Intelligent Packaging Market
The global intelligent packaging market is set to witness unprecedented growth, with its valuation projected to reach US$ 23.6 billion in 2023 and expand to US$ 56.0 billion by 2033. This robust growth, characterized by a CAGR of 9.0% over the next decade, underscores the increasing demand for advanced packaging solutions across various industries.
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.
Request Your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-13604
Key Market Insights and Growth Drivers:
- Market Growth and Value:
- The intelligent packaging market is expected to grow 2.4 times its current value during the forecast period.
- Top companies held nearly 35 to 40% of the market in 2022.
- High Demand Segments:
- Interactive packaging/data carriers and active packaging will together hold around 72% of the market share over the next ten years.
- The rising need for user-friendly and high-quality packaging is driving demand in these segments.
- Industry-Specific Growth:
- The pharmaceutical industry’s need for pallet wrapping offers profitable opportunities for market expansion.
- The food and beverage industry continues to be the leading consumer of stretch wrappers, driven by the demand for safe and secure transportation of empty bottles and cans.
- Advanced Packaging Solutions:
- The market is seeing increased adoption of next-generation packaging solutions such as anti-microbial packaging.
- The rise in demand for track & trace packaging across the food & beverage industry is propelling intelligent packaging sales.
Trends Shaping the Intelligent Packaging Market:
- Track & Trace Packaging:
- Leading brands face significant losses due to counterfeit products and are turning to next-generation packaging solutions.
- Intelligent packaging solutions, such as electronically printed NFC labels, are gaining market acceptance. For instance, Coca-Cola has recently adopted NFC labels on its bottles.
- Sustainability and Consumer Engagement:
- The development of advanced packaging solutions with sustainable features is fostering market growth.
- There is a growing focus on improving consumer engagement through intelligent packaging, which enhances product and consumer safety by monitoring freshness and extending shelf life.
- Healthcare and Food & Beverage Applications:
- Rising applications across healthcare and food & beverage industries are boosting the global intelligent packaging industry.
- Intelligent packaging helps minimize the risk of spoilage for sensitive products by effectively sensing environmental changes and informing users.
- Technological Advancements:
- Packaging solutions like freshness indicators and time temperature indicators are gaining popularity.
- These indicators are technologically advanced to monitor and inform users about temperature changes during shipping and storage, reducing food and pharmaceutical product wastage.
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.
Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/13604
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.
Customize Your Report: https://www.futuremarketinsights.com/customization-available/rep-gb-13604
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
About Future Market Insights (FMI)
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
