Smart Plant-Based Food Packaging Market | Next Generation Innovation in Intelligent Food Packaging

The global smart plant-based food packaging market is expected to gain a lasting impetus with continuous research and development activities for promoting bioplastic innovation. The market could provide food packaging products that are favorable for the health of the planet and also keep ingredients fresh for a longer period of time. Smart plant-based food packaging is projected to revolutionize the way people utilize, store, and purchase groceries without worrying much about waste.

Leading players operating in the global smart plant-based food packaging market are foreseen to come up with new offerings that could not only improve the shelf life of various food products but also protect the ingredients from the damaging effects of their surroundings. Smart plant-based food packaging is predicted to ride on their enhanced and novel preservation properties for increasing its demand in the market. This could be due to the implementation of value-added oxygen barriers in bioplastic. A new type of green plastic is envisaged to take shape in the market with the combination of complex technologies such as nanoparticle components and biopolymers.

The usage of sensors in smart plant-based food packaging could be a significant addition envisioned to up the demand in the market at a high rate. Such sensors could notify consumers when the food was sourced, its temperature, and also pH levels. Even seafood could be held inside smart plant-based food packaging with the introduction of pot and bottle type products. Furthermore, food manufacturers are forecasted to reduce their carbon footprint with the implementation of smart plant-based food packaging.

Food packaging is essential for containment of products, preservation and protection, to reduce food spoilage, eliminating the risk of adulteration and present food in a hygienic and aesthetically attractive way. According to the Agriculture and Food Organization, one third of the food in the world is wasted and most of this wasted food is generated by retailers and consumers who follow dates on packages and throw away edible food due to a label.

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Therefore, a project was initiated in order to develop plant-based bioplastic food packaging which increases the shelf life of food and the researchers also have formulated sensors that notify the consumers and retailers whether the food inside can be consumed or not.

These smart plant-based food packaging not only extend the life of the food product but also eliminates the need for environment-harming plastic. The smart plant-based food packaging market can be segmented on the basis of product type, material type and as per the region. On the basis of product type, the market is segmented into blow moulded, pot designed and others. On the basis of material type, it is divided into cellulose based film and blow moulded film. On the basis of region, the market is segmented into North America, Europe and the emerging countries of Asia Pacific.

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Interactive Packaging Market – New Packaging Provides Interactive Experience for Customers

Interactive packaging is a fascinating new trend amongst packaging brands, designers, manufacturers, and consumers. With the help of interactive packaging strategies, the brand stands out on the shelves and empowers users to interact with their products on an entirely new level. Interactive packaging can create a permanent, lasting dialogue between a product and the customer. It makes brand recall easier for the customer, and the customer retains the brand image for a longer time.

Interactive packaging is a new type of packaging and the demand for such packaging is poised to develop in the coming years. Interactive packaging enables physical interaction with the product, by which people become bound to remember it more readily.

The use of interactive packaging in taking a product’s branding to the next level is fueling the growth of its market, as interactive packaging makes a physical as well as a visual impact on the consumer. The need for reducing the advertising and sales promotion cost; is fueling the growth of the interactive packaging market as it makes the product advertise itself. The demand for playful packaging of children’s toys, chocolates, and accessories, is fueling the market growth. The need to understand consumer behavior, in which interactive packaging is a cost-effective method; contributes to the growth of its market.

However, the high initial cost involved in interactive packaging is restraining the growth of its market. The use of non-recyclable materials in interactive packaging; increases the carbon footprint and therefore such products cannot attain GMP (Good Manufacturing Practices) and other certifications. Moreover, the comprehensive benefits of the interactive packaging can’t be obtained until the time different kinds of packaging technologies are integrated into one system.

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Inclusion of NFC (Near Field Communication) technology and RFID (Radio Frequency Identification) tags in interactive packaging helps in reducing the operational as well as the logistic cost; thus widens the scope of the interactive packaging market. One of the prominent trends in the global interactive packaging market is the usage of BLE (Bluetooth Low Energy) and QR (Quick Response) codes. The application of IoT (Internet of Things) and AI (Artificial Intelligence) in interactive packaging is one of the emerging trends. Various products get connected to their respective applications in the smartphones; briefing customers about usage instructions and product attributes.

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Ecological Packaging Market: The Future of Eco-Friendly Packaging and Modern Sustainable Packaging

Increasing penetration of plastic in packaging industry has increased the consumption of plastic around the world. However the increased use of plastic is generating problems for our ecosystem by causing soil pollution and entering into our food chain. To tackle this problem packaging manufacturers are using ecofriendly packaging solutions such as paper bags and corrugated boxes. Waste created from sustainable packaging does not accumulate and gets degrade with time unlike plastic waste. Paper and paperboard does not have negative effects on food while coming in contact. High printability of the paper and paper board is used by manufacturer for printing company logo or information which helps in building brand image of the company.

