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International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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Global Smart Packaging Market Research Report 2023-2028:
According to the latest report by IMARC Group, titled " Smart Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20 23-2028
," the global smart packaging market size reached US$ 33.7 Billion in 2022.
Smart packaging involves specialized materials with advanced technology that improves packaging functionality by engineering smart elements in traditional packaging. As part of the packaging, biosensors are embedded in the material for the detection of pathogens and toxic elements in food.
In addition to facilitating reporting of packaging conditions, precise measurements of inside product quality, and improving the taste, aroma, and flavor of food products, it helps extend the shelf life of the product. Furthermore, it contributes to premium pricing, brand protection, waste reduction, and food preservation.
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The global market is majorly driven by the escalating demand for smart product labels across the organized retail sector. This can be attributed to a considerable rise in the number of online and offline organized retail channels across the globe. In addition to this, the increasing adoption of nanotechnology applications in a wide range of end-use industrial applications is also propelling the market. Moreover, the growing commercialization of printed electronics, along with the augmenting demand for improved logistics and supply chain management, is also positively impacting the market.
The increasing consumption of packaged products with an enhanced focus on sustainable packaging solutions is also providing an impetus to the market. Some of the other factors, such as rapid urbanization and industrialization, the rising trend of product premiumization, inflating disposable income levels, and extensive research and development (R&D) activities, are further contributing to the market growth.
Looking forward, IMARC Group expects the market to reach US$ 49.8 Billion by 2028, exhibiting at a CAGR of 6.4% during 2023-2028.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/smart-packaging-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Technology:
• Modified Atmosphere Packaging
• Active Packaging
o Antimicrobial
o Gas Scavengers
o Moisture Control
o Corrosion Control
• Intelligent Packaging
o Indicators
o Tracking Devices
Breakup by Industry Vertical:
• Food and Beverages
• Automotive
• Healthcare
• Personal care
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• Amcor plc
• American Thermal Instruments
• Avery Dennison Corporation
• Berry Global Inc
• Crown Holdings Inc
• Dupont De Nemours Inc
• Linde plc
• Multisorb Technologies Inc. (Filtration Group Corporation)
• Point Five Packaging LLC
• R.R. Donnelley & Sons Company
• Sealed Air Corporation
• WestRock Company
• Zebra Technologies Corporation
1. What was the size of the global smart packaging market in 2022?
2. What is the expected growth rate of the global smart packaging market during 2023-2028?
3. What has been the impact of COVID-19 on the global smart packaging market?
4. What are the key factors driving the global smart packaging market?
5. What is the breakup of the global smart packaging market based on the technology?
6. What is the breakup of the global smart packaging market based on the industry vertical?
7. What are the key regions in the global smart packaging market?
8. Who are the key players/companies in the global smart packaging market?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/smart-packaging-market/toc
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