Intelligent Packaging Market Overview
Food & Beverage industry has adopted intelligent packaging extensively across the world. There is seen an increased demand for intelligent packaging from the growing food & beverage industry, which has driven the market for global intelligent packaging. According to Institutional Repository of the Pan American Health Organization, global volume sales of processed food & beverages increased from 328,005 K Tons in 2010 to 471476 K Tons in 2013.
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Some of the key players in the global Intelligent Packaging Market Share include 3M (U.S.), TempTime Corporation (U.S.), PakSense (U.S.), American Thermal Instruments (U.S.), Avery Dennison (U.S.), R.R. Donnelly Sons & Company (U.S.), BASF SE (Germany), International Paper (U.S.), Stora Enso (Finland), Thin Film Electronics ASA (Norway), Huhtamaki Group (Finland), and Smartrac N.V. (The Netherlands), among others.
Intelligent Packaging Market Share has seen significant growth in last few years due to its application across industries, and supportive government policies on food safety. The companies have adopted the strategy of product development and technological advancement.
Global Intelligent Packaging Market Share is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Product: Comprises – Gas Scavengers, Corrosion Control Packaging, Moisture Control Packaging, Susceptor Packaging, QR code, and others
Segmentation By Application: Comprises – Food & Beverages, Pharmaceuticals, Automotive, Electronics, and others
Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World
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Global COVID-19 Impact is projected to grow at a faster pace due to the increasing requirements of packaging from industries such as food & beverage, electronics, and healthcare. The solutions in these sectors across the supply chain is driving the market globally for such packaging.
North America accounts for the largest share in the global Intelligent Packaging Market Share. The region has witnessed increased investment in the R&D and product innovation as far as packaging is concerned.
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