Intelligent Packaging Market Research Report - Forecast to 2023

Intelligent Packaging Market Research Report - Global Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023

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Intelligent Packaging Market Global Intelligent Packaging Information: 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 Global Intelligent Packaging Market - Overview

Intelligent packaging is a system capable of carrying out intelligent functions like sensing, tracing, detecting, recording, communicating and applying scientific logic with the objectives of extending the shelf life of a product, improving quality, enhancing safety and providing all necessary information.

There are various intelligent packaging systems such as indicators, radio frequency identification type and sensors. The aim is to detect and communicate information about the condition of the product, without taking any direct action.

The Intelligent Packaging market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of such packaging is influenced by increased demand from food & beverage industry, growing demand from pharmaceutical industry, and increased government policies regarding food safety. However, high added cost of products, lack of willingness from consumers and retailers, and lack of marketing are expected to hinder the growth.

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Intelligent Packaging Market

Key Players: Amcor Ltd., Landec Corp., Graham Packaging Company Inc., Ball Corp., VIP Packaging, Timestrip PLC., Sealed Air Corp., SYSCO Corp., and Mitsubishi Gas Chemical Inc. are some of the prominent players at the forefront of competition in the global intelligent packaging market and are profiled in MRFR Analysis.

Regional Analysis Global intelligent packaging market is projected to grow at a faster pace due to the increasing requirements of packaging from industries such as food & beverage, electronics, and healthcare. The solutions in these sector across the supply chain is driving the market globally for such packaging.

North America accounts for the largest share in the global intelligent packaging market. The region has witnessed increased investment in the R&D and product innovation as far as packaging is concerned.

APAC is expected to experience the fastest growth during the forecasted period due to the economic growth of China and India. The region offers flourishing market for such technological advanced packaging solutions. The FDI in retail has further widened the scope of intelligent packaging and

lures the foreign players to enter the market with new packaging solutions.

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Intelligent Packaging Market

Competitive Analysis Intelligent packaging industry has seen significant growth in last few years due to its application across industries, and supportive government policies on food safety. The companies have adopted the strategy of product development and technological advancement.

Such key strategies adopted by the major players in the global intelligent packaging market has been adopted to cater to the technological requirements

of the intelligent packaging market. The market is highly technology driven across all applications and thus demands regular product innovation and increased investment in R&D. Furthermore the partnerships with other players across the supply chain ensures the expanding client base as well as the market share for the companies.

Multi Packaging Solutions (MPS) has partnered with a UK technology business to create barcodes that can interact with smartphones. The new

development, called SmarterBarcodes, transforms a standard barcode on any pack format into a two-way communications channel. Consumers interact with the packaging by scanning the barcode with any mobile device that has a camera.

Stora Enso are also collaborating with Aalto University, Chalmers University of Technology and the Royal Institute of Technology in long-term joint research and innovation development. They have also improving their asset to meet the growing demand. Recently, they also strengthened their presence in China with the Beihai consumer board mill in Guangxi that was established with an investment of USD 843.28 million.

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Intelligent Packaging Market Segmentation Global Intelligent Packaging Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Product: Comprises – Gas Scavengers, Corrosion Control Packaging, Moisture Control Packaging, Susceptor Packaging, QR code, and others Segmentation By Application: Comprises – Food & Beverages, Pharmaceuticals, Automotive, Electronics, and others

Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World

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Intelligent Packaging Market Major Players The key players of Global Intelligent Packaging Market report include- BASF SE, Dow Chemical Company, Koninklijke DSM N.V., Eastman Chemical Company, NatureWorks LLC, Metabolix Inc., Arkema Group, Novamont S.p.A., Biome Bioplastics Limited., FKuR Kunststoff and DaniMer Scientific LLC.

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