Smart Packaging Market Analysis, Size, Growth and Forecast 2025

Summary

Global Smart Packaging Market Analysis Information by Technology (Active Packaging, Intelligent Packaging, and Modified Atmosphere Packaging), Application (Food & Beverage, Healthcare, Automotive, Personal Care, and Others), Region (North America, Europe, Asia-Pacific, Rest of the World)—Forecast till 2025

Smart Packaging Market Analysis Synopsis

The Smart packaging market analysis is a very dynamic market and is expected to witness high growth over the forecast period. The growth of such packaging is influenced by increased demand from food & beverage industry, growing demand from pharmaceutical industry, and increased government policies regarding food safety. However, high added cost of products, lack of willingness from consumers and retailers, and lack of marketing are expected to hinder the growth.

The global smart packaging market is expected to reach market size of USD 46.74 billion by the end of 2022. It is expected to grow at 5.16% CAGR during the forecast period.

Smart Packaging Market Analysis has witnessed a tectonic surge in the past few years. Packaging technologies have witnessed innovations due to the changing preferences of the consumers.

On the contrary, the high cost associated with these smart packaging is considered to restrict the growth of the market during the forecast period.

Competitive Dashboard

The prominent players operating in this region comprises

TempTime Corporation

3M Company (U.S.)

American Thermal Instruments

PakSense Inc.

R.R. Donnelly Sons & Company

Avery Dennison Corporation

International Paper

BASF SE

Huhtamaki Group

Stora Enso, and Smartrac N.V.

Smart Packaging Market: Segmental Analysis

The global Smart Packaging Market Analysis has been segmented on the basis of technology and application.

The technology segment of smart packaging consists of active, MAP, and intelligent. Among these, the modified atmosphere packaging (MAP) assists in extending the shelf life of fresh food items. The technology enables the replacement of the atmospheric air inside a package along with a protective gas mix. The gas further keeps the food intact and fresh for a long time. It also allows fresh processed packaged food items on order to maintain the texture, visual, and nutritional appeal.

By mode of application, the global Smart Packaging Market Analysis has been segmented into automotive, food & beverages, personal care, healthcare, and others. Among these, the food & beverage segment is predicted to show significant growth rate as they are extensively used to maintain the shelf life of the perishable products.

Regional Insights

Geographically, the Smart Packaging Market Analysis has been studied under regions namely, Asia Pacific, Europe, North America, and the Middle East & Africa.

Considering the global scenario, the North American region is anticipated to lead the global Smart Packaging Market Analysis due to the extension of shelf life, surging investment activities in R&D, product innovation, and reduction of food waste the regional market is gaining huge prominence. Canada and the US are considered important country-specific markets in this region.

Europe bags the second position in the global market due to the high population density. Government imposed strict laws owing to environmental concerns which is triggering the demand for smart packaging in this region. Germany, France, Spain, Italy, and the UK are the major country-specific markets in this region.

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