Smart Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The smart packaging market is expected to register a CAGR of 5.8% over the forecast period of 2022 - 2027. The self-heating food packaging techniques make it easy for consumers to have a snack, a hot beverage, and a snack. It also helps to communicate and monitor food quality using time-temperature indicators.
Key HighlightsThe smart packaging market is highly fragmented as players are emerging to enter this industry, and many small firms are present with a high intensity of rivalry. Many smaller firms are on the rise to capture the high growth potential of the market. Therefore, competitive rivalry is high in this market. Some of the key players in the market include Huhtamaki Group, Amcor Ltd, and BASF. Some of the key developments in the smart packaging market are as follows:
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