Global Intelligent Packaging Information: by product (Gas Scavengers, Corrosion Control Packaging, Moisture Control Packaging, Subsector Packaging, QR Code, and others), Application (Food & Beverages, Pharmaceuticals, Automotive, Electronics, and others), and Region - Forecast to 2023
Intelligent packaging is a system capable of carrying out intelligent functions like sensing, tracing, detecting, recording, communicating and applying scientific logic with the objectives of extending the shelf life of a product, improving quality, enhancing safety and providing all necessary information. There are various intelligent packaging systems such as indicators, radio frequency identification type and sensors. The aim is to detect and communicate information about the condition of the product, without taking any direct action.
The Intelligent Packaging market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of such packaging is influenced by increased demand from food & beverage industry, growing demand from pharmaceutical industry, and increased government policies regarding food safety. However, high added cost of products, lack of willingness from consumers and retailers, and lack of marketing are expected to hinder the growth.
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