Global Smart Packaging Market to Reach $14.4 Billion by 2030
The global market for Smart Packaging estimated at US$9.9 Billion in the year 2023, is expected to reach US$14.4 Billion by 2030, growing at a CAGR of 5.5% over the period 2023-2030. Active Packaging, one of the segments analyzed in the report, is expected to record 5.3% CAGR and reach US$10.3 Billion by the end of the analysis period. Growth in the Intelligent Packaging segment is estimated at 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 5.2% CAGR
The Smart Packaging market in the U.S. is estimated at US$3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 5.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
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