Global Sterile Medical Packaging Market

The advanced packaging technologies market consists of sales of advanced packaging technologies by entities (organizations, sole traders, and partnerships) that provide various packaging techniques based on parameters such as power consumption, operating conditions, measurable size, and cost. Advanced packaging technologies are a collection of techniques that include 2.5D 3D-IC, wafer-level packaging, and more. It allows integrated circuits to be enclosed in a casing, which avoids metallic parts from corroding and physical damage. The main types of advanced packaging technologies are 3D integrated circuits, 2D integrated circuits, 2.5D integrated circuits, and other types. The 3D integrated circuit provides high bandwidth, small form factor, and multi-function integration in packaging. The various types of products include active packaging, smart and intelligent packaging, and are implemented in various verticals such as automotive and transport, consumer electronics, industrial, IT and telecommunication, and other end-user industries. The global advanced packaging technologies market size is expected to grow from $5.03 billion in 2021 to $5.71 billion in 2022 at a compound annual growth rate (CAGR) of 13.7%. The global advanced packaging technology market size is expected to grow to $8.95 billion in 2026 at a CAGR of 11.9%. The growing demand for consumer electronics is expected to drive the growth of the advanced packaging market in the coming years. Any electronic equipment intended to be bought and used by end-users or individuals for regular and non-commercial/professional purposes is referred to as consumer electronics (CE). Electronic devices must give more functionality with more processing power and faster speeds, resulting in increased module complexity. Advanced packaging technologies provide very reliable materials, function well, and are minimal in cost. For instance, global consumer electronics revenues are predicted to expand by 3.6% year over year (YoY) to $1.06 trillion in 2021. Additionally, according to the India Brand Equity Foundation (IBEF) report, in 2019, the Indian appliance and consumer electronics (ACE) industry were valued at $10.93 billion (Rs. 76,400 crores), and it is predicted to double by 2025, reaching $ 21.18 billion (Rs. 1.48 lakh crore). Therefore, the growing demand for consumer electronics propels the growth of the advanced packaging market. The growing technological advancements are shaping the advanced packaging technologies market. Major companies operating in the advanced packaging technologies sector are focused on developing technological solutions for advanced packaging to expand their leadership in semiconductor solutions. For instance, in May 2021 Samsung Electronics, a South Korea-based electronics company launched Interposer-Cube4 (I-Cube4), an advanced chip packaging technology for high-performance applications. Interposer-Cube4 (I-Cube4), a 2.5D packaging technology improves communication and power effectiveness among logic and memory chips and is projected to be widely used in sectors such as high-performance computing, artificial intelligence (AI), 5G, cloud, and the largest data center applicants. In December 2020, Graham Partners, Inc, a US-based private investment firm focused on investing in technology-driven companies acquired flexible packaging converting the business from Berry Global for an undisclosed amount. The flexible packaging converting business will be combined with Graham Partners’ flexible packaging portfolio company, Advanced Barrier Extrusions LLC. Through this acquisition, ABX expands geographically, adds attractive categories such as personal care and healthcare packaging, and increases its revenue by over $200 million, according to Graham Partners. Berry Global is a US-based manufacturer and marketer of advanced plastic packaging products. Major players in the advanced packaging technologies market are Amkor Technology, Intel, Advanced Semiconductor Engineering (ASE), Taiwan Semiconductor Manufacturing Company, Samsung Electronics, STATS ChipPAC, Qualcomm Technologies, IBM, Brewer Science, and SÜSS Microtec. Asia Pacific was the largest region in the advanced packaging technologies market in 2021. The regions covered in the global advanced packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the advanced packaging technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global advanced packaging technologies market is segmented - 1) By Type: 3D Integrated Circuit, 2D Integrated Circuit, 2.5D Integrated Circuit, Others 2) By Product: Active Packaging, Smart and Intelligent Packaging 3) By End-Use Industry: Automotive and Transport, Consumer Electronics, Industrial, IT and Telecommunication, Others

