Dublin, Dec. 05, 2024 (GLOBE NEWSWIRE) -- The "Smart Packaging - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Smart Packaging was estimated at US$11 Billion in 2023 and is projected to reach US$16.1 Billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030.
Key types include active packaging, intelligent packaging, and interactive packaging, with active packaging holding the largest market share due to its widespread use in maintaining product freshness and extending shelf life, particularly in the food and beverage industry. Applications cover food safety, pharmaceuticals, logistics, and personal care, with food safety representing a significant segment as active packaging helps maintain the quality and safety of perishable goods. End-users include food and beverage manufacturers, pharmaceutical companies, logistics providers, and consumer goods brands, with food and beverage manufacturers leading the market due to the increasing need for fresh and safe products.
How Is Smart Packaging Integrated Across Various Industries?
In the food and beverage sector, active packaging solutions are used to control moisture, oxygen, and odor levels, preserving product quality and extending shelf life. Intelligent packaging incorporates sensors and RFID tags for real-time monitoring, tracking, and tamper detection, ensuring safety and compliance in pharmaceutical logistics and cold chain management. In the personal care industry, interactive packaging integrates QR codes and NFC tags, enabling consumers to access product information, usage instructions, and promotional content through their smartphones, enhancing user engagement. Additionally, logistics providers use smart packaging for asset tracking, reducing the risk of loss and ensuring timely deliveries.
What Factors Are Driving the Growth in the Smart Packaging Market?
The growth in the Smart Packaging market is driven by several factors, including increasing demand for product safety, quality assurance, and supply chain transparency across industries like food, pharmaceuticals, and consumer goods. The rise of e-commerce and global trade has accelerated the adoption of smart packaging solutions that offer real-time tracking and traceability. Advancements in sensor technology, IoT, and data analytics have improved the functionality and cost-effectiveness of smart packaging, supporting broader applications. The growing emphasis on sustainability has also fueled demand for smart packaging that reduces waste, preserves freshness, and improves recyclability. Additionally, regulatory requirements for food safety, pharmaceutical integrity, and consumer protection have contributed to market expansion, as industries seek to comply with stringent safety and quality standards.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Active Packaging segment, which is expected to reach US$11.4 Billion by 2030 with a CAGR of a 5.2%. The Intelligent Packaging segment is also set to grow at 6.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.0 Billion in 2023, and China, forecasted to grow at an impressive 5.2% CAGR to reach $2.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Smart Packaging Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Smart Packaging Market such as Amcor Plc, Ball Corporation, BASF SE, Berry Global, Inc., Coveris Holdings S.A. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 23 companies featured in this Global Smart Packaging market report include:
- Amcor Plc
- Ball Corporation
- BASF SE
- Berry Global, Inc.
- Coveris Holdings
- Dansensor
- Desiccare
- Huhtamaki
- LINPAC Packaging
- Point Five Packaging
- Praxair, Inc.
- Sealed Air Corporation
- Winpak
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 84 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $11 Billion |
| Forecasted Market Value (USD) by 2030 | $16.1 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- World Market Trajectories
- Global Economic Update
- Smart Packaging - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growing Demand for Food Safety, Traceability, and Shelf-Life Extension Drives Smart Packaging Adoption
- Technological Advancements in RFID, NFC, and QR Code Integration Propel Growth of Smart Packaging Solutions
- Increasing Use of Smart Packaging in Pharmaceuticals, Food & Beverage, and Logistics Expands Addressable Market
- Expansion of Active and Intelligent Packaging in Cold Chain, Perishables, and High-Value Goods Fuels Market Growth
- Rising Focus on Anti-Counterfeiting, Tamper-Evident, and Security Features Strengthens Demand
- Integration with IoT, AI, and Blockchain for Real-Time Tracking Drives Adoption
- Growing Use of Smart Labels, Sensors, and Time-Temperature Indicators in Supply Chains Accelerates Growth
- Technological Innovations in Biodegradable, Recyclable, and Eco-Friendly Smart Packaging Propel Market Expansion
- Increasing Compliance with Food Safety, Serialization, and Packaging Regulations Drives Market Growth
- Rising Adoption of Smart Packaging in E-Commerce, Retail, and Direct-to-Consumer Channels Expands Opportunities
- Focus on Achieving Real-Time Analytics, Consumer Engagement, and Interactive Packaging Strengthens Business Case
- Increasing Use of Smart Packaging for Nutritional Tracking, Dosage Compliance, and Health Monitoring Expands Demand
- Technological Advancements in Printed Electronics, Smart Films, and Embedded Sensors Propel Market Growth
FOCUS ON SELECT PLAYERS
- Amcor
- Ball Corporation
- BASF
- Berry Global, Inc.
- Coveris Holdings
- Dansensor
- Desiccare, Inc.
- Huhtamaki PPL Ltd
- LINPAC Packaging Limited
- Point Five Packaging, LLC
- Praxair, Inc.
- Sealed Air Corporation
- Winpak Limited
For more information about this report visit https://www.researchandmarkets.com/r/e1govd
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