The global smart packaging market is expected to reach USD 26.7 billion by 2024. Rising need for smart packaging products owing to increasing usage in the end use industries such as electronics and automotive on account of its superior protection properties is expected to fuel the growth over the forecast period. Rising industrialization in emerging regions including Asia Pacific and the Middle East is expected to drive the industry over the next eight years.
Increasing application scope in the logistics industry pertaining to the surging use of RFID tags at multiple levels to speed up locating products, and to improve the availability of real-time information coupled with the elimination of record loss is expected to drive the demand over the next eight years. Moreover, rising investment to improve the logistics industry within emerging economies such as China and India are projected to propel the industry growth.
Active Packaging accounted for over 70% of the market in terms of revenue on account of superior corrosion and moisture control properties. Growing use of the product in the automotive sector is likely to drive the demand over the forecast period.
Asia Pacific accounted for a significant share of over 11% in 2015. The ready availability of raw materials coupled with cheaper manufacturing costs is expected to drive the growth. The region is also projected to witness growth of over 14% from 2016 to 2024.
- Du Pont
- Avery Dennison Corp.
- Amcor Limited
- Sealed Air Corporation
- International Paper
- Thin Film Electronics ASA
- Huhtamaki Group
- Smartrac N.V.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Smart packaging Industry Outlook
4. Smart packaging Product Outlook
5. Smart packaging Application Outlook
6. Smart packaging Regional Outlook
7. Competitive Landscape
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