World Electronic Smart Packaging Market to See 45.5% CAGR to 2022, States Infoholic Research in New Report Available at MarketPublishers.com02 Aug 2016 • by Natalie Aster
LONDON – Currently, smart packaging is continuously replacing the conventional packaging system due to its enhanced shelf life and quality. In the forthcoming years, the global electronic smart packaging sector is expected to gain rapid momentum.
The electronic smart packaging has evolved into a trending issue for all industries and clients in protecting their goods, products, etc. The electronic mode is already being utilised in packaging products but their use is less and cost-friendly. To date with leading enabling technology, printed electronics are giving a boost to the potential opportunities for smart packaging by reducing the costs.
The worldwide electronic smart packaging market is poised to record a CAGR of 45.5% through to 2022. In the offing, the smart packaging market is set to see fast-paced growth and will likely grow at a tremendous rate, owing to the use of printed electronics in packaging.
In the past few years, the smart packaging segment has been gaining fast traction worldwide, with the printed electronics being used as a novel technology and companies investing heavily in electronics in packaging.
Bemis Company, Thin Film Electronics, Sealed Air, PakSense, and Smartrac NV, among others, are the leading players in the marketplace. Electronic smart packaging is forecast to give a boost to the market in the years to come for its reduced cost, flexibility and extra functionality on the packaging. Increased growth is poised to be seen in the European and North American regions over the next 3–4 years.
Comprehensive report “Worldwide Electronic Smart Packaging Market” elaborated by Infoholic Research offers a detailed analysis of the market globally, categorising it based on applications, technologies, end-use sectors and geographic regions. The study canvasses the latest trends, current market scenario, government incentives, and technologies pertaining to the market. It sheds light on the market dynamics identifying key drivers, restraints and lucrative opportunities. Furthermore, the report provides detailed profiles of most promising industry players and scrutinises the overall competitive landscape. In-depth forecasts to 2022 of the development of the worldwide electronic smart packaging market are also included in the publication.
More insightful market reports elaborated by Infoholic Research are available here.