Smart Packaging Market is Expected to Reach $43.6 Billion by 2027, at a CAGR of 5.2%

(IT-NEWSWIRE.COM, August 09, 2022 ) In today’s food industry, a product’s package is every bit as important as its contents. Increasing attention given to the smart packaging for the many ways by which it’s changing the consumer product packing industry and the packaging industry as a whole. Smart packaging refers to the emerging technologies within the packaging industry that increase consumer and business utility.

The growth of smart packaging market is backed by a growing proportion of older people and changes in consumer lifestyles, increasing demand for advanced packaging solutions from the food processing and pharmaceutical sector, growing consumer concern for food wastage reduction, and demand for smart and functional packaging. Moreover, the growing e-commerce market and rising industrialization in the emerging economies, including India and China, coupled with strong demand for superior logistics and supply chain management, are likely to drive the industry over the forecast period. However, the high cost and unwillingness of brand owners to pay an additional cost of smart packaging are expected to hinder the growth of this market to some extent.

The smart packaging market is expected to reach $43.6 billion by 2027, at a CAGR of 5.2% during the forecast period of 2020 to 2027.

Please download report pages and learn more:

https://www.meticulousresearch.com/download-sample-report/cp_id=5119

Scope of the report:

Smart Packaging Market, by Packaging Technology

Modified Atmosphere Packaging (MAP)

Active Packaging

Oxygen Scavengers

Moisture Scavengers

Self-Venting Films

Ethylene Scavengers &Emitters

Microwave Susceptors

Antibacterial Films

Temperature Control Packaging

Carbon Dioxide Scavengers/Emitters

Ethanol Emitters

Flavour/Odour Absorbers

Antioxidants

Intelligent Packaging

Indicators

Sensors

Bio Sensors

Gas Sensors

Data Carriers

Barcodes

2D Matrix Codes

Quick Response Codes

Augmented Matrix Codes

RFID Tags

Smart Packaging Market, by Application

Food & Beverages

Pharmaceuticals

Automotive

Personal Care

Others

Smart Packaging Market,by Geography

North America

U.S.

Canada

Europe

Germany

U.K.

France

Italy

Spain

Rest of Europe

Asia-Pacific (APAC)

China

Japan

India

Australia

South Korea

Vietnam

Rest of The Asia Pacific

Latin America

Brazil

Mexico

Argentina

Peru

Rest of Latin America

Middle East and Africa

Check complete table of contents with list of table and figures:

https://www.meticulousresearch.com/product/smart-packaging-market-5119

The Asia-Pacific region to grow at the highest CAGR during the forecast period.

On the basis of region, the smart packaging market is segmented into North America, Europe, APAC, Latin America, and the Middle East & Africa. During the forecast period, the Asia-Pacific market is expected to grow at the highest CAGR. The changing lifestyle, increasing demand for packaging solutions with longer sustainability, and growing demand for fresh & quality food are the factors driving the growth of this regional segment.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the smart packaging market over the last four years. The key players operating in the global smart packaging market are 3M (U.S.), Avery Dennison Corporation (U.S.), American Thermal Instruments (U.S.), Temptime Corporation (U.S.), Smartrac N.V. (Netherlands), BASF SE (Germany), Thin Film Electronics ASA (U.S.), Stora Enso (Finland), International Paper (U.S.), Amcor plc (Switzerland), Emerson Electric Co. (U.S.), R.R. Donnelly & Sons (RRD) Company (U.S.), Sealed Air Corporation (U.S.), and Smartglyph Ltd. (U.K.).

Download Free Sample Copy Of The Report::

https://www.meticulousresearch.com/download-sample-report/cp_id=5119

Meticulous Research™

Khushal

+91 744-7780008

sales@meticulousresearch.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Smart Packaging Market is Expected to Reach $43.6 Billion by 2027, at a CAGR of 5.2%