Smart Packaging Market Expected to Reach at $37,797 million by 2022 | Intelligent Packaging, Time Temperature Indicator, Thermochromic

The global Smart Packaging Market is expected to reach $37,797 million by 2022, registering a CAGR of 7.8% during the forecast period Smart packaging system includes external or internal indicator that provides complete information about the product, specifically history and quality of a product..

The changing lifestyle pattern of consumers due to rapid urbanization and increased consumption of personal care products with integrated advanced technology drive the smart packaging market growth. In addition, untapped geographic markets offering huge opportunities for the market players are expected to fuel the global smart packaging industry. However, high cost of active and intelligent packaging system is projected to hamper the smart packaging market growth.

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Increase in purchasing power, high population density, and growth in hygiene concerns, rapid urbanization, and changes in lifestyle are some of the major factors that augment the demand for smart packaging industry globally. However, rapid development in food & beverage, automotive, and pharmaceutical sector in the emerging areas of Asia-Pacific offer incredible development potential outcomes for market players.

The List of companies covered in this Reports are
3M

TempTime Corporation

PakSense

American Thermal Instruments

Avery Dennison Corp.

R.R. Donnelly Sons & Company

BASF SE

International Paper

Stora Enso

Thin Film Electronics ASA

The global smart packaging market is segmented based on type, end user, and geography. Based on type, the smart packaging market is broadly divided into active packaging, intelligent packaging, and modified atmosphere packaging. The active packaging includes gas scavengers, corrosion control, moisture control, and others; whereas intelligent packaging system includes thermochromic inks, time temperature indicator, and radiofrequency identification (RFID). However, by end user, the smart packaging industry is divided into food & beverage, healthcare, automotive, personal care, logistics, and others.

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The market is analyzed across four regions-North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the fastest growing region during the forecast period. The RFID market in China, particularly the high-frequency RFID sector, experiences a rapid growth. It ensures automobile theft protection, product forgery prevention, and other access controls. However, Beijing Danbel Instrument Co., Ltd is one of China industry leaders in modified atmosphere packaging (MAP) technology and offer instruments such as moisture meters and sealing devices for package testing. These instruments are used for packaging beverages, dairy products, spices, baked foods, and fresh fruits & vegetables.

Table of Content:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW

4 GLOBAL SMART PACKAGING MARKET, BY TYPE

5 SMART PACKAGING MARKET, BY END USER

6 SMART PACKAGING MARKET, BY GEOGRAPHY

7 COMPANY PROFILES

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Posted by on Tuesday May 21 2019, 5:32 AM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Featured Press Release, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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