Smart Packaging Market - Global Industry Analysis

Smart Packaging Market By Type (Active Packaging, Intelligent Packaging, Modified Atmosphere Packaging), By Material (Solid, Liquid), By End user (Food & beverage, Personal care, Automotive, Healthcare, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 29-Mar-2022 Category: Packaging Report Format : PDF Pages: 170 Report Code: ZMR-407 Status : Published

The global smart packaging market was worth around USD 22781.7 million in 2021 and is estimated to grow to about USD 31056.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.3 percent over the forecast period.

Description

Global Smart Packaging Market: Industry Prospective

The global smart packaging market was worth around USD 22781.7 million in 2021 and is estimated to grow to about USD 31056.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.3 percent over the forecast period. The report analyzes the smart packaging market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the smart packaging market.

Smart Packaging Market: Overview

Smart packaging offers a detailed insight into the product that it envelops and this is what majorly drives its popularity of it. Consumers are becoming more aware and this is expected to turn the tide of the packaging industry in the coming years hence the demand for smart packaging is expected to bolster over the forecast period through 2028.  

Smart packaging for food is expected to see a rise in demand as consumers want to know the contents of the food they are consuming owing to the rise in healthy eating and fitness trends. Smart packaging is aimed at improving the shelf life of packaged goods by proper monitoring of multiple parameters such as temperature, etc.

Global Smart Packaging Market

COVID-19 Impact:

The COVID-19 pandemic slowed down markets all over the world and the markets linked to international trade activity and manufacturing sectors saw a major negative impact on their businesses in this era. Disrupted supply chains and shortage of raw materials hindered the markets to a major extent and rendered huge losses in terms of precious factory downtime as well as profit margin shrinkage.

A drop in demand for packaged goods, reduced e-commerce activity, and closure of sales channels such as malls, grocery stores, and retail stores led to a major drop in demand for smart packaging. However, the demand is expected to see a steady spike in rising as lockdown restrictions are lifted and demand for packaged goods returns to its normal trend.

With industrial activity resuming and increasing demand, smart packaging companies would have to focus on boosting their production and distribution capabilities in the post-pandemic world to cater to the growing demand.

Smart Packaging Market: Growth Drivers

Changing lifestyle trends to Foster Demand for Smart packaging

Consumers are preferring to know more about the product and this rising demand for more information about the product is what majorly drives the demand for smart packaging. Increasing technological proliferation, rising urbanization, and growing demand for monitoring and tracking are some crucial factors that are positively influencing smart packaging market growth through 2028. Rising urbanization is expected to play a pivotal role in the global smart packaging market growth over the forecast period.

Smart Packaging Market: Restraints

High Costs of Smart Packaging

Smart packaging comprises sensors, RFID (radio frequency identification) tags, and other technological components which make it a very expensive packaging setup for multiple small businesses and increase the overall cost of the product as well. This is expected to majorly restrain the adoption of smart packaging across the world. The collection of consumer data through smart packaging could also lead to adverse situations where this data could be manipulatively used and this is also expected to hinder smart packaging market growth through 2028.

Smart Packaging Market: Challenges

Rising Demand for Sustainable Packaging Solutions

Smart packaging components comprise some elements that cannot be recycled or reused and this creates a major barrier for smart packaging companies as pressure on them is mounting to innovate and launch sustainable packaging solutions to reduce waste and conserve the environment.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Smart Packaging Market: Segmentation

The global smart packaging market is segregated based on type, material, end-user, and region.

By type, the market is divided into modified atmosphere packaging (MAP), active packaging, and intelligent packaging. The modified atmosphere packaging segment held a dominant market share in 2020 and is expected to see a bright outlook over the forecast period. Rising demand for high-quality fresh food is what majorly drives this segment and is expected to further bolster smart packaging market growth through 2028 as this trend picks up the pace on a global scale.

By End-user, the smart packaging market is segmented into food & beverage, personal care, automotive, healthcare, and others. The increasing demand for smart packaging in the food & beverage industry is expected to majorly influence smart packaging market growth. Increasing consumer preference for knowing the ingredients of it and the freshness of food are two major factors propelling demand for smart packaging in the global smart packaging market landscape.

