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Intelligent Packaging Market Research Report - Forecast to 2030

Intelligent Packaging Market Information: by product (Gas Scavengers, Corrosion Control Packaging, Moisture Control Packaging, Subsector Packaging, QR Code, and others), Application (Food & Beverages, Pharmaceuticals, Automotive, Electronics, and others), and Region - Forecast to 2030

ID: MRFR/PNT/1467-HCR | February 2021 | Region: Global | 111 pages

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Intelligent Packaging Market overview:


 


Intelligent packaging is generally used to monitor, trace, interact, and manage the safety and quality of the product. Intelligent packaging is also used to minimize human errors, preserve illness because of the consumption of rotten food, and decrease costs


 


The intelligent packaging market size is anticipated to reach USD 11.083 and register a CAGR of 10.59% during the forecast period.


 


This effective intelligent packaging technique has seen the quickest growth due to high potential properties and valid output which represent a future market trend of the intelligent packaging system. The increasing demand in the packaging industry is a major driving factor market growth. 


 


COVID 19 Analysis:


 


The pandemic outbreaks almost impact all the industrial and business sectors around the world. But, some of the positive impacts also occur during the pandemic times those are the healthcare sector and global pharmaceutical are witnessed as huge growth and modern innovations. The increasing production of oxygen cylinders for the transportation of vaccines, and also intelligent packaging market trend played a major role in forming an industry. Intelligent packaging assured a better-quality product reach and consumer safety through QR code embedded labels, and cold chain, tag packaging sensors.


 


The pandemic can be held accountable for the insights of intelligent packaging in the pharmaceutical & healthcare sectors. Even though, limited branding options and less marketing also encouraged food & beverage producers to wisely advertise their products and materials through packaging systems. With the user guide manual to social awareness during the covid-19, everything was projected via smart packaging and intelligent packaging to the customers. The intelligent packaging market analysis provides many insights about the packaging sector and the application properties to the customers.


 


Market dynamics:


 


Market drivers:


 


Intelligent Packaging Market growth is expected to rise vastly throughout the forecast period. The rise in demand might be driven by extremely emerging and new technological advancements such as smartphone marketing codes, immediate response, and electronics in the sector of packaging.


 


Cost-effective and efficient wrapping services are developed by market players to survive in the business market. The international intelligent packaging market trend and market size are anticipated to grow owing to the increasing demand for multi-specialty wrapping with the subjective of retaining nutritional & health value and freshness quality in the products at affordable competitive prices.


 


The complication of products, innovation in packaging systems, and investments in R & D are some of the key drivers of the market share. The increasing consumer preference for comfort food is driving the need for intelligent packaging market services, thus raising the intelligent packaging market growth during the forecast period.


 


Market opportunities:


 


The rise in the demand to track the products during transportation and assure product safety and product delivery are the major factors enhancing the need for intelligent packaging solutions. Additionally, the increasing market trend of eCommerce and online shopping is also intensifying the demand for the market intelligent packaging as distributors are constantly trying to enhance their product providing through various ways like services, packaging, and faster delivery.


 


The monitoring progress of the goods through the supply chain and the brand could priorly identify the issues. Also, it ensures product authentication and safety precaution of the product. Government and administrations of various countries involved in the intelligent packaging market take many efforts to promote and explore the packaging industries such as food and beverages, pharmaceutical and healthcare sectors, and others.


 


Market Restraints:


 


Intelligent packaging solution is quite expensive compared to traditional packaging solution is the main factor hindering the rise of the intelligent packaging market growth. Increasing concerns about the circumstances and execution of several regulations and norms regarding the usage of plastics for packaging sectors are restraining the rise of the intelligent packaging market trend.


 


Food safety issues are rising quickly as customers are turning more aware of the quality of their food. Additionally, the international governments have announced strict food safety conditions & policies because of, many cases in the previous across the regions selling inappropriately packaged food to consumers. The consumption of that food could lead to major health consequences like food poisoning or stomach upset. Therefore, governments have made stringent policies in the sector of product packaging. These are other factors that hamper the growth of the market.


 


Market challenges:


 


The two major factors recognized are legislative perspectives and customer views. Regarding the former, it is mentioned that the establishment of particular legislation for intelligent packaging in the European Union exists later than in the United States, Japan, and Australia. This is derived from the comparatively broader use of those applications in modern countries. 


 


The cause of customers’ hesitation towards intelligent packaging services is recognized as the less acceptance of non-digestible items present in the food product severally from the food package on its own, and care about the risks corresponding with the imprudent release of elements from intelligent devices which directly contact with food products. The customers are also worried and bothered that the food quality data is delivered. Those intelligent devices might conclusively be misleading.


 


Cumulative growth analysis:


 


Intelligent packaging solutions are structured to communicate and monitor the condition of food packed or modification in the circumstances outside or inside the package. The growth of the intelligent packaging market size was driven by the increasing use of application of active packaging, owing to the demand to monitor the activities of the food packaging products.The intelligent packaging market size was USD 6.059 billion in the year 2019 and is anticipated to reach USD 11.083 and register a CAGR of 10.59% during the forecast period.


