London, 24 February 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Electronic Packaging Market 2015-2019, which is expected to grow at a CAGR of 46.26 percent from 2014-2019.
Continual changes in consumer lifestyles, demographics and consumer habits affect the packaging of products. As consumers are showing more interests in their purchases, they are paying more attention towards the product and its packaging. Vendors have also started giving more importance to the needs of consumers regarding packaging of products because of the increase in competition in the market.
“The increase in demand for sophisticated functionalities in packaging and printed electronics is resulting in an increase in the need for rapid advances in technology,” says Faisal Ghaus, Vice President of TechNavio.
“Technological advances made in sensor devices are leading to the development of advanced devices that are more reliable, durable and of high quality.”
Key Market Drivers
- Influence of Consumer Demand on Packaging
- Increase in Theft and Counterfeiting
- Improving Supply Chain Operations
- Importance of Packaging as a Tool for Differentiation
Key Market Trends
- Technological Advances in Printed Electronics
- Rise in Number of Innovations
- Increase in Investment in R&D
Key Market Vendors
- BASF SE
- Enfucell Ltd.
- MeadWestvaco Corp.
- Soligie Inc.
- T-Ink Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
