Our latest research report entitled Smart Packaging Market (by technology (active packaging, and intelligent packaging), end users (healthcare, food, beverage, personal care, and other end users)) provides complete and deep insights into the market dynamics and growth of smart packaging.
The latest information on market risks, industry chain structure smart packaging cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential smart packaging growth factors. According to the report, the global smart packaging market is projected to grow at a CAGR of 4.3% over the forecast period of 2019-2025.
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Growing Demand for Sustainable Packaging Solutions Drives the Growth of Smart Packaging Market
Smart packaging is new emerging packaging technique. Smart packaging comprised of two types such as active packaging and intelligent packaging. These packaging technologies are used to deliver quality and safer products. Active packaging changes the interaction between a package, product, and headspace of the package by changes in some chemical, physical, or biological action.
Active packaging is an extension of the protection function of a package that is mainly used to protect against moisture and oxygen. Intelligent packaging has advanced functions and ability to detect, sense, and it records external or internal changes in the product’s environment. These both packaging concepts are based on the interaction between packaging environment and food that helps to provide active protection to the food and extends shelf life.
Growing demand for sustainable packaging solutions drives the growth of smart packaging market. Advance features of smart packaging such as the ability to inform quality deterioration in terms of gas concentration change, temperature fluctuation, and microorganism growth inside the package environment contribute to the growth of smart packaging market. Rising demand for packaged food boosts the growth of smart packaging market.
Furthermore, consumer changing lifestyle and preference towards the adoption of advanced technologies fuel the growth of smart packaging market. Rising adoption of smart packaging by the retailers of food and beverage industry propels the growth of smart packaging market. Developments in nanotechnology in various applications of the food and beverage industry, as well as innovations and advancement in printing technologies, contribute to the growth of smart packaging market. However, less awareness among consumers may hamper the growth of smart packaging market. Moreover, increasing consumer’s awareness of food safety provides beneficial opportunities for the smart packaging market.
North America Dominates the Smart Packaging Market
Among the geographies, North America dominates the smart packaging market. Rising incomes, changes in urban lifestyle and modern retail trade drives the growth of smart packaging market. The presence of the world’s top retailer’s and increasing investment for shelf life for foods contribute to the growth of smart packaging market in the region. The U.S accounted for a larger share of the smart packaging market. There is specific legislation in Europe for this type of packaging that is an interaction between the packaging material and the product should be normally avoided or minimized. Growth of smart packaging in the Asia Pacific is expected to increase as increasing consumer awareness regarding food safety in the region.
The report on global smart packaging market covers segments such as technology, and end users. On the basis of technology, the sub-markets include active packaging and intelligent packaging. On the basis of end users, the sub-markets include healthcare, food, beverage, personal care, and other end users.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/consumer-goods-packaging/global-smart-packaging-market
The report provides profiles of the companies in the market such as Berry Global, Inc, Coveris Holdings S.A., Ball Corporation, Point Five Packaging, LLC, BASF SE, Amcor Limited, Huhtamaki Group, Winpak Limited, Praxair, Inc., and Other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the smart packaging.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.