openPR Logo
Press release

Smart Packaging Market Global Demand, Leading Players, Emerging Technologies, Applications, Development History and Analytical Insights Segmentation by Forecast to 2030

01-05-2022 08:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Smart Packaging Market

Smart Packaging Market

Smart Packaging Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Smart Packaging Market Research Report, Technology, Application and Region - Forecast till 2030” the market market size is projected to be worth USD 61.91 billion by 2030, registering a CAGR of 5.87% during the forecast period (2022 - 2030), The market was valued at USD 39.82 billion in 2021.

COVID-19 Pandemic to Positively Impact the Global Market

The COVID-19 pandemic has had a significant impact on key sectors; however, the demand for smart packaging is expected to grow. Fear about microbial strains, as well as a raging pandemic, is expected to drive demand for safe packaging solutions. Consumption of packaged and processed foods is expected to increase in the future years, which auger well for the sector. The increased awareness of the advantages of packaged goods over loose goods can increase demand for such solutions.

Restrictions on in-store buying and a preference for online purchasing can present a major opportunity for smart packaging manufacturers. Customers' need for digital experiences, as well as new ways to engage them, may fuel market demand. Brands can use the technology to appeal to customer tastes while also gaining data on their customers' patterns.

Get Free Sample PDF Brochure https://www.marketresearchfuture.com/sample_request/1981

List of the Key Companies Profiled in the Smart Packaging Market Research Report are:

Stora Enso (Finland)
AVERY DENNISON CORPORATION (U.S.)
BASF SE (Germany)
TempTime Corporation (U.S.)
Thin Film Electronics ASA (Norway)
Huhtamaki (Finland)
American Thermal Instruments (U.S.)
3M (U.S.)
R.R. Donnelly Sons & Company (U.S.)
Recent Developments

Avery Dennison is collaborating with Schreiner MediPharm and PragmatIC to use near-field communications (NFC) to bring smart packaging capabilities to daily pharma items. This can enhance the patient experience while also adding a layer of security to the products.

Friesl and Campina have partnered with Kezzler, a manufacturer of serialization technologies, to improve the packaging and traceability of its infant formula, Friso. The ability to track a product from farm to the consumer can alleviate customer concerns and increase product transparency.

iOlive has included NFC on its bottles to combat bogus claims and assure the authenticity of its olive oil bottles. The company's mobile application can catalog genuine products and protect customers against counterfeit products.

Browse In-depth Market Research Report (138 pages) on Smart Packaging

https://www.marketresearchfuture.com/reports/smart-packaging-market-1981

Increased Demand from Food & Beverage Industry

As the demand for processed quality food rises, the food and beverage industry is likely to boost market demand significantly. Integration of features for increasing product shelf life and preserving aroma and taste can augur well for the industry. Due to the constraints on transportation and the preference for home delivery of foods, ready-to-eat and serve products are anticipated to see a surge in demand during the pandemic. Investments in sustainable technologies, as a result of urban eating habits, will shape the worldwide smart packaging industry in the future years.

Advancement in Printed Electronics

Printed electronics embedded in smart packaging can be used to track assets throughout the logistics chain. The addition of freshness indicators, microbial growth indicators, gas detecting devices, and other features are likely to drive its adoption by various manufacturers. According to a study conducted by the Organic Electronics Association, printed electronics are anticipated to be mass-produced by 2021. This will almost certainly result in increased demand for smart packaging solutions. The introduction of electronic standards to integrate them across verticals has the potential to benefit the global industry. The use of digitalization in the transportation sector for asset tracking may broaden the scope of opportunities for the smart packaging market.

High Additional Costs of Products

The high additional costs of products as a result of functional integration and plastics manufacturing may limit market expansion. Investments in research and development for a cost-effective manufacturing method can help manufacturers and attract new customers. Furthermore, smart packaging disposal is a challenge for customers, with regulatory barriers impeding market expansion.

