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The global smart labels market is forecast to reach a valuation of nearly US$ 25 Bn by 2030, registering an US$ 18 Bn incremental opportunity. Growth is majorly underpinned by a flourishing organized retail sector across developing and developed countries.

Ascending disposable incomes owing to rapid urbanization and improving living standards is stimulating demand for various consumer goods across the traditional and e-commerce retail segments respectively. There is an increase in footfalls across brick and mortar stores for purchasing various products.

As a result, demand for proper packaging solutions is on the rise. Manufacturers are abandoning conventional barcodes in favour of advanced smart label solutions such as RFIDs and NFCs to provide clear information regarding product formulation, expiry and manufacturing process.

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Key Takeaways from the Smart Labels Market Report

Global smart labels market is slated to expand at a value CAGR worth 11.2% from 2022-2030

RFID labelling to witness prolific adoption, comprising almost 60% of the revenue share by 2030

Digital printing technology is likely to acquire 480 BPS attributed to the need for clear labelling and information provision

Retail & logistics industries to collectively account for over half of the revenue share

North America to remain market hegemon, APEJ to register a dexterous growth trajectory

“Government directives to ensure transparency in product information is compelling industries to adopt smart labelling solutions, prompting vendors to introduce market-specific labelling technologies,” concludes the FMI analyst.

COVID-19 Impact Analysis

In spite of witnessing a major slump across key industry verticals, the market for smart labels is anticipated to remain sustained in the wake of surging demand for processed foods, healthcare consumables and FMCGs.

Consumers are availing the aforementioned products via e-commerce channels due to social distancing, which requires vendors to package and label the goods properly and deliver them to their customers. Hence, RFID and QR aided labelling are witnessing widespread adoption.

During this unprecedented era when personal hygiene takes precedence over everything else, it is imperative for manufacturers to ensure that healthcare and disinfectant products are adulteration free, thus increasing the need for proper inventory tracking solutions, thus uplifting smart labels growth prospects.

Who is winning?

Prominent players in the global smart labels landscape are Avery Dennison Corporation, Honeywell International Inc., Zebra Technologies Corporation and CCL Industries Inc. These players collectively capture 15-20% of the revenue share.

Their primary strategies include product launches, expansion of product portfolios and strategic collaborations and acquisitions.

In September 2022, Avery Dennison Corporation introduced a dual-technology AD-362r6-P inlay combining item-level tracking and digital ID capabilities of a high-performance RAIN RFID (UHF) tag for a wide range of retail apparel products.

Zebra Technologies Corporation, another prominent player, offers handheld RFID scanners, fixed readers, antennae, labels & tags and printers. In 2015, it introduced RFID-based labels for fresh meat products.

In August 2022, CCL Industries Inc. announced the signing of a binding agreement to acquire Graphic West International ApS, a specialized digital printer of short-run folding cartons for pharmaceutical products. The move is aimed at increasing CCL’s Healthcare & Specialty printing business.

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More Insights on the Smart Labels Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global smart labels market, analysing historical demand from 2015-2021 and forecast statistics for 2022-2030. The study reveals growth projections on the smart labels market on the basis of labelling technology (RFID, NFC tags, EAS, sensing labels and electronics shelf labels), printing technology (flexographic, digital, gravure and screen), end use (healthcare, automotive, FMCG, logistics, retail and others) and across seven regions.

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The protective packaging Market demand remains positive with the market forecast to rise at a CAGR of 4.8% from 2021 – 2031. Driven by increasing emphasis on optimizing supply-chain management, the protective packaging market size is expected to reach US$ 26.55 Bn in 2021, as per latest insights by Future Market Insights (FMI).

Protective packaging solutions are predominantly used in industries to protect industrial and non-industrial goods from magnetic influences, vibration, shock, and electrostatic or atmospheric damage. According to a recent FMI report, the protective packaging market will surpass a valuation of US$ 26.5 Bn in 2021, exhibiting a CAGR of 4.8% between 2021 and 2031.

