The smart packaging market has the potential to grow by USD 2.89 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 705.%.
This smart packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (food and beverage, healthcare, personal care, automotive, and others) and geography (North America, Europe, APAC, South America, and MEA). The report also offers information on several market vendors, including 3M Co., Amcor Plc, Avery Dennison Corp., and BASF SE, among others.
What will the Smart Packaging Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Smart Packaging Market
Smart Packaging Market: Key Drivers and Trends
The growing demand for product quality and freshness is notably driving the smart packaging market growth, although factors such as costs involved in shifting to the smart packaging business model may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the smart packaging industry get your FREE report sample now.
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This smart packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Who are the Major Smart Packaging Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- 3M Co.
- Amcor Plc
- Avery Dennison Corp.
- BASF SE
- Emerson Electric Co.
- Huhtamäki Oyj
- Insignia Technologies Ltd.
- International Paper Co.
- RR Donnelley & Sons Co.
- Stora Enso Oyj
The smart packaging market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the smart packaging market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Smart Packaging Market?
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44% of the market’s growth will originate from North America during the forecast period. The US is the key market for smart packaging market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The high technology penetration, increase in the consumption of packaged food, and extensive e-commerce presence will facilitate the smart packaging market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating End-user Segments in the Smart Packaging Market?
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In the food and beverage industry, smart packaging extends the shelf-life, enhances product quality, ensures safety, and monitors product performance throughout the supply chain. Smart packaging also helps in communicating vital data and statistics of the enclosed product to the consumers via texts or graphics and simplifies the handling of the products enclosed. These factors will drive the use case of smart packaging in this segment during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the smart packaging market size.
What are the Key Factors Covered in this Smart Packaging Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive smart packaging market growth during the next five years
- Precise estimation of the smart packaging market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the smart packaging industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart packaging market vendors
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Smart Packaging Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
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Market growth 2021-2025 |
$ 2.89 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.80 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 44% |
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Key consumer countries |
US, China, Germany, France, and Japan |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
3M Co., Amcor Plc, Avery Dennison Corp., BASF SE, Emerson Electric Co., Huhtamäki Oyj, Insignia Technologies Ltd., International Paper Co., RR Donnelley & Sons Co., and Stora Enso Oyj |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |