The Smart Packaging Market was valued at USD 6.65 billion in 2021 and is estimated to display a significant improvement to reach USD 14.52 billion by 2030.
The market for smart packaging is propelled by the rise in demand for better health, safety, and authenticity. A mix of active, intelligent, and changed atmospheric packaging methods that is particularly created to extend and monitor shelf life is referred to as smart packaging. In order to enhance the functionality of the package system, components have been added to the packing material or packaging headspace.
Smart packaging has a number of benefits over conventional packaging, including longer shelf life, less counterfeiting, enhanced safety at a lower cost, and simplicity of installation.
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Smart Packaging Market: Segmentation Analysis
Market has been segmented into sections namely, Product type, Packaging Technology, Packaging Component, Packaging Function, End-user, and Regional outlook
Smart Packaging Market by Product Type:
Among all the mentioned segments, active packaging segment has emerged as a dominant segment since 2015 with 72.2% of the revenue share in overall industry. This segment has dominated the market due to its superior moisture control and corrosion protection properties. Growing industrialization coupled with strong demand for supply chain and logistics in regions such as China and India is anticipated to drive the market.
Active Packaging
- Gas Scavenger
- Corrosion Control Packaging
- Moisture Control Packaging
- Intelligent Packaging
- Time temperature Indicator
- Gas Indicator
- Thermochromic Ink
- RFID Barcode
- NFC
Smart Packaging Market by Application:
With the advancement of technology in food beverage sector, held a largest share in revenue of 47.4% in 2015. Rising use of preservative agents in food and beverage to increase their shelf life twinned with quality and safety of the packaged products from manufacturing till the time food is consumed is likely to propel the segment growth.
- Food Beverage
- Healthcare
- Personal Care
- Automotive
- Others
Smart Packaging Market by End-user: Analysis
By End-user the market is sub-divided into Personal care industry, Food and beverages industry, Pharmaceuticals industry, Automotive industry.
Smart Packaging Market by Packaging Function: Analysis
By Packaging Function segment the market is divided into Protection, Containment, Communication, Convenience.
Top Key Players:-
- Amcor plc.
- American Thermal Instruments
- Ampacet Corporation
- AVERY DENNISON CORPORATION
- BASF SE
- Bemis Company, Inc.
- Crown
- DuPont de Nemours, Inc.
- Huhtamaki (Finland),
- LCR Hallcrest
- Mocon Denmark Holding ApS
- Multisorb
- Point Five Packaging, LLC
- Praxair Technology, Inc.
- R. Donnelley Sons Company
- Sealed Air
- Stora Enso
- TempTime Corporation
- Thin Film Electronics ASA
- Timestrip UK Ltd.
- ULMA Group
- UPM
- WestRock Company
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