San Francisco, California, March 20, 2018 – The global smart packaging market is envisioned to achieve a whole lot of demand because of increasing health awareness and greater adoption of healthier packaging options for foods and beverages. A report by TMR Research provides a detailed account of important factors augmenting the demand for smart packaging and also market restraints followed by a study of key trends and opportunities. It is titled “Smart Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.” Safe and hygienic labels applied on smart packaging and conventional packaging systems using toxic materials could be strong reasons for the expected growth of the market in the coming years.
Smart packaging comes with superior features such as monitoring of product freshness, information about product quality, and extended shelf life. Besides foods and beverages, it could be used for pharmaceutical and other products as well. It could help battle issues such as counterfeiting of products and offer sustainability and traceability. The advent of intelligent and modified atmosphere packaging could augur well for the rise of the world smart packaging market. Smart packaging could be a combination of specialized materials, technology, and science.
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The swelling demand for internet of things (IoT), sustainable printed electronics technology, and cloud computing is foreseen to set the tone for a valuable growth in the international smart packaging market. Magnifying health awareness in North America could cause the demand for smart packaging to surge in the near future. However, there could be more factors assisting the region to garner a commanding share of the market. Asia Pacific is prophesied to exhibit a speedy growth because of changing government policies that give the green signal to smart packaging.
The international smart packaging market includes leading players such as PakSense, Amcor, and E. I. Du Pont De Nemours and Company.