Intelligent Packaging Market Solutions - Size, Share, Growth and Forecast 2022

Summary

Global Intelligent Packaging Market Solutions: by product (Gas Scavengers, Corrosion Control Packaging, Moisture Control Packaging, Subsector Packaging, QR Code, and others), Application (Food & Beverages, Pharmaceuticals, Automotive, Electronics, and others), and Region - Forecast to 2023

Intelligent Packaging Market Solutions Overview

As per a detailed analysis by Market Research Future (MRFR), the global Intelligent Packaging Market Solutions is estimated to garner a stellar CAGR during the forecast period (2017-2023). The mammoth demand from the food and beverage sector is promoting the Intelligent Packaging Market Solutions growth across the globe. Smart and intelligent packaging is generally used to monitor, protect, interact, and maintain the safety and quality of the product. This type of packaging is used to minimize cost, reduce human error, and prevent illness caused due to the consumption of spoiled food items. This effective methodology has witnessed the fastest growth in the past few years due to the reliable output and efficient properties, which act as a future trend for the market.

Competitive Dashboard

The prominent players operating in the global Intelligent Packaging Market Solutions comprises

• TempTime Corporation (U.S.)


• 3M (U.S.)


• American Thermal Instruments (U.S.)


• PakSense (U.S.)


• R. Donnelly Sons & Company (U.S.)


• Avery Dennison (U.S.)


• International Paper (U.S.)


• BASF SE (Germany)


• Thin Film Electronics ASA (Norway)


• Stora Enso (Finland)


• Smartrac N.V. (The Netherlands)


• Huhtamaki Group (Finland)

Market Potential and Pitfalls

The Intelligent Packaging Market Solutions has witnessed a tectonic surge over the past few years due to the plummeting demand from the food and beverage industry. The F&B sector has extensively adopted intelligent packaging.  The growing government policies regarding the safety of food is likely to influence the market growth across the globe. As per the Institutional Repository of the Pan American Health Organization, the volume sales of processed F&B across the world has witnessed a growth from 328,005 K Tons in 2010 to 471476 K Tons in 2013.

Segmental Analysis

The global Intelligent Packaging Market Solutions has been segmented on the basis of product and application.

The product segment of Intelligent Packaging Market Solutions constitutes of corrosion control packaging, gas scavengers, susceptor packaging, moisture control packaging, QR code, and others.

The application segment of Intelligent Packaging Market Solutions comprises pharmaceuticals, food & beverages, electronics, automotive, and others. Among these, the food & beverage sector has witnessed the fastest growth in the global market, owing to the strict policies related to food safety worldwide. The plummeting demand for solutions to retain the taste, color, and shelf life in the packaged food items have propelled the segment’s growth. The surging demand for cooling and self-heating packaged products in the beverage sector for several heat beverages like coffee, tea, and chocolate, are anticipated to trigger the demand for a solution, especially in the colder regions. Moreover, the growing demand for quality and fresh packaged food items, concerns of the manufacturers regarding longer shelf life, and increased consumer convenience are likely to impact the market growth positively.

Regional Frontiers

Geographically, the Intelligent Packaging Market Solutions has been studied under regions, namely, Asia Pacific, Europe, North America, and the Middle East & Africa.

Considering the global scenario, the North American region is estimated to acquire the largest share in the global market owing to the plummeting demand for frozen and packaged food items. With the changing government norms regarding food and packaging coupled with the surging demand for quality packaging to extend the shelf life and also focus on the less wastage of food, the market is likely to flourish. Such factors are promoting the growth of the regional market. The U.S. is experiencing rapid boom in its existing population owing to the work-related migrations in the nation. The increased population has directly impacted the food industry and the packaging industry positively.

The Asia Pacific region is likely to expand at the fastest rate owing to the economic growth of countries like India and China. The region also provides a flourishing market for advanced packaging solutions. Moreover, the FDI in the retail sector has expanded the scope of intelligent packaging, which influences the foreign players to penetrate the market with new solutions catering to packaging.

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