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The RFID intelligent packaging is an emerging technology in the food packaging sector. Although, it still needs its full emergence in the market, its importance has been proved for the maintenance of food quality and safety. These RFIDs are also used in the retail sector, apparel & retail, manufacturing, logistics & supply chain and healthcare industries. The present conditions of the market describes several aspects of intelligent packaging. It first highlights different tools used in intelligent packaging and elucidates the role of these packaging devices for maintaining the quality of different food items in terms of controlling microbial growth and gas concentration, and for providing convenience and easiness to its users in the form of time temperature indication.

The intelligent packaging solutions in supply chain management of food products to control theft and counterfeiting conducts and expand the image of the food companies in terms of branding and marketing. In ecommerce and supply chain also we can track products in every point during their transport, including their location, by using the RFID smart and intelligent packaging. RFID labels and tags provide more information to a consumer than a normal label. Shoppers can access the information such as where the package is from or even external links to special offers is all possible through RFID labels. Sensors allow for users to determine the temperature of the package, the quality and maintenance of the product.

Some of the factors that are driving the RFID intelligent packaging market are the change in the consumer lifestyle of buying products and the growing consumer concern for food wastage reduction & demand for smart and functional packaging. The RFID used in the finished goods packaging also uses RFID tags that helps the tracker to track all the goods in a single scan. The restraining factors that are hampering the market growth for the RFID Intelligent Packaging are high price, limited availability, and limited consumer awareness of flexible plastic materials. The other factor is lack of integrators, and complete product designers. Some of the opportunities in the RFID intelligent packaging market are related to the advancements in the printed technology which can upsurge the RFID intelligent packaging market.

The global RFID intelligent packaging market is segmented on the basis of modes, components, end user industries and region. Based on modes, the global RFID intelligent packaging market is segmented into active RFID, passive RFID and semi-passive RFID. On the basis of components the market is segmented into hardware and software. The hardware segment is further segmented into tags & labels and readers. By end user industries, the RFID intelligent packaging market is segmented into apparel & retail, manufacturing, logistics and supply chain, healthcare and others. The apparel & retail is expected to be the fastest growing segment in the in the RFID intelligent packaging market in the forecast period due to multiple firms using the RFID tags and labels in the apparel and retail goods.

In the region wise study, the global RFID intelligent packaging market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America which comprises The United States, Canada and Rest of North America exhibit high market growth over the forecast period owing to its early technological advancement and high capital expenditure followed by Europe. Asia-pacific is expected to grow fast in the forecast period rate during the forecast period due to the emerging economies and presence of the major player that are manufacturing RFID sensors labels and tags and other related products in the region. China represents huge potential for the resettable fuse with the low cost of raw materials and huge production facilities in the country.

The global RFID intelligent packaging market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive products and add-on features to gain market share in the market. Some of the companies operating in this market are Alien Technology, Applied Wireless RFID, Avery Dennison, Checkpoint Systems, GAO RFID, Motorola, NXP Semiconductors, Zebra, Honeywell Aidc, Securitag Assembly Group (SAG), Identiv, Omni-ID, Savi Technology, HID Global and RFID Global Solution among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Rfid Intelligent Packaging Market

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