This type of packaging goes beyond consumer satisfaction to include new business opportunities based on digitization. Intelligent packaging also involves creating your e-commerce packaging based on product and package dimensions to enable you to receive new functions in the nearest future.
Intelligent packaging is relatively new, but its potentials can be noticed from a distance. An expert from IDTechEX
also disclosed that the sales of printed electronic packaging will increase from $75 million to 1.45 $billion by 2023.
We have seen a considerable amount of technologies for intelligent packaging, but only a few businesses can afford to use them as a result of its high production costs.
The integration of intelligent packagings into a business may affect the overall budget significantly at first but the ROI it generates, in the long run, may prove to be the difference for the business.
We expect the cost of using smart technology for packaging to drop in the nearest future and companies are looking for ways to make it sooner than expected.
Institute for Modular Solid-state Technologies (EMFT) is working on the best way to develop sensory labels consisting of flexible silicon chips and modern films brought together by a rational roll-to-roll process.
According to a study
, printable electronics that facilitate cost-effective production for mass production will be ready by 2021. Innovations like this will make use of intelligent packaging widespread.