Smart Packaging Market Size, Share & Trends Analysis Report By Technology (Modified Atmosphere Packaging (MAP), Active Packaging, Intelligent Packaging), By Application, By Region, And Segment Forecasts, 2024 - 2030

Smart Packaging Market Size, Share & Trends Analysis Report By Technology (Modified Atmosphere Packaging (MAP), Active Packaging, Intelligent Packaging), By Application, By Region, And Segment Forecasts, 2024 - 2030

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.

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