Some of the key players that are profiled in the global advanced packaging technologies market are Landec Corporation, Sealed Air Corporation, Crown Holdings, Inc. Bemis Company, Inc, and Amcor Limited, finds Transparency Market Research (TMR).
These players are focusing on several organic and inorganic strategies to remain competitive in the advanced packaging technologies market. Some of the commonly adopted strategies of players are product innovation, business expansion and collaboration.
As per a report by TMR, the global advanced packaging technologies market is projected to rise at a healthy CAGR of 7.5%, during the forecast period that is from 2018 to 2026.
On the basis of geography, Asia-Pacific is expected to hold a majority of share in the advanced packaging technologies market. This is mainly due the booming food service industry coupled with shifting consumer preference towards packaged food & beverages. Based on technology, active packaging segment is gaining traction during the forecast period owing to their ability to enhance shelf life and properties of contained food on the packaging.
Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=26951
Lack of Standardization of Technologies to Impede Growth
The advanced packaging technologies market is expected to rise at a prominent pace in the coming few years. This is mainly due to the rising focus of the industry players to increase the shelf life of the products. Moreover, increasing consumption of convenience products such as packaged food & beverages has fuelled the demand for advanced packaging technologies globally.
Players in the packaging technology market are focusing on product innovations and developments to improve packaging quality and make it more efficient. Leading brand owners are planning to use advanced packaging technologies for their products to create brand differentiation and enhance the traceability of their products. This is a prominent factor behind the continuous growth of the packaging materials.
Some of the latest packaging techniques that are launched recently in the advanced packaging technologies market are tetra-packs, chip based packaging and bio based packaging. Some of the favourable properties that advanced packaging technologies offers are convenience to the end users, safer storage, ability to keep them fresh and extended shelf life.
Further, increasing consumer demand and trend of using packaging as a product marketing strategies is a prominent factor expected to fuel the growth of the global advanced packaging technologies market.
However, factors like additional end product costs, Lack of standardization and harmful effects of plastics on environment are some of the prominent factors expected to hamper growth in the advanced packaging technologies market. This is because it is making difficult for industry players to meet consumer’s demands, maintain product quality and generate profits.
Advent of Advanced Technologies Such as BGA and Flip-Chip to Offer Lucrative Gains
Nevertheless, advent of advanced packaging techniques such as integrated circuit (IC) is expected to offer new opportunities in the advanced packaging technologies market. Such packaging prevents physical damage and corrosion of the metallic parts and hence they are favourable for packaging of automotive equipment. Some of the other advanced packaging technologies are BGA, CSP, Flip-Chip, LGA, and PGA.
Further advanced-packaging technologies offers greater device connectivity, better control and lower power consumption compared with traditional packaging configurations. This are some other factors likely to bolster growth in the advanced pacakgig technologies market in the fourth coming years. .
The advanced packaging technologies market has been segmented as follows –
- Active Packaging
- Active Packaging Systems
- Oxygen Scavengers
- Moisture Scavengers/Absorbers
- Ethylene Absorbers
- Active Releasing Systems
- Antioxidant Releasers
- Carbon Dioxide Emitters
- Modified Atmosphere Packaging
- Temperature Control Packaging
- Anti-Corrosion Films
- Active Packaging Systems
- Smart and Intelligent Packaging
- TTI Tags & Labels
- Freshness Indicators
- Oxygen and CO2 Indicators
Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=26951<ype=S
- Meat, Poultry, and Seafood
- Fruits & Vegetables
- Ready to Eat Meals
- Dairy Foods
- Bakery & Confectionary
- Frozen Foods
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Industrial & Chemicals
- Cosmetics & Personal Care
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453