The Global Smart Packaging Market is poised to grow at a CAGR of around 5.4% over the next decade to reach approximately $52 billion by 2025, according to a report by Research and Markets (researchandmarkets.com). Some of the prominent trends that the market is witnessing include increasing market for sustainable printed electronics technology, internet of Things and Cloud computing boosting the smart packaging technologies, and rising food safety concerns.
Based on technology, the market is categorized into modified atmosphere packaging (MAP), intelligent packaging (IP), and active packaging. Further, intelligent packaging (IP) divided into tracking devices, indicators. Active packaging is classified into gas scavengers, corrosion control, moisture control and antimicrobial.