4 Key Insights on Intelligent Tamper-Proof Packaging Market for Forecast Period 2017 - 2027
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Intelligent Tamper-Proof Packaging Market: Market Dynamics
The increase in the number of counterfeit products especially in the developing nations is leading to the growth of intelligent tamper-proof packaging market as such packaging itself is a sign of the authentic product. The need for safe and hygienic food products is fueling the growth of intelligent tamper-proof packaging. The advent of utility stores, supermarkets, hypermarkets, world food stores has changed the landscape of shopping of food and beverage products. It is also leading to the growth of intelligent tamper-proof packaging because such packaging increases shelf life and maintains freshness and nutritional value of the products across the supply chain. The threat of bioterrorism and rise in consumption of gourmet food is also a factor contributing to the growth of this market. The change in lifestyle of people in the growing economies attributed by the increasing household as well as disposable income is fueling the growth of ready to eat, packaged, instant and frozen foods. Furthermore, the growth in the market for such foods is leading to the increase in the use of intelligent tamper-proof packaging.
Issues such as difficulty in the recycling of intelligent tamper-proof packages because of the attached devices or sensors, also impact the growth of this market. Possible migration of complex packaging materials into the product to detect its states such as freshness or quantity is another restraining factor. The intelligent tamper-proof packaging increases product cost because of advanced packaging technology involved, which affects its market growth. The market players are trying to develop cost-effective products to sustain in the market.
The intelligent tamper-proof packaging market is likely to be driven by consumer behavior patterns and societal factors in the forecast period. The growing need for information on the packaging indicates that there has to be changed in the ways to provide product information. Increasing awareness about the efficient use of a product, makes consumers want to know about ingredients, components, usage instructions, storage conditions, safety precautions and disposal directions of the product. The successful adoption of intelligent tamper-proof packaging can benefit all the players in the supply or value chain because such packaging would ensure product integrity at each loading and unloading point.
The increase in the number of devices connected with each other through AI (artificial intelligence) and IoT (internet of things), can boost the intelligent tamper-proof packaging market in the forecast period. The use of intelimer polymers for intelligent tamper-proof packaging is one of the latest trends as these polymers act as “temperature switches”. These can modulate properties such as adhesion, permeability, specific volume and viscosity.
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Intelligent Tamper-Proof Packaging Market: Market Segmentation
The global intelligent tamper-proof packaging market segmented on the basis of end-use industries:
Intelligent Tamper-Proof Packaging Market: Segmentation Overview
The intelligent tamper-proof packaging will have voice-enabled or audio-activated usage, storage, safety and disposal instructions contained on pharmaceutical and daily use household products. This will benefit consumers in using the product as well as waste recycling industries in sorting out packaging materials from waste streams. In healthcare and drug delivery systems, intelligent tamper-proof packaging can be programmed to communicate information about the patient to the healthcare institution. Furthermore, the intelligent tamper-proof packaging, labeling; and printing can communicate directly with the consumer via thin film devices such as RFID tags or specialized polymers. Intelligent tamper-proof packaging can provide audial and visual information in response to motion and touch, also by some other means such as activation and scanning.
Intelligent Tamper-Proof Packaging Market: Regional Outlook
The global intelligent tamper-proof packaging market geographically is segmented as North America, Eastern Europe, Western Europe, Latin America, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. North America and Europe hold a significant market share of intelligent tamper-proof market owing to the stern legislations and regulations regarding food and beverage safety and packaging. Furthermore, the increase in IoT (internet of things) and AI (artificial intelligence) enabled products, wherein intelligent tamper-proof packaging is a new trend, aids in boosting the growth of intelligent tamper-proof packaging market in the region. The market in the APEJ region is more inclined towards growing demand of intelligent tamper-proof packaging because of the increasing awareness about hygienic and quality products.
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Intelligent Tamper-Proof Packaging Market: Prominent Players
Some of the prominent players in the global intelligent tamper-proof packaging market are:
AEP Industries Inc.
American Packaging Corporation
Bemis Company, Inc.
Graham Packaging Company
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