Intelligent Packaging Creates New Markets for Print Industry

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Intelligent Packaging Creates New Markets for Print Industry

In 2018, the combined active and intelligent packaging market value is projected to reach $5.68 billion and will continue to present new value-adding options in the future according to the latest market analysis from Smithers Pira. Read on for more highlights of Smithers Pira’s latest report.

By Smithers

Tuesday, May 15, 2018

Analysis within the new report The Future of Active & Intelligent Packaging to 2023 shows that active packaging is the larger market, valued at $4.62 billion in 2018. This includes a range of components used to enhance the preservation of goods within the packaging such as gas scavengers and emitters, moisture scavengers/emitters, microwave susceptors, antibacterial, antioxidants, self-venting films, flavor/odor absorbers, and temperature control components.

Moderate growth is forecast for this segment through to 2023 at an average rate of 4.0%, as packaged food penetrates underdeveloped consumer markets in areas like Asia, but remains more stable in more developed economies.

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