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Smart Packaging Market : Global Industry Growing at a CAGR of 11.9% By 2026 : BASF, Sealed Air Corporation, 3M, Sonoco, Amcor, MeadWestvaco (MWV), and UPM – The Biofore Company

Increasing consumer awareness for food wastage reduction, longer shelf life & changing lifestyle of people and growth in the consumption of frozen and chilled food products are some of the key factors boosting the market growth. However, stringent environmental legislations and high development costs are hindering the market growth.

Smart packaging is an advanced form of packaging that provides additional functionalities such as extended shelf life, freshness monitoring and improved safety along with the traditional basic three functions of packaging that is protection, communication and containment. In addition, smart packaging are also used extensively by various end user segments in order to add value to their products, strengthen their brand image and to improve the consumer appeal.

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Smart packaging is a superior form of packaging that gives supplementary functionalities such as extensive shelf life, cleanness monitoring and better protection along with the conventional basic three functions of packaging that is protection, communication and containment. Smart packaging is also used widely by different end users in order to add value to their products, strengthen their brand image and to improve the consumer appeal.

SOME OF THE KEY PLAYERS IN GLOBAL SMART PACKAGING MARKET ARE

  • BASF SE,
  • I. Du Pont De Nemours and Company,
  • Sealed Air Corporation,
  • 3M,
  • Sonoco Products Company,
  • Amcor Limited,
  • Meadwestvaco Corporation,
  • Temptime Corporation,
  • Paksense,
  • Smartrac N.V.,
  • UPM-Kymmene Corporation,
  • Huhtamaki Group,
  • International Paper,
  • Thin Film Electronics ASA,
  • American Thermal Instruments (ATI),
  • Multisorb Technologies Inc,
  • Avery Dennison Corp,
  • RR Donnelley
  • Stora Enso OYJ.

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By End User, food & beverages segment acquired considerable growth due to increasing demand for packaged food products which provides nutritional enrichment and functional benefits. Asia-Pacific is expected to have a significant growth in the market owing to the rapid urbanization and change in lifestyle of consumers in the developing countries, such as China, India, and Thailand.

TECHNOLOGIES COVERED:

  • Modified Atmosphere Packaging (MAP)
  • Active Packaging
  • Intelligent Packaging (IP)

END USERS COVERED:

  • Food & Beverages
  • Personal Care
  • Healthcares
  • Automotive
  • Other End Users

MAJOR CHAPTERS COVERED IN SMART PACKAGING MARKET RESEARCH ARE:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 By Technology

6 By End User

7 By Geography

8 Key Developments

9 Company Profiling

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