The aseptic packaging market consists of sales of aseptic packaging by entities (organizations, sole traders, or partnerships) that involves separately sterilizing both, the package and the product before filling, to produce shelf-stable products that do not need refrigeration. This decreases the probability of contamination and makes the product contents safer. The products are placed into the container or packaging cover in a sterile environment. This method uses extremely high temperatures to maintain the freshness of the contents while ensuring it is not contaminated with microorganisms. The main types of aseptic packaging are cartons, bags and pouches, bottles and cans, ampoules, and others. Aseptic bags and pouches are made by using polyethylene particles and offer low-temperature resistant performance, good chemical stability and electrical insulation properties. The materials used in aseptic packaging are plastic, paper, and paperboard, metal, glass, and wood. This aseptic packaging is used by food, beverage, pharmaceutical, and other industries. The global aseptic packaging market size is expected to grow from $58.05 billion in 2021 to $63.57 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The aseptic package market is expected to grow to $93.1 billion in 2026 at a CAGR of 10%. The increase in demand for convenience food products with a longer shelf life and safe hygiene packaging is expected to drive the growth of the aseptic packaging market in the forecast period. For instance, the global processed snacks market is expected to increase from $96.9 billion in 2021 to $142.0 billion by 2025. Therefore, the growing demand for convenience and processed food drives the growth of the aseptic packaging market Companies in the aseptic packaging market are focusing on the development of single-use passive for ensuring maximum safety and reducing wastage. Single-use passive refers to transferring the contained and sterile contents between manufacturing process steps and facilities. It also creates an agile manufacturing environment and lowers the toxicity when mixing to make a final product, thus saving time and cost associated with cleaning, maintenance and validation. For instance, in April 2019, Charge point technologies that provide contained and sterile transfer solutions launched of the single-use passive and ChargeBag PE-S with new HiPure ULP7 PE film. The charge bag and single-use passive together form a high-performance, one-time-use package for the sterile and closed transfer of pharmaceutical powders between various manufacturing facilities. In June 2019, Amcor, a Switzerland-based packaging company that offers packaging products for food, beverages, and healthcare announced the acquisition of Bemis Company, Inc. for a deal amount of $6.8 billion. Through the acquisition of Bemis Company, Inc. Amcor expands its business operations that help in strengthening the value proposition of Amcor and generate significant value for shareholders. Bemis Company, Inc. is an USA-based company that manufactures flexible packaging products and pressure-sensitive materials that includes aseptic packaging. Major players in the aseptic packaging market are Reynolds Group Holdings Limited, Amcor Limited, Tetra Laval International S.A, Greatview Aseptic Packaging Co. Ltd., Tetra Pak International SA, Sig Combibloc AG, SIG Combiboc Obeikan, ELOPAK Group, Sealed Air Corporation, DS Smith Plc and UFlex Limited. Asia-Pacific is the largest region in the aseptic packaging market in 2021. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the aseptic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aseptic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global aseptic packaging market is segmented - 1) By Type: Cartons, Bags and Pouches, Bottles and Cans, Ampoules, Others 2) By Material: Plastic, Paper and Paperboard, Metal, Glass, Wood 3) By Application: Food, Beverage, Pharmaceutical, Others

The flexible plastic packaging market consists of sales of flexible packaging by entities (organizations, sole traders, and partnerships) that manufacture flexible plastic packaging. Flexible packaging is economical and convenient way to package, preserve, and distribute food items, pharmaceuticals, cosmetic & personal care items, consumer storage and other consumables. Flexible plastic packaging involves various types of plastic material used for packaging different products such as snacks, beverages, vegetables, and others. Plastic materials used in flexible plastic packaging include polyethylene, polypropylene, polystyrene, and polyvinyl chloride among others. The main types of flexible plastic packaging include stand-up pouches, flat pouches, roll stock, gusseted bags, wicketed bags, wraps, others. Stand-up pouches are also known as doypack and are soft-sided containers that stand up on their own without any support. The technologies used in flexible plastic packaging includes flexography, rotogravure, digital printing and others. The flexible plastic packaging is used to pack a variety of items such as food, beverage, pharms & health care, personal care & cosmetics. The global flexible plastic packaging market size is expected to grow from $151.92 billion in 2021 to $158.88 billion in 2022 at a compound annual growth rate (CAGR) of 4.6%. The flexible plastic package market is expected to grow to $191.56 billion in 2026 at a CAGR of 4.8%. The increasing consumption of processed and packaged food will drive the growth of the flexible plastic packaging market in the forecast period. Packaged foods are food products that have been frozen, canned, cooked, packaged, or