The Internet of Packaging Market is segmented based on various factors, including technology, application, and end-use industry.
Segment: RFID (Radio-Frequency Identification)
RFID technology enables real-time tracking and monitoring of products throughout the supply chain. It provides accurate data regarding inventory levels, location, and condition of the goods. RFID tags, embedded in packaging, help in improving supply chain visibility and reducing the risk of counterfeiting. This technology finds significant applications in industries such as retail, logistics, and pharmaceuticals, among others.
The competitive landscape of the Internet of Packaging Market is characterized by the presence of several key players, including but not limited to:
1. Avery Dennison Corporation
2. Bosch Packaging Technology
3. Dowdupont Inc.
4. IBM Corporation
5. Siemens AG
6. Smartrac N.V.
7. Stora Enso Oyj
8. Thin Film Electronics ASA
9. Timestrip UK Ltd.
10. UPM-Kymmene Corporation
These market players are focusing on strategic collaborations, partnerships, mergers and acquisitions, and technological innovations to gain a competitive edge in the market.