Product Code: GVR-1-68038-267-9
Smart Packaging Market Growth & Trends:
The global smart packaging market size is anticipated to reach USD 43.3 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.2% from 2024 to 2030. Rising need for smart packaging products owing to increasing usage in the end use industries such as electronics and automotive on account of its superior protection properties is expected to fuel the growth over the forecast period. Rising industrialization in emerging regions including Asia Pacific and the Middle East is expected to drive the industry over the next eight years.
Increasing application scope in the logistics industry pertaining to the surging use of RFID tags at multiple levels to speed up locating products, and to improve the availability of real-time information coupled with the elimination of record loss is expected to drive the demand over the next eight years. Moreover, rising investment to improve the logistics industry within emerging economies such as China and India are projected to propel the industry growth.
Active Packaging accounted for over 70% of the market in terms of revenue on account of superior corrosion and moisture control properties. Growing use of the product in the automotive sector is likely to drive the demand over the forecast period.
Smart Packaging Market Report Highlights:
- Active packaging accounted for the largest market revenue share of 70.4% in 2023 and is expected to register the fastest CAGR of 6.0% during the forecast period.
- Food & beverages accounted for a share of 45.5% in 2023. Food and beverage industries are subject to strict regulations regarding food safety and traceability.
- Pharmaceuticals are expected to register the fastest CAGR during the forecast period. The growth of smart packaging in the pharmaceutical sector is driven by the need for improved safety, improved compliance, efficient logistics, and robust anti-counterfeiting measures.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Smart Packaging Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Smart Packaging Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Smart Packaging Market: Technology Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Smart Packaging Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Modified Atmosphere Packaging (MAP)
- 4.3.1. Modified Atmosphere Packaging (MAP) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Active Packaging
- 4.4.1. Active Packaging Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.1.1. Gas Scavengers
- 4.4.1.1.1. Gas Scavengers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.1.2. Corrosion Control Packaging
- 4.4.1.2.1. Corrosion Control Packaging Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.1.3. Moisture Control Packaging
- 4.4.1.3.1. Moisture Control Packaging Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Intelligent Packaging
- 4.5.1. Intelligent Packaging Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.1.1. Time Temperature Indicator
- 4.5.1.1.1. Time Temperature Indicator Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.1.2. Gas Indicator
- 4.5.1.2.1. Gas Indicator Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.1.3. Thermochromic Ink
- 4.5.1.3.1. Thermochromic Ink Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Smart Packaging Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Smart Packaging Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Food & Beverages
- 5.3.1. Food & Beverages Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Personal Care & Cosmetics
- 5.4.1. Personal Care & Cosmetics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Pharmaceuticals
- 5.5.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Electronics
- 5.6.1. Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Smart Packing: Regional Estimates & Trend Analysis
- 6.1. Smart Packaging Market Share, By Region, 2023 & 2030 (USD Million)
- 6.2. North America
- 6.2.1. North America Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. U.K.
- 6.3.2.1. U.K. Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Germany Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Japan
- 6.4.3.1. Japan Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. India
- 6.4.4.1. India Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6. Australia
- 6.4.6.1. Australia Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Saudi Arabia Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. UAE
- 6.6.3.1. UAE Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4. South Africa
- 6.6.4.1. South Africa Smart Packaging Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles
- 7.4.1. Sealed Air Corporation
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Multisorb Technologies
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. Amcor PLC
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Ball corporation
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. Huhtamaki OYJ
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Stora Enso
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Avery Dennison Corporation
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Zebra TechnologiesCorporation
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. 3M Company
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. International Paper Company
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Recent Developments/ Strategic Initiatives
- 7.4.11. Timestrip PLC
- 7.4.11.1. Participant's Overview
- 7.4.11.2. Financial Performance
- 7.4.11.3. Product Benchmarking
- 7.4.11.4. Recent Developments/ Strategic Initiatives
- 7.4.12. Sysco Corporation
- 7.4.12.1. Participant's Overview
- 7.4.12.2. Financial Performance
- 7.4.12.3. Product Benchmarking
- 7.4.12.4. Recent Developments/ Strategic Initiatives
- 7.4.13. Paksense Incorporated
- 7.4.13.1. Participant's Overview
- 7.4.13.2. Financial Performance
- 7.4.13.3. Product Benchmarking
- 7.4.13.4. Recent Developments/ Strategic Initiatives
- 7.4.14. M & G USA Corporation
- 7.4.14.1. Participant's Overview
- 7.4.14.2. Financial Performance
- 7.4.14.3. Product Benchmarking
- 7.4.14.4. Recent Developments/ Strategic Initiatives
- 7.4.15. BASF SE
- 7.4.15.1. Participant's Overview
- 7.4.15.2. Financial Performance
- 7.4.15.3. Product Benchmarking
- 7.4.15.4. Recent Developments/ Strategic Initiatives