The rising emphasis of manufacturers on safe and secure transportation of fragile and non-fragile products to reduce unnecessary maintenance and shipping costs is propelling the sales of protective packaging solutions in the market.

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Additional benefits of protective packaging such as moisture and air barrier properties with high-level customization are driving market growth. FMI predicts that future demand and sales of protective packaging solutions will witness an upwards trajectory. Pivotal factors such rising output from the manufacturing sector coupled with swift penetration of transport and logistics worldwide is accelerating the growth of the protective packaging market substantially.

The COVID-19 pandemic and its global impact has adversely affected the global protective packaging market. Stringent and complete lockdowns in American, European and Asian countries resulted in a decline in the supply and sales of protective packaging solutions.

Fluctuation in demand from various end use industries has created negative impact on the demand of protective packaging solutions. The demand for protective packaging solutions will be sluggish for the next two quarters of 2021 as various countries across the globe are witnessing a new wave of the COVID-19 pandemic. Nevertheless, demand for protective packaging solutions will gain traction in the later part of 2021 as industries recover rapidly with adequate precautionary measures.

Key Takeaways from Protective Packaging Market

• Flexible protective packaging is leading the market and is projected to hold more than 65% of the value share during the next decade, supported by improved flexibility in logistics.
• Plastic is a widely used material for producing a wide range of protective packaging solutions. It is projected to witness incremental opportunity of US$ 7.9 Bn during the forecast period.
• The U.S. is a dominant market, accounting for more than 88% of the North America market. It is driven by strict packaging standards and regulations in multiple industries.
• Germany will remain a dominant market in Europe, accounting for over 22% of the regional market share, supported by the presence of an active manufacturing sector.
• China and India are high potential markets reflecting a 7.5% and 9% CAGR through 2031 respectively. These markets are supported by wide consumer bases and manufacturing sectors.

“Recent developments aimed at encouraging faster conveyance of heavy and light duty goods with precise and safe packaging solutions is fuelling the popularity of protective packaging offerings among end users.  Evolving preferences of industry players as they exhibit higher focus on sustainability and paper-based corrugated packaging solutions are anticipated to create new growth avenues for protective packaging manufacturers,” says the FMI analyst.

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Protective Packaging Solutions Prevent Damage to Fragile Cargo

Handle with care warnings are displayed on fragile cargo as there is little margin for mistakes and mishandling. Fragile goods and items are oddly sized and fragile in nature, requiring a customized packaging solution to ensure safe and secure transportation.

Shipping and cargo industries employ protective packaging solutions for bracing of cargo, damage prevention, and securing products during transit. Protective air pillows, dunnage bags, shipping containers, mailers and more are designed to reduce the impact of jerky movements and to preserve the integrity of industrial goods including delicate items.

Lightweight protective packaging solutions are preferred for loading fragile goods. Products and goods with high importance are also included in the fragile category as it is necessary to protect and deliver them undamaged. Rising demand for such resilient yet easy-to-use packaging solutions for safe and secure shipments is propelling the protective packaging market.

Who is winning?

The Tier 3 players in the fragmented protective packaging market hold 75-85% of the overall market share. In conclusion, key players contribute almost 15-25% of the global market. Product development efforts coupled with capacity expansion strategies are likely to gain interest of major players in the market.

Sealed Air Corporation, Smurfit Kappa Group, DS Smith Plc, WestRock Company, Sonoco Products Company are the top players operating in the protective packaging market. Furthermore, Greif, International Paper Company, Cascades Inc, Schur Flexibles Holding GesmbH, Winpack Ltd, Crown Holdings Inc are also the noticeable players in the protective packaging market.