changed in nutritional composition and are preserved or fortified in different ways. Food brands are adopting flexible plastic packaging it consists of different types of packages that are easily molded. Therefore, high consumption of processed and packaged food propelled the demand for flexible plastic packaging during the period. Rise in environmental concerns limited the growth of the flexible plastic packaging market during the historic period. Non-recyclable plastic bags have become a leading source of pollution globally. There are concerns about plastic in waste and in marine litter. Heaps of plastic litters have been found on several beaches across the world, clogs city sewers and fuels a massive flow of plastic waste, killing wildlife including sea animals. In response, many countries have instituted stringent rules to control the use of plastic bags. China, for example, has issued complete bans on plastic bags. These concerns proved to be a challenge to the flexible plastic packaging industry. The launch of innovative packaging to attract more customers and expand the customer base of the company is a key trend in flexible plastic packaging. The companies operating in the flexible packaging market are focusing on manufacturing innovative and sustainable packaging solutions for end-users. For example, in February 2021, FreeForm Packaging AB, a Sweden-based packaging company launched one-sided stretchable paper laminate which is based on 85% paper. Stretchable paper laminate has two layers of fiber form, a thin layer of polyethylene is present on one of the layers which protects packaging and content. In March 2019, C-P Flexible Packaging, a USA-based innovative custom manufacturer and printer of flexible packaging, pouches, bags, shrink sleeves, and roll-fed labels acquired Flexo Transparent LLC for an undisclosed amount. This acquisition will substantially increase the range of product offerings and manufacturing capabilities to strengthen the value of C-P Flexible Packaging. Additionally, the acquisition also focuses on expanding C-P Flexible Packaging presence in the Northeast USA. Flexo Transparent LLC is a USA-based company engaged in manufacturing and selling flexible plastic packaging products. Major players in the flexible plastic packaging market are Constantia Flexibles, Amcor Limited, Berry Global Inc, Clondalkin Group Holdings BV, ProAmpac, Coveris, Bemis Company Inc, Bischof + Klein Se & Co Kg, Aluflexpack Ag, Cosmo Films Limited, and C-P Flexible Packaging. Asia Pacific was the largest region in the flexible plastic packaging market in 2021. The regions covered in the flexible plastic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the flexible plastic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global flexible plastic packaging market is segmented - 1) By Type: Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags, Wraps, Others 2) By Technology: Flexography, Rotogravure, Digital Printing, Others 3) By Application: Food, Beverage, Pharma and Health Care, Personal Care and Cosmetics, Others

The fresh meat packaging market consists of sales of packaging materials used to preserve fresh meat and forms of fresh meat products. The fresh meat packaging industry includes some traditional packaging solutions including changed atmosphere packaging, vacuum skin packaging, and vacuum thermoformed packaging. Such packaging solutions provide efficient transport and increase the storage of meat products by ensuring the fresh and timely distribution of meat products. The main types of packaging formats used in the fresh meat packaging market are modified atmosphere packaging (MAP), vacuum skin packaging (VSP), and vacuum thermoformed packaging (VTP). Modified atmosphere packaging is a packaging system that involves a gaseous atmosphere surrounding the food product at an acceptable level for the preservation of food. The different types of materials used to manufacture packages are PE, PVC, BOPP, PA, EVOH, PP and are used to pack a variety of meats such as beef, pork, and poultry. The global fresh meat packaging market size is expected to grow from $2.5 billion in 2021 to $2.67 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The fresh meat package market is expected to grow to $3.45 billion in 2026 at a CAGR of 6.6%. The increased consumption of meat is contributing to the growth of the fresh meat packaging market. According to estimates from a study by the Australia Department of Agriculture Water and the Environment, meat consumption for last 20 years grew by 58% crossing 360 million tons. In 2019, the per capita meat consumption in Spain was 46.2 kilograms, of which chicken was the most consumed fresh meat. The increase in consumption of meat contributed to the growth of the market. The growth of fresh meat packaging is limited by the change of customer preferences towards vegan food products due to growing awareness of the health benefits of vegan food. Moreover, according to an NCBI report, intake of red meat has been reported to raise the risk of incident coronary heart disease, stroke, and other illnesses that cause health problems. Besides, according to a report by science daily, consumption