Smart Packaging Market Research Report - Global Forecast 2030

Smart Packaging Market Research Report Information By Technology (Active Packaging, Intelligent Packaging and Modified Atmosphere Packaging), By Application (Food & Beverage, Healthcare, Automotive, Personal Care and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

ID: MRFR/PNT/1449-CR | 138 Pages | Author: Tejas Chaudhary | March 2023         

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Global Smart Packaging Market Overview


Smart Packaging Market Size was valued at USD 41 Billion in 2022. The Smart Packaging industry is projected to grow from USD 53 Billion in 2023 to USD 62 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2030). Most companies are only now starting to recover. Well, the companies in the smart packaging industry suffered the exact opposite fate. Many people were staying at home. They were ordering food items online. Hence, the need for smart packaging increased since people expected their food items to be packaged in as sanitary packaging as possible are the key market drivers enhancing market growth.
Smart Packaging Market Overview
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Smart Packaging Market Trends




  • Increasing Demand from Food & Beverage Industry to boost market growth




The increasing demand from the food and beverage industry is one of the key drivers of the smart packaging market. Smart packaging is a type of advanced packaging technology that incorporates various features such as sensors, indicators, and labels that can provide information about the product inside the package. In the food and beverage industry, smart packaging can be used to monitor the freshness and quality of the product, track its location during transportation, and provide information about the nutritional value and ingredients to the consumer. This can help to improve the safety and quality of the product and enhance the consumer experience.


Furthermore, the increasing demand for convenience and sustainable packaging solutions is also driving the growth of the smart packaging market. Smart packaging can be used to create innovative and eco-friendly packaging solutions that are both functional and attractive to consumers. Therefore, such factors related to Smart Packaging have enhanced the Smart Packaging market CAGR across the globe in recent years.


Smart Packaging Market Segment Insights


Smart Packaging Technology Insights


The Smart Packaging market segmentation, based on technology, includes Active Packaging, Intelligent Packaging and Modified Atmosphere Packaging. The Intelligent Packaging segment held the majority share in 2022 of the Smart Packaging market revenue. Intelligent Packaging refers to packaging technology that incorporates features such as sensors, RFID tags, and printed electronics to provide real-time information about the product inside the package.


Smart Packaging Application Insights


Based on application, the Smart Packaging market segmentation includes Food & Beverage, Healthcare, Automotive, Personal Care and Others. The Food & Beverage segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. This is due to the increasing demand for smart packaging solutions that can help to improve the safety and quality of food products, reduce waste, and enhance the consumer experience. The use of smart packaging in the food and beverage industry can help to ensure that products are fresh and safe to consume, reduce spoilage and waste, and provide consumers with information about the product's origin, ingredients, and nutritional value. These all factors for Smart Packaging positively impact the market growth.


Figure 2: Smart Packaging Market, by Technology, 2022 & 2030 (USD Billion)
Smart Packaging Market, by Technology
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Smart Packaging Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is expected to enjoy the highest growth in the smart packaging market during the forecast period. The increasing demand for food and beverage products in the region, the growing e-commerce industry, and the rising adoption of advanced packaging technologies in various end-use industries. Furthermore, the Asia-Pacific region is home to several major economies such as China, India, Japan, and South Korea, which are expected to drive the growth of the smart packaging market in the region. These economies have a large population, increasing disposable income, and a growing middle class, which is driving the demand for packaged food and beverage products.


Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil


Figure 3: SMART PACKAGING MARKET SHARE BY REGION 2022 (%)
SMART PACKAGING MARKET SHARE BY REGION
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe’s Smart Packaging market accounts for the third-largest market share. This is due to the increasing demand for innovative and eco-friendly packaging solutions in the region, driven by the growing consumer awareness about sustainability and the environment. Moreover, the presence of several major players in the region, including Amcor plc, Smurfit Kappa Group, and Sonoco Products Company, is also contributing to the growth of the smart packaging market in Europe. Further, the Germany Smart Packaging market held the largest market share, and the UK Smart Packaging market was the fastest-growing market in the European region.


