Smart packaging market 2020 Detail Analysis focusing on Key Players like 3M, Sealed Air, Bemis Company, Inc., Point Five Packaging, LLC, Mocon Denmark Holding ApS

A detailed market research study of this report focuses on several essential parameters related to the market that includes but are not limited to a competitive landscape, brief segmentation and industrial infrastructure. To formulate this world-class Global Smart Packaging Market report, in-depth research and analysis has been conducted and executed across all relevant domains to offer accurate and insightful estimations and forecasts. Hence the report assists clients to take well-informed and crucial decisions in their respective industries, sectors, or companies. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2027.

Smart packaging market is expected to be witnessing market growth at a potential rate of 6.58% in the forecast period of 2020 to 2027, with this growth giving rise to the market reaching an estimated valuation of USD 48.63 billion by the end of the above-mentioned forecast period. This rising market value is analysed and the major factors are provided in the market insights which can provide greater information for the user to strategically base their business models on. The major players covered in the report are 3M, Sealed Air, Bemis Company, Inc., Point Five Packaging, LLC, Mocon Denmark Holding ApS, Praxair Technology, Inc., Amcor plc, Avery Dennison Corporation, R.R. Donnelley & Sons Company, Stora Enso, DuPont de Nemours, Inc., American Thermal Instruments, Crown, Ampacet Corporation, Multisorb, Timestrip UK Ltd., ULMA Group, WestRock Company, UPM, LCR Hallcrest among other players domestic and global. Market Share data is available for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Smart packaging is the collection of advanced packaging methods and integration of various innovative technological methods that are applicable in packaging of contents that are sensitive in nature and require better traceability, and solutions that can extend the overall shelf life of the contents in an efficient manner. These packaging solutions enable the consumers to gather greater information on the quality and freshness of the contents helping improve the convenience and safety levels.

Increasing demands for temperature controlled packaging solutions from the food & beverages and pharmaceutical industries due to their temperature sensitive contents, high awareness rate amongst the global population regarding the importance of maintaining food safety & quality and a number of technologically advanced innovations presented by the major market players are expected to enhance the growth potential for smart packaging market in the forecasted period of 2020 to 2027.

Global Smart Packaging Market By Type (Active Packaging, Intelligent Packaging, Interactive Packaging, Controlled Permeability Packaging, Modified Atmosphere Packaging), Packaging Technology (Indicators, Sensors, Data Carriers), Packaging Functionality (Protection, Containment, Communication, Convenience), End Use Vertical (Food, Beverage, Healthcare, Personal Care, Automotive, Logistics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa), Industry Trends and Forecast to 2027

Although, one of the major restricting factors associated with the smart packaging market are its high costs of implementation and production initially. This factor is acting as a major restraint for the market's growth. Lack of awareness amongst the various consumers which is resulting in lack of preference for these smart solutions, this factor is expected to hinder the market's growth in the above-mentioned forecasted period.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research�smart packaging market contact us for an�Analyst Brief�our team will help you take an informed market decision to achieve market growth.

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Smart Packaging Market Scope and Market Size

Smart packaging market is segmented on the basis of type, packaging technology, packaging functionality and end user vertical. The report provides you the market analysis and insights for individual segmentation and helps in the identification of your core applications in terms of your own businesses to improve the volume of revenue generated.

Smart packaging market on the basis of type has been segmented into active packaging, intelligent packaging, interactive packaging, controlled permeability packaging and modified atmosphere packaging. Active packaging has been segmented into antimicrobial, gas scavengers, moisture control, corrosion control and others. Gas scavengers are further segmented into oxygen scavengers, carbon dioxide scavengers & generators and ethylene (ethane) scavengers. Intelligent packaging is sub-segmented as indicators and tracking devices. Indicators are further sub-segmented into time-temperature indicators, gas indicator, quality indicators and thermochromic ink. Tracking devices are also further segmented into radio frequency identification detection (RFID) and near-field communication (NFC). Modified atmosphere packaging has been segmented into active modified atmosphere packaging and passive modified atmosphere packaging.

On the basis of packaging technology, the market has been categorized as indicators, sensors and data carriers. Sensors have been sub-segmented as biosensors and gas sensors. Data carriers have been sub-segmented into bar codes, radio frequency identification detection (RFID), 2D matrix codes, quick response codes and augmented matrix codes.

Based on packaging functionality, the smart packaging market consists of protection, containment, communication and convenience.

Smart packaging market has also been segmented based on end use vertical into food, beverage, healthcare, personal care, automotive, logistics and others. Others consist of electronic goods

Smart Packaging Market Country Level Analysis

Smart packaging market is analysed and market size, volume information is provided by country, type, packaging technology, packaging functionality and end use vertical as referenced above.

The countries covered in the 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 in the Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.

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North America will account for the majority of the share for smart packaging due to the existing infrastructure availability for smart warehousing, logistics and packaging. North America will also hold the largest market share due to the large-scale investments and expenditure being incurred by the major manufacturers and market players to improve the adoption rate for smart technologies in food packaging products. Asia-Pacific will hold the highest growth rate of smart packaging products and solutions amid high demands for packaged food and associated packaged products that require increased concerns and care in the logistics cycle.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Smart Packaging Market Share Analysis

Smart packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to smart packaging market.

In April 2019, Tetra Pak International S.A. announced the availability of their smart packaging platform transforming the milk and juice cartons developed by the organizations into information provision channels and digital tools. This platform has been based on the latest digital industry trends helping integrate digital printing and data management into the packaging products.

In January 2019, Smartrac N.V. announced that they had entered into a partnership with Axzon for the development of innovative intelligent sensor solutions for the development of a number of smart IoT solutions for different industries. The agreement will be based on the development of RFID-based sensing solutions for smart packaging, healthcare, logistics, automotive, supply chain management, logistics and various others.

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