Smart Packaging Market Report 2023 (Global Edition)

Global Smart Packaging Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Smart Packaging Industry growth. Smart Packaging market has been segmented with the help of its Technology, End User Material, and others. Smart Packaging market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Technology Segment Analysis of Smart Packaging Market:

Among the technology, the market is segmented into active packaging, intelligent packaging and modified atmosphere packaging (MAP). The intelligent packaging segment is expected to contribute significant CAGR in global market, owing to it uses embedded sensors to monitor product temperature or humidity levels.

The modified atmosphere packaging (MAP) segment is expected to largest revenue share in the global market. This is attributed to longer shelf life, better control of the product, better manufacturing capacity and other advantages.

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End User Market: Application Segment Analysis

Among the application, the market is segmented into food & beverages, healthcare, automotive, personal care and others. The food & beverages segment accounts for higher revenue share in the market, due to their flexible, durable, and lightweight properties. Automotive segment is expected to significant growth rate in the global market over the forecast period. Increasing use of RFID tags in the automotive industry to improve production efficiency is expected to fuel the demand during the forecast period. In addition, growing use of RFID tags in the automotive for asset tracking and supply chain management is anticipated to propel the industry growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Smart Packaging market report 2023 Edition by contacting our team.

Smart Packaging Material Segment Analysis

By Material, the smart packaging market is segmented into glass, paper, plastic and metals. The plastic segment among the material segments accounted for higher revenue share during the study as compared to other material segments. This is attributed to several benefits offers such as water stronger material, resistance, lightweight, higher flexibility in sizing and shaping plastic over other materials. Though, increased environmental concerns and plastic pollution are reducing demand to some extent. On the other hand, plastic is becoming more and more popular in developing nations across the world because of its affordability, accessibility, and excellent barrier qualities against gas and moisture, among other things.

• Glass
• Paper
• Plastic
• Metals

Asia Pacific Smart Packaging Market dominates overall market:

The Asia Pacific smart packaging market dominates the global market and projected to witness significant growth during the forecast period. This is attributed to growing number of manufacturing industries and growing retail sector are factors driving growth of the global market. Moreover, rising consumer awareness about as food safety and hygiene, rising disposable income and adoption of RFID and NFC technologies are factors expected to bolster demand for smart packaging and drive growth of the global market.

Market in North America expected to witness a significant revenue share in the global market in the near future, followed by Europe, due to increasing demand for ready-to-eat food inn the countries in the region. Europe smart packaging market is expected to hold a substantial share of the market.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

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Recent Developments:

In March 2022
Lenor, a brand of Procter & Gamble, has announced a shift in sustainable packaging trends. Instead of using opaque bottles, it will now use transparent ones with built-in digital watermarking, which will facilitate recycling and help the company meet its sustainability objectives.

May 2022
Prismiq, a digital packaging company owned by Sealed Air, was established and offers a variety of design services, digital printing, and smart packaging options. It improves products and consumer engagement while removing waste and superfluous packaging. End-to-end cloud-based platform from Sealed Air creates package-specific digital IDs that gather and manage data along the value chain.

February 2022
Foxpak Flexibles Ltd. (Foxpak) was purchased by Sealed Air Corporation in order to grow its digital smart packaging solutions for top international brands. Foxpak is a pioneer in flexible packaging digital printing. This privately held packaging solutions provider with headquarters in Ireland works with leading brands to provide exquisite packaging for a range of served markets, including pet food, food retail, seafood, and snacks.

September 2021
The AD Maxdura Tire Tag was introduced by Avery Dennison Corporation for the tyre sector. With the help of the new product, it is now simpler to identify tyres in warehouses and dealerships and to follow them down along the logistical chain.

August 2021
The organic wine from Zai Urban Winery was introduced in beverage cans. As the brand's partner for manufacturing and designing the six distinctive cans, which feature high-quality graphics and a luxury appearance, luring a younger audience, Crown Bevcan Europe & Middle East (Crown) was charged with bringing this visually captivating story to life. Each of the 250 ml cans of the winery's organic wines has six unique qualities attached to it.

April 2021
The first eco-friendly RFID for use with microwaves was unveiled by Stora Enso. It aids in item-level labelling and prepared foods.

May 2021
BASF joined the "Holy Grail 2.0" Digital Watermark Initiative for smart packaging recycling. The European Brands Association, BASF, and more than 120 businesses and organisations from the packaging value chain collaborated on the project under the auspices of AIM in order to demonstrate the viability of digital watermarking technologies for precise sorting and the business case on a large scale.

Top Companies Market Share in Smart Packaging Industry: (In no particular order of Rank)

• Jones Packaging Inc.
• Amcor Ltd.
• Ball Corp.
• Tetra Pak International S.A.
• Basf Se
• Bemis Co. Inc.
• Campden Bri
• Dai Nippon Printing Co. Ltd.
• 3M Company
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