Global Smart Packaging Market to Register 5.16% CAGR to 2022, Predicts Market Research Future in Its Topical Report Available at MarketPublishers.com
21 Jul 2017 • by Natalie Aster
LONDON – Today, smart packaging is very popular in the pharmaceuticals and food & beverage industries, amid others, as it helps to extend a product’s shelf life, monitor its freshness, improve safety, display info on quality and rise convenience.
Driven by the strong demand from the key end-use applications along with favourable governmental regulations regarding food safety, the world’s smart packaging market is poised to exceed USD 46.7 billion by 2022. Between 2017 and 2022, this market is expected to see steady growth at a modest 5.16% CAGR.
North America is the dominant regional market for smart packaging in the world; in 2016 this region captured a 42.8% share of the overall market. The North American smart packaging market is set to exhibit a 5.67% CAGR through 2022.
Basing on technology, the intelligent packaging sector is anticipated to see the highest growth rate (appr. a 5.67% CAGR) during 2017-2022.
The in-demand topical report “Global Smart Packaging Market– Trends & Forecast, 2016-2022” created by Market Research Future is an unrivalled source of top-level data on the market performance, dynamics and trends across different geographies. This research publication examines the market segmentation and evaluates the market shares, reviews the major forces driving and restraining growth in the smart packaging market, explores the competitive environment and uncovers info on the leading companies active in the field. In addition, the report sheds light on the emerging growth threats and opportunities and gives a future outlook for the market up to 2022.
For other topical reports by this publisher follow to the Market Research Future catalogue at MarketPublishers.com.