Active, smart and intelligent packaging solutions are used with food, pharmaceuticals and several other types of products to help extend shelf life, monitor freshness with temperature control, display information on quality, improve safety and improve user convenience.
A report by market intelligence and advisory firm, Mordor Intelligence, states that the active and intelligent packaging market was valued at U.S. $17.5 billion in 2019, and is expected to reach a value of $25.16 billion by 2025, registering a CAGR of 6.78% during the forecast period of 2020-2025. Demand is driven by the food processing companies to keep food fresh longer, especially during transit in the supply chain, in order to reduce food waste and promote more convenient packaging for consumers.