Pune, India, January 11, 2017 /MRFR Press Release/- According to MRFR analysis, the global smart packaging market is set for substantial growth, fueled by increasing consumer demand for sustainable solutions and ongoing technological advancements. Valued at USD 32.34 billion in 2023, the market is expected to reach USD 70.0 billion by 2035, registering a CAGR of 6.65% between 2025 and 2035.

Smart Packaging Market Highlights

The smart packaging market has been growing over the past few years. Smart packaging is used for food & beverages, personal care, healthcare, and automotive products. Rising health awareness, technological advancement, increased shelf life and rising industrialization fueled the demand of the market. High research and development cost is expected to hamper the growth of the market in coming years.

Drivers

Market Research Analysis

It is expected that the global smart packaging market will advance with higher growth rate as compared to previous years. The market is highly application based. Personal care and automotive sectors are expected to grow fast over the forecasted period. However, food & beverage is the largest sector for smart packaging. On the basis of technology, active packaging accounted for the largest market share. European region is the leading market, majorly due to laws favoring smart packaging.

Global Smart Packaging by Application in 2015 (%)

Scope of the Report

This study provides an overview of the global smart packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global smart packaging market as technology and application. On the basis of technology it is segmented as active packaging, intelligent packaging and modified atmosphere packaging. On the basis of application it is widely used in food & beverage, health care, personal care and automotive industries.

Key Players

The key players of the global smart packaging market include- 3M Company, Temp Time Corporation, PakSense, American Thermal Instruments, Avery Dennison, R.R. Donnelly Sons & Company, BASF SE, International Paper, Stora Enso, Huhtamaki Group and Smartrac N.V.

Browse Full Report Details @ Smart Packaging Market Size