Global market for smart packaging 2016-2022

28 September 2016

According to a new report by Stratistics MRC the global smart packaging market is accounted for $28.96 billion in 2015 and is expected to reach $45.03 billion by 2022 growing at a CAGR of 6.5% from 2015 to 2022. The high R&D costs and lack of sustainable E-Packaging products are the major challenges faced by the players.
Advancement in printed technology is the opportunity that resides the market growth. Limited user awareness, high rate and accessibility are the restraining factors for smart packaging. The key drivers include change in consumer lifestyle, food consumption and demand for smart packaging. Some of the key players in the market include BASF SE and Amcor Limited.
Click here for more information about the report.

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