Global Smart Packaging Market is predicted to grow at approximately 6% by 2030

Pune, India, January 11, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on the global smart packaging market. The market for global smart packaging market is expected to grow over the CAGR of around 6% during the period 2023 to 2030

Market Highlights

The smart packaging market is growing over the past few years. Smart packaging is used for food & beverages, personal care, healthcare, and automotive products. Rising health awareness, technological advancement, increased shelf life and rising industrialization fueled the demand of the market. High research and development cost is expected to hamper the growth of the market in coming years.

Drivers

Market Research Analysis

It is expected that the global smart packaging market will advance with higher growth rate as compared to previous years. The market is highly application based. Personal care and automotive sectors are expected to grow fast over the forecasted period. However, food & beverage is the largest sector for smart packaging. On the basis of technology, active packaging accounted for the largest market share. European region is the leading market, majorly due to laws favoring smart packaging.

Global Smart Packaging by Application in 2015 (%)

Scope of the Report

This study provides an overview of the global smart packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global smart packaging market as technology and application. On the basis of technology it is segmented as active packaging, intelligent packaging and modified atmosphere packaging. On the basis of application it is widely used in food & beverage, health care, personal care and automotive industries.

Key Players

The key players of the global smart packaging market include- 3M Company, Temp Time Corporation, PakSense, American Thermal Instruments, Avery Dennison, R.R. Donnelly Sons & Company, BASF SE, International Paper, Stora Enso, Huhtamaki Group and Smartrac N.V.

Browse Full Report Details @ Smart Packaging Market Size