According to a new market report published by Lucintel, the future of the smart packaging market looks promising with opportunities in the food & beverage, pharmaceutical, and personal care industries. The global smart packaging market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market are increasing demand for fresh, safe, & healthy packaged food, growing concern of manufacturers for longer shelf life, and rising demand for sustainable packaging.
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Smart packaging is a type of packaging which is used to control moisture and microbial activities, thus helping prevent contamination of the item/s inside. In this market, active packaging and intelligent packaging are the major packaging types of smart packaging. Lucintel forecasts that active packaging will remain the largest type segment over the forecast period, as it has superior moisture control and corrosion protection properties.
Within this market, food & beverages will remain the largest end use segment over the forecast period due to rising use of active products in the food & beverage industry coupled with growing emphasis to preserve the quality and safety of packaged products from manufacturing to the time the food is consumed.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to growing health awareness among consumers in this region, especially in developing countries including China & India and growing disposable income of consumers.
Amcor, Ampacet, Ball, Bemis, Constar, Crown, W. R. Grace, Graham Packaging, Innovia Films, Landec, and Mitsubishi Gas Chemical are among the major suppliers in the global smart packaging market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smart packaging market by packaging type, function, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Smart Packaging Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global smart packaging market by packaging type, function, end use, and region as follows:
By Packaging Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Active Packaging
Intelligent Packaging
By Function [Value ($ Million) shipment analysis for 2014 – 2025]:
Protection & Security
Indication
Track & Trace
Authenticity
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Food & Beverage
Pharmaceuticals
Personal Care
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.