of red meat, processed meat, or poultry may cause a 3-7% higher risk of cardiovascular diseases and a 3% higher risk of all causes of death. The deteriorating health conditions with consumption of meat has turned the customers to vegan option for better health, thereby negatively impacting fresh meat packaging market. The fresh meat packaging industry has been witnessing a rise in interactive and smart packaging to increase customer satisfaction. Smart packaging improves product's shelf life, monitor freshness, maintain quality and improve safety and convenience with a transparent view of the product creating a fresh appeal to the consumer's eye. The use of modern technologies such as barcodes, radio-frequency identification (RFID) devices, QR codes, near-field communication (NFC) provides meat processing companies with various information including product information and the expiry date. For instance, Foster Farms, a leading poultry firm, has introduced a cooperative and engaging package called DORI. Using QR code, data such as more than 500 fresh chicken recipes and a guide to terminology for poultry labeling can be accessed by users. In May 2019, Sealed Air Corporation a packaging company acquired Automated Packaging Systems for a deal amount of $510 million on a cash and debt-free basis. The deal will expand its protective packaging business with complementary solutions and services in the US. Automated packaging systems provides full flexible packaging systems, including industry-leading equipment, sustainable materials, and technical services. Major players in the fresh meat packaging market are E.I. du Pont de Nemours & Co, Bemis Company, Inc., Berry Plastic Group, Winpack Ltd., Sealed Air Corp., Crown Holdings, Coveris Holdings S.A., Amcor Plc, Coveris Management GmbH, Crown Holdings Inc., and DuPont de Nemours Inc. The regions covered in the fresh meat packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fresh meat packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global fresh meat packaging market is segmented - 1) By Packaging Format: Modified Atmosphere Packaging (MAP), Vacuum Skin Packaging (VSP), Vacuum Thermoformed Packaging (VTP), Others 2) By Meat Type: Beef, Pork, Poultry, Others 3) By Material Type: PE, PVC, BOPP, PA, EVOH, PP, Others

The pharmaceutical packaging equipment market consists of sales of pharmaceutical packaging equipment by entities (organizations, sole traders, and partnerships) that are used for packaging of all pharmaceutical products, using flexible, and heat-sealable material to form packages that are filled with a product and then sealed. Pharmaceutical packaging, also known as drug packaging, is defined as the packages and packaging processes used for pharmaceutical products. The main types of products of pharmaceutical packaging equipment are primary packaging equipment, secondary packaging equipment, and labeling and sterilization equipment. Primary packaging equipment is in direct contact with the product itself and is referred to as a consumer unit. Primary packaging is what directly encases and contains the drug product. The various packaging types include liquids packaging equipment, solid packaging equipment, and semi-solid packaging equipment. The various types of pharmaceutical packaging equipment are blenders, granulators, tablet pressers, tablet coating machines, and allied machines that are administered through injectable administration, topical administration, and oral administration. The global pharmaceutical packaging equipment market size is expected to grow from $8.81 billion in 2021 to $9.88 billion in 2022 at a compound annual growth rate (CAGR) of 12.1%. The global pharmaceutical packaging market size is expected to grow to $14.25 billion in 2026 at a CAGR of 9.6%. An increase in the aging population is expected to increase the prevalence of age-related ailments, thus contributing to the growth of the pharmaceutical drugs and pharmaceutical packaging equipment market. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC) report, the population aged 65 years and above is expected to reach approximately 71 million by 2030 and 98 million by 2060 in the USA. It is estimated by 2030, China will have nearly half of the Parkinson’s disease population in the world, which can be attributed to the country’s aging population. This expected increase in the aging population suffering from age-related ailments is projected to drive the pharmaceutical packaging equipment market. The automatic packaging machine is increasingly utilized in the pharmaceutical packaging equipment market. The machine automatically supplies packing materials and contents, and other machines of the packaging process can be done automatically. For instance, In July 2020, OPTIMA Packaging Group, a Germany-based company that designs and builds packaging equipment for pharmaceutical, consumer, nonwovens, and life science products launched OPTIMA FPA. It is a unique platform that can assemble pen injectors both fully or semi-automatically. It is especially suitable as an entry-level system. Another new feature of the Optima FPA is the choice of adding a printer connected with 360-degree labeling. This