Smart Packaging Market Trends, Share, Industry Size, Growth and Opportunities by 2029
Author : Ashwini Sute | Published On : 19 Dec 2023
The superior SMART PACKAGING market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Businesses can utilize this market document to obtain productive ideas with which product can be made more effective and impressive in the competitive market. This market research report is the high quality report having in-depth market research studies. In addition to detailing about competitive landscape of the key players, SMART PACKAGING business report also offers complete and distinct analysis of the market drivers and restraints, detailed analysis of the market segmentation, key developments in the market and details of research methodology.
An influential SMART PACKAGING market research report studies key opportunities in the market and influencing factors which is valuable for the businesses. It helps businesses obtain granular level clarity on current business trends and expected future developments. This market report also offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. With the proper utilization of established and advanced tools such as SWOT analysis and Porter's Five Forces Analysis, SMART PACKAGING market report has been structured. It is a thorough investigation of current scenario of the global market, which covers several market dynamics.
Data Bridge Market Research analyses that the smart packaging market, valued at USD 24,937.91 million in 2022, will reach USD 39,299.49 million by 2030, growing at a CAGR of 5.85% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Driver:
Increasing demand for smart packaging in the food industry surges in market growth
In the food and beverage sector, smart packaging can be used to track a product's location during transportation, keep an eye on its quality and freshness, and inform the consumer of its ingredients and nutritional content. This can enhance the purchasing experience and the product's quality and safety. These factors are increasingly considered as people become more concerned with food freshness and defense against contaminants such as dust, dirt, smell, water vapors, heat, oxygen, and microbes. Additionally, demand for smart packaging that controls the temperature and keeps the food safe and fresh expands the smart packaging market.
The developments in the printing processes surge market growth
Over time, printed technologies have changed to meet customer demands, governmental regulations, and packaging standards. This calls for printed technologies to enhance their functionality in the processing and printing packaging information to make them active and intelligent packaging. Digitalization and technologies are creating new frameworks for developing smart and intelligent applications. The processing and presentation of data on paper and other surfaces have proven to be a useful application of printed technologies. Therefore, much scientific research has been conducted on printed electronics and radio frequency identification (RFID) technology, laying the foundation for future smart packaging application development. People pay attention to the information on packaging that includes preparation instructions, nutritional data, and an ingredient list.
Some key players mentioned in the report are:
3M (U.S.), Sealed Air (U.S.), Bemis Manufacturing Company (U.S.), AMETEK MOCON (U.S.), Praxair Technology, Inc (U.S.), Amcor plc (Australia), International Paper (U.S.), Stora Enso (Finland ), DuPont (U.S.), Crown Paper Mill LLC (U.A.E.), Westrock Company. (U.S.), BASF SE (Germany),ZEBRA (U.S.), R.R. Donnelley and Sons Company (U.S.), Ball Corporation (U.S.), AVERY DENNISON CORPORATION (U.S.) Primex Plastics Corporation (India), National Packaging Company (U.S.), Ströbel GmbH (Germany)
Key Insights that Study is going to provide:
- The 360-degree Smart Packaging overview based on a global and regional level
- Market Share & Sales Revenue by Key Players & Emerging Regional Players
- A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
- May vary depending upon availability and feasibility of data with respect to Industry targeted
- Patent Analysis** No of patents / Trademark filed in recent years.
- A complete and useful guide for new market aspirants
- Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
- Various Smart Packaging industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
The countries covered in the Global Smart Packaging Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Key leading countries
Vendor Landscape
Vendor Analysis
Appendix
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