The Global Smart Packaging Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Smart Packaging Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Smart Packaging Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Forecast Growth Projected:
The global smart packaging market size was valued at USD 24.66 billion in 2024. The market growth is projected to be USD 26.06 billion in 2025 to USD 40.02 billion by 2032, exhibiting a CAGR of 6.32% during the forecast period.
List of the Key Players in the Smart Packaging Market:
- International Paper Company (U.S.)
- Smurfit Kappa Group plc (U.S.)
- 3M Company (U.S.)
- Amcor Plc (Switzerland)
- Stora Enso Oyj (Finland)
- Filtration Group (U.S.)
- Sealed Air (U.S.)
- Air Products and Chemicals, Inc. (U.S.)
- Zebra Technologies Corporation (U.S.)
- EMCO Packaging Systems Ltd. (U.K.)
- Amerplast Ltd. (Finland)
- DuPont (U.S.)
Smart Packaging Market Segmentation:
By Technology Type:
The market is segmented into modified atmosphere packaging (MAP), intelligent packaging, and active packaging. MAP holds the largest market share and is expected to see significant growth during the forecast period.
By Application:
Applications include personal care & cosmetics, food & beverages, pharmaceuticals, electronics, e-commerce, and others. The food & beverage segment leads the market, driven by rising demand for food safety, transparency, and real-time product information.
Regional Insights:
Asia Pacific leads the smart packaging market with a value of USD 9.16 billion in 2023, driven by innovation in countries like China and Japan and rising demand in healthcare. North America ranks second, fueled by advanced technology, strong consumer demand, and major market players. Europe is growing steadily due to strict regulations against counterfeiting, boosting adoption of QR codes and RFID in packaging. Latin America shows promising growth, driven by demand for cost-effective packaging solutions and better consumer engagement. Middle East & Africa is expected to grow moderately, supported by the need for product traceability, though affected by economic and infrastructure challenges.
Competitors Landscape:
The realm of Smart Packaging Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.
Key Industry Developments:
- Nov 2023: Smurfit Kappa introduced SupplySmart, a digital solution to optimize packaging efficiency and lower supply chain emissions.
- Sep 2023: Bastille Parfums partnered with Avery Dennison to use RFID technology for improved supply chain tracking, inventory management, and counterfeit prevention.
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