product launch has increased the company’s automated packaging solutions portfolio. In February 2021, ProMach, a US-based packaging machinery company acquired Serpa Packaging Solutions for an undisclosed amount. The addition of Serpa brings automated cartoning systems into ProMach’s portfolio and significantly expands ProMach’s specialized secondary packaging machinery and line integration capabilities for the rapidly growing pharmaceutical industry. Serpa Packaging Solutions is a US-based company that designs and manufactures pharmaceutical packaging equipment. Major players in the pharmaceutical packaging equipment market are Körber AG, Uhlmann Group, Marchesini Group S.p.A, Optima Packaging Group, Romaco Holding GmbH, MG2 s.r.l, Robert Bosch GmbH, Industria Macchine Automatiche S.p.A, Vanguard Pharmaceutical Machinery, and Accutek Packaging Equipment Companies. North America was the largest region in the pharmaceutical packaging equipment market in 2021. Asia Pacific was the second-largest market in the global pharmaceutical packaging equipment market. The regions covered in the global pharmaceutical packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the pharmaceutical packaging equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global pharmaceutical packaging equipment market is segmented - 1) By Product: Primary Packaging Equipment, Secondary Packaging Equipment, Labelling and Sterialization Equipment 2) By Packaging Type: Liquids Packaging Equipment, Solid Packaging Equipment, Semi-Solid Packaging Equipment 3) By Equipment Type: Blenders, Granulators, Tablet Pressers, Tablet Coating Machine, Allied Machines 4) By Mode of Administration: Injectable Administration, Topical Administration, Oral Administration

The plastic alternative packaging market consists of sales of plastic alternative packaging by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing plastic alternative packaging products. Plastic alternative packaging products are innovative eco-friendly alternatives to traditional materials and include biodegradable packaging, packaging products made from recycled materials, and plant-based packaging. Only goods and services traded between entities or sold to end consumers are included. The main types of plastic alternative packaging are starch-based plastic, cellulose-based plastics, polylactic acid (PLA), polyhydroxyalkanoates (PHA), others. Starch-based plastics are created from polylactic acid (PLA), which is produced from fermented carbohydrates such as cornstarch. The various process includes recyclable, reusable, biodegradable and are used in food and beverage, personal care, health care and other applications. The global plastic alternative packaging market size is expected to grow from $71.08 billion in 2021 to $78.08 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The plastic alternative package market is expected to grow to $96.91 billion in 2026 at a CAGR of 5.5%. Growing environmental concerns associated with plastic usage is a major driver for the growth of the plastic alternative packaging market. Plastic products consist of deadly pollutants and cause harmful effects on humans, animals, and the environment. Customers are interested in eco-friendly packaging options to find the replacement of plastic packaging. According to the World Economic Forum’s report published in October 2019, approximately 13 million tons of plastic waste leaks into our oceans every year, causing unimaginable damage to biodiversity, marine life, and human health. Most plastics are non-biodegradable attributing to the material versatility. Rising inclination towards alternatives to plastics has attracted businesses worldwide, which contributes to the growth of the plastic alternative packaging market. The high cost of plastic alternative packaging products is projected to limit the growth of the plastic alternative packaging market over the forecast period. Biodegradable plastic packaging materials are expensive as compared to non-biodegradable materials. For instance, the cost of CycleWood's biodegradable plastic bags is around 1.5 cents per unit compared with 1.2 cents for traditional plastic bags. Additionally, biodegradable materials are 2 to 10 times more costly to produce than relative non-biodegradable materials. Thus, high cost is likely to restrict the growth of the plastic alternative packaging market. Advances in technology is a major trend in the plastic alternative packaging market. Major companies dealing in the market are continuously focusing on introducing innovative and sustainable packaging solutions for various industries to maintain their position in the competitive business environment and to meet end-user requirements. For instance, in January 2021, Sealed Air Corporation, has launched a new version of bubble wrap brand packaging material that is made with at least 90% recycled content. The recycled content used to make bubble wrap brand packaging is sourced from post-industrial materials that would otherwise end up in landfills. In June 2019, Amcor plc., an Australia-based company engaged in producing packaging for food, beverage, pharmaceutical, medical, home- and personal care, and other