Smart Packaging Market Research Report 2019 published By Market Research Future, provides information on Global Smart Packaging Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By Technology (Active, Intelligent and MAP), By Application (Food & Beverages, Automotive, Healthcare, Personal Care and others), and Region – Forecast to 2023
Industry Overview:
The smart packaging industry is gaining prominence all around the world due to its features that help in tracking products and ensure their quality. The global smart packaging market is riding high on such benefits and is expected to score a CAGR of 5.16% during the forecast period (2017-2023). Market Research Future (MRFR) in their report on the said market predicted a possibility of achieving and exceeding USD 46.74 billion by the end of 2023.
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Driven by intents to protect, communicate, provide convenience and containment, researchers have developed smart packaging. This revolution in packaging is gaining traction from several sectors like food & beverage, pharmaceuticals, personal care, automotive, and several others. At a moment, when the global market is banking on industrial growth and changing their market dynamics to allow new market proliferation, the smart packaging industry is going to enjoy easy passage. It is still in its early stage but with time, the market is going to witness a surge.
Competitive Landscape:
Several companies are showing substantial interest in taking part in the global smart packaging market. Their keenness is expected to make them benefit individually and take the global market ahead with unprecedented prospect. These companies are –
- TempTime Corporation
- 3M Company (U.S.)
- Huhtamaki Group
- American Thermal Instruments
- PakSense Inc.
- R.R. Donnelly Sons & Company
- Avery Dennison Corporation
- Stora Enso
- BASF SE
- International Paper
- Smartrac N.V.
In 2018 – Henkel and Selinko announced partnership for smart packaging solutions. They announced a collaboration agreement to expand and improve smart and interactive packaging solutions for FMCG market.
In April 2019, Mondelez International, Inc. made a collaboration with Israeli market giants The Kitchen, who are known as Israeli FoodTech-focused incubator. The collaboration would focus on smart packaging along with other points of interests such as efficient food processing, supply chain technologies, prolonged shelf life & reduction of food spoilage, sensors for food safety & quality, and others.
Segmental Analysis:
MRFR’s analysis of the global smart packaging market highlights on a segmentation by application and technology. The detailed analysis includes several pointers that are expected to boost the market and data based on volume and value. This would help in a better understanding of the market in a comprehensive way.
Based on the application, the global smart packaging market can be segmented into food & beverages, automotive, personal care, healthcare, and others. The food & beverages market is gaining substantial mileage due to growing intake of smart packaging in the market. Smart packaging helps in maintaining the standard of the food. The healthcare segment is expected to gain much from its market percolation as smart packages can track any kind of threats associated with it.
Based on technology, the smart packaging market includes active, intelligent and modified atmosphere packaging (MAP). The intelligent packaging sector is fast gaining prominence due to its surging intake in the food & beverages industry. Biosensors in such packaging can read toxic pathogens that is one big help for the global market.
Regional Analysis:
MRFR in their global market on the smart packaging report includes, namely, Asia Pacific (APAC), North America, Europe, and the Middle East & Africa (MEA). This type of analysis is to find growth pockets and understand which parts are going to incur more profits.
The global market is gaining much benefit from the businesses done in the North American region. This region is gaining much prominence due to the superior industrial facilities it is getting. Technological brilliance is supporting several industries of the region. Increase in investment for R&D is also going to impact the regional market. At the same time, issues like curbing food wastage and industrial growth can influence the market assertively.
Europe and the APAC region are next in line. Europe’s features are quite similar to that of North America. On the other hand, the APAC region is enjoying the availability of raw materials. Rising industrialization is also expected to impact the APAC and the MEA market in the coming years. Lower manufacturing cost has also provided thrust to industries owing to which the automobile sector is enjoying prominence. Surge in disposable income has also given rise to the intake of luxurious products owing to which the market can witness expansion scopes.
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Scope of Report
The report for Global Smart Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Introduction
1.1 Definition
1.2 Scope of the Study
1.3 Assumptions
1.4 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Dynamics
3.1 Drivers, Restraints and Trends of Global Smart Packaging Market
3.2 Drivers
3.2.1 Increased Demand From Food & Beverage Industry
3.2.2 Growing Demand From Pharmaceutical Industry
3.2.3 Increased Government Policies Regarding Food Safety
3.3 Restraints
3.3.1 High Added Cost of Products
3.3.2 Lack of Willingness From Consumers and Retailers
3.3.3 Lack of Marketing
3.4 Opportunities
3.4.1 Advances in Printed Electronics
Continued……
List of Tables
Table 1 Global Processed Food & Beverages Sales, Growth Rate and Market Share, by Region, 2000 and 2013
Table 2 Global Smart Packaging Market, by Technology, 2014–2022 (Usd Billion)
Table 3 Global Smart Packaging Market, by Application, 2014–2022 (Usd Billion)
Table 4 Global Smart Packaging Market, by Region, 2014–2022 (Usd Billion)
Table 5 North America: Smart Packaging Market, by Country, 2014–2022 (Usd Billion)
Table 6 North America: Smart Packaging Market, by Technology, 2014–2022 (Usd Billion)
Table 7 North America: Smart Packaging Market, by Application, 2014–2022 (Usd Billion)
Table 8 U.s.: Smart Packaging Market, by Technology, 2014–2022 (Usd Billion)
Continued……
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