The range of smart devices, from electronics to perishable goods, is expanding as new technologies become available. Fast-moving consumer goods (FMCG) companies are using Internet of Things (IoT) devices and networks to boost household item sales. In addition, they are utilizing IoT technologies to improve global supply chain management and manufacturing of these goods.
Consumers are now expecting devices to talk to each other. According to Research and Markets, the global FMCG packaging market is projected to reach $656.3 billion by 2030.