According to a research report published by Spherical Insights & Consulting, The Global Smart Packaging Market Size is Expected to Grow from USD 25.7 Billion in 2023 to USD 46.9 Billion by 2033, Growing at a CAGR of 6.20% during the forecast period 2023-2033.

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The term “smart packaging” refers to a particular kind of sensor-based packaging system that is utilized for a variety of goods, including food and medicine. Smart packaging technology improves product quality, shelf life, freshness monitoring, and customer and product safety. People’s increasing concerns about their health are driving the market for personal care products. In addition to its wide applications and low cost, solid packaging is utilized for cosmetics and personal hygiene products. Smart packaging is becoming more and more popular in the food and beverage industries. Consumers are more concerned with the freshness, nutritional content, purity, and protection of food from dust, heat, odors, and other environmental factors. Items with ingredient lists, nutritional information, cautions, and cooking instructions on the package are also preferred by consumers. Consumer demand for fresh food and changes in global lifestyles are driving the market’s need for clever packaging. However, concerns about data security and privacy, together with high costs, could hinder market expansion.

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the report on the Global Smart Packaging Market Size, Share, and COVID-19 Impact Analysis, By Technology (Active Packaging, Intelligent Packaging, and MAP), By Material (Solid and Liquid), By End-user (Food and Beverage, Healthcare, Personal Care, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The MAP segment is predicted to hold the largest market share of the global smart packaging market through the forecast period. 

Based on the technology, the smart packaging market is classified into active packaging, intelligent packaging, and MAP. Among these, the MAP segment is predicted to hold the largest market share of the global smart packaging market through the forecast period. MAP (modified environment packaging) is the process of adding active gases, such as CO2, and inert gases, such as nitrogen, along with antimicrobials to food to increase its shelf life. Globally, there is an increasing demand for ready-to-eat packaged food. In order to maintain food quality and nutrients, there is a rising need for packaging in a controlled environment.

The solid segment is anticipated to grow at the fastest pace in the global smart packaging market during the projected timeframe. 

Based on the material, the smart packaging market is categorized into solid and liquid. Among these, the solid segment is anticipated to grow at the fastest pace in the global smart packaging market during the projected timeframe. Solid packaging material is lightweight, moisture-resistant, and eco-friendly, and it can print at a high quality. Solid packaging is highly sought after in the pharmaceutical industry due to its considerable utility in the packaging of tablets and capsules. Increasing demand in several industries such as food and beverage, healthcare, personal care, and others.

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The food and beverage segment is predicted to hold the largest market share of the global smart packaging market through the projected period.

Based on the end-user, the smart packaging market is categorized into food and beverage, healthcare, personal care, and others. Among these, the food and beverage segment is predicted to hold the largest market share of the global smart packaging market through the projected period. Food safety and traceability are strictly regulated in the food and beverage industry. RFID tags and QR codes, among other smart packaging technologies, assist in guaranteeing compliance by giving comprehensive details on the product’s origin, processing, and transportation conditions. This data is essential for spotting and controlling possible outbreaks of foodborne illness. Furthermore, food and drinks have a high degree of perishability, especially fresh meat, dairy, and fruit. Throughout the supply chain, they need packaging that can preserve quality, safety, and freshness. Freshness monitoring, time-temperature indicators, and oxygen absorbers are just a few of the aspects that smart packaging solutions with these capabilities may help with.

North America is estimated to hold the largest share of the smart packaging market over the forecast period.

North America is estimated to hold the largest share of the smart packaging market over the forecast period. The North American smart packaging market has been greatly impacted by the rise of e-commerce. As more people choose to buy online, there is a greater demand for effective and safe packing options that can survive shipping difficulties and guarantee product integrity when delivered. To satisfy these needs, smart packaging solutions such as temperature-controlled packs and tamper-evident seals are becoming indispensable. Innovative smart packaging solutions are being used by well-known businesses in a variety of end-user industries to improve user experience, control inventory, and guarantee product integrity.

Asia Pacific is predicted to hold the fastest pace in the smart packaging market over the forecast period. Convenience, quality, and improved product experiences are becoming more and more popular as more people relocate to cities and have more money to spend. These tastes are well matched by smart packaging, which offers better product tracking, increased safety, and improved customer involvement through technologies like sensors, NFC, and QR codes. Similarly, the use of smart packaging has increased as a result of the existence of multiple manufacturers in India. Therefore, it is expected that this will drive market revenue growth over the forecast period.

Major key players in the smart packaging market include R.R. Donnelley and Sons Company, 3M, Sealed Air, Ströbel GmbH, Westrock Company., Bemis Manufacturing Company, AMETEK MOCON, Amcor plc, Ball Corporation, ZEBRA, International Paper., Stora Enso, DuPont, BASF SE, AVERY DENNISON CORPORATION, Crown Paper Mill LLC, Primex Plastics Corporation, National Packaging Company, and Others.

Recent Developments

• In November 2023, Smurfit Kappa introduced its new digital solution, SupplySmart, which enables companies to make smart packaging adjustments to boost productivity and cut emissions throughout their supply chains.
• In September 2023, Tetra Pak and Jus de Fruits Caraïbes collaborated to create an interactive, integrated packaging experience. The linked experience seeks to raise consumers’ knowledge of environmental issues and educate them about beverage carton recycling.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the smart packaging market based on the below-mentioned segments:

Global Smart Packaging Market, By Technology

• Active Packaging
• Intelligent Packaging
• MAP

Global Smart Packaging Market, By Material

• Solid
• Liquid

Global Smart Packaging Market, By End-User

• Food and Beverage
• Healthcare
• Personal Care
• others

Global Smart Packaging Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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