Special Features of Intelligent Packaging Market Attracts Lucrative Opportunities For Market Players

Market Research Future published a research report on “Intelligent Packaging Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Global Intelligent Packaging Market Information by product (Gas Scavengers, Corrosion Control Packaging, Moisture Control Packaging, Susceptor Packaging, QR code, and others), by Application (Food & Beverages, Pharmaceuticals, Automotive, Electronics, and others) and Region - Forecast to 2022
Amcor Ltd., Landec Corp., Graham Packaging Company Inc., Ball Corp., VIP Packaging, Timestrip PLC., Sealed Air Corp., SYSCO Corp., and Mitsubishi Gas Chemical Inc. are some of the prominent players at the forefront of competition in the global intelligent packaging market and are profiled in MRFR Analysis.

Concepts of intelligent packaging play an increasingly important role by offering innovative solutions for extending the shelf-life or maintain, improve or monitor food quality and safety. Increasing concern of food safety and the trafficking of counterfeit pharmaceuticals will increase the demand of intelligent packing products such as time-temperature indicator and other products. Stringent management regulations about safety standards and food packaging, reduction in tracking time and efficient product monitoring are other factors which are contributing to the growth of this market. However, increasing cost of raw materials may hamper the growth of this market. The global intelligent packaging market is expected to be growing at CAGR of approximately 9% by 2022.

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Global Intelligent Packaging Market - Competitive Analysis

Intelligent 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 have adopted the strategy of product development and technological advancement.

Such key strategies adopted by the major players in the global intelligent packaging market has been adopted to cater to the technological requirements of the intelligent packaging market. 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.

Multi Packaging Solutions (MPS) has partnered with a UK technology business to create barcodes that can interact with smartphones. The new development, called SmarterBarcodes, transforms a standard barcode on any pack format into a two-way communications channel. Consumers interact with the packaging by scanning the barcode with any mobile device that has a camera.

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. They have also improving their asset to meet the growing demand. Recently, they also strengthened their presence in China with the Beihai consumer board mill in Guangxi that was established with an investment of USD 843.28 million.

PepsiCo embraces active and intelligent packaging with interactive session at AIPIA World Congress 2017. PepsiCo is to host an interactive session at AIPIA World Congress 2017, asking the association’s members to come up with ideas for new packaging for PepsiCo brands incorporating all types of active and intelligent packaging formats and technologies.

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Global Intelligent Packaging Market - Segments

Global Intelligent Packaging Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Product: Comprises – Gas Scavengers, Corrosion Control Packaging, Moisture Control Packaging, Susceptor Packaging, QR code, and others
Segmentation By Application: Comprises – Food & Beverages, Pharmaceuticals, Automotive, Electronics, and others
Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World

APAC will be the largest market

Asia pacific is expected to be the largest market and is expected to achieve an extraordinary growth rate attributable to changing lifestyle and increase in disposable income in China and India. Packaged food demand is also driven on account of increasing food demand by growing population. Rapid advances for newer and emerging technologies in this region will also drive demand for intelligent packaging.

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We recognize the key players in the global intelligent packaging market - Amcor Ltd., Landec Corp., Graham Packaging Company Inc., Ball Corp., VIP Packaging, Timestrip PLC., Sealed Air Corp., SYSCO Corp., and Mitsubishi Gas Chemical Inc. This report includes the product portfolios of the same.

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 intelligent 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.

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