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Paper and paperboard are commonly used for secondary packaging of consumer goods, food and electronic items. Paper and Paperboard used for ecological packaging are manufactured using recycled products and being environment friendly and light weight material they have wide area of applications. Paper and paperboard products are used in retail packaging, food service industry, food industry, electronics industry, pharmaceuticals and consumer goods packaging.

World packaging market is expanding rapidly and so is the need for ecological packaging solutions. Biodegradability is the key driver for ecological packaging market. Low cost and ease in availability of the paper and pulp is another factor boosting the growth in ecological packaging market. Paper bags and corrugated boxes has wide area of application and are commonly used for secondary packaging of products across various industries. Paper and paperboard have high printability and can be used for communicating product and company information to the customers, bleached paper and paperboard are even used for improving aesthetic value of the product.

Paper and corrugated packaging solutions are manufactured using recycled material hence increasing the inclination of manufacturers for ecological packaging solutions.  Use of ecological packaging helps manufacturers to reduce their carbon footprint. Regulatory authorities across the globe are favoring use of ecological packaging solutions to minimize the negative impact on environment which is expected to provide significant opportunities to ecological packaging manufacturers.

However, plastic packaging solutions are technological more advanced than ecological packaging. New flexible packaging solution are more efficient increasing the shelf life and attracting more customers which may hamper the growth in ecological packaging market. Moreover, the need of plastic packaging solutions for handling of aggressive chemicals and hazardous products may further dampen the attractiveness of ecological packaging solutions.

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Transportation Analytics Market: Next Wave of Growth for Transportation and Logistics Companies

With rapid technological advancements, there is need for efficient transportation. Inefficient transportation difficulties are expensive as well as time consuming. The major concern is in building the infrastructure for transportation such as roads, highways, and railway tracks. This is because manufacturing a car is less time consuming than construction of roads, tracks etc. Rising population and the migration of people from rural areas to the metros is responsible for traffic congestion.

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Traffic congestion enhances fuel consumption, travelling time, and air pollution and reduces the effectiveness of transportation infrastructure. To overcome these issues, countries such as the U.S., Germany, U.K., and Japan are deploying transportation analytics solutions. It is important to utilize the existing infrastructure efficiently to avoid congestion and improve the travel time and day-to-day transportation.

There is a rise in demand for better access to markets, assets, customer bases and customers. Improved access to resources provides efficient control to companies. There have been several improvements in applications across the verticals of transportation analytics and system market, advanced transportation control systems, analytic solutions, and management solutions. Transportation analytics integrated with advanced transportation control systems along with system integrators are helping to avoid problems associated with transportation systems.

Transportation analytics helps in extracting all the data related to transportation and provides actionable insights. It involves high performance reporting and analysis tools to measure the performance of transport logistics. Transportation data from a variety of different sources automatically flows into an analysis system to a secure way. It is then associated together and processed to generate detailed figures and reports. Transportation analytics helps in enhancing driving efficiency while reducing congestion. It also contributes in optimizing public transport using current fare data.

Data related to transportation is collected and utilized in order to manage the system effectively. There should be a proper monitoring and evaluating system in place. The applications derived from the transportation analytics are profiting the users greatly and additional innovations are expected in the coming years. There are various transportation management solution which includes ticketing management, parking management, fleet management and others. These solutions help firms in effectively managing the transportation and logistics segment.

Transportation analytics involves technologies such as cameras, sensors, and geo-tracking with analytics and helps to determine availability of particular parking slots, in turn reducing congestion. Emergence of smart vehicles on developed roads contributes toward better safety, communication facilities, and advanced infrastructure. This automates the overall management of control systems. There is rapid increase in awareness among passengers/travelers to effectively manage, monitor, and modernize their travel.

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An Innovation Perspective on Esports Market and Its Implications

Esports or electronic sports are a group of sports played online via video games. Each team or individual competes in various popular online games and sponsors compete for a bigger share of the global audience. Esports market is home to intense competitions which increasingly take place in front of a live audience to build and measure audience loyalty.

These sports competitions are becoming increasingly popular in recent times. According to recent estimates, Esports market caters to over 380 million audience online every year. North America and China are home to some major players in the esports market. A sizeable share of the total revenue in the esports market is generated from these two regions. Europe is also a prominent market.

The revenue model in esports market works in a similar manner as in traditional sporting competitions. Most important revenue streams include sponsorships, advertising, publisher fees, ticket sales, and merchandise.

The most popular genres in esports market culture are first-person shooter (FPS), real-time strategy (RTS), battle royale games and fighting, and multiplayer online battle arena (MOBA). Popular games for esports include FPS titles Counter-Strike and Call of Duty, MOBA titles like Dota 2, and League of Legends, and tactical shooters like Rainbow Six Siege and CrossFire.