Protective Packaging Market by Category
By Material Type:

• Foamed Plastic
• Paper
• Plastic

By Product Type:

• Foam Protective Packaging
• Flexible Protective Packaging
• Rigid Protective Packaging

By Function Type:

• Wrapping
• Void Fill
• Insulation
• Cushioning
• Blocking & Bracing

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• MEA
• Japan

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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A new market research report by FMI on the anti-counterfeit pharmaceutical packaging market includes global industry analysis 2014–2018 and opportunity assessment 2019–2027. The report analyses the anti-counterfeit pharmaceutical packaging market and provides critical insights for the forecast period 2019-2027. As per findings of the report, the global anti-counterfeit pharmaceutical packaging market is projected to experience a significant growth over the forecast period due to multiple driving factors.

The global sales of the anti-counterfeit pharmaceutical packaging market is estimated to be valued at ~ US$ 77 Bn in 2019, which translates into an opportunity worth of ~US$ 3.5 Bn for anti-counterfeit technology for pharmaceuticals.

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Developing Economies to Hold Promising Investment Opportunities during the Forecast Period

China & Japan cumulatively account for more than half of the total Asia Pacific anti-counterfeit pharmaceutical packaging market. This is accredited to the fastest-growing pharmaceutical market, particularly on the back of increasing number of population, coupled with rising regulations in pharmaceutical sector of China and India. The economical manufacturing environment and developing economy are vital factors driving the anti-counterfeit pharmaceutical packaging market in the APAC region.

Growing penetration of local manufacturers in their respective regions also fuels the anti-counterfeit pharmaceutical packaging market growth in the region. Furthermore, developing economies of Latin America such as Mexico and Argentina are expected to have potential in the anti-counterfeit pharmaceutical packaging market during the forecast period. Illegal sale of pharmaceutical drugs is a growing concern, most particularly in developing countries of Latin America where the lack of healthcare concern forces people to seek cheaper drugs.

This is hamstringing the anti-counterfeit pharmaceutical packaging market growth. In the absence of effective system and regulations, the market of counterfeit drugs and other medical supplies has been increased. Also, semi-legal copying of branded drugs by legitimate local companies would remain a high-profile problem. All these factors will create an impact on the growth of the anti-counterfeit pharmaceutical packaging in the coming years.

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Approach towards Electronic Track and Trace to Secure the Supply of Drugs

For secure supply of drugs from manufacturers to end users, one of the key requirements is the ability to trace, validate, and verify the authenticity of the drug at each and every stage of the supply chain. It is expected to boost the demand for anti-counterfeit pharmaceutical packaging in the near future. In electronic track and trace technology, each unit is serialized and allows building the drug pedigree.

These pedigrees include information about manufacturers, distributors, and wholesalers who handles the drug. This helps in tracing the product at any stage and reduces counterfeiting, which stimulates the anti-counterfeit pharmaceutical packaging market growth.

Increased Number of Self-prescribed Patients Opting for Less Expensive Pharma Products

~ 5% of the U.S adults are using medication without any professional prescription. Increase in number of self-prescribed patients is hampering the anti-counterfeit pharmaceutical packaging market. Sometimes, end users of pharma products opt for counterfeit products, as they are less expensive compared to the original medications. This perception of patients is restraining the anti-counterfeit pharmaceutical packaging market growth.

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Global Anti-Counterfeit Pharmaceutical Packaging Market: Competitive Landscape

Anti-counterfeit pharmaceutical packaging manufacturers have taken steps to tackle the menace of counterfeited medicines through innovative packaging techniques, which is still in the infancy stage but future looks promising. Advancement in technology is expected to spur the demand for anti-counterfeit pharmaceutical packaging products. Large pharmaceutical companies such as Pfizer and GlaxoSmithKline have introduced RFID tags on the packaging of Viagra and Trizivir, an HIV treatment product, which is driving the anti-counterfeit pharmaceutical packaging market growth.