Recent Developments

  • In March 2022 – Procter and Gamble’s Lenor brand announced a change in its sustainable packaging trends as it banishes opaque bottles and adopts transparent ones with integrated digital watermarking that will be beneficial in the recycling process and help the company achieve its sustainability goals.

Smart Packaging Market: Regional Landscape

Asia Pacific region will lead the global smart packaging market in terms of revenue and volume share owing to changing lifestyle trends, increasing demand for packaging solutions with longer sustainability, increasing demand for packaged goods, and growing demand for fresh & quality food products. China, Japan, and India are estimated to be the most lucrative markets in this region owing to their expanding consumer base and increasing sales of packaged goods.

The market for smart packaging in North America and Europe is expected to provide lucrative opportunities and is expected to see high demand from food & beverages and personal care end use industry verticals in these regions.

Smart Packaging Market: Competitive Landscape

Some of the main competitors dominating the global smart packaging market include - 3M, Avery Dennison Corporation, Ball Corporation, BASF SE, Crown, International Paper, R.R. Donnelley & Sons Company, Stora Enso, Sysco Corporation, and Zebra Technologies Corp. (Temptime Corporation)..

The global smart packaging market is segmented as follows:

Global Smart Packaging Market, By Type

By Material

  • Solid
  • Liquid

By End User

  • Food & beverage
  • Personal care
  • Automotive
  • Healthcare
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global smart packaging market, 2015 - 2024 (Kilo Tons)(USD Billion)
    • 2.2. Global smart packaging market: Snapshot
  •  
  • Chapter 3. Smart Packaging - Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Rising demand for functional and smart packaging and the increasing consumer awareness for reduction of food wastage
      • 3.2.2. Increasing purchasing power and consumer lifestyle, and rising population
    • 3.3. Market Restraints
      • 3.3.1. Limited availability, lack of consumer awareness, and high price, of plastic materials
      • 3.3.2. The absence of integrators, high cost, and better product designers
    • 3.4. Opportunities
      • 3.4.1. Elevation of Printed Technology
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by type
      • 3.6.2. Market attractiveness analysis by application
      • 3.6.3. Market attractiveness analysis by region
  •  
  • Chapter 4. Smart Packaging - Competitive Landscape
    • 4.1. Company market share analysis, 2017 (subject to data availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Products Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
  •  
  • Chapter 5. Smart Packaging Market - Type Analysis
    • 5.1. Global smart packaging market: type overview
      • 5.1.1. Global smart packaging volume share by type, 2017 and 2024
    • 5.2. Active Packaging
      • 5.2.1. Global smart packaging market by active packaging, 2015 - 2024 (Kilo Tons) (USD Billion)
    • 5.3. Intelligent Packaging
      • 5.3.1. Global smart packaging market by intelligent packaging, 2015 - 2024 (Kilo Tons) (USD Billion)
    • 5.4. Modified Atmosphere Packaging (MAP)
      • 5.4.1. Global smart packaging market by modified atmosphere packaging (MAP), 2015 - 2024 (Kilo Tons) (USD Billion)
  •  
  • Chapter 6. Smart Packaging Market - Application Analysis
    • 6.1. Global smart packaging market: application overview
      • 6.1.1. Global smart packaging volume share by application, 2017 and 2024
    • 6.2. Personal Care
      • 6.2.1. Global smart packaging market for personal care, 2015 - 2024 (Kilo Tons) (USD Billion)
    • 6.3. Food & Beverage
      • 6.3.1. Global smart packaging market for food & beverage, 2015 - 2024 (Kilo Tons) (USD Billion)
    • 6.4. Healthcare
      • 6.4.1. Global smart packaging market for healthcare, 2015 - 2024 (Kilo Tons) (USD Billion)
    • 6.5. Automotive
      • 6.5.1. Global smart packaging market for automotive, 2015 - 2024 (Kilo Tons) (USD Billion)
    • 6.6. Others
      • 6.6.1. Global smart packaging market for other applications, 2015 - 2024 (Kilo Tons) (USD Billion)
  •  
  • Chapter 7. Smart Packaging Market - Regional Analysis
    • 7.1. Global Smart Packaging Market: Regional Overview
      • 7.1.1. Global Smart Packaging Market Volume Share, by Region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. North America smart packaging market, 2017 - 2024 (Kilo Tons) (USD Billion)
      • 7.2.2. North America smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
      • 7.2.3. North America smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
      • 7.2.4. North America smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
      • 7.2.5. North America smart packaging market revenue, by application, 2017
      • 7.2.6. - 2024 (USD Billion)
      • 7.2.7. The U.S.
        • 7.2.7.1. U.S. smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
        • 7.2.7.2. U.S. smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
        • 7.2.7.3. U.S. smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
        • 7.2.7.4. U.S. smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe smart packaging market, 2017 - 2024 (Kilo Tons) (USD Billion)
      • 7.3.2. Europe smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
