Category

Intelligent Packaging Market Size, Share, Opportunities And Trends By Packaging Technology (Intelligent Packaging (RFID Tags, Temperature Indicators, Freshness Indicators, Near Field Communication, Others), By Application And By Geography - Forecasts From 2019 To 2024

114 pages
Published on : May 2019
Report Code : KSI061610043

Description

The global Intelligent packaging market was valued at US$4.674 billion in 2017 and is projected to expand at a CAGR of 11.18% over the forecast period to reach US$8.828 billion by 2023. The need for machine-readable data to be incorporated in packaging has given rise to the introduction of intelligent or smart packaging systems. Intelligent packaging is a part of the communication system which is capable of providing knowledge and information about a product. The complexity of products, advances in packaging technology and investments in research and development are some of the major market drivers. North America and Europe hold a significant market share due to the stringent government regulations regarding food and beverages packaging along with a high adoption rate of technological advancements. On the other hand, the Asia-Pacific is experiencing a fast growth in the global intelligent packaging market. These solutions offer benefits like convenience, tamper-proof and theft resistance among others. The demand for these solutions is expected to witness maximum growth due to increasing penetration of technologies and focus on curbing counterfeit products.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Intelligent packaging value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global Intelligent packaging market.

Major industry players profiled as part of the report are BASF SE, 3M, DuPont, and Amcor Limited among others.

Segmentation

The global intelligent packaging market has been analyzed through the following segments:

By Packaging Technology

RFID tags

Temperature indicators

Freshness indicators

Others

 

By Application

Food and beverages

Pharmaceutical and healthcare

Electronic products

Consumer care

 

By Geography

North America

United States

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

Italy

United Kingdom

Others

 

Middle East and Africa

Israel

Saudi Arabia

UAE

Others

 

Asia Pacific

Japan

China

India

Australia

South Korea

Others

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