The smart packaging market size was valued at US$ 36.2 Billion in 2023 and is projected to reach US$ 48.61 Billion by 2030 at a CAGR of 4.3% during the forecast period 2024-2030. The growth of the market is majorly driven by increase in consumption of beauty products and cosmetics with packaging advancement technology.
The term "smart packaging" describes new developments in the packaging sector that improve the usefulness of products and businesses for both consumers and businesses, while also making it easier to access and monitor company and product-related data.
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The Smart Packaging Market segmentation:
1) By Technology: Modified Atmosphere Packaging (MAP), Active Packaging, Intelligent Packaging (IP).
2) By End User: Food & Beverages, Personal Care, Healthcare, Automotive.
The technique of adjusting the environment inside packaging that contains perishable foods such as beef, pork, chicken, and fish is known as modified atmosphere packaging, or MAP. Increasing the product's shelf life is the process's main objective for corporations.
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The prominent key players operating in the Smart Packaging Market is Sealed Air Corporation, Bemis Company Inc., Winpak Limited, Point Five Packaging Llc., Dansensor AS, Praxair, Inc., Berry Global Inc., Ball Corporation, Desiccare Inc., Linpac Packaging Limited, Coveris Holdings SA, BASF SE, Huhtamaki Group, Amcor Limited
Scope of The Report:
- The Smart Packaging Market research report includes historical data, trending features, and market growth estimates for the future.
- The qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period.
- The market report helps to provide the best results for business enhancement and business growth.
- The report gives a comprehensive overview of both primary and secondary data.
- The market key players covered here to help them strengthen their place in the market.
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