Global Internet of Packaging Market is predicted to reach USD 29.1 Billion at a CAGR of 5.80% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Internet of Packaging Market” that contains information from 2022 to 2032. The Global Internet of Packaging Market is estimated to register a CAGR of 5.80% during the forecast period of 2022 to 2032.


MRFR recognizes the following companies as the key players in the Global Internet of Packaging Market: Wiliot, Tetra Pak, Scanbuy Inc., Kezzler, Identiv Inc., Tapwow, Sepio Products, CuePath Innovation Designs, Insignia Technologies, RePack, ImpaX.io, Qtrust, and Iungo.


Market Highlights


The Global Internet of Packaging Market is accounted to register a CAGR of 5.80% during the forecast period and is estimated to reach USD 29.1 Billion by 2032.


The Internet of Packaging (IoP) refers to the integration of digital technologies and smart capabilities into traditional product packaging. It is an emerging concept that aims to transform conventional packaging into intelligent, connected, and interactive systems. By incorporating sensors, communication devices, and data analytics, IoP enables packaging to collect, transmit, and exchange information with other devices or systems over the internet. The primary goal of the Internet of Packaging is to enhance various aspects of the packaging industry and supply chain by providing real-time data, improving visibility, and optimizing the overall packaging process.


Segment Analysis


The Global Internet of Packaging Market has been segmented based on Technology, and Packaging Type


Based on Technology, the market is segmented into Barcode & QR Code, Sensors & Tags, Radio Frequency Identification, Near Field Communications, and Indicators. In 2022, the near field communications segment emerged as the dominant player in the global market. Near field communications (NFC) tags offer exciting possibilities to enhance the intelligence and interaction of everyday objects, including packaging. These NFC tags can be seamlessly integrated into packaging and provide customized, location-specific, and dynamic content, thanks to their unique identifiers for each item rather than just the item type.


Based on Packaging Type, the Market has been segmented Boxes & Cartons, Bottles & Jars, Films & Wraps, Mailers, Bags, Tubes, Pouches, Blisters, and Others. The boxes & cartons segment took the lead in the global market in 2022. Boxes and cartons are commonly used to package a wide range of products. The integration of Internet of Packaging technology into this packaging type enables seamless sensing, tracing, recording, detecting, and delivery of crucial information about the current state of the product.


Based on End User, the Market has been segmented Food & Beverages, Healthcare, Personal Care & Cosmetics, Homecare, Consumer Electronics, Logistics & Transport, Apparel & Accessories, Sport & Retail, and others. In 2022, the food & beverages segment emerged as the dominant force in the Internet of Packaging Market. The incorporation of Internet of Packaging technologies in this sector has proven to be highly effective in preventing food theft, swiftly addressing food safety violations, and providing consumers with essential product information.


Regional Analysis


The Global Internet of Packaging Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Internet of Packaging Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Internet of Packaging Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Internet of Packaging Market comprises of Middle East, Africa, and Latin America.


In 2022, the North America Internet of Packaging Market took the lead, commanding a substantial share of 45.80%. This dominant position can be attributed to the region's growing inclination towards adopting Internet of Packaging solutions over traditional packaging methods, as well as the widespread availability of reliable Internet connectivity.


In 2022, the Europe Internet of Packaging market captured a substantial market share, indicating a healthy presence of the technology in the region. Predictions suggest that the European market for Internet of Packaging will experience significant revenue growth during the forecast period, primarily due to the strong presence of leading industry players in the region.


The Asia Pacific Internet of Packaging market is anticipated to register remarkable growth from 2023 to 2032. Factors contributing to this growth include changing lifestyles, a rising demand for advanced packaging solutions, and an increasing need for product traceability in the region. The growth is further propelled by a burgeoning clientele and the surging e-commerce shipments in emerging economies like China and India, which favor the adoption of Internet of Packaging technologies.


Key Findings of the Study



  • The Global Internet of Packaging Market is expected to reach USD 29.1 Billion by 2032, at a CAGR of 5.80% during the forecast period.

  • North American markets, reflecting the increasing adoption and recognition of the value provided by Internet of Packaging solutions in the Canadian packaging sector.

  • Based on Technology, the Market has been segmented into Barcode & QR Code holding the largest market in 2022.

  • Cold Chain Technologies, Peli BioThermal, Orora Group, Sonoco ThermoSafe, CREOPACK, Sofrigam, Intelsius, Nordic Cold Chain Solutions, Tempack, Cryopa, Softbox Systems, and Sealed Air Corporation.


Read About This Report: Internet of Packaging Market Size

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Companies Covered 15
Pages 128
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