Smart Packaging Market: eco-friendly packaging materials expected to witness high growth in Europe.
Smart Packaging or intelligent packaging is the modern way of packaging which generally involve sensing, measurement and controlling for inner atmosphere and other features of a package. Smart Packaging is mostly used in food packaging, pharmaceuticals, logistics management industry and others. There is high scope for the Smart Packaging Market in various end user industries during 2015-2020.
Scope and Regional Forecast of the Smart Packaging Market:
North America and Europe are expected to be the dominating regions of the Smart Packaging Market during 2015-2020 due to the high scale utilization of smart technologies for product packaging in various sectors. North America and Europe collectively controls 70% of the global market shares, followed by Asia Pacific.
Asia Pacific is the largest region with high scope in the Smart Packaging Market through 2020. China is the driving force of this market in the Asia Pacific region and it has high resources and equipment to grow during 2015-2020.
According to the IndustryARC research analysis studies on the Smart Packaging Market, logistics, medical and pharmaceuticals and food and beverages industry are the rapidly growing industries during 2015-2020.
Segmentation and Key Players of the Smart Packaging Market:
The Smart Packaging Market is segmented into various categories in the IndustryARC marketing research report by type, by application, by industry and by geography.
- By Type: active packaging, intelligent packaging
- By application: Temperature Monitoring, Temperature Controllers, Logging (Temperature data loggers, Shock and vibration data loggers, Pressure data loggers and others), Dispensing Systems (Precision inhalers, Precision medical sprays and Adhesive dispensers), RFID Tracking (Package Tracking, Unit Load Tracking), Security (Security Printing (Security Holograms, Specialized labels), Electronic Article Surveillance) and Indicators (Freshness Indicator, Time Indicator, Shock and Vibration Indicator and other Indicators)
- By industry: Packaged Food Industry (Sea Food, Meat and Poultry, Dairy and others), Medical and Pharmaceutical Industry, Logistics Management Industry, Package Testing Industry and other Industries
- By geography: North America, South America, Europe, Asia Pacific and ROW
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The key players in the Smart Packaging Market according to the IndustryARC research report are as follows:
- BASF (Germany)
- Blue Spark Technologies (U.S.)
- ACREO (Sweden)
- Ball Corporation (U.S.)
- Plastic Logic (U.K.)
The Smart Packaging Market is a high potential market with rise in demand for the smart packaging solutions for industrial packaging and retail packaging with high details in various end user industries across the globe. This market is expected to witness high growth due to the increasing use of the flexible packaging methods by various industries for smart product packaging during 2015-2020.
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