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Global Smart Packaging Market Size to Reach $33.00 Billion by 2028 | Vantage Market Research

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WASHINGTON, Feb. 27, 2023 (GLOBE NEWSWIRE) — According to a report by Vantage Market Research, the global Smart Packaging Market is expected to grow from $13.88 Billion in 2021 to $33.00 Billion by 2028, at a CAGR of 12% during the forecast period. The food and beverage industry is expected to be the largest segment of the smart packaging market, driven by the need for food safety and quality assurance. Other key application areas of smart packaging include healthcare, personal care, and consumer electronics.

Smart Packaging Market Overview

The smart packaging market refers to the use of advanced technologies in packaging materials and containers to enhance the functionality, sustainability, and security of products. Smart packaging incorporates features such as RFID tags, QR codes, sensors, and other electronics to enable real-time tracking, monitoring, and analysis of products during storage and shipment.

The smart packaging market is driven by the growing demand for sustainable and eco-friendly packaging solutions, the increasing use of smart labels for product tracking and authentication, and the need for innovative packaging designs to improve consumer engagement and brand loyalty. The rise of e-commerce and online retail has also contributed to the growth of the smart packaging market, as companies seek to ensure the safe and timely delivery of their products to customers.

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Smart Packaging Market Dynamics

Technological advancements: The development of new and advanced technologies such as RFID, sensors, and smart labels is driving the growth of the smart packaging market. Innovations in these technologies are allowing for better tracking, monitoring, and analysis of products during storage and shipment, leading to greater efficiency, accuracy, and security in the supply chain.

Growing demand for sustainable packaging: The increasing focus on sustainability and environmental protection is driving the demand for eco-friendly and sustainable packaging solutions. Smart packaging technologies are being developed that reduce waste, minimize carbon emissions, and improve recyclability, contributing to the overall trend towards sustainable packaging.

Rising e-commerce industry: The growth of e-commerce is driving the demand for smart packaging solutions that ensure the safe and timely delivery of products to consumers. Smart packaging technologies such as smart labels and sensors are being used to track and monitor products during shipping and to prevent damage or theft.

Stringent regulations: Government regulations regarding food safety and product authentication are driving the adoption of smart packaging solutions, particularly in the food and pharmaceutical industries. Regulations such as the EU’s Food Contact Materials Regulation and the US Food Safety Modernization Act require food packaging to meet strict safety and quality standards, which is fueling the adoption of smart packaging solutions.

High costs: The high cost of implementing smart packaging solutions is a major barrier to market growth. The cost of integrating sensors and other electronics into packaging materials can be prohibitively expensive for small and medium-sized enterprises, which limits their adoption of smart packaging solutions. However, as the technology continues to develop and becomes more affordable, the adoption of smart packaging is expected to increase.

Top Players in the Smart Packaging Market:

  • Bureau Veritas SA (France)
  • SGS S.A. (Switzerland)
  • Eurofins Scientific SE (Luxembourg)
  • Intertek Group Plc. (U.K.)
  • Mérieux NutriSciences Corporation (U.S.)
  • TÜV SÜD AG (Germany)
  • ALS Limited (Australia)
  • National Technical Systems Inc. (U.S.)
  • Microbac Laboratories Inc. (U.S.)
  • EMSL Analytical Inc. (U.S.)
  • and Campden BRI (U.K.)

For Additional Information on Smart Packaging Market Players and Detail List, Download a Report PDF Brochure

Smart Packaging Market Future Trends

Increased use of Internet of Things (IoT) and Artificial Intelligence (AI) technologies: IoT and AI technologies are expected to become increasingly integrated into smart packaging solutions, enabling better tracking, monitoring, and analysis of products throughout the supply chain.

Greater focus on sustainability: Sustainability will continue to be a key driver of innovation in the smart packaging market, with a focus on developing eco-friendly materials and reducing waste. Advances in biodegradable and compostable packaging materials are expected to gain momentum in the coming years.

Greater use of Blockchain technology: Blockchain technology is expected to play a larger role in the smart packaging market, enabling greater traceability and transparency in the supply chain. Blockchain can be used to ensure the authenticity and safety of products, which is particularly important in industries such as food and pharmaceuticals.

