Global Smart Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

“Global Smart Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global smart packaging market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart packaging market report has been segmented on the basis of technology, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Smart packaging is used to improve convenience and safety of packages. It also maintains freshness, quality, and shelf life of products. Commonly, smart packaging is used for pharmaceuticals, food, and beverages. It helps to protect the packed product from moisture, corrosion, and also regulates the temperature. smart packaging can be divided into two types active packaging and intelligent packaging. Active packaging enhances the functionality of the packaging, whereas intelligent packaging communicates the status of the content. Smart packaging is available in various sizes for different types of products.

Dynamics:

Increasing demand for functional and smart packaging to maintain quality of products is a major factor driving growth of the global smart packaging market. Increasing trade activities related to food and beverages, as well as convenient food items is another factor fueling growth of the global market. Smart packaging contains QR code, bar code, or other printed codes that can provide information regarding contents of the package. Growing importance of Internet of things (IoT) to receive information in real time is another factor propelling growth of the global market. Furthermore, changing lifestyle and rising disposable income are factors expected to boost growth of the global smart packaging market in the near future.

However, high cost of smart packaging may hamper growth of the global smart packaging market. In addition, some types of smart packaging materials are not recyclable, which is another factor that may affect growth of the global market. Nevertheless, introduction of biodegradable smart packaging can create high revenue opportunities for players in the target market.

Segment Analysis:

On the basis of technology, the market is segmented into intelligent packaging, active packaging, and modified atmosphere packaging. Modified atmosphere packaging segment is expected to witness high growth over the forecast period, owing to its various functions such as temperature and moisture control.

Regional Analysis:

Market in North America is expected to account for major share in terms of revenue and is expected to witness high growth over the forecast period. Presence of key players and growing pharmaceuticals, as well as food & beverages industries are factors driving growth of the target market in this region. Europe market is expected to register second highest growth rate in terms of revenue in the near future, owing to higher adoption of new technology in this region. The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global smart packaging market over the forecast period.

Global Smart Packaging Market Segmentation:

Segmentation by technology:

• Intelligent Packaging
• Active Packaging
• Modified Atmosphere Packaging

Segmentation by application:

• Personal Care
• Automotive
• Food and Beverages
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• 3M Company
• TempTime Corporation
• PakSense, Inc.
• American Thermal Instruments
• Avery Dennison Corporation
• R. Donnelley & Sons Company
• BASF SE
• International Paper Company
• Stora Enso Oyj
• Thin Film Electronics ASA