Active Smart Intelligent Packaging Market
Active Smart Intelligent Packaging Market Forecasts to 2030 - Global Analysis By Product Type (Smart & Intelligent Packaging, Active Packaging and Other Product Types), Technology, Material Process, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $13.3BN |
|
Projected Year Value (2030) |
US $23.6 BN |
|
CAGR (2023 - 2030) |
8.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Active Smart Intelligent Packaging Market is accounted for $13.3 billion in 2023 and is expected to reach $23.6 billion by 2030 growing at a CAGR of 8.5% during the forecast period. Active smart intelligent packaging integrates sensors, indicators, and data communication capabilities into packaging materials. These technologies monitor and report on the condition of packaged products in real-time, such as freshness, temperature, or damage. This innovation revolutionizes product traceability, ensures compliance with regulations, and fosters consumer trust. Active smart intelligent packaging represents a proactive approach to improving product quality, safety, and sustainability throughout the entire supply chain.
According to the Food and Agriculture Organization of the United States, in the United States, an estimated 133 billion pounds of food, at a value of USD 161 billion, is wasted yearly. Efforts to reduce food waste are multifaceted and include increased diversion of food to food banks, education and outreach, and efforts to standardize date markings on food labels.
Market Dynamics:
Driver:
Increasing consumer awareness regarding food safety
Heightened awareness about food borne illnesses and contaminants prompts consumers to prioritize products with enhanced safety measures. Smart packaging technologies, such as temperature sensors and tamper-evident seals, assure consumers of product quality and integrity, leading to increased demand. Consumers are increasingly seeking transparency in food packaging, wanting to know where their food comes from, how it's produced, and if it's safe to consume. This drives the adoption of smart packaging solutions that provide real-time information about product freshness, origin, and safety features.
Restraint:
Complex integration processes and compatibility issues
Complex integration processes often require specialized expertise and resources, leading to higher implementation costs for companies adopting smart packaging solutions. Difficulty in integrating smart packaging technologies with existing systems may hinder innovation and the development of new functionalities. This can deter small and medium-sized enterprises (SMEs) from investing in these technologies, limiting market growth.
Opportunity:
Innovations in sensors, RFID tags, and data analytics
Advanced sensors integrated into packaging enable real-time monitoring of various parameters such as temperature, humidity, pressure, and even gas composition. This ensures better preservation of product quality and freshness, reducing spoilage and waste. By providing detailed insights into supply chain operations, data analytics helps identify inefficiencies, optimize inventory management, and streamline logistics processes. This leads to cost savings, improved delivery times, and enhanced overall supply chain efficiency.
Threat:
Absence of standardized protocols and regulations
Without standardized protocols, different smart packaging systems may not communicate effectively with each other or with existing infrastructure. Companies may wait for clear regulatory guidance or industry standards before committing to significant investments in these technologies, slowing down market growth and innovation. This lack of interoperability complicates integration efforts and limits the seamless exchange of data across the supply chain, hindering efficiency and effectiveness.
Covid-19 Impact
Increased demand for packaged goods, particularly in e-commerce, has boosted adoption. Smart packaging solutions offering features like temperature monitoring and freshness indicators have gained prominence. However, supply chain disruptions and economic uncertainties have hindered market expansion to some extent. Overall, the pandemic has underscored the importance of smart packaging in ensuring product quality and safety, leading to sustained market growth despite challenges.
The smart & intelligent packaging segment is expected to be the largest during the forecast period
The smart & intelligent packaging segment is estimated to have a lucrative growth, because smart packaging technologies enable real-time tracking and monitoring of products throughout the supply chain, facilitating inventory management, logistics optimization, and counterfeit detection. By enhancing traceability and visibility, intelligent packaging solutions help streamline operations, reduce costs, and mitigate risks, thereby fostering the adoption of active smart intelligent packaging solutions by manufacturers and retailers.
