2014-02-19 07:47:03 - Global Interactive Packaging Market 2013-2023 - a new market research report on companiesandmarkets.com
The global interactive QR coding and RFID packaging market will reach $4.01bn in 2013. Although the overall packaging industry was severely impacted by the economic recession, the interactive packaging market is gaining significant traction using the latest technologies and enhanced products. Globally, interactive packaging is expected to exhibit a strong growth rate in mature markets and emerging markets. The former will benefit from technological advances spurring growth, and the latter from the influx of new technologies in addition to the rapidly expanding packaging market in general across areas of Asia, Africa, and the Americas.
Whilst the recession impacted demand for many types of packaging, upcoming environmental issues, changing consumer needs, high disposable incomes and improved packaging products, have resulted in strong
growth for interactive packaging. Visiongain expects the global interactive packaging market and in particular, the interactive QR coding and RFID packaging market, to demonstrate strong growth in line with increased technological uptake in packaging sectors from food and beverages, to pharmaceuticals, personal care, and consumer goods.
The emerging economies will continue to register strong growth, driving demand for sustainable, lightweight, user-friendly and enhanced packaging products in the coming decade, whilst the developed economies of the West will continue to embrace interactive packaging and incorporate such concepts into packaging solutions. Food and beverages markets are the largest employers of interactive packaging for reasons of hygiene and the distribution of information. The pharmaceuticals sector will exhibit strong growth going forward as well, whilst consumer goods and personal care markets will experience similar trends in packaging.
The technological focus of the interactive packaging market, specifically in relation to interactive QR coding and RFID, will foster strong growth going forward due to the progressive nature of the sector. Whilst traditional packaging markets are facing questions surrounding future market trends, for example the displacement of certain materials as a result of the emergence of more cost efficient and dynamic alternatives, interactive packaging is displaying more consistent growth going forward.
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