Raghu Das, CEO, IDTechEx04.11.19
In the new report Smart Packaging 2019-2029, IDTechEx Research finds that electronic smart packaging will become a $1.8 billion market in 2029.
Retail is undergoing significant change. Not only are there many more people on the planet but that also includes many more elderly people, who need easier access to increasingly difficult-to-open packaging, designed that way to stop tamper in stores but making it harder for consumer use.
Cities are becoming more densely populated and so real-estate becomes more expensive, all the while retail tills waste space in stores. Waste is prolific - within the supply chain and at home - and sustainability is much discussed but work is only beginning. The rise of internet shopping for non-groceries is well documented and even mobility is changing with autonomous last mile electric vehicles in trial to rapidly deliver products to customers, which they increasingly expect. In addition, the rise of internet shopping for groceries is also occurring.
Cities are becoming more densely populated and so real-estate becomes more expensive, all the while retail tills waste space in stores. Waste is prolific - within the supply chain and at home - and sustainability is much discussed but work is only beginning. The rise of internet shopping for non-groceries is well documented and even mobility is changing with autonomous last mile electric vehicles in trial to rapidly deliver products to customers, which they increasingly expect. In addition, the rise of internet shopping for groceries is also occurring.
This is all challenging for brands. In retail, there are two well known moments of truth. The first
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