The active cooling systems segment is expected to have the highest CAGR during the forecast period
The active cooling systems segment is anticipated to witness the highest CAGR growth during the forecast period, Active cooling systems help optimize supply chain processes by ensuring the integrity of temperature-sensitive products during storage, transportation, and distribution. By reducing the risk of temperature excursions and product losses, active cooling technologies enable more efficient inventory management, logistics planning, and waste reduction. This increased efficiency translates into cost savings for manufacturers, retailers, and logistics providers, incentivizing the adoption of active smart intelligent packaging solutions equipped with active cooling capabilities.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the Key players in the Asia Pacific active smart intelligent packaging market include multinational companies as well as regional players specializing in packaging solutions. These companies often invest in research and development to innovate new packaging technologies and improve existing ones to meet the evolving needs of consumers and regulatory requirements and in the pharmaceutical sector, smart packaging solutions are being used to monitor medication adherence, prevent counterfeiting, and ensure the integrity of sensitive drugs.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the owing to the favorable regulatory landscape, growing emphasis on sustainability, and increasing demand for active and intelligent packaging across various end-user segments, especially the food and healthcare industry. Moreover, the growth of intelligent packaging in the food industry is significantly attributed to government efforts, as beyond reducing food waste or helping to ensure food safety, intelligent packaging also can track the location and condition of food.
Key players in the market
Some of the key players in the Active Smart Intelligent Packaging Market include 3M Company, Amcor Plc, Ball Corporation, CCL Industries Inc., Coveris Holdings S.A., Crown Holdings, Inc., Cryolog S.A., Eastman Chemical Company, Landec Corporation, LCR Hallcrest LLC, Multisorb Technologies, Inc., Paksense Incorporated, Sealed Air Corporation, Sysco Corporation, Temptime Corporation, Thin Film Electronics ASA, Timestrip UK Ltd., Varcode, Ltd. And Vitsab International AB
Key Developments:
In April 2024, 3M launches new Verify app to help tackle counterfeit personal protective equipment. Instead they are made by fraudsters using unknown processes and materials without quality control. Depending on the type of product, using a counterfeit product could put a person's safety at risk.
In March 2024, 3M introduces a world's first innovation to help redefine shipping and packaging. This innovative material uses proprietary padding technology and brings disruptive change to the shipping industry
In February 2024, Amcor collaborates with Stonyfield Organic and Cheer Pack North America to launch first all-PE spouted pouch. The collaboration pairs three leaders in sustainability to innovate a first-to-market solution that provides a more sustainable package without compromise on performance.
Product Types Covered:
• Smart & Intelligent Packaging
• Active Packaging
• Other Product Types
Technologies Covered:
• Near Field Communication
• Quick Response Codes
• Gas Flush Systems
• Active Cooling Systems
• Coding & Markings
• Printed Electronics
• Other Technologies
Materials Covered:
• Paper
• Plastic
• Glass
• Corrugated Board
• Metal
• Other Materials
Applications Covered:
• Beverage Packaging
• Food Packaging
• Pharmaceutical Packaging
• Healthcare Products Packaging
• Personal Care Product Packaging
• Electronic Goods Packaging
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Active Smart Intelligent Packaging Market, By Product Type
