Global Smart Packaging Market Anticipated to Reach USD 26.7 billion by 2024

 Global Smart Packaging Market is anticipated to reach USD 26.7 billion by 2024. Smart Packaging is also known as “Intelligent Packaging” or “Active Packaging”. Smart packaging is used for personal care, food & beverages, automotive and healthcare products. They provide extended shelf life, monitor freshness, ensure safety and improve suitability.


The factors that propel the growth of the market include changes in lifestyle patterns owing to surge in consumption of cosmetics and beauty products, rapid urbanization, and technological development in the packaging. On the other hand, there are factors that may hamper the growth of the market including intelligent packaging and high cost. Smart Packaging industry is anticipated to grow at a significant CAGR of 10.6% of in the upcoming period as the scope, product types, and its applications are increasing across the globe.


The industry may be explored by type, end users, technology type, driver, and geography. The market may be explored by type as industry verticals as Automotive, Food & Beverages, Personal Care, Healthcare, and Others. The “Food and Beverages” segment led the Smart Packaging Market in 2016 and is anticipated to maintain its dominance by 2024.


Request a Sample Copy of This Report: https://www.millioninsights.com/industry-reports/smart-packaging-market/request-sample

The market could be explored based on end users as Food & beverage, Logistics, Automotive, Healthcare, Personal care, and Others. The “Food & Beverage” segment led the Smart Packaging Market in 2015 and is anticipated to maintain its dominance by 2024 owing to increasing use of active products in the food & beverage industry coupled with rising importance to preserve the safety and quality of packaged products from manufacturing to the time the food is consumed is expected to drive the development of market.


The industry may be analyzed by technology type as Intelligent, Active, and MAP. The “Active packaging” segment led the smart packaging industry in 2015 and is anticipated to maintain its dominance by 2024 owing to high use in pharmaceutical, food and beverage, and personal care sector due to its corrosion protection and superior moisture control properties. The market may be analyzed by driver shelf life, brand protection and safety.


North America accounted for the major share of the Smart Packaging Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes fast development in the industries such as pharmaceutical, food & beverage, logistics, automotive, and manufacturing coupled with stable recovery from economic recession is anticipated to propel the demand over the forecast period. Increasing expenditure ability of consumers coupled with rising concerns on improving the general health in the region is anticipated to propel the smart packaging industry over the forthcoming period.


Some of the key players that fuel the growth of the smart packaging industry comprise Constar International Inc., Crown Holdings Inc., Bemis Company, Inc., Ball Corporation, Ampacet Corporation, Multisorb Technologies, Graham Packaging Company Inc., Sysco Corporation (Fresh Point Services), Rexam PLC, and Timestrip, PLC. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.


Browse Full Research Report with TOC:  https://www.millioninsights.com/industry-reports/smart-packaging-market


Market Segment:


Global Smart Packaging Product Outlook (Revenue, USD Million, 2013 - 2024)

    • Active Packaging

        • Gas Scavenger

        • Corrosion Control Packaging

        • Moisture Control Packaging

    • Intelligent Packaging

        • Time temperature Indicator

        • Gas Indicator

        • Thermochromic Ink

        • RFID & Barcode

        • NFC


Global Smart Packaging Application Outlook (Revenue, USD Million, 2013 - 2024)

    • Food & Beverage

    • Healthcare

    • Personal Care

    • Automotive

    • Others


Global Smart Packaging Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

    • North America

        • U.S

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

    • Latin America

        • Brazil

    • Middle East and Africa

continue........


Get In Touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.


Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com


Global Headquarters

Million Insights

Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Phone: 1-408-610-2300

Email: sales@millioninsights.com


Asia Pacific

Million Insights

Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India

Phone: 91-20-65300184


Comments

Post a Comment

Popular posts from this blog

Bright Steel Wire Rope Market 2020 - 2024: Worldwide Opportunities, Market Share, Key Players Tokyo Rope, Kiswire, & Certex UK

Bright steel wire rope refers to general wire rope without surface treatment, normally lubricated with grease to protect the wire rope from corroding. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Bright Steel Wire Rope Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). In this report, the global Bright Steel Wire Rope market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. The report firstly introduced the Bright Steel Wire Rope basics: definitions, classifications, applications and market overview; product
Read more

Plastic Reanimation Machine Market 2020-2024 | Prominent Drivers, Segmentation, Growth Rate, Overview & Future Prospects

 In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Plastic Reanimation Machine Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). In this report, the global Plastic Reanimation Machine market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-plastic-reanimation-machine-market-research-report-2020-2024/request-sample The report firstly introduced the Plastic Reanimation Machine basics: definitions, classifications, applications and mar
Read more

Global Sodium Monofluorophosphate Market Status 2019: New Report with Strategies, Growth Factors By 2023

18-apr-2019 Sodium Monofluorophosphate Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Sodium Monofluorophosphate basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis. The report includes six parts, dealing with: 1.) Basic Information; 2.) Asia Sodium
Read more