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Global Smart Packaging Market Overview :Market research future published a research report on Global Smart Packaging Market that contains the information from Forecast period 2017 to 2023. According to MRFR Study, Global Smart Packaging market is expected to grow with the CAGR of approximately 5.16% from 2017 to 2023, and with this it is predictable to cross USD 46.74 Billion by 2023.
Factors attributed to the growth of the market are improved health & safety, changing lifestyle, easy implementation and reduced counterfeiting. On the basis of application, Food & Beverage dominates the market. However, high research & development costs and lack of sustainable e-packaging products are hampering the growth of the market.
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Key Players
We recognize the key players of the global smart packaging market include-
• 3M Company
• TempTime Corporation
• PakSense Inc.
• American Thermal Instruments
• Avery Dennison Corporation
• R. Donnelly Sons & Company
• BASF SE
• International Paper
• Stora Enso
• Huhtamaki Group
• Smartrac N.V.
Global Smart Packaging Market - Competitive Analysis
Smart packaging industry has seen significant growth in last few years due to its application across industries, and supportive government policies on food safety. The companies such as Paksense Inc., American Thermal Instruments, Stora Enso, Huhtamaki and Smartrac N.V. have adopted the strategy of product development and partnership across the supply.
Such key strategies adopted by the major players in the global Smart Packaging Market has been adopted to cater to the technological requirements of the smart packaging market for both active and intelligent packaging segment. The market is highly technology driven across all applications and thus demands regular product innovation and increased investment in R&D. Furthermore the partnerships with other players across the supply chain ensures the expanding client base as well as the market share for the companies.
Paksense Inc. was seen investing strategically in partnering with prominent members across the supply chain. For instance, it entered into a commercial distribution agreement with Thin Film Electronics (U.S.) in 2014 and printed sensors for the food industry in 2015.
Stora Enso sees new partnerships and collaboration with star ups and universities as a key strategy. They sees partnering with start-ups will help them to transform efficiently and also makes them better adapt to digitalization trend in the business. Stora Enso are also collaborating with Aalto University, Chalmers University of Technology and the Royal Institute of Technology in long-term joint research and innovation development.
Huhtamaki group predominantly focus on developing new products and expanding their existing operations to meet the market needs. The growth investment of the company stood at USD 337.31 million in FY2016. They have also carried out several expansion projects in their existing facilities such as in Poland, UK, Germany, Australia and China. They have also decided to direct majority of their investment in expansion of the business in the FY 2017.
Global Smart Packaging Market - Segments
Global Smart Packaging Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Technology: Comprises – Active Packaging, Intelligent Packaging, and MAP
Segmentation By Application: Comprises – Food & Beverages, Automotive, Healthcare, Personal Care and others
Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World
Personal care is the fastest growing sector
Personal Care segment is expected to grow fast over the forecasted period due to rising awareness about health safety. However, Food & Beverage segment dominates the market, majorly due to increased safety with low cost and increased shelf-life.
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Europe is the largest market
European region contributes largest to the market share. The reason is attributed to the advancements of technology and European Commission laws favor smart packaging. However, Asia-Pacific region is expected to grow over the forecasted period.
Scope Of Report
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global smart packaging market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 125 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Smart Packaging Market Information from 2017 to 2023"
Table Of Contents
1 Introduction
1.1 Definition
1.2 Scope Of The Study
1.3 Assumptions
1.4 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Dynamics
Continued.....
List of Tables
Table 1 Global Processed Food & Beverages Sales, Growth Rate and Market Share, by Region, 2000 and 2013
Table 2 Global Smart Packaging Market, by Technology, 2014–2022 (Usd Billion)
Table 3 Global Smart Packaging Market, by Application, 2014–2022 (Usd Billion)
Table 4 Global Smart Packaging Market, by Region, 2014–2022 (Usd Billion)
Table 5 North America: Smart Packaging Market, by Country, 2014–2022 (Usd Billion)
Table 6 North America: Smart Packaging Market, by Technology, 2014–2022 (Usd Billion)
Continued........
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Contact Info:
Name: Abhishek Sawant
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Website: https://www.marketresearchfuture.com/reports/smart-packaging-market-1981
Release ID: 410289
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