The increasing demand for fresh and quality packaged food, consumer convenience and manufacturer concern for longer shelf life of the food products is driving the market for Global advanced packaging technology for food and beverage market. The global market for advanced packaging technology for food and beverage is expected to grow to $23.474 million in 2015, at an estimated CAGR of 8.2% from 2010 to 2015.
Amongst all market segments, modified atmosphere packaging commands the largest share in terms of value, while intelligent packaging leads in terms of growth. Freshness indicators and time temperature indicators are the major product segment in intelligent packaging, which is commanding the largest share due to increased application in packaged food, ready-to-eat meal and frozen food category. In terms of value, the active packaging technology contributes approximately 35% of the global advanced packaging technology.