Intelligent Packaging Market Scope
Intelligent Packaging is packaging which informs end-users a few aspects of the quality, nature or production history of the food. The intelligent packaging provides traceability, tracking and record keeping with supply chain from harvest and manufacture of food and packaging materials to point of sale. It is considered one of the fastest-growing segment in smart packaging because of increasing utilization of indicators, majorly time-temperature indicators. With the advancement in technology such as nanotechnology, printed electronics along with easy availability of materials with high capacity. With the emergence of the internet of things is booming as an advanced food safety management system that can monitor food waste and food loss.
The market study is being classified by Type (Active Intelligent Packaging, Controlled Intelligent Packaging and Smart Intelligent Packaging), by Application (Dairy Products, Meat & Seafood, Bakery Products, Confectionary Products and Others) and major geographies with country level break-up.
The market is fragmented by some of the leading players, they are highly focusing on the production of new technologies, improving efficiency and shelf life. These players are capturing growth opportunities by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Intelligent Packaging market throughout the predicted period.
Jones Packaging (Canada), 3M (United States), Du Pont (United States), BASF (Germany), Amcor (Australia), Campden Bri (United Kingdom), Honeywell International Inc. (United States), Kezzler (Norway), SYSCO Corp. (United States) and Sealed Air Corp. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Cosmo Films Limited (India), Water.io (Israel) and Stora Enso (Finland).
AdvanceMarketAnalytics has segmented the market of Global Intelligent Packaging market by Type, Application and Region.
On the basis of geography, the market of Intelligent Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In Sep 2019, Kezzler and ARCA Etichette announced the strategic partnership to market Kezzler Authenticate. This solution authenticates in the pharmaceutical, chemical, cosmetics, and food industries. Kezzler is focusing on becoming a digital brand to provide an end-to-end solution which enable consumers to verify their products by consumers.
- Rising Adoption of Intelligent Packaging from the Manufacturers and Retailers for Having Information Regarding Food Products While Storage and Shipping
- Increasing usage of active components in food packaging, which required means of monitoring overall packaging conditions. This system also helps in reducing food waste, achieving higher food safety, consumer convenience and others.
- Advancement in Demographic and Economic, Along With Changing Lifestyle
- Rising Demand for the Processed Food and Rising Manufacturers Attention towards Longer Life of Packed Goods
- Increasing Health Awareness Along With Rising Concern towards Food Safety Issues
- Required High Investment in Packaging as Compare to the Traditional Packaging Systems
- Lack of Consumer Awareness
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Intelligent Packaging Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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