(Food-Beverage-News.Com, October 27, 2017 ) As per the report “North America Active, Smart and Intelligent Packaging Market by Application (Frozen processed food, Chilled processed food, Dried processed food, Dairy, Packaged food, Meat and poultry, Sea food), by Technology (Active Packaging, Modified atmosphere packaging, Intelligent Packaging), and by Region – Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, this Market was worth USD 7.27 billion in 2016 and estimated to be growing at a CAGR of 5.51%, to reach USD 9.51 billion by 2021.
North America Active, Smart and Intelligent Packaging Market Segmentation: • By Application: Introduction, Frozen processed food, Chilled processed food, Dried processed food, Dairy, Packaged food, Meat and poultry and Sea Food • By Technology: Introduction, Active Packaging, Modified atmosphere packaging and Intelligent Packaging • By Geography: Introduction, United States and Canada
Key Findings of the study: • North America Active, Smart and Intelligent Packaging Market will reach USD 9.51 billion by 2021 • Technological advancements like smart packaging, active and intelligent packaging, and modified atmosphere packaging are gaining over the traditional methods like canning. • Growing health awareness, food wastage concerns, and manufacturers’ concern for prolonged shelf life of the food products and supply chain inefficiencies are some other factors fuelling the growth of the market. • The modified atmosphere packaging market had for the highest revenue in 2016 while Active and smart packaging technology is estimated to grow at the highest rate. On the basis of geography, the North America market is analysed under various regions namely Canada and United States. • Some of the major companies dominating the market, by their products and services include Multisorb Technologies, Sealed Air Corporation, Amcor limited, Ball Corporation, Paksense Incorporated, Eastman Chemical Company, Timestrip PLC, M&G USA Corporation and Sysco Corporation.
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