Some of the key players in the global anti-counterfeit pharmaceutical packaging market are Alien Technology, ATL Security Label Systems, CCL Industries, SICPA Holdings, Schott AG, Gerresheimer AG, Klockner Pentaplast Group, Ardagh Group S.A., Nipro Corporation, Authentix Inc., TruTag Technologies, Inc., Zebra Technologies Corporation, Alpvision SA, OpSec Security Inc., Savi Technology Inc., 3M, and Stevanato Group.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Christiana Corporate, 200 Continental Drive,

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The beverage packaging market is expected to surpass US$ 128.2 Bn by 2027, likely to Grow Moderately at 4.1% CAGR during the assessment period.

Beverage packaging manufacturers have witnessed an increasing demand for smaller pack sizes, which has led to a rise in demand for beverage cans, as they are convenient for carrying.  However, rising awareness regarding sugar content in soft drinks, and the resultant health effects has led to a meteoric increase in the consumption of bottled water in the beverage packaging market.

In the beverage packaging market, brand owners in developed countries such the U.S. have been quick to capitalize on this growing demand and offer seasonal flavoured water, such as chocolate peppermint.

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High consumption of alcohol in developed and developing economies is expected to bolster the demand for beverage packaging, especially beer bottles and beverage cans, during the next ten years. High demand for flavoured alcoholic beverages, wine, soft drinks, and energy drinks are expected to bolster the sales of beverage cans in the beverage packaging market.

Key Takeaways of Beverage Packaging Market Study

According to FMI analysis, glass is expected to remain the top revenue generating segment in the beverage packaging market. However, it is expected to witness a decline during the forecast period, owing to the shift in preference for plastic packaging solutions, due to the brittle nature of glass.

The growth in consumption of bottled water is expected to continue in the beverage packaging market as more consumers continue to make the shift from carbonated drinks to low-sugar drinks. This is attributed to rising consumer awareness regarding the health effects associated with the consumption of carbonated drinks.

The Asia Pacific except Japan (APEJ) Beverage packaging market is identified as the most lucrative geographic region, wherein China & India represent a substantial total incremental opportunity over the forecast period.

“The beverage packaging industry is characterized by several design-level trends. One of the most prominent trends is an inclination of beverage packaging manufacturers towards packaging design innovation, keeping consumer convenience at the center. Many vendors focus on lightweight feature to help beverage packaging manufacturers in their efforts to reduce transit costs,” says an FMI analyst.

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Beverage Packaging Market by Category

By product Type:

• Liquid Cartons
• Beverage Cans
• Glass Bottles
• Plastic Bottles
• Others

By Material:

• Glass
• Plastic
• Metal
• Paper/Paperboard

By Application:

• Alcoholic Drinks
  • Beer
  • Wine
• Non-Alcoholic Drinks
  • Fruit Juices
  • Carbonated Drinks/Soda
  • RTD Beverages

Beverage Packaging Market Landscape

Key players in the beverage packaging market such as Ball Corporation and Crown Holdings, Inc. emphasize on product development by adopting smart packaging technology, such as smart beverage cans, which can connect with electronic devices to interact with the user.  Key players operating in the global market for Beverage packaging include Crown Holdings, Inc., Amcor Limited., Ardagh Group S.A., Ball Corporation, Gerresheimer AG., Owens-Illinois, Inc., Berry Global, Inc., Beatson Clark Ltd., Intrapac International Corporation, BA Glass Germany GmbH., Nampak Ltd., Vidrala S.A., Silgan Containers LLC., Mahmood Saeed Beverage Cans & Ends Industry Company Ltd., and Orora Packaging Australia Pty Ltd.

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Table of Content
1. Executive Summary

