Smart Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Smart Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Smart Packaging Market

The smart packaging market size was valued at USD 23.33 billion in 2023, and the market is now projected to grow from USD 24.66 billion in 2024 to USD 40.02 billion by 2032, exhibiting a CAGR of 6.24% during the forecast period of 2024-2032.

The COVID-19 pandemic, associated to the impact on elective surgeries, postured challenges to different industries. Be that as it may, within the smart packaging market growth sector, it quickened development due to increased center on safety and hygiene. Antimicrobial coatings and tamper-evident highlights developed as significant solutions, helping market recovery post the starting mishap.

The developing center on sustainability and natural mindfulness parallels the rise in request for savvy bundling innovations, driving market extension. These arrangements optimize asset utilization and minimize natural affect, with highlights like freshness sensors decreasing food waste. Moreover, businesses grasping smart packaging market share as portion of their maintainability activities are supporting market share growth, reflecting the slant seen with wearable restorative devices in healthcare and wellness segments.

Moreover, the trend of improving item traceability and verification through smart packaging is picking up force. Innovations like RFID, NFC, and QR codes engage buyers to get to point by point item data and confirm realness, in this manner checking falsifying. This trend is set to drive significant growth within the smart packaging market within the coming a long time.

Comprehensive Analysis of Smart Packaging Market

The smart packaging market is segmented by innovation sort, application, and locale. In terms of upgrading, adjusted climate bundling (Outline) rules due to its capacity to expand the rack life of unmarked items by directing oxygen, carbon dioxide, and nitrogen levels. In applications, the nourishment & refreshments section leads, leveraging smart packaging for straightforwardness and security, joining QR codes and RFID labels for traceability. Territorially, Asia Pacific is the biggest market, driven by nations like China and Japan receiving imaginative bundling arrangements, taken after by North America and Europe, impelled by innovative progressions and administrative activities advancing item judgment through keen bundling arrangements. Latin America and the Center East & Africa display promising development potential driven by request for reasonable advances and item traceability arrangements.

The Asia Pacific region states its dominance within the Smart Packaging market size of USD 8.57 billion in 2023 due to holding the biggest share. Initiated by nations like China and Japan, famous for their inventive packaging arrangements guaranteeing nourishment security and supply chain optimization, the locale exhibits a strong direction.

Key players within the Smart Packaging market play an urgent part in driving industrial growth and setting up market benchmarks. Among these powerful players are Worldwide Paper Company (U.S.), Smurfit Kappa Gather plc (U.S.), 3M Company (U.S.), Amcor Plc (Switzerland), Constantia Flexibles (Austria), Avery Dennison Organization (U.S.), R.R. Donnelley & Children Company (U.S.), Stora Enso Oyj (Finland), Filtration Bunch (U.S.), Fixed Discuss (U.S.), Discuss Items and Chemicals, Inc. (U.S.), Zebra Advances Enterprise (U.S.), EMCO Bundling Frameworks Ltd. (U.K.), Amerplast Ltd. (Finland), DuPont (U.S.), and others. These advertise pioneers collectively shape a competitive landscape and drive development within the Smart Packaging segment.

In July 2023, Universal Paper revealed OHMEGA®, an inventive packaging innovation empowering buyer interaction by conveying custom-made promotions, sweepstakes, and coupons through a special conductive ink code, upgrading engagement and brand devotion.

Segmentation Table

Global Smart Packaging Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.24% from 2024-2032

Unit Value (USD Billion)

Segmentation By Technology Type, By Application, and By Region

By Technology Type Modified Atmosphere Packaging (MAP)

Active Packaging

Intelligent Packaging

- Tracking Devices

- Indicators

By Application Food & Beverages

Personal Care & Cosmetics

Pharmaceuticals

Electronics

E-commerce

Others

By Region North America (By Technology Type, By Application, and Country)

- U.S. (By Application)

- Canada (By Application)

Europe (By Technology Type, By Application, and Country)

- Germany (By Application)

- U.K. (By Application)

- France (By Application)

- Spain (By Application)

- Italy (By Application)

- Russia (By Application)

- Poland (By Application)

- Romania (By Application)

- Rest of Europe (By Application)

Asia Pacific (By Technology Type, By Application, and Country)

- China (By Application)

- India (By Application)

- Japan (By Application)

- Australia (By Application)

- Southeast Asia (By Application)

- Rest of Asia Pacific (By Application)

Latin America (By Technology Type, By Application, and Country)

- Brazil (By Application)

- Mexico (By Application)

- Argentina (By Application)

- Rest of Latin America (By Application)

The Middle East & Africa (By Technology Type, By Application, and Country)

- Saudi Arabia (By Application)

- UAE (By Application)

- Oman (By Application)

- South Africa (By Application)

- Rest of Middle East & Africa (By Application)


Please Note: It will take 2-3 business days to complete the report upon order confirmation.