Smart Packaging Market Size to Grow by $ 2.89 bn through 2021-2025
The smart packaging market is expected to grow by $ 2.89 bn, accelerating at a CAGR of almost 7% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Smart Packaging Market: Segmentation by End User
This report provides a detailed analysis of the market by End User (Food and beverage, Healthcare, Personal care, Automotive, and Others) and Geography (North America, Europe, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Smart Packaging Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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 are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Smart Packaging Market Size to Grow by $ 2.89 bn During 2021-2025
Technavio has been monitoring the smart packaging market and it is expected to grow by $ 2.89 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Smart Packaging Market: Receive Free Sample Report
Smart Packaging Market: North America to lead market growth during the forecast period
Smart Packaging Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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 are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Smart Packaging Market: Key Highlights of the Report for 2021-2025
Technavio has been monitoring the global smart packaging market and it is expected to grow by $ 2.89 billion, accelerating at a CAGR of about 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Need more insights on this market? View Our Free Sample Report
Smart Packaging Market: Segmentation by End User
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 of smart packaging in this segment during the forecast period.
Smart Packaging Market: Segmentation by Geography
North America was the largest Smart Packaging Market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. 44% of the market 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 during the forecast period.
Smart Packaging Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Amcor Plc and Avery Dennison Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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