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YouTube and Twitch have become central to driving esports market worldwide.  Major league gaming in esports has reported 85% male viewership and 15% female viewership. Despite the skewed ratio, several prominent female personalities within esports are hopeful about the bright opportunities for female gamers. Recently, first esports arena opened in Santa Ana, California. It is the U.S. first dedicated esports facility.

Globally, the demand for video games and online video games has grown largely. People across the globe are now taking huge interest in esports and investing their time and money in it. These factors have accelerated the global esports market significantly. Increasing awareness about esports is also playing a significant role in driving the global esports market. Moreover, large-scale investments in esports are also expected to drive this market.

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IoT to Change the Future of Advanced Packaging Technologies Market

In its latest report titled – “Advanced Packaging Technologies Market – Global Industry, Size, Share, Growth, Trends and Forecast, 2018–2026,” Transparency Market Research (TMR) delivers key insights on the consumption of a variety of packaging products, with advanced packaging technologies used in different end uses. According to TMR, the global advanced packaging technologies market is projected to clock a CAGR of 7.5%, during 2018-26, which is attributed to several factors, on which, the advanced packaging technologies report provides thorough insights and forecast. The Asia Pacific advanced packaging technologies market is expected to witness the highest CAGR value of 9.1%, during the forecast period.

The market research study on the global advanced packaging technologies market includes market assessment of different types of advanced packaging technologies i.e. active packaging technologies and smart & intelligent packaging technologies. Active packaging products include oxygen scavengers, moisture scavengers/absorbers, ethylene absorbers, active releasing systems, antioxidant releasers, carbon dioxide emitters, modified atmosphere packaging, temperature control packaging, and anti-corrosion films. Smart & intelligent packaging products include TTI tags & labels, freshness indicators, oxygen and CO2 indicators, RFID, and others.

TMR suggests that the increasing consumption of convenience products such as packaged food & beverages has fuelled the demand for advanced packaging technologies globally. However, the demand for products with advanced packaging technologies is also increasing at a faster pace for applications in other end-use industries such as pharmaceuticals and chemical industry. Packaging products with advanced packaging technologies are widely used to protect products from counterfeiting and provide product information to the consumers in the pharmaceutical industry. Intelligent packaging solutions have gained significant traction in recent years due to the ability of these packaging products to provide information about the product and its constituents at the point of purchase.

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Leading brand owners are planning to use advanced packaging technologies for their products to create brand differentiation and enhance the traceability of their products. The active packaging segment dominates the global advanced packaging technologies market with the market value share of more than 90% in 2017. In the active packaging segment, modified atmosphere packaging and oxygen scavengers are the two largest segments in terms of both market value and consumption.

Temperature and freshness indicators are also gaining momentum for advanced packaging of some food products globally. The advanced packaging technologies market offers substantial growth opportunities for the new entrants and existing packaging manufacturers. Companies could focus on embedding advanced packaging technologies in their conventional packaging products to gain significant attention from the brand owners as well as consumers. The global advanced packaging technologies market is expected to grow at a CAGR value of 7.5% during the forecast period.

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Increasing Adoption of Advanced Technologies to Fuel Demand for Artificial Intelligence

Integration of artificial intelligence is skyrocketing, as the global industries are inclining towards employing advanced technologies. Large number of industries are employing artificial intelligence to draw systematically analyzed information. Growing progression need in the question acknowledgment, zones of machine interpretation, and protest observation has further increased the need for artificial intelligence. Moreover, rapidly growing information generation and its storage capacity, parallelization, and high computing power has increased the need for artificial intelligence. The need for gaining meaningful insights understanding and analyzing visual contents is likely to provide traction to the industry over the projected tenure.

However, lack of technical expertise related to newer techniques and slow adoption rate are likely to deter the demand in the global artificial intelligence market. In addition, high installation and development cost of artificial intelligence systems is also expected to hamper the growth prospects in this market. But with increasing data stockpiling limit and advanced parallel handling capacities the effect of these restraints might reduce over the period of time and the market might grow efficiently. 

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Increasing Competition among key Players to Expand Market Performance

Players operating in this market are experiencing high degree of competition. To name some of the prominent players in the market are Google Inc., Next IT Corporation, IBM Corporation, Brighterion Inc., and IntelliResponse Systems Inc. who have higher share in the global artificial intelligence market. Leading players in the market are engaged in high research and development activities to bring products with the most advanced technique. Moreover, these players are also diversifying their product lines and to offer technologically advanced products. They are also engaged in different business development strategies such as mergers and acquisition, expansion, collaboration and partnership. Use of these strategies will help in gaining large share in the market and expand their business at the global level.

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