Active, Smart, and Intelligent Packaging Market Surges at a Remarkable 9.8% CAGR by 2027 | FMI

Projected to undergo significant expansion, the Global Active, Smart, and Intelligent Packaging Market is estimated at US$ 27.1 billion in 2022, with a forecasted surge to US$ 43.3 billion by 2027. This trajectory reflects an impressive Compound Annual Growth Rate (CAGR) of 9.8% during the period from 2022 to 2027. The market’s evolution highlights the growing emphasis on innovative packaging solutions across industries. As technology continues to play a pivotal role, the demand for active, smart, and intelligent packaging is anticipated to witness a robust upswing, aligning with the evolving needs of consumers and industries seeking enhanced product safety and functionality.

With the United States Food and Drug Administration revealing that food waste constitutes an estimated 30% to 40% of the nation’s food supply, there is a heightened focus on reducing wastage. The push to curb food wastage aligns with the concurrent advancements in packaging technologies aimed at bolstering product safety and preserving freshness. Consequently, a substantial uptick in demand for active, smart, and intelligent packaging is anticipated across the U.S., as consumers and industries alike recognize the pivotal role these innovations can play in addressing the critical issue of food waste while ensuring the longevity and quality of products.

Projections indicate that the global market value for active, smart, and intelligent packaging in the food and beverage industry will hit US$ 12 billion in 2022, with an anticipated climb to US$ 19.3 billion by 2027. This trajectory underscores the increasing significance of advanced packaging solutions in ensuring product safety, freshness, and sustainability across the global food and beverage sector. As the industry continues to embrace cutting-edge technologies, the demand for these innovative packaging solutions is expected to witness substantial growth, reflecting the evolving needs of consumers and the ongoing commitment to enhancing efficiency and reducing environmental impact.

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Global Active, Smart, and Intelligent Packaging Market: Competitive Intelligence

The report profiles some of the leading players in the global active, smart, and intelligent packaging market the likes of

• PakSense, Inc.,
• Landec Corporation,
• Sealed Air Corporation,
• Bemis Company, Inc.,
• Crown Holdings, Inc.,
• Amcor Limited,
• 3M Company,
• Timestrip UK Ltd.,
• Cryolog S.A.,
• Vitsab International AB,
• Varcode, Ltd.,
• LCR Hallcrest LLC,
• Thin Film Electronics ASA,
• CCL Industries Inc.,
• Temptime Corporation,
• Multisorb Technologies, Inc., and
• Coveris Holdings S.A.

How Technological Innovation Driving Competition Fueling Expansion Of Global Active, Smart And Intelligent Packaging Market?

1. Consumer Demands and Expectations:
   • Convenience: Consumers are increasingly seeking convenience in packaging, such as easy opening, resealing, and portability.
   • Information: There is a growing demand for packaging that provides real-time information about the product, such as freshness, expiration dates, and nutritional content.
2. Enhanced Product Protection:
   • Sustainability: Innovative packaging technologies help extend the shelf life of products, reducing food waste and promoting sustainability.
   • Barrier Properties: Intelligent packaging solutions can provide enhanced barrier properties, protecting products from environmental factors like moisture, oxygen, and light.
3. Integration of IoT (Internet of Things) and Sensors:
   • Real-Time Monitoring: Smart packaging often incorporates IoT sensors to monitor the condition of the product in real time. This is particularly important for perishable goods.
   • Supply Chain Visibility: IoT-enabled packaging enhances supply chain visibility, allowing companies to track products from manufacturing to delivery.
4. Brand Enhancement and Differentiation:
   • Interactive Packaging: Smart packaging allows brands to engage with consumers through interactive features, such as augmented reality (AR) experiences, games, or personalized messages.
   • Premium Positioning: Companies can differentiate their products by adopting innovative packaging, positioning them as premium or cutting-edge.

The Impact Trends Such As High Preference For Case Ready Meals Augmenting Sales Of Active, Smart & Intelligent Packaging

The growing trend of a high preference for case-ready meals is significantly influencing the sales of active, smart, and intelligent packaging. As consumers increasingly opt for convenient and ready-to-eat meal solutions, the packaging industry is adapting to meet these changing preferences.

Active packaging refers to packaging that goes beyond the traditional role of containing and protecting the product. It actively interacts with the contents to extend shelf life, improve freshness, and enhance safety. In the case of case-ready meals, active packaging plays a crucial role in maintaining the quality and safety of the food, ensuring that it remains fresh for an extended period.

Smart and intelligent packaging takes this concept a step further by incorporating technologies such as sensors, QR codes, or RFID tags. These technologies provide real-time information about the product’s condition, tracking its freshness, temperature, and other relevant factors. For case-ready meals, this kind of packaging can offer consumers assurance regarding the quality and safety of the food they are purchasing.

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Global Active, Smart And Intelligent Packaging Market By Category

By Packaging Type :

• Active Packaging
  • Oxygen Scavenging Sachets
  • Modified Atmosphere Packaging (MAP)
• Smart & Intelligent Packaging
  • Time & Temperature Indicator (TTI) Labels
  • Freshness Indicators
  • Radio Frequency Identification (RFID) Tags

By Application :

• Food & Beverage
  • Meat, Poultry & Seafood
  • Fruits & Vegetables
  • Dairy Products
  • Bakery & Confectionary
  • Processed Food
  • Others
• Pharmaceuticals
• Cosmetics
• Others