(Food-Beverage-News.Com, September 29, 2017 ) According to the report “Latin 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, The Latin America Active, Smart and Intelligent Packaging Market was worth USD 3.94 billion in 2016 and estimated to be growing at a CAGR of 6.93%, to reach USD 5.51 billion by 2021.
The packaging of a product not just ensures a secure and safe reach to the final user, but it also significantly affects the way the product is being presented to the consumers from the marketing perspective as well. The food and beverage packaging have shifted from traditional packaging to newer and advanced packaging. Traditional packaging only concerns itself with issues related to protection from factors which are external. However, advanced packaging has interactions related to both internal (active packaging) and external (intelligent packaging) with the environment; and betters the visual appeal of the products. That is why the manufacturers of food and beverages and packaging manufacturers are trying to find new ways by which chemical, physical and microbial textures change inside the packaged food.
Improved technological advancements such as smart packaging, active and intelligent packaging, and modified atmosphere packaging are now dominating traditional methods such as canning. Additionally, smart and active packaging also makes it easier to process bulk transportation. With the recent technological advancements, innovative packaging alternatives are now easily available for the manufacturers to increase their consumer outreach and capture more market share. The food industry in particular, which is currently booming, is the primary driver in the Latin America active, smart, and intelligent packaging market. Also, the escalating demand for packaging that can more effectively control moisture and gas is among the foremost drivers.
Latin America advanced packaging technology market is experiencing an over-all high growth due to the escalating demand for convenience food such as ready-to-cook meal, the requirement for sustainable packaging and stringent food safety regulations. Growing health awareness, food wastage concerns, and manufacturers’ demand for longer shelf life of the food products and supply chain inefficiencies are the other factors driving the growth of the market. Furthermore, the consumers’ assurance with regards to packaged food, the threat of bioterrorism, organized food safety regulations and increased applications in ready-to-eat meals and frozen foods have created opportunities for advanced packaging technology market.
The Latin America Active, Smart and Intelligent Packaging Market is majorly categorized by Application (Frozen processed food, Dairy, Packaged food, Chilled processed food, Dried processed food, Meat and poultry and Seafood). Based on Technology, the market is further segmented into Active Packaging, Modified atmosphere packaging and Intelligent Packaging. The Modified atmosphere packaging market accounted for the highest revenue in 2016 while Active and smart packaging technology is expected to grow at the fastest rate. On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Argentina and Mexico. The Active packaging market held the second highest market share, with the overall market share of about 30% in Latin America.
Some of the major companies dominating the Latin America Active, Smart and Intelligent Packaging Market, by their products and services include: • Multisorb Technologies • Ball Corporation • M&G USA Corporation • Sysco Corporation • Sealed Air Corporation • Amcor limited • Eastman Chemical Company • Timestrip PLC • Paksense Incorporated
Make an Inquiry before buying @ http://marketdataforecast.com/market- reports/latin-america-active-smart-and-intelligent-packaging-market-2378/inquire
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
Media Contact: Abhishek Shukla Sales Manager (International Business Development) Market Data Forecast www.marketdataforecast.com Direct Line: +1-888-702-9626; Mobile: +91 998 555 0206 Mail: abhishek@marketdataforecast.com Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
