PUBLISHER: IndustryARC | PRODUCT CODE: 1372091
PUBLISHER: IndustryARC | PRODUCT CODE: 1372091
The Smart Packaging Market size is forecasted to reach US$50.35 Billion by 2027, after growing at a CAGR of6.23%during2022-2027.The growing consumer demand for premium quality food products that provide adequate shelf-life, safety, convenience and information is one of the factors propelling the growth of the Smart Packaging market during the forecast period. Growing developments by the key players coupled with the rising demand for smart packaging in various industries are set to boost its market growth in the upcoming years. In May 2022, Essentra Packaging entered into a collaboration with Advanced Material Development (AMD) in developing a new generation of Time Temperature Indicators (TTIs), a Smart Packaging technology for the pharmaceutical sector.