LATAM Smart Packaging Market - Forecast (2021 - 2026)

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LATAM Smart Packaging MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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• LATAM smart packaging market size is forecast to
  reach US1.5 billion by 2026, after growing at a
  CAGR of 5.1 during 2021-2026. 
• Smart packaging is defined as packaging that
  incorporates various technologies such as
  biosensors, near field communication, smart
  labels, and radio frequency identification.
• Smart packaging offers extensive advantages over
  conventional packaging structures such as
  increased shelf life, reduced counterfeiting,
  improved safety coupled with low cost, and easy
  implementation which are the major factors
  driving its demand.  

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There has been an increase in Global warming and
CO2 emissions post lockdowns. 
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• Key Takeaways
• Brazil dominates the LATAM smart packaging
  market. In May 2020, the first Latin America
  Smart Packaging Centre of Excellence (CoE-SmPa)
  was opened in Brazil. Such initiatives are aiding
  in smart packaging market growth in the country. 
• Smart packaging uses technologies such as near
  field communication, radio frequency
  identification, smart labels, and more is about
  clever ways to package a product, providing
  quick, cheap, and efficient ways to monitor the
  environmental conditions of food in the supply
  chain. 
• This industry has also been fueled by
  advancements in printing techniques in many
  industries.

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• By Distribution Channel- Segment Analysis
• The plastic segment held the largest share of
  more than 35 in the LATAM smart packaging market
  in 2020. Plastics such as polystyrene,
  polyethylene, are often a more efficient material 
  to choose from than other alternatives such as
  metals and glass. 
• Brazil held the largest share in the LATAM smart
  packaging market in 2020 and up to 6.7 during
  2021-2026. This growth can be attributed to the
  growing food and beverages industry in the
  country.
• owing to the benefits that it offers such as
  indicators or sensors to monitor the condition of
  the product and provide information on tightness,
  storage time, temperature, or freshness of
  products. 

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• LATAM Smart Packaging Market  Industry Outlook 
• BASF
• Amcor Limited
• Landec Corporation
• Bemis
• Rexam Plc
• Aptar Group Inc.
• Sonoco.

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LATAM Smart Packaging Market   - Forecast(2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Report/18855/latam-sm
art-packaging-market
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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