Active and Intelligent Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The active and intelligent packaging market was valued at USD 18.84 billion in 2021, and it is expected to register a CAGR of 6.64% during the forecast period 2022-2027.
Key HighlightsThe active and intelligent packaging market is fragmented, with many players competing in the same space. Brand identity plays a major role in shaping consumer decisions in the market, as strong brands are synonymous with high performance and quality. Overall, the intensity of competitive rivalry is moderately high. Companies try to enter into long-term supply contracts to create a win-win situation by utilizing cost benefits and passing on the supply chain.
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