Global Smart and Active Packaging Market Growth 2023-2029

Global Smart and Active Packaging Market Growth 2023-2029

The global Smart and Active Packaging market size is projected to grow from US$ 26120 million in 2022 to US$ 45030 million in 2029; it is expected to grow at a CAGR of 8.1% from 2023 to 2029.

United States market for Smart and Active Packaging is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Smart and Active Packaging is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Smart and Active Packaging is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Smart and Active Packaging players cover Sealed Air, impacX, Touchcode, 3M, Amcor Plc, Avery Dennison Corporation, International Paper, BASF SE and Sealed Air Corporation, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

“Intelligent packaging” is one type of smart packaging that’s typically used for food, beverage, and pharmaceutical products. Intelligent packaging may include sensors that can detect the freshness or temperature of the package contents. Freshness or time/temperature indicators or sensors can be integrated inside or outside the packaging to show retailers and customers if an important limit has been exceeded.For example, a color change in the packaging could indicate bacterial growth, leaky packaging, or temperature disruption. In the pharmaceutical industry, intelligent drug packaging with built-in RFID chips, LEDs, and tiny loudspeakers can register the removal of pills and sound an alarm if they are taken incorrectly. Medication packaged with NFC chips allows customers to read package inserts and reorder medication using a smartphone.

Active Packaging also popular in the food and beverage industry, “active packaging” goes a step further than intelligent packaging to allow the package to interact with its contents in order to improve product shelf life or the quality of the contents during storage. Light filtering materials, oxygen and ethylene absorbers, antimicrobial surface coatings, and moisture-regulating materials can be integrated into the packaging or added separately as an insert.For example, active packaging may release antimicrobial agents to prevent bacterial growth when it senses that a product’s freshness is being compromised. Some beers packaged in plastic bottles contain oxygen absorbers in the screw caps that can extend the beer’s shelf life from three to six months. Film packaging with ethylene absorbers can absorb the ripening hormone ethylene while the food is being stored to ensure a longer shelf life.

LPI (LP Information)' newest research report, the “Smart and Active Packaging Industry Forecast” looks at past sales and reviews total world Smart and Active Packaging sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart and Active Packaging sales for 2023 through 2029. With Smart and Active Packaging sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart and Active Packaging industry.

This Insight Report provides a comprehensive analysis of the global Smart and Active Packaging landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart and Active Packaging portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart and Active Packaging market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart and Active Packaging and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart and Active Packaging.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart and Active Packaging market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Active Packaging
Smart Packaging

Segmentation by application
Food
Beverage
Pharmaceutical

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sealed Air
impacX
Touchcode
3M
Amcor Plc
Avery Dennison Corporation
International Paper
BASF SE
Sealed Air Corporation
Thin Film Electronics ASA
Smartrac N.V.
Multisorb Technologies
Ball Corporation
Amcor limited
Timestrip PLC
Sysco Corporation
Paksense Incorporated
Eastman Chemical Company
M&G USA Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart and Active Packaging market?

What factors are driving Smart and Active Packaging market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart and Active Packaging market opportunities vary by end market size?

How does Smart and Active Packaging break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.