Connected Packaging Market Overview:
The market now offers Maximize Market Research’s recently released “Connected Packaging Market” Report. An international business consultancy firm, Maximize Market Research works with major and minor players all over the world. It has customers in more than 34 countries in the capital goods and automotive segments.
According to the research analyst, the APAC region will present profitable opportunities for the manufacturers of Connected Packaging and their component parts over the next ten years. After the Covid Lockdown has been examined in the report, the market’s impact is as expected, and even during a recession, the market is showing an upward trend.
Increasing use of smart packaging to extend shelf life and traceability of food goods is expected to benefit overall industry growth during the forecast period. Smart packaging is a blend of specialised materials, science, and technology that enhances the functionality of standard packaging by incorporating active and intelligent packaging. It helps to prevent food spoilage, improve food product qualities such as scent, taste, and favour, and protect brands, premium pricing, and reduce waste.
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Market Dynamics:
In the year 2021, food and beverage became the most popular application in the United States, accounting for 44.5% of total revenue. Growing regional demand for ready-to-eat and serve food products as a result of changing lifestyles among the country’s urban population is expected to drive sector growth over the forecast period. Rising demand for environmentally friendly sustainable products from the food and beverage and pharmaceutical industries is expected to propel the market over the next eight years. Growing R&D investment to reduce carbon footprint is also expected to fuel growth over the projection period.
Segmentation:
Food and beverage applications made up most smart packaging sales in 2021 (47.3% of total revenue). Growth in the category is anticipated to be fueled by the increased use of active goods in the food and beverage sector as well as a growing emphasis on maintaining the quality and safety of packaged goods from production to consumption. Additionally, demand for self-heating and cooling packaged beverage products that can warm drinks like tea, coffee, and chocolate to a temperature suitable for consumption is anticipated to increase over the course of the forecast period in colder regions like North America and Europe.
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Key Players:
- BALL CORPORATION
- Amcor plc
- 3M
- Temptime Corporation
- CONSTANTIA FLEXIBLES
- Klöckner Pentaplast
- Graham Packaging Company,
- Avery Dennison Corporation
- Emerson Electric Co
- American Thermal Instruments
- BASF SE
- International Paper
Regional Analysis:
A thorough analysis that is broken down by geographic regions is provided in the report on the Connected Packaging market. Along with findings in the target market, the research evaluates regional and local market players active in that market. The study assesses the market in North America, Latin America, Europe, Asia Pacific (APAC), Africa, and the Middle East on a regional and global scale. To identify regional Connected Packaging market trends, challenges, and growth potential, each market is thoroughly investigated.
Key Questions answered in the Connected Packaging Market Report are:
- What is Connected Packaging Market?
- What is the forecast period of the Connected Packaging Market?
- What is the competitive scenario of the Connected Packaging market?
- Which region held the largest market share in the Connected Packaging Market?
- What are the opportunities for the Connected Packaging Market?
- What factors are affecting the Connected Packaging market growth?
- Who are the key players of the Connected Packaging market?
- Which company held the largest share in the Connected Packaging market?
- What will be the CAGR of the Connected Packaging market during the forecast period?
- What key trends are likely to emerge in the Connected Packaging market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029.
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Connected Packaging#
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Mobile Device Management, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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