As per the report, the global smart packaging market is expected to reach $37,797 million by 2022, growing at a CAGR of 7.8% from 2016 to 2022.
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Big Market Research has added a report, titled, “Smart Packaging Market: Global Opportunity Analysis and Industry Forecast, 2014-2022”. The report provides an extensive analysis of top impacting factors, drivers & restraints, detailed segmentation, and key market players.
The report is a helpful source of information to gain insights on untapped geographies, key market trends, current market status, and market size estimations by 2022. It benefits market players, VPs, stakeholders, investors, and new entrants to gain thorough understanding of current market scenario and outlook of future to devise strategies for growth.
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The report offers executive summary of the global smart packaging market to help management executives and investors to save time and weigh up opportunities for growth. It also assists them to devise plans with a future-centric approach.
Key benefits of the industry are outlined along with key segments. Market research methodology is outlined in the study to help readers determine sources of data and information.
Primary and secondary methodology are implemented and analyst tools & models are highlighted in the study.
A market overview is provided in the study along with key findings and market dynamics. Top impacting factors, winning strategies, and investment pockets are highlighted to help market players, new entrants, and investors plan next moves.
Porter’s Five Forces analysis is provided in the report to help market players develop business strategy and determine competitive intensity. Market share analysis for key segments are provided for 2015 with the help of tabular and graphical format.
Market dynamics are provided in the research in terms of drivers, restraints, and opportunities.
Changing lifestyle preferences in emerging countries owing to rapid urbanization and rise in consumption of beauty and cosmetics products with advanced packaging technology are factors driving the global smart packaging market. Excessive cost of intelligent packaging is a challenge manufacturers need to overcome in the industry.
Untapped geographies and emerging economies present new opportunities in the industry. These insights are helpful to determine steps to be taken to experience growth by capitalizing on growth driving factors and weighing up opportunities.
The report offers a detailed segmentation of the global smart packaging market on type, end user, and geography. Based on type, the market is classified into active packaging, modified atmosphere packaging, and intelligent packaging.
The active packaging segment is further classified into gas scavengers, moisture control, corrosion control, and others; however, intelligent packaging system segment is classified into time temperature indicator, thermochromic inks, and radiofrequency identification (RFID). Intelligent packaging systems segment witnessed huge growth in the market in 2015, and is expected to register the highest CAGR of 9.6% during the forecast period.
These insights will help in determining the product types to focus on in coming years to register the highest growth.
End user segment is analyzed in the study based on food & beverage, automotive, healthcare, logistics, personal care, and others. Healthcare sector is expected to growth at the fastest rate during the forecast period by registering a CAGR of 10%.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region would register the highest CAGR of 9.1% during the forecast period owing to the trend of urbanization and changes in lifestyle preferences of people in countries such as India and China.
Moreover, Middle East region is the second fastest growing owing to increase in per capita income. These insights are helpful to determine strategies for expansion to enhance user base.
The report provides an extensive analysis of key market players operating in the global smart packaging industry. A company overview, operating business segments, and business performance of each market player are highlighted in the study.
Moreover, key strategic moves & developments by them are also highlighted in the study. Key market players operating in the industry are 3M, PakSense, TempTime Corporation, Avery Dennison Corp., American Thermal Instruments, BASF SE, R.R.
Donnelly Sons & Company, Stora Enso, International Paper, and Thin Film Electronics ASA. These insights are helpful in determining competitive intensity and open up opportunities for collaborations, agreements, and partnerships.
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