      • 7.3.3. Europe smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
      • 7.3.4. Europe smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
      • 7.3.5. Europe smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
      • 7.3.6. UK
        • 7.3.6.1. UK smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
        • 7.3.6.2. UK smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
        • 7.3.6.3. UK smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
        • 7.3.6.4. UK smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
      • 7.3.7. France
        • 7.3.7.1. France smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
        • 7.3.7.2. France smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
        • 7.3.7.3. France smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
        • 7.3.7.4. France smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
      • 7.3.8. Germany
        • 7.3.8.1. Germany smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
        • 7.3.8.2. Germany smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
        • 7.3.8.3. Germany smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
        • 7.3.8.4. Germany smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia-Pacific smart packaging market, 2017 - 2024 (Kilo Tons) (USD Billion)
      • 7.4.2. Asia-Pacific smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
      • 7.4.3. Asia-Pacific smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
      • 7.4.4. Asia-Pacific smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
      • 7.4.5. Asia-Pacific smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
      • 7.4.6. China
        • 7.4.6.1. China smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
        • 7.4.6.2. China smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
        • 7.4.6.3. China smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
        • 7.4.6.4. China smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
      • 7.4.7. Japan
        • 7.4.7.1. Japan smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
        • 7.4.7.2. Japan smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
        • 7.4.7.3. Japan smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
        • 7.4.7.4. Japan smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
      • 7.4.8. India
        • 7.4.8.1. India smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
        • 7.4.8.2. India smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
        • 7.4.8.3. India smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
        • 7.4.8.4. India smart packaging market revenue, by application, 2017 - 2024 (USD Billion
    • 7.5. Latin America
      • 7.5.1. Latin America smart packaging market, 2017 - 2024 (Kilo Tons) (USD Billion)
      • 7.5.2. Latin America smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
      • 7.5.3. Latin America smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
      • 7.5.4. Latin America smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
      • 7.5.5. Latin America smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
      • 7.5.6. Brazil
        • 7.5.6.1. Brazil smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
        • 7.5.6.2. Brazil smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
        • 7.5.6.3. Brazil smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
        • 7.5.6.4. Brazil smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa smart packaging market, 2017 - 2024 (Kilo Tons) (USD Billion)
      • 7.6.2. Middle East & Africa smart packaging market volume, by type, 2017 - 2024 (Kilo Tons)
      • 7.6.3. Middle East & Africa smart packaging market revenue, by type, 2017 - 2024 (USD Billion)
      • 7.6.4. Middle East & Africa smart packaging market volume, by application, 2017 - 2024 (Kilo Tons)
      • 7.6.5. Middle East & Africa smart packaging market revenue, by application, 2017 - 2024 (USD Billion)
  •  
  • Chapter 8. Company Profiles
    • 8.1. E. I. Du Pont De Nemours and Company
      • 8.1.1. Company Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Multisorb Technologies Inc.
      • 8.2.1. Company Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Amcor Limited
      • 8.3.1. Company Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. BASF SE
      • 8.4.1. Company Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. RR Donnelley
      • 8.5.1. Company Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Developments
    • 8.6. Sealed Air Corporation
      • 8.6.1. Company Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Developments
    • 8.7. The Sherwin-William Company
      • 8.7.1. Company Overview
      • 8.7.2. Financials
      • 8.7.3. Business Strategy
      • 8.7.4. Product Portfolio
      • 8.7.5. Recent Developments
    • 8.8. Huhtamaki Group
      • 8.8.1. Company Overview
      • 8.8.2. Financials
      • 8.8.3. Business Strategy
      • 8.8.4. Product Portfolio
      • 8.8.5. Recent Developments
    • 8.9. PakSense Meadwestvaco Corporation
      • 8.9.1. Company Overview
      • 8.9.2. Financials
      • 8.9.3. Business Strategy
      • 8.9.4. Product Portfolio
      • 8.9.5. Recent Developments
    • 8.10. Stora Enso OYJ
      • 8.10.1. Company Overview
      • 8.10.2. Financials
      • 8.10.3. Business Strategy
      • 8.10.4. Product Portfolio
      • 8.10.5. Recent Developments

