The prominent players operating in this region comprises
3M Company (U.S.)
American Thermal Instruments
R.R. Donnelly Sons & Company
Avery Dennison Corporation
Stora Enso, and Smartrac N.V.
May 17, 2019: HP Inc will introduce its brand-new HP Indigo 30000 digital press in India with its first-ever installation at the Parksons Packaging Plant in Daman. The digital press is one-of-a-kind digital folding carton press which assists the carton printing industry to cater to the demands coming from the end-users including personal care & cosmetics, healthcare, and F&B sectors.
Market Potential and Pitfalls
Smart Packaging Market Analysis has witnessed a tectonic surge in the past few years. Packaging technologies have witnessed innovations due to the changing preferences of the consumers. Additive technologies like oxygen scavengers and antimicrobials are added by quality indicators based on temperature monitoring and gas detection of the products in order to reduce the contamination and deterioration of the food. Due to the surging demand for advanced packaging solution from several pharmaceutical and processing industries, the Smart Packaging Market Analysis, Analysis is witnessing a significant surge during the review period. Smart Packaging Market Analysis, Analysis has gained momentum across industry verticals. The contribution towards the pharmaceutical segment is unparalleled.
The global Smart Packaging Market Analysis, has been segmented on the basis of technology and application.
Geographically, the Smart Packaging Market Analysis, has been studied under regions namely, Asia Pacific, Europe, North America, and the Middle East & Africa.
Europe bags the second position in the global market due to the high population density. Government imposed strict laws owing to environmental concerns which is triggering the demand for smart packaging in this region. Germany, France, Spain, Italy, and the UK are the major country-specific markets in this region.
The Asia Pacific region is witnessing a significant growth due to the surging industrialization, Factors such as easy availability of raw materials, rising demand for personal care products, cheaper manufacturing costs, and rising use of RFID tags in the automotive industry has spurred the growth in this region. Moreover, strict regulations from the government associated to environmental concerns and high demand for premium luxury products are promoting the growth of smart packaging in this region.
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