Global Intelligent Packaging Market expected to experience significant growth in the next five years
Intelligent Packaging Market Highlights
Concepts of intelligent packaging play an increasingly important role by offering innovative solutions for extending the shelf-life or maintain, improve or monitor food quality and safety. Increasing concern of food safety and the trafficking of counterfeit pharmaceuticals will increase the demand of intelligent packing products such as time-temperature indicator and other products. Stringent management regulations about safety standards and food packaging, reduction in tracking time and efficient product monitoring are other factors which are contributing to the growth of this market. However, increasing cost of raw materials may hamper the growth of this market.
The global intelligent packaging market is expected to be growing at CAGR of approximately 9% by 2022.
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Some of the key players in the global intelligent packaging market include :
- 3M (U.S.)
- TempTime Corporation (U.S.)
- PakSense (U.S.)
- American Thermal Instruments (U.S.)
- Avery Dennison (U.S.)
- R.R. Donnelly Sons & Company (U.S.)
- BASF SE (Germany)
- International Paper (U.S.)
- Stora Enso (Finland)
- Thin Film Electronics ASA (Norway)
- Huhtamaki Group (Finland)
- Smartrac N.V. (The Netherlands)
November 2017: Stora Enso had joined forces with Microsoft to bring cloud-based intelligent packaging solutions to clients, globally.
16 Oct 2017: PepsiCo embraces active and intelligent packaging with an interactive session at AIPIA World Congress 2017.
Global Intelligent Packaging Market – Competitive Analysis
Intelligent packaging industry has seen significant growth in last few years due to its application across industries, and supportive government policies on food safety. The companies have adopted the strategy of product development and technological advancement.
Such key strategies adopted by the major players in the global intelligent packaging market has been adopted to cater to the technological requirements of the intelligent packaging market. The market is highly technology driven across all applications and thus demands regular product innovation and increased investment in R&D. Furthermore the partnerships with other players across the supply chain ensures the expanding client base as well as the market share for the companies.
Multi Packaging Solutions (MPS) has partnered with a UK technology business to create barcodes that can interact with smartphones. The new development, called SmarterBarcodes, transforms a standard barcode on any pack format into a two-way communications channel. Consumers interact with the packaging by scanning the barcode with any mobile device that has a camera.
Stora Enso are also collaborating with Aalto University, Chalmers University of Technology and the Royal Institute of Technology in long-term joint research and innovation development. They have also improving their asset to meet the growing demand. Recently, they also strengthened their presence in China with the Beihai consumer board mill in Guangxi that was established with an investment of USD 843.28 million.
PepsiCo embraces active and intelligent packaging with interactive session at AIPIA World Congress 2017. PepsiCo is to host an interactive session at AIPIA World Congress 2017, asking the association’s members to come up with ideas for new packaging for PepsiCo brands incorporating all types of active and intelligent packaging formats and technologies.
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Market Research Analysis:
Pharmaceutical industry is expected to be fastest growing segment in intelligent packaging. The market opportunities will be driven by increasing health care needs of the aging population, the increasing demand of temperature sensitive biotechnology drugs in the product mix. The product demand could be hampered due to the huge investments in R&D and the increased cost of raw materials. Various new players have entered the market because of shift from traditional to intelligent wrapping system. All this have pushed participants to develop efficient and cost-effective wrapping solutions.
The food & beverage sector is also experiencing a growth due to the increasing requirement of longer shelf life for packaged fresh foods and processed foods along with the increasing importance of packaging in food safety. Color indicating features, TTIs and smartphone-enabled barcodes are new ways of intelligent packaging, especially for beverages.
APAC will be the largest market
Asia pacific is expected to be the largest market and is expected to achieve an extraordinary growth rate attributable to changing lifestyle and increase in disposable income in China and India. Packaged food demand is also driven on account of increasing food demand by growing population. Rapid advances for newer and emerging technologies in this region will also drive demand for intelligent packaging.
Scope of the report
This study provides an overview of the global Intelligent Packaging Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Intelligent Packaging market as product, and market. On the basis of product it is segmented as gas scavengers, corrosion control packaging, moisture control packaging, susceptor packaging, QR code, and others. On the basis of market it is segmented as food & beverages, pharmaceuticals, automotive, electronics, and others.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Material
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
List Of Tables
Table 1 Global Intelligent Packaging Market: By Region, 2017-2023
Table 2 Americas Intelligent Packaging Market: By Country, 2017-2023
Table 3 Europe Intelligent Packaging Market: By Country, 2017-2023
Table 4 Asia-Pacific Intelligent Packaging Market: By Country, 2017-2023
Table 5 Middle East & Africa Intelligent Packaging Market: By Country, 2017-2023
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