This smart packaging market report published by Data Bridge Market Research gives all-inclusive data regarding the market.  This smart packaging market report firstly introduces market by definition, application, classification and Specification. It provides the data of the market dynamics, market trends and market growth.  Competitive landscape of the market is also taken into account while developing this research report.  The data mentioned in this report is validated by the research analyst and expert so that the authentic information of the market is reached to the consumers. Additionally, the report tracks the latest developments and advancements in the market.

Key topic of the market are covered while developing this smart packaging market research report.  It segments the market by product launches, application, end user type. This smart packaging market research report give information about the market new technologies, growth factors, regional trends, company share, development policy and value chain. This report also states import / export, supply and consumption figures as well as manufacturing cost, global revenue and present gross margin by regions.

Data Bridge Market Research analyses that the smart packaging market, valued at USD 24,937.91 million in 2022, will reach USD 39,299.49 million by 2030, growing at a CAGR of 5.85% during the forecast period of 2023 to 2030.

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Definition

"Smart packaging" refers to a particular class of sensor-equipped packaging systems used for food and medications. Smart packaging technology enhances product quality, shelf life, freshness monitoring, customer and product safety. Intelligent packaging systems detail a product's quality and freshness during packaging. In essence, "smart packaging" comprises various technologies, such as biosensors and radio frequency identification. For packaging-sensitive contents that demand better traceability, cutting-edge technological approaches must be combined with innovative packaging strategies.

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Key Growth Drivers:

  • Increasing  demand for smart packaging in the food industry surges in market growth

In the food and beverage sector, smart packaging can be used to track a product's location during transportation, keep an eye on its quality and freshness, and inform the consumer of its ingredients and nutritional content. This can enhance the purchasing experience and the product's quality and safety. These factors are increasingly considered as people become more concerned with food freshness and defense against contaminants such as dust, dirt, smell, water vapors, heat, oxygen, and microbes. Additionally, demand for smart packaging that controls the temperature and keeps the food safe and fresh expands the smart packaging market.

  • The developments in the printing processes surge market growth

Over time, printed technologies have changed to meet customer demands, governmental regulations, and packaging standards. This calls for printed technologies to enhance their functionality in the processing and printing packaging information to make them active and intelligent packaging. Digitalization and technologies are creating new frameworks for developing smart and intelligent applications. The processing and presentation of data on paper and other surfaces have proven to be a useful application of printed technologies. Therefore, much scientific research has been conducted on printed electronics and radio frequency identification (RFID) technology, laying the foundation for future smart packaging application development. People pay attention to the information on packaging that includes preparation instructions, nutritional data, and an ingredient list.

The report emphasizes the participation of key entities, notably:

  • 3M (U.S.)
  • Sealed Air (U.S.)
  • Bemis Manufacturing Company (U.S.)
  • AMETEK MOCON (U.S.)
  • Amcor plc (Australia)
  • International Paper. (U.S.)
  • Stora Enso (Finland )
  • DuPont (U.S.)
  • Crown Paper Mill LLC (U.A.E.)
  • Westrock Company. (U.S.)
  • BASF SE (Germany),
  • ZEBRA (U.S.)
  • R. Donnelley and Sons Company (U.S.)
  • Ball Corporation (U.S.)
  • AVERY DENNISON CORPORATION (U.S.)
  • Primex Plastics Corporation (India)
  • National Packaging Company (U.S.)
  • Ströbel GmbH (Germany)

Major Points in the Report

  • Understanding the entirety of the smart packaging marketlandscape thoroughly.
  • Exploring the leading entities in this sector, delving into their range of products and core approaches.
  • Examining the prominent geographical areas where smart packaging marketdemonstrates significant growth.
  • Keeping abreast of the latest shifts and advancements within the industry.
  • Identifying specific areas or markets with high potential and promising expansion opportunities.

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Key Market Segmentation

By Type (Active Packaging, Intelligent Packaging, Interactive Packaging, Controlled Permeability Packaging, Modified Atmosphere Packaging), Packaging Technology (Indicators, Sensors, Data Carriers), Packaging Functionality (Protection, Containment, Communication, Convenience), Material (Solid, Liquid), End Use Vertical (Food, Beverage, Healthcare, Personal Care, Automotive, Logistics, Others)

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