Global “Smart Packaging” Market 2020-2023 is a historical overview and comprehensive research on the current and future market of the Smart Packaging industry. The report speaks to a fundamental outline of the Smart Packaging advertise size, status, contender fragment with an essential presentation of key sellers, top areas, item types and end enterprises. This report gives a chronicled outline of the Smart Packaging advertise patterns, development, income, limit, cost structure, and key driver’s examination.
Global Smart Packaging market size is estimated to grow at CAGR of 8% with USD xx during the forecast period 2020-2023. The “YOY (year-over-year) growth rate for 2020 is estimated at 0.0723%” by the end of 2023.
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Global Smart Packaging Market: About this marketTechnavio’s smart packaging market analysis considers sales from food and beverage, healthcare, personal care, automotive, and other end-users across APAC, Europe, North America, South America, and MEA. In 2018, the food and beverage segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for high-quality and safe food products and product innovation will play a significant role in the food and beverage segment to maintain its market position. Also, our global smart packaging market report looks at factors such as growing demand for product quality and freshness, increase in demand for printed electronics, and product launches across industries. However, costs involved in shifting to the smart packaging business model, security and data privacy issues, and stringent regulations may hamper the growth of the smart packaging industry over the forecast period.
Global Smart Packaging Market: Overview Growing demand for product quality and freshness The ability of smart packaging to protect products during distribution, storage, sale, and use is a major factor that will drive the global smart packaging market during the forecast period. Smart packaging provides enhanced functionalities such as moisture control and active packaging. These functionalities indicate the status or communicate product changes and other information to the consumers. With the increase in urbanization, consumers’ expectation of the packaged products is also evolving. The demographic changes have influenced customers to prioritize products’ quality and freshness over their costs. This demand for product quality and freshness will lead to the expansion of the global smart packaging market at a CAGR of over 8% during the forecast period.Increasing demand for product traceability in the pharmaceutical industry The increasing demand for product traceability is the latest trend in the global pharmaceutical industry as it faces the burgeoning issue of drug counterfeiting and imitation. Drug counterfeiting has existed since decades, and the situation has worsened due to the proliferation of Internet sales, inefficient supply chain, and a general lack of stringent regulations in the global pharmaceutical industry.
The product traceability feature is likely to be adopted in smart packaging solutions, which helps in product serialization across the pharmaceutical supply chain. Smart packaging is expected to incorporate extensive drug serialization technologies such as RFID and 2D barcodes. This development is expected to have a positive impact on the overall market growth.For the detailed list of factors that will drive the global smart packaging market during the forecast period 2019-2023, click here.Competitive LandscapeWith the presence of several major players, the global smart packaging market is moderately fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart packaging manufacturers, that include 3M Co., Amcor Plc, Avery Dennison Corp., BASF SE, Huhtamäki Oyj, Insignia Technologies Ltd., International Paper Co., R.R. Donnelley and Sons Co., Stora Enso, and Thin Film Electronics ASA. Also, the smart packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
List of theTop Key Playersof Smart Packaging Market:
Smart Packaging market report covers all the major system technologies that are currently being implemented in the global Smart Packaging industry. Market values are based on the end-user (public and private) based on the manufacturing of Smart Packaging systems. Smart Packaging market manufacturers place orders when they receive work orders from Smart Packaging market operators such as commercial, military, and others. Therefore, market numbers are derived from the end-user perspective, considering their (Smart Packaging market operators) orders for the Smart Packaging market.
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Market Dynamics:
Growing demand for product quality and freshness The ability of smart packaging to protect products during distribution, storage, sale, and use is a major factor that will drive the global smart packaging market during the forecast period. Smart packaging provides enhanced functionalities such as moisture control and active packaging. These functionalities indicate the status or communicate product changes and other information to the consumers. With the increase in urbanization, consumers’ expectation of the packaged products is also evolving. The demographic changes have influenced customers to prioritize products’ quality and freshness over their costs. This demand for product quality and freshness will lead to the expansion of the global smart packaging market at a CAGR of over 8% during the forecast period.Increasing demand for product traceability in the pharmaceutical industry The increasing demand for product traceability is the latest trend in the global pharmaceutical industry as it faces the burgeoning issue of drug counterfeiting and imitation. Drug counterfeiting has existed since decades, and the situation has worsened due to the proliferation of Internet sales, inefficient supply chain, and a general lack of stringent regulations in the global pharmaceutical industry. The product traceability feature is likely to be adopted in smart packaging solutions, which helps in product serialization across the pharmaceutical supply chain. Smart packaging is expected to incorporate extensive drug serialization technologies such as RFID and 2D barcodes. This development is expected to have a positive impact on the overall market growth.For the detailed list of factors that will drive the global smart packaging market during the forecast period 2019-2023.
Global Smart Packaging Industry 2020 Market Research Report is spread across 144 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector. Smart Packaging market especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, Smart Packaging market trends, share, regions, type, and applications.
Smart Packaging market research covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global Smart Packaging market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in historical and future till Smart Packaging market forecast 2020-2023.
This Report lets you identify the opportunities in Smart Packaging Market by means of a region:
The report provides insights on the following pointers:
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Detailed TOC of Smart Packaging Market Report 2020-2023:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
PART 12: REGIONAL LANDSCAPE
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
PART 17: VENDOR ANALYSIS
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