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Smart Packaging Market Revenue, Future Scope, Market Trends, Key Players And Forecast To 2025

07.28.2020 · Posted in Writing and Speaking

Summary

Global Smart Packaging Market Information by Technology (Active Packaging, Intelligent Packaging, and Modified Atmosphere Packaging), Application (Food & Beverage, Healthcare, Automotive, Personal Care, and Others), Region (North America, Europe, Asia-Pacific, Rest of the World)—Forecast till 2025

Smart Packaging Market Synopsis

As per a detailed analysis by Market Research Future (MRFR), the global smart packaging is presently estimated at USD 46.74 billion. The market is likely to demonstrate a striking CAGR of 5.16% during the forecast period (2017-2025).

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Competitive Dashboard

R.R. Donnelly Sons & Company

Avery Dennison Corporation

International Paper

BASF SE

Huhtamaki Group

Stora Enso, and Smartrac N.V.

Industry Updates

May 17, 2019: HP Inc will introduce its brand-new HP Indigo 30000 digital press in India with its first-ever installation at the Parksons Packaging Plant in Daman. The digital press is one-of-a-kind digital folding carton press which assists the carton printing industry to cater to the demands coming from the end-users including personal care & cosmetics, healthcare, and F&B sectors.

Market Potential and Pitfalls

Smart packaging market has witnessed a tectonic surge in the past few years. Packaging technologies have witnessed innovations due to the changing preferences of the consumers. Additive technologies like oxygen scavengers and antimicrobials are added by quality indicators based on temperature monitoring and gas detection of the products in order to reduce the contamination and deterioration of the food.

Segmental Analysis

The global smart packaging market has been segmented on the basis of technology and application.

By mode of application, the global smart packaging market has been segmented into automotive, food & beverages, personal care, healthcare, and others. Among these, the food & beverage segment is predicted to show significant growth rate as they are extensively used to maintain the shelf life of the perishable products.

Regional Insights

Geographically, the smart packaging market has been studied under regions namely, Asia Pacific, Europe, North America, and the Middle East & Africa.

Europe bags the second position in the global market due to the high population density. Government imposed strict laws owing to environmental concerns which is triggering the demand for smart packaging in this region. Germany, France, Spain, Italy, and the UK are the major country-specific markets in this region.

The Asia Pacific region is witnessing a significant growth due to the surging industrialization, Factors such as easy availability of raw materials, rising demand for personal care products, cheaper manufacturing costs, and rising use of RFID tags in the automotive industry has spurred the growth in this region. Moreover, strict regulations from the government associated to environmental concerns and high demand for premium luxury products are promoting the growth of smart packaging in this region.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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