Smart Packaging Market Research Report - Forecast to 2023
Global Smart Packaging Information By Technology (Active, Intelligent and MAP), By Application (Food & Beverages, Automotive, Healthcare, Personal Care and others), and Region - Forecast to 2023 Market Synopsis Smart packaging functions as protection, communication, convenience, and containment, it also offers a number of additional functionalities depending on the type of product. Changing consumer preference for safe food have led to innovations in the packaging technologies. Smart packaging includes active packaging, intelligent packaging, and MAP. The active packaging technology includes gas scavenger, corrosion control packaging, and moisture control packaging, which are primarily used for food & beverages and healthcare sector or the intelligent packaging solutions such as time-temperature indicator, gas indicator, thermochromic ink, RFID, and others. This technology drives the scope and demand for such technologies as these are widely used across various applications such as automotive and personal care. The global smart packaging market is currently estimated at USD 46.74 billion and is expected to grow at a healthy CAGR of 5.16% during the forecasted period 2017-2023.
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