NewswireToday - /newswire/ -
London, United Kingdom, 2008/05/28 - ReportBuyer.com, has added a new report showing that the global market for active controlled and intelligent packaging for the food and drink industry is expected to be worth $16.90 billion in 2008.
Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report showing that the global market for active, controlled and intelligent packaging for the food and drink industry is expected to be worth $16.9 billion in 2008. This is expected to increase to over $23.6 billion by 2013, experiencing a compound average annual growth rate (CAGR) of 6.9%.
“Active, Controlled and Intelligent Packaging for Foods and Beverages” reports that the market is broken down into applications of active, controlled and intelligent packaging. Of these, controlled packaging has the largest share of the market, expected to be worth nearly $7.7 billion by the end of 2008: this segment should reach $9.6 billion by 2013, a CAGR of 4.5%.
The report shows that in large part, the market share of this segment has to do with stringent regulations in the U.S. and the E.U. when it comes to packaging that in any way alters or reacts with the food product. Controlled packaging uses properties of the packaging rather than catalytic or other reactions between the packaging and the food product.
The authors of the report note that the second largest segment, active packaging, will be worth an estimated $4.6 billion in 2008 and should reach $6.4 billion by 2013. Some categories within this segment such as UV blocking packaging are forecast to show relatively high growth rates (CAGR of 12.3% over the study period).
“Active, Controlled and Intelligent Packaging for Foods and Beverages” shows that intelligent packaging will be a $1.4 billion segment in 2008, increasing to $2.3 billion over the next five years, for a CAGR of 11.4%. Technologies such as radio-frequency identification (RFID) have propelled many of the technologies used in intelligent packaging to more aggressive growth and market share positions.
“Active, Controlled and Intelligent Packaging for Foods and Beverages” is available from Report Buyer. For more information, see website.
Report Buyer product ID: BCC00193
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