The report titled “Global Smart Medication Packaging Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Smart Medication Packaging market in terms of market segmentation by technology, by functionality and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global smart medication packaging market is observing vibrant growth on the back of increasing issues of pharmaceutical counterfeits in the market. Advancements in packaging industry in the past few years and growing technological explorations is projected to drive smart medication packaging market besides the wide range of functions of smart medication packaging in dosage control, medication composition specification and others during the forecast period.
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North America is panned to observe substantial growth in Smart Medication Packaging market on the back of rising smart medication packaging usage for unique brand projection. North America is expected to be followed by Asia Pacific in terms of utility on the back of increasing issues of pharmaceutical product counterfeiting across the region. Europe is estimated to drive demand and optimistically impact the smart medication packaging market growth over the forecast period on account of increasing smart medication packaging application for product package temperature control and efficient tracking purposes.
Increasing Applications on Account of Rise in Product Counterfeiting Issues
The rising demand for counterfeited product tracking technologies is expected to result in rapid growth of smart medication packaging market over the forecast period. Increasing use of smart packaging is aiding to combat the problem of medicine counterfeiting.
Increasing Consumer Awareness Regarding Medication Safety
Application of smart medication packaging for improved safety and authenticity of medications, with information on medication compositions, dosages and expiry is estimated to drive the smart medication packaging market across the globe. Rapid economic development with increasing consumer awareness regarding medication safety and restraining use of counterfeited products is expected to boost the smart medication packaging market in the developed and the developing regions during the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global Smart Medication Packaging market which includes company profiling of3M, Temp Time Corporation, Pak Sense, American Thermal Instruments, Avery Dennison, R.R. Donnelly Sons & Company, BASF SE, International Paper, Stora Enso and Smartrac N.V. and other prominent players.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
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