As per this study, the Global Smart Packaging Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 with a CAGR of X%.
Smart Packaging is used to packaged food products in order to improve shelf-life and avoid degradation of the quality of the products. They reduce the need for preservatives and act as a barrier to moisture. Its application area includes food & beverage industry, automotive, logistics, healthcare, personal care, logistics, and others.
Growing usage of smart packaging across various end-use industry owing to its superior properties is driving the market growth. Also, reducing usage of plastic packaging across the various sector is again fueling the demand of the product. Additionally, its superior weather resistance to harsh weather is further propelling market growth. Moreover, the rising trend of ready-to-eat food products coupled with the growing demand for packaged food is expected to fuel the industry expansion during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of smart packaging.
The broad smart packaging market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Active Packaging
- Gas Scavenger
- Corrosion Control Packaging
- Moisture Control Packaging
- Intelligent Packaging
- Time temperature Indicator
- Gas Indicator
- Thermochromic Ink
- RFID & Barcode
- Food & Beverage
- Personal Care
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for smart packaging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Smart Packaging Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the smart packaging market include 3M, Amcor Limited, Avery Dennison Corp., BASF, DuPont, Huhtamaki Group, International Paper, Sealed Air Corporation, Smartrac N.V., and Thin Film Electronics ASA. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.