Sarasota, FL -- (SBWire) -- 04/04/2019 --Global Advanced Packaging Technologies Market: Overview

Advanced packaging technologies use an integrated circuit (IC), which is encapsulated in a supporting case that prevents physical damage and corrosion of the metallic parts. This case is called as package that support electrical contacts connected to the device to a circuit board. Advanced packaging manufacturers produce various types of ICs according to the requirements in the packaging. The type of package used depends upon different parameters such as size, power dissipation, field-operating conditions, and its cost.

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Global Advanced Packaging Technologies Market: Growth Factors

The global demand for advanced packaging technologies is largely fulfilled by the manufacturers present in major countries of Europe and North American regions. It has been noticed that the consumers in these regions have shown great interest in the adoption of products with advanced packaging technologies.

Furthermore, in recent years, the packaging industry has witnessed a tremendous increase in demand for different products due to change in consumer habits and the introduction of new & innovative products embedded with advanced packaging technologies. Companies are investing heavily in research and development activities to develop products with distinguishable characteristics. Consumer inclination towards convenience products such as packaged food, has resulted in the development of products with advanced packaging technologies that offer longer shelf life through gas absorption and scavenging systems. Across the globe, active packaging is gaining traction for food packaging applications due to its properties that enhance shelf life and the ability to reflect properties of contained food on the packaging. Embedding advanced packaging technologies such as freshness and temperature indicators on food packaging products by a large number of brand owners all over the world, is helping them acquire more customers and gain a competitive advantage in the packaged food industry. Leading packaging companies are collaborating with technology providers to develop advanced packaging technologies for their products. Global food and beverages companies are showing immense interest in adopting packaging solutions with advanced packaging technologies. These aforementioned factors are likely to drive the growth of advanced packaging technologies market over the next few years.

Global Advanced Packaging Technologies Market: Segmentation

The global advanced packaging technologies market can be divided into technology type and end use. Based on the technology type, the market is sectored into Active Packaging and Smart and Intelligent Packaging. On the basis of end use, the advanced packaging technologies market can be classified into Food, Beverages, Pharmaceuticals, Industrial & Chemicals, Cosmetics & Personal Care, Agriculture, and Others.

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Global Advanced Packaging Technologies Market: Regional Analysis

Based on regions, the global advanced packaging technologies market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North American region will account for the largest market share in terms of production of packaging products, with advanced packaging technologies in both categories of active and smart & intelligent packaging respectively. The U.S. is expected to account for the largest market share in the North American advanced packaging technologies market.

European region is projected to occupy the second spot in the global advanced packaging technologies market in terms of both revenue generation and consumption. Germany and Italy are the main production hubs for products embedded with advanced packaging technologies in Europe and will drive the regional market growth in the years ahead. Large presence of advance packaging technologies manufacturers in countries such as Japan along with massive use of products with advance packaging technologies in the country will enhance the scope of the market in Asia Pacific region. Major technology providers such as EVRYTHNG Limited, Selinko SA, Digimarc Corporation, Prime Vision AG, and Waterio Ltd. are collaborating with packaging companies in the region to develop products with advanced packaging technologies and leverage opportunities generated from the high demand for such packaging solutions in the region.

Global Advanced Packaging Technologies Market: Competitive Players

Some of the major players operating in advanced packaging technologies market include PakSense, Inc, Landec Corporation, Sealed Air Corporation, Bemis Company, Inc, Crown Holdings, Inc., Amcor Limited, 3M Company, Timestrip UK Ltd., Cryolog S.A., Vitsab International AB, Varcode, Ltd., LCR Hallcrest LLC.:, Thin Film Electronics ASA, CCL Industries Inc., Temptime Corporation, Multisorb Technologies, Inc., Coveris Holdings S.A., and others.

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Global Advanced Packaging Technologies Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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