Summary

Global Intelligent Packaging Market Opportunities, Size, Share, Trends, Growth, Analysis: 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 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.

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Competitive Landscape

Key market players include

• BASF SE
• International Paper
• Smartrac N.V.
• Huhtamaki Group
• TempTime Corporation
• PakSense
• American Thermal Instruments
• R. Donnelly Sons & Company
• Thin Film Electronics ASA
• Stora Ens
• Avery Dennison
• 3M

 

Intelligent Packaging Market Prospects

The global Intelligent Packaging Market is expected to experience massive demand from 2017 to 2023 (forecast period) thanks to increased efforts taken by manufacturers for maintaining the integrity of the product. High demand within the foods industry is projected to be one of the biggest drivers within the market. The use of sensors and indicators for minimizing waste and ensuring the quality of foods can drive the market demand considerably.

Rising numbers in population aided by urbanization and consumerization is predicted to spur the intelligent packaging market. In addition, other applications such as ecommerce are likely to rely on such methods to ensure customer service.

Market Segmentation

The intelligent packaging market is segmented by product and application.

By product, it is segmented into corrosion control packaging, subsector packaging, moisture control packaging, gas scavengers, QR code, and others. The gas scavengers segment is expected to hold a large market share over the forecast period due to policies emphasizing on quality and safety. Developments to ensure freshness of foods can boost segment growth. In 2017, Mitsubishi Gas Chemical introduced its oxygen absorbing technology to extend the shelf life of foods.

By application, it is segmented into pharmaceuticals, electronics, automotive, food & beverages, and others. The food & beverages segment is expected to trigger high demand from the market over the assessment period. This can be credited to the burgeoning populace and changing working conditions which rely on packaged foods for sustenance. Increased demand for self-heating and self-cooling applications coupled with long shelf life

Regional Analysis

North America is predicted to be the best-performing region in the global intelligent packaging market till 2023. This can be attributed to changing lifestyles of consumers and their purchasing power.

The Asia Pacific (APAC) region can create a huge windfall for the global market thanks to countries of South Korea, China, and India. Rise of foreign direct investment in the retail sector is bound to boost adoption of technology-specific applications. Advanced versions of active packaging which releases controlled dosage of ethanol to keep foods fresh are likely to bolster market demand significantly.

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Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Material

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

 

Continues……

List Of Figures

FIGURE 1 RESEARCH PRODUCT OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

Continues……

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