5.1 Introduction
5.2 Smart & Intelligent Packaging
5.2.1 RFID Tags
5.2.2 Time-Temperature Indicators (TTIs)
5.2.3 Gas Sensors
5.2.4 Biosensors
5.3 Active Packaging
5.3.1 Moisture Absorbers
5.3.2 Oxygen Scavengers
5.3.3 Ethylene Absorbers
5.3.4 Antimicrobial Packaging
5.4 Other Product Types
6 Global Active Smart Intelligent Packaging Market, By Technology
6.1 Introduction
6.2 Near Field Communication
6.3 Quick Response Codes
6.4 Gas Flush Systems
6.5 Active Cooling Systems
6.6 Coding & Markings
6.7 Printed Electronics
6.8 Other Technologies
7 Global Active Smart Intelligent Packaging Market, By Material
7.1 Introduction
7.2 Paper
7.3 Plastic
7.4 Glass
7.5 Corrugated Board
7.6 Metal
7.7 Other Materials
8 Global Active Smart Intelligent Packaging Market, By Application
8.1 Introduction
8.2 Beverage Packaging
8.3 Food Packaging
8.4 Pharmaceutical Packaging
8.5 Healthcare Products Packaging
8.6 Personal Care Product Packaging
8.7 Electronic Goods Packaging
8.8 Other Applications
9 Global Active Smart Intelligent Packaging Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 3M Company
11.2 Amcor Plc
11.3 Ball Corporation
11.4 CCL Industries Inc.
11.5 Coveris Holdings S.A.
11.6 Crown Holdings, Inc.
11.7 Cryolog S.A.
11.8 Eastman Chemical Company
11.9 Landec Corporation
11.10 LCR Hallcrest LLC
11.11 Multisorb Technologies, Inc.
11.12 Paksense Incorporated
11.13 Sealed Air Corporation
11.14 Sysco Corporation
11.15 Temptime Corporation
11.16 Thin Film Electronics ASA
11.17 Timestrip UK Ltd.
11.18 Varcode, Ltd.
11.19 Vitsab International AB
List of Tables
1 Global Active Smart Intelligent Packaging Market Outlook, By Region (2021-2030) ($MN)
2 Global Active Smart Intelligent Packaging Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Active Smart Intelligent Packaging Market Outlook, By Smart & Intelligent Packaging (2021-2030) ($MN)
4 Global Active Smart Intelligent Packaging Market Outlook, By RFID Tags (2021-2030) ($MN)
5 Global Active Smart Intelligent Packaging Market Outlook, By Time-Temperature Indicators (TTIs) (2021-2030) ($MN)
6 Global Active Smart Intelligent Packaging Market Outlook, By Gas Sensors (2021-2030) ($MN)
7 Global Active Smart Intelligent Packaging Market Outlook, By Biosensors (2021-2030) ($MN)
8 Global Active Smart Intelligent Packaging Market Outlook, By Active Packaging (2021-2030) ($MN)
9 Global Active Smart Intelligent Packaging Market Outlook, By Moisture Absorbers (2021-2030) ($MN)
10 Global Active Smart Intelligent Packaging Market Outlook, By Oxygen Scavengers (2021-2030) ($MN)
11 Global Active Smart Intelligent Packaging Market Outlook, By Ethylene Absorbers (2021-2030) ($MN)
12 Global Active Smart Intelligent Packaging Market Outlook, By Antimicrobial Packaging (2021-2030) ($MN)
13 Global Active Smart Intelligent Packaging Market Outlook, By Other Product Types (2021-2030) ($MN)
14 Global Active Smart Intelligent Packaging Market Outlook, By Technology (2021-2030) ($MN)
15 Global Active Smart Intelligent Packaging Market Outlook, By Near Field Communication (2021-2030) ($MN)
16 Global Active Smart Intelligent Packaging Market Outlook, By Quick Response Codes (2021-2030) ($MN)
17 Global Active Smart Intelligent Packaging Market Outlook, By Gas Flush Systems: (2021-2030) ($MN)
18 Global Active Smart Intelligent Packaging Market Outlook, By Active Cooling Systems (2021-2030) ($MN)
19 Global Active Smart Intelligent Packaging Market Outlook, By Coding & Markings (2021-2030) ($MN)
20 Global Active Smart Intelligent Packaging Market Outlook, By Printed Electronics (2021-2030) ($MN)
21 Global Active Smart Intelligent Packaging Market Outlook, By Other Technologies (2021-2030) ($MN)
22 Global Active Smart Intelligent Packaging Market Outlook, By Material (2021-2030) ($MN)
23 Global Active Smart Intelligent Packaging Market Outlook, By Paper (2021-2030) ($MN)
24 Global Active Smart Intelligent Packaging Market Outlook, By Plastic (2021-2030) ($MN)
25 Global Active Smart Intelligent Packaging Market Outlook, By Glass (2021-2030) ($MN)
26 Global Active Smart Intelligent Packaging Market Outlook, By Corrugated Board (2021-2030) ($MN)
27 Global Active Smart Intelligent Packaging Market Outlook, By Metal (2021-2030) ($MN)
28 Global Active Smart Intelligent Packaging Market Outlook, By Other Materials (2021-2030) ($MN)
29 Global Active Smart Intelligent Packaging Market Outlook, By Application (2021-2030) ($MN)
30 Global Active Smart Intelligent Packaging Market Outlook, By Beverage Packaging (2021-2030) ($MN)
31 Global Active Smart Intelligent Packaging Market Outlook, By Food Packaging (2021-2030) ($MN)
32 Global Active Smart Intelligent Packaging Market Outlook, By Pharmaceutical Packaging (2021-2030) ($MN)
33 Global Active Smart Intelligent Packaging Market Outlook, By Healthcare Products Packaging (2021-2030) ($MN)
34 Global Active Smart Intelligent Packaging Market Outlook, By Personal Care Product Packaging (2021-2030) ($MN)
35 Global Active Smart Intelligent Packaging Market Outlook, By Electronic Goods Packaging (2021-2030) ($MN)
36 Global Active Smart Intelligent Packaging Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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