Growing urban population and changing lifestyle trends are responsible for the growth of the Smart Packaging Market. The supply of frozen food products like meat, vegetables, and fruits is increasing extensively across the world which gives rise to smart packaging.
According to MarketIntelReports' “Global Smart Packaging Market Research Report 2017”:Browse 163 Pages and an in-depth TOC on “Smart Packaging Market 2017 ” here
This method is used by manufacturers to retain the nutritional value of a product as well as its freshness. The demand for master packaging is more from consumer goods, food and beverages, pharmaceutical industry.
Patients, pharmacists, and health professionals can also gain information from this type of packaging.
Scope & Regional Forecast of the Smart Packaging Market
New technologies like active intelligence packaging replace traditional packaging technique. This factor enhances the growth of the Smart Packaging Market.
However, factors like high cost of implementation restricts the growth of the industry.
North America dominates the market due to stringent regulations about food and beverage packing. The demand for better packaging systems in US and Canada aid in the growth of the market.
Asia Pacific is expected to have a huge growth in the coming years.
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Near Field Communication is expected to be the fastest growing segment in packaging devices. Usage of NFC is prominent in Telecom industries.
Smartphones which have NFC can be paired with NFC stickers which are programmed by the NFC apps to execute the tasks automatically. This will fuel the growth of the market further.
Packaging devices are used by the pharmaceutical industry for drug delivery and diagnostics. Automotive industry also has a significant share in the market.
Usage of RFID tags to improve the production efficiency will elevate the demand for renewable packaging. Growth of the personal care sector is an asset for the market.
Packaging materials will also ease the process of bulk transportation. Due to technological advancements, manufacturers are using other packaging alternatives to reach customers and have a major share in the market.
Segmentations & Key Players Involved in the Smart Packaging Market
The Smart Packaging Market can be broken down into various segments as follows:
- Region- North America, Europe and Asia-Pacific.
Some of the key players involved in the Smart Packaging Market are as follows:
- Avery Dennison Corp
- Amcor Limited
- Du Pont
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