1.1. Market Overview

1.2. FMI Analysis and Recommendations

1.3. Wheel of Opportunity

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Market Viewpoint

3.1. Porter’s Five Force Analysis

3.2. Global Packaging Industry Outlook

3.3. Market Dynamics

3.3.1. Drivers

3.3.2. Restraints

3.3.3. Trends

3.3.4. Opportunities

4. Global Beverage Packaging Market Analysis By Region

4.1. Introduction

4.2. Historical Market Size (US$ Mn) and Volume (Tonnes) Analysis 2012-2021 By Region

4.2.1. North America

4.2.2. Asia Pacific Excluding Japan

4.2.3. Western Europe

4.2.4. Eastern Europe

4.2.5. Latin America

4.2.6. Middle East and Africa

4.2.7. Japan

4.3. Current Market Size (US$ Mn) and Volume (Tonnes) Forecast 2022-2027 By Region

4.3.1. North America

4.3.2. Asia Pacific Excluding Japan

4.3.3. Western Europe

4.3.4. Eastern Europe

4.3.5. Latin America

4.3.6. Middle East and Africa

4.3.7. Japan

4.4. Market Attractiveness Analysis By Region

TOC Continued…

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights (FMI) delivers key insights on the global next generation packaging market in its upcoming report titled “Next Generation Packaging Market: Global Industry Analysis and Opportunity Assessment 2015-2025”. The global next generation packaging market is projected to expand at a CAGR of 6.01% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in this report.

On the basis of applications, the market has been segmented into food & beverages, healthcare & pharmaceuticals, personal care, logistics & supply chain and others. The food & beverages applications segment is estimated to account for over 43% share of the global next generation packaging market by the end of 2015.

The healthcare & pharmaceutical applications segment is expected to be the second largest segment, accounting for over 30% share of global next generation packaging market by the end of 2015. The personal care applications segment is expected to expand rapidly at a CAGR of 6.30% during the forecast period. Furthermore, the logistic & supply chain application segment in the market is expected to cross US$ 4.00 Bn mark by the end of 2025.

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On the basis of packaging type, the market has been segmented into various types, such as active packaging, intelligent packaging and modified atmosphere packaging (MAP). Among all the types, the active packaging segment is expected to hold the largest market share of over 36% by the end of 2015, followed by intelligent packaging segment, which is expected to account for over 33% share of the overall market by the end of 2015.

The modified atmosphere packaging segment is expected to account for over 29% share of the overall market by the end of 2015, but it is expected to lose its share to other packaging types by the end of 2025.

Growth of the global next generation packaging market is mainly driven by increasing aging population, overall advances in packaging materials and rising need of sustainable packaging. Moreover, trends that are driving the growth of the next generation packaging market are increasing research and development spending on packaging technology, growing adoption of Quick Response (QR) codes on packaging and development of advanced sensors.

This report covers trends that are driving the growth of each segment and respective sub-segments and offers analysis and insights on the potential of the next generation packaging market in specific regions. North America is expected to dominate the next generation packaging market, accounting for over 36% share of the overall market by the end of 2015, and is anticipated to remain dominant till the end of 2025. Western Europe is expected to be the second largest market, accounting for over 20% of market share by the end of 2015.

APEJ and Japan, collectively, are expected to account for over 26% share of the total next generation packaging market by the end of 2015. Among all the regions, Latin America is anticipated to expand at the highest CAGR from 2015 to 2025, followed by the Middle East & Africa, due to increasing investment and economic development in these regions.

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Key players in the global next generation packaging market include Amcor Limited, WestRock Company (Formerly MeadWestvaco Corporation), Sonoco Products Company, Sealed Air Corporation, Stora Enso Oyj, Bemis Company, Inc., MULTIVAC, WS Packaging Group, Inc., Active Packaging Ltd. and ULMA Packaging, S.Coop  .Currently, major participants, such as Amcor Limited and Sonoco Products Company, are focusing more on business expansion in emerging regions in order to enhance their global presence.

In addition, these key players are also focusing on expanding their packaging portfolio through acquisitions and mergers. For example, in 2015, MeadWestVaco Corporation and Rock-Tenn Co. merged together by creating new WestRpck Company. This Merger will help them to be a second-largest packaging company in the U.S. In 2015, Stora Enso Oyj entered into a joint development agreement with NXP Semiconductors N.V. for developing intelligent packaging solutions. This development is intended to primarily focus on the integration of RFID technology into packaging, in order to enhance consumer engagement and improve supply chain efficiency

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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