Table Of Figures

List of Figures
 
1. Global smart packaging  market segmentation by application, type, and geography
2. Global smart packaging  market, 2017 - 2024 (Kilo Tons) (USD Billion)
3. Porter’s five forces analysis: Smart Packaging   market
4. Global smart packaging  market attractiveness, by type, 2017
5. Global smart packaging  market attractiveness, by application, 2017
6. Global smart packaging  market attractiveness, by region, 2017
7. Global smart packaging  market volume share, by type, 2017 – 2024
8. Global smart packaging market by active packaging, 2017 – 2024 (Kilo Tons) (USD Billion)
9. Global smart packaging market by intelligent packaging, 2017 – 2024 (Kilo Tons) (USD Billion)
10. Global smart packaging market by modified atmosphere packaging (MAP), 2017 – 2024 (Kilo Tons) (USD Billion)
11. Global smart packaging  market volume share, by application, 2017 -2024
12. Global smart packaging  market for personal care, 2017 – 2024 (Kilo Tons) (USD Billion)
13. Global smart packaging  market for food & beverage, 2017 – 2024 (Kilo Tons) (USD Billion)
14. Global smart packaging  market for healthcare, 2017 – 2024 (Kilo Tons) (USD Billion)
15. Global smart packaging  market for automotive, 2017 – 2024 (Kilo Tons) (USD Billion)
16. Global smart packaging  market for other applications, 2017 – 2024 (Kilo Tons) (USD Billion)
17. Global smart packaging  market volume share, by region, 2017 - 2024
18. North America smart packaging  market, 2017 - 2024, (Kilo Tons) (USD Billion)
19. U.S. smart packaging  market, 2017 - 2024, (Kilo Tons) (USD Billion)
20. Europe smart packaging  market, 2017 - 2024, (Kilo Tons) (USD Billion)
21. UK smart packaging  market, 2017 - 2024, (Kilo Tons) (USD Billion)
22. France smart packaging  market, 2017 - 2024, (Kilo Tons) (USD Billion)
23. Germany smart packaging  market, 2017 - 2024, (Kilo Tons) (USD Billion)
24. Asia Pacific smart packaging  market, 2017 - 2024 (Kilo Tons) (USD Billion)
25. China smart packaging  market, 2017 - 2024, (Kilo Tons) (USD Billion)
26. Japan smart packaging  market, 2017 - 2024, (Kilo Tons) (USD Billion)
27. India smart packaging  market, 2017 - 2024, (Kilo Tons) (USD Billion)
28. Latin America smart packaging  market, 2017 - 2024 (Kilo Tons) (USD Billion)
29. Brazil smart packaging  market, 2017 - 2024, (Kilo Tons) (USD Billion)
30. The Middle East & Africa smart packaging  market, 2017-2024 (Kilo Tons) (USD Billion)