 


Intelligent packaging is often known as a packaging system utilized in foods, pharmaceuticals, variety of other product types. The use of intelligent packaging expands the shelf life, enhances safety, displays data on quality, monitors its freshness periodically, and also boosts user comfort systems. Traditional packaging denotes issues regards to protection from exterior factors. Therefore, intelligent packaging is broadly used by packaging manufacturers to retain the freshness of the food product and the value of nutrition at market price. Increasing urban population combined with changing lifestyles has a consequence in rising demand for ready-to-consume and packed food. The intelligent packaging market trend increases due to its rising demand.


 


Value chain analysis:


 


This type of intelligent packaging carries functions like sensing, communicating, detecting, tracking, recording, and spreading scientific logic combine with extended shelf life, enhanced quality of food safety, and all required information. There are several intelligent packaging systems like indicators, identification type, radiofrequency, and sensors with a target to trace & find and communicate information about the packaged condition of the food product. Assure that the cost of an intelligent packaging solution is responsible for a reduced part of an entire packaging cost, overcome the basic difficulties in transforming the laboratory trial to industrial production, enable consolidation of various functions within a single device.


 


The monitoring progress of the goods through the supply chain and the brand could priorly identify the issues. Also, it ensures product authentication and safety precaution of the product. Government and administrations of various countries involved in the intelligent packaging market take many efforts to promote and explore the packaging industries such as food and beverages, pharmaceutical and healthcare sectors, and others.


 


Segment overview:


 


Based on Segment:


 


Product


Application


Region


 


Based on Product:


 



  • Moisture Control Packaging

  • Corrosion Control Packaging

  • Gas Scavengers

  • QR Code

  • Subsector Packaging

  • Others


 


Based on Application:


 



  • Pharmaceuticals

  • Electronics

  • Automotive

  • Food & Beverages

  • Other


 


Based on Region:


 



  • Europe

  • North America

  • South America

  • Middle East & Africa

  • Asia-Pacific


 


Regional analysis:


 


The international market is classified on the premise of geography: Asia Pacific, Europe, North America, and the EMEA. North America is funding the largest share of the international market because of the rising demand for frozen and packaged food. 


 


Additionally, changing preferences in government regulations correspond to the sector of food packaging, increasing demand for quality food packaging to longer shelf life, and target to minimize food wastage. Those factors are driving the intelligent packaging market around the region. Countries like China, India, and South Korea are anticipated to increase the market growth.


 


Competitive landscape:


 



  • TempTime Corporation (U.S)

  • International Paper (U.S)

  • 3M (U.S)

  • Avery Dennison (U.S)

  • Stora Enso (Finland)

  • Huhtamaki Group (Finland)

  • PakSense (U.S)

  • BASF SE (Germany)

  • American Thermal Instruments (U.S)

  • Thin Film Electronics ASA (Norway)

  • R.R. Donnelly Sons & Company (U.S)


 


Recent developments:


 


In the year 2021, JRI Company, an American firm, declared to extend its manufacturing capacity by assimilation of the Lab guard 3D tool into its JRI-My Sirius services and solutions.


 


In the year 2020, Delta Trak Inc., a dominating innovator of cold chain administration and temperature tracking solutions, declared launching customized and personalized vaccine temperature tracking solutions, which are congruent with the triple temperature profiles that demand the transport, handling, and storehouse of COVID-19 vaccines.


 


Report overview:


 


This report has covered:


 



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   2030: Substantial CAGR
  Base Year   2021
  Forecast Period    2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   3M (U.S.), TempTime Corporation (U.S.), PakSense (U.S.), American Thermal Instruments (U.S.), Avery Dennison (U.S.), R.R. Donnelly Sons & Company (U.S.), BASF SE (Germany), International Paper (U.S.), Stora Enso (Finland), Thin Film Electronics ASA (Norway), Huhtamaki Group (Finland), and Smartrac N.V. (The Netherlands)
  Key Market Opportunities

  • Effective packaging methodology
  • Increasing consumption of food & beverages, pharmaceuticals, automotive, electronics and industries
  •   Key Market Drivers

  • Reduce human errors
  • Prevent sickness due to consumption of spoiled food
  • Reduce cost


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    Frequently Asked Questions (FAQ) :

    The players operating in the intelligent packaging market are 3M (U.S.), PakSense (U.S.), TempTime Corporation (U.S.), American Thermal Instruments (U.S.), R.R. Donnelly Sons & Company (U.S.), Avery Dennison (U.S.), BASF SE (Germany), Huhtamaki Group (Finland), Stora Enso (Finland), International Paper (U.S.), Thin Film Electronics ASA (Norway), and Smartrac N.V. (The Netherlands).

    The product based segments of the intelligent packaging market are QR code, gas scavengers, moisture control packaging, corrosion control packaging, susceptor packaging, and others.

    The gas scavengers segment is projected to hold the maximum share of the intelligent packaging market.

    By application, the segments are electronics, food & beverages, automotive, pharmaceuticals, and others.

    North America is presumed to dominate the intelligent packaging market.

    What is the market size of the Intelligent packaging market during the forecast period?