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Smart Packaging Industry Estimated to Reach $6 Billion By 2023
At a recent AIPIA event, Smithers Pira addressed how inventory control, validity, authenticity, security and the consumer experience will all be impacted by technologies such as RFID; other companies presented their latest innovations.
Another completely chip-free alternative uses microscopic variations of barcode printing from one carton to another to differentiate products individually. "Just as each barcode print is not exactly the same as another," said Chris Martin of Systech, "we have fingerprints that give a unique identity to each unit of the same product."
Because barcodes are already printed on products, Systech can offer a low-cost solution to enable identification and tracking. The system also enables an innovative experience for customers, including certification of product authenticity.
Another vendor showcased a solution that integrates various technologies into a single packaging, allowing the identification and tracking of goods, while offering a broader experience to consumers at various stages of production and distribution for a particular product. Derek Dlugosh-Ostap, the president and CEO of PackSmart, explained that in addition to RFID, the platform favors the use of any other technology to achieve customers' business objectives.
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