According to the recent study the smart packaging market is projected to grow at a CAGR of 7%-9% from 2020 to 2025. Growth in this market is primarily driven by increasing demand for fresh, safe, & healthy packaged food, growing concern of manufacturers for longer shelf life, and rising demand for sustainable packaging.
Browse XX figures / charts and XX tables in this 150-page report
to understand trends, opportunities and forecast in smart packaging market by
packaging type (active packaging and intelligent packaging), function
(protection & security, indication, track & trace, and authenticity),
end use (food & beverage, pharmaceuticals, personal care, and others), and
region (North America, Europe, Asia Pacific, and Rest of the World).
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and view detailed Table of Content by clicking on below link https://www.lucintel.com/smart-packaging-market.aspx
“Active packaging market is expected to remain the largest segment
during the forecast period.”
Based on packaging type,
the smart packaging market is segmented into active packaging and intelligent
packaging. Lucintel forecasts that the active packaging market is expected to
remain the largest segment during the forecast period as it has superior
moisture control and corrosion protection properties.
“Within the smart packaging market, the food & beverage segment
is expected to remain the largest end use.”
Based on end use, the food
& beverage segment is expected to witness the largest segment over the
forecast period due to rising use of active products in the food & beverage
industry coupled with growing emphasis to preserve the quality and safety of
packaged products from manufacturing to the time the food is consumed.
“Asia-Pacific will dominate the smart packaging market in near
future.”
Asia-Pacific is expected
to be the largest region over the forecast period and it is also expected to
witness the highest growth over the forecast period due to growing health awareness
among consumers in Asia Pacific region especially in developing countries
including China & India coupled and growing disposable income of consumers.
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Major players of smart packaging
market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Amcor, Ampacet, Ball,
Bemis, Constar, Crown, W. R. Grace, Graham Packaging, Innovia Films, Landec,
and Mitsubishi Gas Chemical are among the major smart packaging providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/smart-packaging-market.aspx or helpdesk@lucintel.com.
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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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