Intelligent Packaging Market
The global intelligent packaging market is on a robust growth trajectory, with a projected market value of USD 23.6 billion in 2023. The demand for intelligent packaging is expected to grow at a compound annual growth rate (CAGR) of 9.0% over the next decade, reaching a market size of USD 56.0 billion by 2033.
Core Concepts in the Intelligent Packaging Industry
- Higher Growth in the United States: The rising need for smart packaging is driving market growth in the United States.
- Current Market Valuation: The intelligent packaging industry is estimated to be valued at US$ 23.6 billion in 2023.
- Growth Forecast: The market is expected to grow at a CAGR of 9% through 2033.
- Rising Demand for Interactive Packaging: The increase in consumer engagement is fueling the demand for interactive packaging.
- Prominent Market Trend: The development of advanced packaging solutions with sustainable features is a major trend in the market.
- Consumer Engagement: Interactive packaging enhances consumer experience, which is a significant driver for its increased adoption.
Key Market Drivers and Trends
1. Increasing Demand for Interactive and Active Packaging: Interactive packaging, which enhances user experience through data carriers, and active packaging, which extends product shelf life, will collectively account for around 72% of the market share by 2033. The rising consumer preference for user-friendly and high-quality packaging solutions is a significant driver of this growth.
2. Strong Growth in Track & Trace Solutions: The food & beverage industry is witnessing a surge in the adoption of track & trace packaging, which enhances product safety and transparency. This trend is expected to contribute significantly to the expansion of the intelligent packaging market, which is anticipated to grow 2.4 times its current value during the forecast period.
3. Focus on Protecting Sensitive Products: The need to safeguard sensitive products during storage and transportation is spurring the demand for intelligent packaging solutions. These advanced packaging methods offer enhanced protection, making them ideal for industries such as pharmaceuticals and electronics.
4. Shift Toward Next-Generation Packaging: The market is experiencing a rapid shift toward next-generation packaging solutions, including anti-microbial packaging. These innovations are being driven by the need for safer, more sustainable, and more efficient packaging methods, particularly in the wake of increased consumer awareness and regulatory standards.
5. Security and Tracking Solutions: The rising demand for security and tracking solutions is creating new opportunities for intelligent packaging companies. As industries seek to enhance product security and prevent counterfeiting, the adoption of intelligent packaging technologies is expected to rise.
6. Advancements in Sustainable Packaging: The development of advanced packaging solutions with sustainable features is fostering market development. As environmental concerns grow, there is a heightened focus on creating packaging that is both intelligent and eco-friendly.
7. Consumer Engagement and Intelligent Medical Packaging: Improving consumer engagement through innovative packaging solutions is a key focus area for companies. Additionally, the increasing adoption of advanced intelligent medical packaging is expected to create new growth prospects in the market.
Growth Drivers:
- Shifting Packaging Landscape: The rise of next-generation packaging solutions like anti-microbial packaging is creating significant market opportunities.
- Focus on Sustainability: The development of intelligent packaging with eco-friendly features is fostering market growth.
- Enhanced Consumer Engagement: Intelligent packaging solutions can improve consumer interaction and brand loyalty.
key players:
- Amcor plc.
- Crown Holding Inc.
- 3M Company
- CCL Industries Inc.
- Huhtamaki Global
- DS Smith
- Avery Dennison Corporation
- Honeywell International Inc.
- Tetra Pak International S.A.
- Sealed Air Corporation
- Stora Enso Oyj
- WestRock Company
- Ball Corporation
- Mondi Plc.
- International Paper Company
- Georgia-Pacific LLC
- UPM-Kymmene Oyj
- Coveris Holdings S.A.
- DuPont Teijin Films US
- Sigma Plastics Group
- Timestrip UK Ltd.
- Varcode, Ltd.
- Temptime Corporation
- DeltaTrak, Inc.
- EVIGENCE SENSORS
- JRI Company
- Vitsab International AB
- LAXCEN TECHNOLOGY INC.
- APK-ID
- STARNFC Technologies Ltd.
Access Full Report: https://www.futuremarketinsights.com/reports/intelligent-packaging-market
Intelligent Packaging Industry Segmentation:
By Technology:
- Indicators
- Time-Temperature Indicators
- Gas & Integrity Indicators
- Freshness Indicators
- Sensors
- Interactive Packaging/Data Carriers
- Quick-response (QR Codes)
- Barcodes
- Radio Frequency Identification (RFIDs)
- Near Field Communications (NFCs)
- Bluetooth Low Energy (BLE)
- Active Packaging
- Oxygen Scavengers
- Ethylene Absorbers
- Moisture Scavengers
- Anti-microbial Packaging
By Level of Packaging:
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
By Application:
- Bottles and Jars
- Blisters
- Trays & Clamshells
- Cans
- Boxes & Cartons
- Vials, Ampoules, & Prefilled Syringes
- Bags & Pouches
- Films & Wraps
- Mailers
- Labels, Tapes, & Tags
By End Use:
- Food
- Meat, Poultry, & Seafood
- Fruits & Vegetables
- Dairy Products
- Bakery & Confectionary
- Processed Food
- Ready to Eat Food
- Other Food Products
- Beverage
- Healthcare
- Medical Devices
- Medical Supplies
- Pharmaceuticals
- Cosmetics
- Logistics & Transport
- Consumer Electronics
- Personal Care & Homecare
- Other Consumer Goods
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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