Latin America Smart Packaging Market is expected to grow at a CAGR of x% during the forecast period 2022 to 2028. Latin America Smart Packaging market report gives comprehensive outlook on smart packaging market across the regions of Latin America. The report on market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. Changes in lifestyle patterns due to rapid urbanization and increase in consumption of beauty products and cosmetics with packaging advancement technology drive the Latin America smart packaging industry. In addition, untapped geographical regions offer enormous opportunities to the smart packaging market, which further fosters the overall smart packaging industry. The presence of oxygen in a packaged material increases the oxidative depreciation of food. Oxygen takes care of overall shelf life ability of muscle food products. Thus, the control of oxygen levels in food packaging is necessary to restrict the rate of such spoilage reactions in food. Thus, it is projected to grow at the fastest rate, which increases the market size. However, high cost of active and intelligent packaging is projected to hamper the market growth. Key players are actively engaged in collaborations, acquisitions, new technological innovations and product launch to strengthen its tract in the Latin America market. January 2018 – Henkel and Selinko announced partnership for smart packaging solutions. It comprises of a collaboration agreement to expand and improve smart and interactive packaging solutions, especially focusing on FMCG markets. January 2018 – Beauty brand Avon has teamed up with British technology and product design firm Cambridge Design Partnership to test smart packaging in consumer trials of a new anti-aging product.