Smart Packaging Market Worth $31.1 Billion In 2016’ Says Visiongain Report

31 August 2016
Packaging

Visiongain’s new report the Smart Packaging Market Report 2016-2026: Forecasts For Active Packaging Technologies: Gas Scavenger, Corrosion Control, Moisture Control, Intelligent Packaging QR Coding, RFID, Time-Temperature Indicators TTI, Modified & Controlled Atmosphere Packaging MAP & CAP, Other And By End-Use For Pharmaceutical, Beverage, Food, Personal Care, Other indicates that the global smart packaging market will see $31.1bn in spending in 2016.

The lead analyst of the report said “Smart packaging is the element of packaging that in addition to the traditional three functions of packaging products (protection, containment and communication), offers a number of extra functionalities. Visiongain calculates that the global smart packaging market will be worth $31.1bn in 2016. The main driving factors will be the rising income and changing lifestyle which alter consumer requirements for product packaging. As disposable income rises, consumers are more willing to pay extra for some of the additional functions provided by smart packaged products. Increasingly busier lifestyles and rising health concerns have also led to surging demand for active packaging through the boost in demand for convenient packaging and products such as ready meals. Consumers will also want to know the exact nutritional value as well as the condition of the products they are consuming and thus open up more opportunities for smart packaging products. The ageing population is another stimulator. The growing number of elderly people will boost the demand for pharmaceuticals where active packaging is applied intensively”

The 214 page report contains 163 tables, charts and graphs that add visual analysis in order to explain developing trends within the smart packaging market. Visiongain provides forecasts for the period 2016-2026 for the 5 leading smart packaging submarkets, namely Active Packaging Technologies (including Gas Scavenger, Corrosion Control, Mositure Control) , Intelligent Packaging, Modified & Controlled Atmosphere Packaging MAP & CAP, Other. The report also includes forecasts from 2016-2026 for the Pharmaceutical, Beverage, Food, Personal Care and Other sectors

The 214 page report offers market forecasts and analysis for 11 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 6 companies leading the field in smart packaging including Amcor, Ball Corporation, Bemis, Crown Holdings, Reynolds Group Holdings & Sealed Air Corporation

The Smart Packaging Market Report 2016-2026: Forecasts For Active Packaging Technologies: Gas Scavenger, Corrosion Control, Moisture Control, Intelligent Packaging QR Coding, RFID, Time-Temperature Indicators TTI, Modified & Controlled Atmosphere Packaging MAP & CAP, Other And By End-Use For Pharmaceutical, Beverage, Food, Personal Care, Other report will be of value to anyone who wants to better understand the smart packaging market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the smart packaging industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the automotive, chemical, cyber, defence, energy, pharmaceutical, materials and telecoms sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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