The global next-generation packaging market is projected to surpass US$ 68.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 3.7% during the forecast period (2020 to 2027).

Increasing demand for a product with longer shelf-life especially food products which are gaining huge demand across retailers as well as consumers are projected to augment market growth. Active packaging is mainly done to enhance the shelf-life of the product as it remove leftover oxygen from closed packets which extend the shelf-life of the product. Thus, growing need for a product with longer shelf-life is expected to augment the market growth of next-generation packaging.

We have also focused on SWOT, PESTLE, and Porter’s Five Forces analyses of the global Next-Generation Packaging market. Leading players of the global Next-Generation Packaging Market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. 

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The major market players that are operating in the Next-Generation Packaging market are Amcor Limited, WestRock Company, Sonoco Products Company, Sealed Air Corporation, Stora Enso Oyj, Bemis Company, Inc., MULTIVAC, WS Packaging Group, Inc., Active Packaging Ltd., and ULMA Packaging, S.Coop.

The Coronavirus (COVID-19) pandemic has affected every aspect of life worldwide. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers to post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Next-Generation Packaging market. Furthermore, the report offers two separate market forecasts – one for the production side and another for the consumption side of the global Next-Generation Packaging market. It also provides useful recommendations for new as well as established players in this market.

Which Market Factors Are Explained In The Report?

The Next-Generation Packaging market is segmented according to type, application, and region. A complete explanation of the market accumulating methodology, the use of advancement, conclusions of the world market players have been given. The segmentation study identifies leading segments and explains key factors supporting their growth in the global Next-Generation Packaging market. The report then sheds light on product positioning, customers’ perception of market competition, customer segmentation, consumer buying behavior, customer needs, and target customers.

Next-generation packaging is an advanced packaging solution that offers various benefits in terms of product quality information and traceability. It helps in tracking and monitoring the product during the entire supply chain process from shipments to delivery of the product to the location. This ensures the safe delivery of the product to the consumer while preventing damages of the packaged materials. Food & beverages, personal care, healthcare & pharmaceuticals, and logistics are some of the major end-users of next-generation packaging.

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The Report Provides :

♦ Market overview

♦ Comprehensive analysis of the market

♦ Recent developments in the market

♦ Market development over the past few years

♦ Emerging segments and regional markets

In this study, the years considered to estimate the market size of Next-Generation Packaging Market are as follows:

History Year: 2013-2018
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2020 to 2027

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