LATAM Smart Packaging Market - Forecast(2021 - 2026)

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LATAM Smart Packaging Market - Forecast(2021 -
2026)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
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• LATAM smart packaging market size is forecast to
  reach US1.5 billion by 2026, after growing at a
  CAGR of 5.1 during 2021-2026. Smart packaging is
  defined as packaging that incorporates various
  technologies such as biosensors, near field
  communication, smart labels, and radio frequency
  identification.
• Smart packaging offers extensive advantages over
  conventional packaging structures such as
  increased shelf life, reduced counterfeiting,
  improved safety coupled with low cost, and easy
  implementation which are the major factors
  driving its demand. The smart packaging market is
  primarily driven by an increase in demand for
  smart packaging from the food beverage sector
  in LATAM.

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Key Takeaways

• Brazil dominates the LATAM smart packaging
  market. In May 2020, the first Latin America
  Smart Packaging Centre of Excellence (CoE-SmPa)
  was opened in Brazil. Such initiatives are aiding
  in smart packaging market growth in the country. 
• Smart packaging uses technologies such as near
  field communication, radio frequency
  identification, smart labels, and more is about
  clever ways to package a product, providing
  quick, cheap, and efficient ways to monitor the
  environmental conditions of food in the supply
  chain. 

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• By Distribution Channel- Segment Analysis
• The intelligent packaging segment held the
  largest share in the LATAM smart packaging market
  in 2020 and is growing at a CAGR of 6.4 during
  2021-2026. The plastic segment held the largest
  share of more than 35 in the LATAM smart
  packaging market in 2020. The food beverages
  segment held the largest share in the LATAM smart
  packaging market in 2020 and is growing at a CAGR
  of 7.2 during 2021-2026. Brazil held the largest
  share in the LATAM smart packaging market in 2020
  and up to 6.7 during 2021-2026. This growth can
  be attributed to the growing food and beverages
  industry in the country. 

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• LATAM Smart Packaging Market  
• Industry Outlook 
• BASF
• Amcor Limited
• Landec Corporation
• Bemis
• Rexam Plc
• Aptar Group Inc.
• Sonoco.

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LATAM Smart Packaging Market - Forecast(2021 -
2026) Learn More About the Report _at_
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art-packaging-market
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
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Reddy Contact (1) 970-236-3677 Email
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