Generation Packaging  | Coherent Market Insights

Market Trends

Advancement in technology by major players supported by favorable government policies is the current major trend in the market. For instance, in March 2020, Aptar Food + Beverage, part of AptarGroup, has launched InvisiShield platform technology. The new product is a “first of its kind” anti-pathogenic packaging solution which can be integrated into sealed packages to protect fresh-cut produce from harmful pathogens like bacteria, fungi, and viruses.

Collaboration and agreement among next-generation packaging provider is a growing trend in the market. For instance, in Janurary 2018, Henkel and Selinko, the all-in-one Internet of Things (IoT) solution provider, have announced a collaboration agreement to expand and improve smart and interactive packaging solutions especially focusing on FMCG markets. Thus, such partnership and agreement among providers will favor the market growth of the next-generation packaging.

Figure 3. Global Next-Generation Packaging Market, Revenue Share (%), By Application, in 2019

Next-Generation Packaging  | Coherent Market Insights

On the basis of application, food & beverages dominated the global next-generation packaging market in 2019 with around 44% of market share in terms of revenue, followed by healthcare & pharmaceuticals and personal care, respectively.       

Global Next-generation packaging Market - Impact of Coronavirus (Covid-19) Pandemic

Key players functioning in the market are adopting new strategies in order to mitigate the impact of the Covid-19 pandemic. Rising demand for packaged food & beverage products among consumers across the globe has fuelled the growth of the market during the pandemic situation. This scenario is expected to continue with the extension of lockdowns in various countries across the globe in response to the Covid-19 pandemic.

Competitive Section

Key players are operating in the global next-generation packaging market are 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.

Few Recent Developments

  • In April 2019, Amcor has launched AmLite Ultra Recyclable, its first packaging product made from the company’s more sustainable high-barrier polyolefin film. The new high-barrier laminate can package a range of food, home, and personal care, and pharmaceutical products

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.

Key features of the study:

  • This report provides in-depth analysis of global next-generation packaging market size (US$ Billion), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading 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 the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
  • The global next-generation packaging market report caters to various stakeholders in this industry including investors, suppliers, global 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
      • Antimicrobials
      • Gas Scavengers
      • Gas Emitters
      • Others
    • Intelligent Packaging
      • Sensors
      • Indicators
      • Tags
      • Modified Atmosphere Packaging (MAP)
  • Global Next-generation packaging Market, By Application:
    • Traditional
    • Contemporary
  • Global Next-generation packaging Market, By Region:
    • North America
      • U.S.
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • Canada
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
    • Latin America
      • Brazil
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • Mexico
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • Rest of Latin America
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
    • Europe
      • France
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • Germany
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • U.K.
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • Russia
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • Rest of Europe
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
    • Asia Pacific
      • China
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • Japan
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • Australia
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • India
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • Rest of the Asia-pacific
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
    • Middle East & Africa
      • GCC
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • South Africa
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
      • Rest of Middle East & Africa
        • By Packaging Type
          • Active Packaging
            • Antimicrobials
            • Gas Scavengers
            • Gas Emitters
            • Others
          • Intelligent Packaging
            • Sensors
            • Indicators
            • Tags
            • Modified Atmosphere Packaging (MAP)
        • By Application:
          • Traditional
          • Contemporary
  • Company Profiles
    • Amcor Limited*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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.

 “*” marked represents similar segmentation in other categories in the respective.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Packaging Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Next-Generation Packaging Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Sodium Hypochlorite Market – COVID-19
    • Impact Analysis
  5. Global Next-Generation Packaging Market, By Packaging Type, 2017 - 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Active Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Antimicrobials
        • Gas Scavengers
        • Gas Emitters
        • Others
    • Intelligent Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Sensors
        • Indicators
        • Tags
        • Modified Atmosphere Packaging (MAP)
  6. Global Next-Generation Packaging Market, By Application, 2017 - 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Traditional
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Contemporary
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global Next-Generation Packaging Market, By Region, 2017- 2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • India
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Packaging Type, 2017- 2027 (US$ Billion)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Amcor Limited
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • WestRock Company
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Sonoco Products Company
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Sealed Air Corporation
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Stora Enso Oyj
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Bemis Company, Inc.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • MULTIVAC
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • WS Packaging Group, Inc.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Active Packaging Ltd.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • ULMA Packaging, S.Coop.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 45 market data tables* and 30 figures* on "Global Next-Generation Packaging Market” – global forecast to 2027

Frequently Asked Questions

The market for global next-generation packaging is forecast to surpass US$ 68.0 billion by 2027 witnessing a CAGR of 3.7% between 2020 and 2027.
Increasing demand for a product with longer shelf-life especially food products coupled with rapid urbanization and industrialization across developing regions is fuelling the growth of the global Next-generation packaging market in the region.
Advancement in technology by major players supported by favourable government policies which is expected to favor market growth over the forecast period.
High cost of installation of next-generation packaging technology is expected to hamper the growth the market during the forecast period.
Major players operating in the global next-generation packaging market include 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.
The global next-generation packaging market was estimated to be valued around US$ 40.0 billion in terms of revenue in 2019.
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