David Savastano, Editor03.23.17
Smart packaging is a rapidly growing market, and flexible and printed electronics are helping to drive that growth. Whether it is to draw the attention of consumers or provide authentication or additional information on the product, smart packaging brings many benefits.
It is also a fast growing market. In its report, “Smart Packaging Market Analysis By Product (Active Packaging, Intelligent Packaging) By Application (Food & Beverage, Healthcare, Personal Care, Automotive) And Segment Forecasts To 2024,” Grand View Research reports that the worldwide smart packaging revenue was $10.8 billion in 2015, and estimates that it may reach $26.7 billion by 2024. Grand View Research sees NFC as the fastest growing segment within intelligent packaging, anticipating a CAGR of more than 12% from 2016 to 2024.
What is Smart Packaging?
Packaging is designed for a variety of functions, from catching the consumer’s eye to protecting the goods inside. James Lee, director,
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Stay ahead of the fast growing field of flexible and printed electronics, an emerging industry that promises to revolutionize the methods in which electronic components and systems are manufactured. Flexible and printed electronics covers smart packaging and labels, sensors and wearables, solar cells, displays and lighting, batteries, medical devices, military equipment, and much more.
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