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The global smart packaging market is expected to grow at a CAGR of 5.2% from 2020 to 2027 to reach $43.6 billion by 2027.
The growth of this market is mainly attributed to the growing proportion of older people and changes in the consumer lifestyle, increasing demand for advanced packaging solutions from the food processing and pharmaceutical sector, growing consumer concern for food wastage reduction, and demand for smart and functional packaging.
Moreover, the growing e-commerce market and rising industrialization in the emerging economies including India and China coupled with strong demand for superior logistics and supply chain management is likely to drive the industry over the forecast period. However, the high cost and unwillingness of brand owners to pay an additional cost of smart packaging are expected to hinder the growth of this market to some extent.
Global Aluminium Foil Packaging Market Report 2020: By the End 2026, the Aluminium Foil Packaging Market will be Worth Around US$ 34 2 Billion
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Global Aluminium Foil Packaging Market Report 2020: By the End 2026, the Aluminium Foil Packaging Market will be Worth Around US$ 34 2 Billion
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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NEW YORK, April 5, 2021 /PRNewswire/
The report on the folding carton market in North America provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
Technavio has announced its latest market research report titled Folding Carton Market in North America by End-user and Geography - Forecast and Analysis 2020-2024
Here is an Exclusive report talking about Market scenarios, Estimates, the impact of lockdown, and Customer Behaviour.
The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by rise in the number of M&A in the market.