Personalization of packaging: The trend towards personalization is expected to extend to the packaging industry, with companies offering customized packaging solutions for individual products and consumers. This trend is being driven by the desire to create a more engaging and memorable experience for consumers.

Integration with augmented reality (AR): The integration of smart packaging with AR technology is expected to provide an immersive and interactive experience for consumers, allowing them to interact with products in new and exciting ways. This trend is expected to gain momentum in the retail and consumer goods industries.

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Recent Developments

  • May 2022 – Sealed Air launched its digital packaging brand, prismiq, which has a portfolio of design services, digital printing, and smart packaging solutions. It eliminates waste and excess packaging while enhancing products and customer engagement. Sealed Air’s end-to-end cloud-based platform generates package-specific digital IDs that collect and manage data along the value chain.
  • February 2022 – Sealed Air Corporation acquired Foxpak Flexibles Ltd. (Foxpak) to expand digital smart packaging solutions for leading global brands. Foxpak is a developer of digital printing on flexible packaging. This private Ireland-based packaging solutions company partners with top brands to deliver highly-decorated packaging solutions for various served markets — including pet food, food retail, seafood, and snacks.

Smart Packaging Market Segmentation

By Technology

  • Physical Tests
  • Spectroscopy & Photometric-Based
  • Chromatography-Based

By End-user Vertical

  • Food, Beverage
  • Healthcare
  • Personal Care
  • Other End-user Verticals

By Type

  • Physical
  • Chemical
  • Microbiological

By Material

  • Glass
  • Plastic
  • Paper
  • Metals

Browse Market Data Tables and Figures spread through 166 Pages and in-depth TOC on Smart Packaging Market Forecast Report (2022-2028).

Regional Analysis:

  • North America: North America is one of the largest markets for smart packaging, with the United States being the largest contributor to the region’s growth. The market is driven by the growth of the e-commerce industry, increased demand for sustainable packaging, and the adoption of stringent regulations regarding food safety and product authentication.
  • Europe: Europe is another significant market for smart packaging, driven by the increasing demand for sustainable and eco-friendly packaging solutions. The region is also home to several leading manufacturers of smart packaging solutions, which contributes to its growth.
  • Asia Pacific: The Asia Pacific region is expected to see significant growth in the smart packaging market, driven by the rapid growth of e-commerce and rising consumer awareness about product safety and authenticity. Countries such as China and India are expected to be key markets for smart packaging in the region.
  • Middle East and Africa: The Middle East and Africa region is expected to see moderate growth in the smart packaging market, driven by the growth of the food and beverage industry and the increasing adoption of smart packaging solutions in the pharmaceutical industry.
  • Latin America: Latin America is another emerging market for smart packaging, with increasing demand for sustainable packaging solutions and growing awareness about the benefits of smart packaging technologies. Countries such as Brazil and Mexico are expected to be key markets for smart packaging in the region.

Read Full Report @ https://www.vantagemarketresearch.com/industry-report/smart-packaging-market-1300

Key Questions Answered in the Report

  • What is the size of the smart packaging market, and how fast is it growing?
  • What are the key drivers, restraints, and trends influencing the growth of the smart packaging market?
  • What are the different types of smart packaging technologies and materials available in the market, and what are their applications?
  • What are the key end-use industries for smart packaging, and what is their market share?
  • What are the different distribution channels for smart packaging, and which ones are most preferred by customers?
  • Who are the leading players in the smart packaging market, and what is their market share?
  • What are the challenges faced by the smart packaging industry, and how can they be overcome?
  • What are the regional dynamics of the smart packaging market, and which regions offer the most growth opportunities?
  • What are the future trends in the smart packaging market, and how can companies capitalize on them?
  • What is the competitive landscape of the smart packaging market, and how can companies differentiate themselves from their competitors?

Scope of the Report:

Report Attributes Details
Market Size in 2021 USD 13.88 Billion
Revenue Forecast by 2028 USD 33.00 Billion
CAGR 12% from 2022 to 2028
Base Year 2021
Forecast Year 2022 to 2028
Key Players Bureau Veritas SA, SGS S.A., Eurofins Scientific SE, Intertek Group Plc., Mérieux NutriSciences Corporation, TÜV SÜD AG, ALS Limited, National Technical Systems Inc., Microbac Laboratories Inc., EMSL Analytical Inc., Campden BRI
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

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About Vantage Market Research:

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Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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