Global Smart Packaging Market 2019 – Sealed Air Corporation, Bemis Company, Winpak Limited, Point Five Packaging Llc, Dansensor AS, Praxair, Berry Global Inc, Ball Corp, Desiccare, Coveris Holdings SA, BASF SE, Amcor Limited, Linpac Packaging Limitied

Global Smart Packaging Market Size:

The Global Smart Packaging Market poised to reach US$ XX Mn by 2025 with a significant CAGR over seven years forecast period 2019-2025 owing to the various advantages offered by smart packaging over their conventional counterparts.

Precision Business Insights (PBI) in its report titled “Global Smart Packaging Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The Global smart packaging market was valued at US$ XX Mn in 2018 and projected to reach US$ XX Mn by 2025. Global Smart Packaging Market is expected to reach US$ XX Mn by 2025, registering a CAGR of XX% during the forecast period. Oxygen scavenger is the most widely used active packaging system, particularly for foods. The presence of oxygen in a packaged material increases the oxidative depreciation of food. Oxygen takes care of overall shelf life ability of muscle food products. Thus, the control of oxygen levels in food packaging is necessary to restrict the rate of such spoilage reactions in food. Thus, it is projected to grow at the fastest rate, which increases the global smart packaging market size. Changes in lifestyle patterns due to rapid urbanization and increase in consumption of beauty products and cosmetics with packaging advancement technology drive the global smart packaging industry. In addition, untapped geographical regions offer enormous opportunities to the smart packaging market, which further fosters the overall smart packaging industry. However, high cost of active and intelligent packaging is projected to hamper the global smart packaging market growth.

Global smart packaging market segmented on the basis type and end user.

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Food & Beverage Industry Expected to Dominate the Global Smart Packaging Market:

Based on end user type, smart packaging market is segmented into food & beverage, personal care, healthcare, automotive. The food & beverages segment acquired considerable growth due to increasing demand for packaged food products which provides nutritional enrichment and functional benefits. Personal care sector is expected to register a CAGR of over XX% from 2018 to 2025 accounting for about XX% of the total market in 2018. Growing demand for personal care products particularly organic products on account of rising awareness about various health benefits over their synthetic counterparts is likely to fuel the industry over the forecast period. Automotive segment held a significant share of over XX% in 2018. The industry is expected to grow at a CAGR of around XX% from 2018 to 2025. Growing use of RFID tags in the automotive industry to improve the production efficiency is expected to drive the demand over the forecast period. Also, rising use of RFID tags in the automotive industry for asset tracking and supply chain management is expected to propel the industry growth.

North America Leads the Global Smart Packaging Market:

Precision Business Insights (PBI) Global smart packaging market report analyses the market in different regions of North America, Europe, Latin America, Asia Pacific, and Middle East Africa. According to regional analysis, North America accounted for the largest share in global Global Smart Packaging market in 2018 and shall maintain its position over the forecast timeframe. Growing working population and increasing demand for interactive and improved packaging solutions account for the expected growth in the market in the region. The United States is home to one of the busiest consumer markets, which forms a major part of the workforce. The demand for foods and beverages has risen markedly, due to the growing population (both, from within and due to immigration).To meet the huge demands of the food industry, there has been a significant increase in the volume of import of food from different regions across the world, thus, driving the demand for the smart packaging solutions in the region. Asia Pacific accounted for a significant share of over XX% in 2015. The ready availability of raw materials coupled with cheaper manufacturing costs is expected to drive the growth. The region is also projected to witness growth of over XX% from 2018 to 2025.

Strategic Partnership and Collaborations Play Vital Role in Global Smart Packaging Market:

Strategic alliances and development of new technologies and products are expected to provide opportunities for key market players. Companies are constantly investing in research & development activities to enhance product properties and make its usage more prevalent in industries other than the aforementioned ones. For instance, September 2017 - Magic Add, an innovator in the Internet of Packaging (IoP) smart packaging solutions, announced a partnership with UPM Raflatac. The partnership aims to provide high-performance self-adhesive label materials for product and information labeling. In co-operation with Magic Add, UPM Raflatac launched RafMore, a smart label solution designed to power and extend brand promotion, protection, and logistics applications.

Key player’s profiles in the report are Sealed Air Corporation, Bemis Company Inc., Winpak Limited, Point Five Packaging Llc, Dansensor AS, Praxair, Inc., Berry Global Inc., Ball Corporation, Desiccare Inc., Linpac Packaging Limitied, Coveris Holdings SA, BASF SE, Huhtamaki Group, and Amcor Limited

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Detailed Segmentation

By Technology Type

o Modified Atmosphere Packaging (MAP)
o Active Packaging
o Intelligent Packaging (IP)

By End User Type

o Food & Beverages
o Personal Care
o Healthcare
o Automotive

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Gulf Corporation Council Counties (GCC)
 Rest of MEA

Key Features of the Report:

1. The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
2. The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
3. The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
4. The report tracks recent innovations, key developments and startup’s details that are actively working in the market
5. The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
6. The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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About Us:

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Shreya Paul
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Email @ shreya@precisionbusinessinsights.com
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This release was published on openPR.