Global Connected Packaging Market, By Technology Used (Active Packaging, Interactive Packaging, Intelligent packaging), End-User (Food, Beverages, Healthcare, Personal Care, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Connected Packaging Market
Connected packaging market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 7.4% in the above-mentioned forecast period.
Connected packaging is basically a carrier that connects the products with electronic devices and helps to read the product by providing it with a unique id which would be different for each product. It contains technology that connects the products with sensors, tags and codes.
The factors such as rising urbanization along with the increasing enhancement of the brand relationship are driving the growth in the market value. Moreover, advance packaging machines increases the packaging speed and further induce the demand for the market. However, the high operational costs will create hindrances for the market growth rate.
The increasing demand from the food and beverages industry generate profitable opportunities for the growth of the market. The disruption in supply chain due to COVID-19 is projected to further dampen the market growth rate, resulting in generating challenges for the market’s growth rate.
This connected packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on connected packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Connected Packaging Market Scope and Market Size
Connected packaging market is segmented on the basis of technology used and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of technology used, connected packaging market is segmented into active packaging, interactive packaging and intelligent packaging.
- On the basis of end-user, connected packaging market is segmented into food, beverages, healthcare, personal care and others.
Connected Packaging Market Country Level Analysis
The connected packaging market is analyzed and market size insights and trends are provided by technology used and end-user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is estimated to dominate the connected packaging market and will continue to flourish its trend of dominance during the forecast period due to the rising investment in research and development. Asia-Pacific is projected to show lucrative growth due to rising demand of the connected packaging.
The country section of the connected packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Connected Packaging Market Share Analysis
The connected packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to connected packaging market.
Some of the major players operating in the connected packaging market report are BALL CORPORATION, Amcor plc, 3M, Temptime Corporation, CONSTANTIA FLEXIBLES, Klöckner Pentaplast, Graham Packaging Company, Avery Dennison Corporation, DS Smith, and Cryolog, Emerson Electric Co, American Thermal Instruments, BASF SE, International Paper, R.R. Donnelley & Sons Company, Stora Enso, Thin Film Electronics ASA. And Huhtamaki, BASF SE among others.