products acquired Bemis company Inc. for $6.8 billion. The acquisition of Bemis Company, Inc. brings new scale, skills, and footprint that will grow Amcor’s industry-leading value plan to create a global consumer packaging giant. Bemis Company, Inc. is a US-based manufacturer of flexible packaging products and pressure-sensitive materials. Major players in the plastic alternative packaging market are Amcor Limited, Tetra Pak, Sealed Air Corporation, Plastic Suppliers Inc., Kruger Inc., Mondi, International Paper Company, Smurfit Kappa Group PLC, DS Smith PLC, Klabin SA, Rengo Co. Ltd and Bemis Company Inc. North America was the largest region in the plastic alternative packaging market in 2021. The regions covered in the plastic alternative packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the plastic alternative packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global plastic alternative packaging market is segmented - 1) By Type: Starch-Based Plastic, Cellulose-Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Others 2) By Process: Recyclable, Reusable, Biodegradable 3) By Application: Food and Beverage, Personal Care, Health Care, Others

The nutraceutical packaging market consists of sales of nutraceuticals packaging products by entities (organizations, partnerships, and sole traders) that include the food products offered in medical form. Nutraceutical packaging is used to pack foods such as herbal products, processed food items (examples: beverages, cereal, soup), dietary supplements, genetically engineered food, isolated nutrients to prevent contamination. The main types of products in nutraceutical packaging are polyester, paper, BOPP, aluminum, metallzed polyester, others. Polyester, also known as PET, is a chemically resistant material that does not react with food or liquids. It is also shatter-resistant and can be used to build containers instead of glass. The different packaging types include bottles, cans and jars, bags and pouches, cartons, stick packs, blister packs, others and uses various materials such as metal, glass, paperboard, plastic, polyethylene, polypropylene, others. It is used by several sectors including food and beverages, pharmaceuticals, consumer goods, nutraceuticals, others. The global nutraceutical packaging market size is expected to grow from $3.41 billion in 2021 to $3.73 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The nutraceutical package market is expected to reach $4.68 billion in 2026 at a CAGR of 5.8%. The shift towards a healthier lifestyle is expected to propel the growth of the nutraceutical packaging market going forward. People are getting more interested in natural food products that provide a direct therapeutic advantage because consumer awareness and knowledge about the relationship between health and nutrition is increasing. Nutraceutical food provides medical or health benefits that include the prevention or treatment of a disease. For instance, according to a poll by E times in 2021, the Covid-19 pandemic has transformed Indians' attitudes toward health, with 70% saying they will prioritize food and lifestyle adjustments in 2021 to manage both physical and emotional health. Therefore, the increasing adaption of a healthy lifestyle is driving the growth of the nutraceutical packaging market. Artificial Intelligence is a key trend gaining popularity in the nutraceutical packaging market. Major companies operating in the nutraceutical packaging sector are adopting new technologies such as artificial intelligence to meet the demand of customers. For instance, in July 2020, Efficacy AI, a US-based firm, launched MedicascyAI, which employs artificial intelligence to help nutraceutical and supplement companies bring new products to market faster. The MEDICASCY artificial intelligence solutions network (MedicascyAI) will help the nutraceutical business rely less on secondary science and steer primary research toward more fruitful outcomes. In May 2019, SGH Healthcare Group, a France-based manufacturer of standard and smart plastic solutions acquires Eskiss Packaging for an undisclosed amount. Through this acquisition, SGH Healthcare expects to become Europe's leading plastic processing firm for medical devices, as well as explore new potential in the nutraceutical industry. Eskiss Packaging is a France-based nutraceutical packaging company. Major players in the nutraceutical packaging market are Glenroy Inc., Maco Bag Corporation, JohnsByrne, Birchwood Contract Manufacturing, NuEra Nutraceuticals Inc., MOD-PAC Corp., Hughes Enterprises, Amgraph Packaging Inc., Amcor Limited, Constantia Flexibles, Huhtamäki Oyj, Mondi plc and Sonoco. North America was the largest region in the nutraceutical packaging market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nutraceutical packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nutraceutical packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global nutraceutical packaging market is segmented - 1) By Product Type: Polyester, Paper, BOPP, Aluminum, Metallized Polyester, Others 2) By Packaging Type: Bottles, Cans and Jars, Bags and Pouches, Cartons, Stick Packs, Blister Packs, Others 3) By Material Type: Metal, Glass, Paperboard, Plastic, Polyethylene, Polypropylene, Others 4) By End-User: Food and Beverages, Pharmaceuticals, Consumer Goods, Nutraceuticals, Others