North America, Smart Packaging market, is expected to grow at the fastest CAGR from 2023 to 2030. The report attributes this growth to several factors, including the increasing demand for sustainable packaging solutions, the growing e-commerce industry, and the adoption of advanced packaging technologies in various end-use industries. Moreover, the U.S. Smart Packaging market held the largest market share, and the Canada Smart Packaging market was the fastest-growing market in the North American region.


Smart Packaging Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the Smart Packaging market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Smart Packaging industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Smart Packaging. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Smart Packaging industry must offer affordable products.


Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Smart Packaging industry to benefit customers and expand the market sector. Major Smart Packaging market players, including Stora Enso, AVERY DENNISON CORPORATION, BASF SE, TempTime Corporation, Thin Film Electronics ASA, Huhtamaki, American Thermal Instruments, Zai Urban Winery's, 3M, and R.R. Donnelly Sons & Company, and others, are attempting to increase market demand by funding R&D initiatives.


Stora Enso is a Finnish-Swedish company that operates in the renewable materials industry, producing products such as pulp, paper, and packaging materials. Stora Enso's product portfolio includes a wide range of sustainable packaging solutions, including corrugated packaging, paper-based packaging, and biodegradable materials.


Avery Dennison Corporation is a manufacturer and distributor of labeling and packaging materials, adhesive solutions, and RFID tags. Avery Dennison's product portfolio includes a wide range of labeling and packaging materials, including pressure-sensitive labels, graphics and reflective materials, and packaging solutions. The company is committed to promoting sustainability in its operations and products, and its sustainability strategy is focused on four areas: responsible sourcing, eco-innovation, energy and emissions, and social responsibility.


List of the Key Companies in the Smart Packaging market includes




  • Stora Enso




  • AVERY DENNISON CORPORATION




  • BASF SE




  • TempTime Corporation




  • Thin Film Electronics ASA




  • Huhtamaki




  • American Thermal Instruments




  • 3M




  • Zai Urban Winery's




  • R.R. Donnelly Sons & Company among others




Smart Packaging Industry Developments


August 2021: Zai Urban Winery has announced the launch of organic wines in Crown beverage cans.


Smart Packaging Market Segmentation


Smart Packaging Technology Outlook



Smart Packaging Application Outlook




  • Food & Beverage




  • Healthcare




  • Automotive




  • Personal Care




  • Others




Smart Packaging Regional Outlook




  • North America




    • US




    • Canada






  • Europe




    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe






  • Asia-Pacific




    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World




    • Middle East




    • Africa




    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 41 Billion
Market Size 2023 USD 53 Billion
Market Size 2030 USD 62 Billion
Compound Annual Growth Rate (CAGR) 6.00% (2023-2030)
Base Year 2022
Market Forecast Period 2023-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Technology, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Stora Enso, AVERY DENNISON CORPORATION, BASF SE, TempTime Corporation, Thin Film Electronics ASA, Zai Urban Winery's , Huhtamaki, American Thermal Instruments, 3M, and R.R. Donnelly Sons & Company
Key Market Opportunities Advances in Printed Electronics
Key Market Dynamics Increasing Demand from Food & Beverage Industry Increasing Demand from pharmaceutical industry Stringent government policies on food safety




Frequently Asked Questions (FAQ) :

The Smart Packaging market size was valued at USD 41 Billion in 2022.

The market is projected to grow at a CAGR of 6.00% during the forecast period, 2023-2030.

Asia Pacific had the largest share in the Smart Packaging market.

The key players in the market are Stora Enso, AVERY DENNISON CORPORATION, BASF SE, TempTime Corporation, Thin Film Electronics ASA, Huhtamaki, American Thermal Instruments, 3M, and R.R. Donnelly Sons & Company.

The intelligent packaging category dominated the market in 2022.

Food & beverages had the largest share in the market for Smart Packaging.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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