Smart Packaging Market is all set to get huge growth in coming five years

2022-02-16 10:15:47 UTC | Packaging
Smart Packaging Market is all set to get huge growth in coming five years

Market Synopsis:

The global Smart Packaging market was estimated to be valued at USD 13.88 Billion in 2021 and is projected to attain a value of USD 33.00 Billion by 2028 at a CAGR of around 12% over the forecast period, 2022–2028. The packaging industry has become one of the most important parts of the eCommerce, food, and pharmaceutical industries. Thus, it is crucial to ensure that all the products are packed in a proper manner as per the safety standards laid down by international bodies for food packaging. There are many companies involved in providing food packaging testing services as there is a huge demand for such companies. This is because of the growing health and safety concerns among people. Thus, it becomes important to carry out packaging testing in accordance with international standards for food safety and maintain its quality.

Key Findings

Key Players:

Bureau Veritas SA (France), SGS S.A. (Switzerland), Eurofins Scientific SE (Luxembourg), Intertek Group Plc. (U.K.), Mérieux NutriSciences Corporation (U.S.), TÜV SÜD AG (Germany), ALS Limited (Australia), National Technical Systems, Inc. (U.S.), Microbac Laboratories, Inc. (U.S.), EMSL Analytical Inc. (U.S.), and Campden BRI (the U.K.)

Market Segmentation:

The Global Smart Packaging market is segmented by type (physical, chemical, microbiological), by material (glass, plastic, paper, metals), by technology (physical tests, spectroscopy & photometric-based, chromatography-based), by industry, and region.

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