Table Of Tables

List of Tables

1.Global smart packaging  market snapshot
2.Drivers for smart packaging  market: Impact analysis
3.Restraints of smart packaging  market: Impact analysis
4.North America smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
5.North America smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
6.North America smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
7.North America smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
8.U.S. smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
9.U.S. smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
10.U.S. smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
11.U.S. smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
12.Europe smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
13.Europe smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
14.Europe smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
15.Europe smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
16.UK smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
17.UK smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
18.UK smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
19.UK smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
20.France smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
21.France smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
22.France smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
23.France smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
24.Germany smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
25.Germany smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
26.Germany smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
27.Germany smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
28.Asia Pacific smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
29.Asia Pacific smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
30.Asia Pacific smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
31.Asia Pacific smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
32.China smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
33.China smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
34.China smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
35.China smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
36.Japan smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
37.Japan smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
38.Japan smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
39.Japan smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
40.India smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
41.India smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
42.India smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
43.India smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
44.Latin America smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
45.Latin America smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
46.Latin America smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
47.Latin America smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
48.Brazil smart packaging  market volume, by type, 2017 – 2024 (Kilo Tons)
49.Brazil smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
50.Brazil smart packaging  market volume, by application, 2017 – 2024 (Kilo Tons)
51.Brazil smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)
52.Middle East & Africa smart packaging  market volume, by type, 2017– 2024 (Kilo Tons)
53.Middle East & Africa smart packaging  market revenue, by type, 2017 – 2024 (USD Billion)
54.Middle East & Africa smart packaging  market volume, by application, 2017– 2024 (Kilo Tons)
55.Middle East & Africa smart packaging  market revenue, by application, 2017 – 2024 (USD Billion)

Methodology

Free Analysis

Protection, convenience, containment, and communication are the functions of the smart packaging. The smart packaging also provides various additional functionalities which depend on the product type.

Rising demand for functional and smart packaging and the increasing use of smart packaging in reducing food wastage are expected to drive the global market. Moreover, increasing purchasing power, consumer changing lifestyle and rising population are estimated to drive the smart packaging market during the years to come. However, limited availability, lack of consumer awareness, the high price of plastic materials, the low absence of integrators, high cost, and better product designers anticipate impeding the growth of the market. Nevertheless, elevation of printed technology is likely to set new wings to the global smart packaging within the years to come. 

The smart packaging market is classified into type, application, and region. In terms of type, the market is categorized into active packaging, intelligent packaging, and modified atmosphere packaging (MAP). Among the other types, active packaging type has dominated the smart packaging market in 2017 and is expected to dominate in the near future. In terms of application, smart packaging market is segmented into personal care, food & beverage, healthcare, automotive, and others. Food & beverage application segment accounted for the largest market share of around 37% in 2017 owing to rapidly increasing active product use in food and beverages industry and demand for ready-to-eat food products is anticipated to fuel the smart packaging market during the forecast period. 

Global Smart Packaging Market

North America accounted for the highest market share of the smart packaging market in 2017 followed by Europe and the Asia Pacific; it accounted for around 45% market share in 2017. Swift growth of industries such as automotive, food & beverage, manufacturing, pharmaceutical, and logistics coupled with recovery of economic slowdown is anticipated to fuel the demand for the market during the forecast period. Rising purchasing power of consumers and an increase in awareness regarding health is projected to propel the smart packaging industry within the years to come. Europe is projected to exhibit a significant growth rate owing to rising government emphasis to lower down the toxic content of packaging material. The Asia Pacific is emerging as the potential market for smart packaging and it is estimated to be the fastest growing region in the near future on an account of rising lifestyle and purchasing power of people. The Middle East & Africa and Latin America are projected to witness moderate growth rate in the coming years.

The key manufacturers in the global smart packaging market are E. I. Du Pont De Nemours and Company, Multisorb Technologies Inc., Amcor Limited, BASF SE, RR Donnelley, Sealed Air Corporation, Huhtamaki Group, PakSense Meadwestvaco Corporation, and Stora Enso OYJ.
 

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FrequentlyAsked Questions

Increasing demand for fresh food and rising consumer awareness for smart packaging solutions are expected to be major trends propelling smart packaging market growth through 2028.

According to the Market Research report, the global smart packaging market was worth about US$ 22781.7 million in 2021 and is predicted to grow to around US$ 31056.7 million by 2028, with a compound annual growth rate (CAGR) of around 5.3 percent.

Asia Pacific region will lead the global smart packaging market in terms of revenue and volume share owing to changing lifestyle trends, increasing demand for packaging solutions, etc.

Some of the main competitors dominating the global smart packaging market include -- 3M, Avery Dennison Corporation, Ball Corporation, BASF SE, Crown, International Paper, R.R. Donnelley & Sons Company, Stora Enso, Sysco Corporation, and Zebra Technologies Corp. (Temptime Corporation).

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