"In terms of end use, the food segment followed by the healthcare segment and beverage segment is estimated to hold the leading share in the market. These segments are forecast to hold around 69% of the market by the end of 2031. Strict norms for storing and transporting various food and healthcare products will propel the demand for next generation packaging.
The food segment generates a major portion of the demand for intelligent packaging followed by the healthcare segment and beverage segment. These industries are expected to register high demand for smart, connected, interactive, user-friendly and eco-friendly packaging solutions."