Next Generation Packaging Market Increasing at A Phenomenal Pace to Reach more than USD 47.34 Billion by 2032

Major companies in next generation packaging market Packaging are WestRock Company, Amcor Limited, Sealed Air Corporation, Sonoco Products Company, Stora Enso Oyj, MULTIVAC, Bemis Company Inc., WS Packaging Group Inc., and Ulma Packaging amongst others. These players are set to bolster the development of global next generation packaging market.

According to analysts at Zion Market Research, global Next Generation Packaging Market was valued at USD 26.54 Billion in 2023 and is projected to hit USD 47.34 Billion by 2032, with a compound annual growth rate (CAGR) of 6.64% during the forecast period 2024-2032

This review is based on a report by Zion Market Research, titled “Next Generation Packaging Market by Type (Active Packaging, Intelligent Packaging, and Modified Atmosphere Packaging), by Application (Food & Beverages, Healthcare and Pharmaceutical, Personal Care, Logistics & Supply Chain, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032”

Growing Demand for Innovative and Sustainable Packaging to Spur Growth

“A higher need to increase the shelf life of perishable food items is also propelling the growth of this market. Changing lifestyles in emerging economies are generating a demand for quality products with longer shelf lives,” says the author of this study. Apart from this, next generation packaging industry is being driven by factors such as advancements in packaging materials, increase in geriatric population, and a growing requirement for a sustainable packaging.

Global-Next-Generation-Packaging-Market

With the presence of a large pool of participants, the global next generation packaging market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). WestRock Company, Amcor Limited, Sealed Air Corporation, Sonoco Products Company, Stora Enso Oyj, and MULTIVAC are some of the key vendors of next generation packaging across the world. These players across next generation packaging market are focusing aggressively on innovation, as well as coming up with sustainable techniques of packaging. For instance, Amcor Limited in April 2019, launched AmLite Ultra Recyclable, its first packaging product made from a more sustainable high-barrier polyolefin film. The new high-barrier laminate can package a range of food, home, and personal care, and pharmaceutical products.

Presence of Big Players In The Region Support North American Dominance

Regionally, North America has been leading the worldwide next generation packaging market and is anticipated to continue on the dominant position in the years to come, states the next generation packaging market study. The presence of big players in the countries such as the US such as WestRock Company, Sealed Air Corporation, Sonoco Products Company, Bemis Company Inc., and Multivac is one of the key factors behind the dominance of the North America next generation packaging market.

Browse the full “Next Generation Packaging Market by Type (Active Packaging, Intelligent Packaging, and Modified Atmosphere Packaging), by Application (Food & Beverages, Healthcare and Pharmaceutical, Personal Care, Logistics & Supply Chain, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/next-generation-packaging-market

The global next generation packaging market is segmented as follows:

By Type

• Active Packaging
• Intelligent Packaging
• Modified Atmosphere Packaging

By Application

• Food & Beverages
• Healthcare & Pharmaceutical
• Personal Care
• Logistics & Supply Chain
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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