Next Generation Packaging Market is estimated to witness surging demand at a CAGR of 6.5% by 2029
Market Analysis and Insights : Global Next Generation Packaging Market Global next generation packaging market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.5% in the forecast period of 2022 to 2029 and is expected to reach USD 11,209.94 million by 2029. Growing demand for intelligent packaging to avoid food wastage is accelerating the use of next generation packaging products, which is expected to drive the market growth. However, high costs associated with research and development activities are expected to restrain the growth of the market. The recent trend indicates increasing demand for next generation packaging as investments in public and private food industries continue to increase. The factors driving the growth of the market are increasing health awareness among the general population and continuous technological advancements in packaging. With the...