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Smart Packaging Market Segments and Key Trends Overview 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.

The Global Smart Packaging Market is expected to reach USD 26.7 billion by 2024, according to a new report by Grand View Research, Inc.


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.

To Know More About Smart Packaging Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/smart-packaging-market 

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.

Top Players of Smart Packaging Market:

Some leading companies operating in the global market include 3M, BASF, Du Pont, Avery Dennison Corp., Amcor Limited, Sealed Air Corporation and International Paper.

Market Segmentation of Smart Packaging Market:

The Global Smart Packaging Market segmented by Product, Application, And Region.

By Product:

Active Packaging
Gas Scavenger
Corrosion Control Packaging
Moisture Control Packaging
Intelligent Packaging
Time temperature Indicator
Gas Indicator
Thermochromic Ink
RFID & Barcode
NFC

By Application:

Food & Beverage
Healthcare
Personal Care
Automotive

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Inquire about Smart Packaging Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3245/ibb 
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