Press release
Smart Packaging Market is projected to grow at a significant CAGR of 5.9% during 2022-2029 | Size, Share, Analysis & Forecast
Smart Packaging Market
Smart Packaging Market is estimated to grow at CAGR of 5.9% during the forecast period 2022-2029.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/smart-packaging-market-analysis-industry-research/
The factors driving the growth of Smart Packaging Market includes growing concerns related to food wastage, expansion of the e-commerce industry, increasing demand for sustainable packaging solutions around the world and rise in the consumption of packaged food products. According to the report published by Statista, the sales of packaged food products around the world has increased drastically from USD 2.47 trillion in 2016 to USD 2.64 trillion in 2019, which will accelerate the Smart Packaging Market size in the approaching years. Moreover, growing adoption of advanced technologies such as RFID, QR code and NFC, rise in the launch of innovative products and increasing health consciousness amongst people, are some of the additional factors supplementing the Smart Packaging Market Growth. In addition, the increasing investments by leading players on research and development, growing focus by manufacturers on developing environment friendly packaging solutions, rising population growth rates and improvements in the living standards, are further contributing towards the market growth.
However, growth of the Smart Packaging Market is hindered attributed to high cost of manufacturing smart packaging solutions.
The leading players operating in the market are Desiccare, Inc., Ochre Media Pvt Ltd., Coveris, Sealed Air, WINPAK LTD., Cision, BASF SE, Praxair, Berry Global Inc., BALL CORPORATION and Desiccare, Inc., among others.
Based on Type, the Active segment is predicted to expand at a significant CAGR during the forecast period
Active Smart Packaging solutions are available in available in forms such as plastic, fabric, and plastic films along with its increasing application in the pharmaceutical industry, are some of the factors pushing the growth of the segment.
Based on End-Use Industry, the Food & Beverage segment is projected to grow at a remarkable CAGR over the forecast period
Increasing use of active smart packaging in food and beverage industry for enhancing the quality of packaged products, is propelling the segment's growth.
Based on Region, the North American region is anticipated to hold the highest market share during the forecast period
Growing concerns related to environmental pollution, rapid growth in the food and beverage and pharmaceutical industries, increasing population growth rates, high per capita incomes, and improved standards of living, are some of the important factors augmenting the market growth in North American region.
Key Development
In 2019, Tetra Pak officially introduced a connected packaging platform, which transforms milk and juice cartons into interactive information channels, full-scale data carriers, and digital tools.
Market Segmentation
Segmentation by Type
Active
Intelligent
Segmentation by End-Use Industry
Pharmaceuticals
Alcoholic Beverages
Cosmetics
Food & Beverage
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Packaging Market is projected to grow at a significant CAGR of 5.9% during 2022-2029 | Size, Share, Analysis & Forecast here
News-ID: 2782141 • Views: …
More Releases from Gmi Research
OLED Market is projected to rise at a higher CAGR during the forecast period | S …
The OLED Market is anticipated to expand at a remarkable CAGR during the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/global-oled-market/
The factors driving growth of the OLED Market includes increasing penetration of smartphones and gaming consoles around the world, Government policies supporting OLED lighting research, growing popularity of smart Televisions and improvements in the living standards. For instance, the revenue generated from the sales of video game consoles…
3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period | …
The 3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-3d-printed-drugs-market-by-technique-type/
The factors driving growth of the 3D Printed Drugs Market includes increasing geriatric population around the world, growing demand for soluble drugs, rising prevalence of stroke, Alzheimer's disease and head and neck tumors and improvements in the living standards. For instance, the population aged 60 and…
Virtual Private Cloud Market is expected to grow at a higher CAGR of 23.4% over …
The Virtual Private Cloud Market is projected to grow at a CAGR of 23.4% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-virtual-private-cloud-market/
The factors driving growth of the Virtual Private Cloud Market includes huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, rising focus by companies on modernizing IT infrastructure, Government initiatives promoting digitalization, increasing number of data breaches reported around the…
Pest Control Services Market is poised to grow at a robust CAGR during the forec …
The Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/pest-control-services-market/
The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