The eco-friendly food packaging market consists of sales of eco-friendly food packaging products by entities (organizations, sole traders, and partnerships) that are made out of recycled materials. Eco-friendly packaging is defined as any packaging which is easy to recycle, reuse, compostable, or biodegradable, as well as safe for people and the environment. It involves the use of materials and production methods that have the least amount of impact on natural resources and energy consumption. The main types of eco-friendly food packaging are recycled content packaging, reusable packaging, and degradable packaging. The degradable eco-friendly food packaging is a substitute for petrochemical-based polymers. The common biodegradable materials used in food packaging are chitosan, starch, gelatin cellulose, and polylactic acid. The different materials include paper and paperboard, metal, glass, plastic, others and use various techniques such as active packaging, molded packaging, multipurpose packaging, alternate fiber packaging. The various applications include food and beverages, bakery and confectionery, dairy products, meat products, fruits and vegetables, convenience food, and others. The global eco-friendly food packaging market size is expected to grow from $196.26 billion in 2021 to $211.56 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The eco-friendly food package market is expected to reach $280.10 billion in 2026 at a CAGR of 7.3%. The growing consumer awareness about the drawbacks of using single-use and non-degradable plastic products for food packaging is driving the growth of the eco-friendly food packaging market. Widespread usage of single-use and non-degradable plastic packaging products affects the environment adversely. Plastic takes hundreds of years to decompose in a landfill and for such a long period the plastic waste will be there in the surroundings and cause several harms to the environment and ultimately harms the life of plants, animals, and human beings. For instance, according to the World Economic Forum report, countries such as Germany and Austria are the leaders in recycling wastes at the rate of 56% and 52% respectively. In addition, some countries, such as Wales, have set lofty recycling goals for themselves. Wales is aiming for zero waste by 2050, while the EU is considering setting a new 2030 target of at least 65%. Therefore, increasing awareness among the consumer about the hazards of using plastic products for food packaging is expected to propel the growth of the eco-friendly food packaging market over the coming years. Technological advancement is a key trend gaining popularity in the eco-friendly packaging market. Major market players are concentrating their efforts on creating innovative technologies for migrating to environmentally friendly food packaging solutions to reduce environmental impact and keep plastic out of landfills and seas. For example, in July 2019, Nestle, a Switzerland-based food company introduced a new recyclable paper wrapper for its YES! snack bars by using high-speed flow wrap technology. The possibility for recyclable paper packaging to be widely employed in the confectionery sector has been unlocked as a result of this launch. Till now, the only way to produce shelf-stable snacks at fast speeds was to use plastic films and laminates. Paper can now be utilized in huge quantities while maintaining product quality and freshness throughout the shelf life. In July 2021, ProAmpac, a US-based company engaged in offering sustainable and creative packaging products acquired Ultimate Packaging Ltd for an undisclosed amount. With this acquisition, ProAmpac broadens its sustainable product portfolio, improves its position in creative food packaging, and expands its reach across the UK. Ultimate Packaging is a UK-based company involved in offering creative packaging solutions and state-of-the-art printing techniques. The company gives its support throughout the supply chain with various innovative packaging products that are environmentally friendly. Major players in the eco-friendly food packaging market are Amcor, Mondi plc, Sealed Air Corporation, Ball Corporation, Tetra Pak, BASF, Huhtamaki Oyj, Westrock, Smurfit Kappa Group, Sonoco, Evergreen Packaging, Elopak, Winpak Ltd., Printpak, PaperFoam bv, Be Green Packaging, DS Smith plc, DuPont and Crown Holdings Inc. North America was the largest region in the eco-friendly food packaging market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the eco-friendly food packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global eco-friendly food packaging market is segmented - 1) By Type: Recycled Content Packaging, Reusable Packaging, Degradable Packaging 2) By Material: Paper and Paperboard, Metal, Glass, Plastic, Others 3) By Technique: Active Packaging, Molded Packaging, Multipurpose Packaging, Alternate Fiber Packaging 4) By Application: Food and Beverages, Bakery and Confectionery, Dairy Products, Meat Products, Fruits and Vegetables, Convenience Food, Others