Speak to Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/1981

Market Segmentation
By Technology, Active Packaging to Lead the Global Market

Due to rising packaged goods demand, the active packaging segment is likely to increase rapidly throughout the projection period. This packaging is capable of controlling humidity levels, absorbing odors, and maintaining the proper conditions to prevent rotting. Rapid industrialization in India and China, along with a demand for better supply chain management, will drive up demand for active packaging in the coming years.

By Application, Food & Beverages to Dominate the Global Market

Due to the demand for fresh and healthy meals, the food and beverage industry is expected to dominate the global smart packaging market. Concerns about food shelf life and customer convenience may fuel the industry's demand for smart packaging. Compliance with the most recent food safety standards, information transparency, and brand protection are some of the perks luring food and beverage firms to the technology. The COVID-19 pandemic has functioned as a stimulus for protective food measures against hazardous microorganisms, as well as a stimulant for the demand for smart packaging.

Regional Analysis

APAC to Register Fastest Growth Rate

APAC is projected to register the highest growth rate for the forecast period owing to rising levels of health awareness among consumers. Customers' high disposable income levels, as well as their use of consumables and medicines, can increase the demand for smart packaging. RFID product integration, premiumization of categories, and environmental concerns are all expected to have a significant impact on regional market demand.

Request for Customization @ https://www.marketresearchfuture.com/ask_for_customize/1981
Segmentation of Market covered in the research:

Information by Technology (Active Packaging, Intelligent Packaging and Modified Atmosphere Packaging), By Application (Food & Beverage, Healthcare, Automotive, Personal Care and Others) and Region (North America, Europe, Asia-Pacific and Rest of the World)

Browse Related Reports:

Honeycomb Packaging Market - https://www.marketresearchfuture.com/reports/honeycomb-packaging-market-4868

Hot Drinks Packaging Market - https://www.marketresearchfuture.com/reports/hot-drinks-packaging-market-1821

Industrial Labels Market - https://www.marketresearchfuture.com/reports/industrial-labels-market-1848

Industrial Packaging Market - https://www.marketresearchfuture.com/reports/industrial-packaging-market-1897

Industrial Tape Market - https://www.marketresearchfuture.com/reports/industrial-tape-market-2805

In-Mold Labels Market - https://www.marketresearchfuture.com/reports/in-mold-labels-market-1790

Insulated Packaging Market - https://www.marketresearchfuture.com/reports/insulated-packaging-market-2549

Insulated Shipping Packaging Market - https://www.marketresearchfuture.com/reports/insulated-shipping-packaging-market-one-10100

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Packaging Market Global Demand, Leading Players, Emerging Technologies, Applications, Development History and Analytical Insights Segmentation by Forecast to 2030 here

News-ID: 2517498 • Views:

More Releases from Market Research Future

Americas Recycled Plastics Market: Opportunities For Higher Growth| Delta Plastics, UltrePET, Biocirculo
Americas Recycled Plastics Market: Opportunities For Higher Growth| Delta Plasti …
Global Americas Recycled Plastics Market Report from Market Research Forecast highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing Your Business with Market Size
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics. The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reaching USD 2.4 billion by 2030
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more. The Palm Methyl Ester Derivative Market Size was valued at USD 1.5
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 2032: Analysis by Segmentation, Competitors Analysis
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences. Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2

All 5 Releases


More Releases for Packaging

Personalized Packaging Market 2019 By Key Players: Owens Illinois, Salazar Packa …
Personalized Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Download PDF Sample of this Report @ http://www.supplydemandmarketresearch.com/home/contact/277379?ref=Sample-and-Brochure&toccode=SDMRCH277379&utm_source=S2 The following manufacturers are covered: Owens Illinois Salazar Packaging Design Packaging PrimeLine Packaging International Packaging Elegant Packaging Pak Factory ABOX Packaging ACG Ecopak CB Group SoOPAK Company Huhtamaki
E-Commerce Packaging Market by Top Key Players - Pioneer Packaging, Arihant pack …
E-commerce packaging involves the use of materials for safe packaging of products sold by the e-commerce industry. E-commerce packaging plays a vital role in the consumers' perception about the e-retailer. It also indicates the perceived value of the item received. Packaging reflects the value of shipment in the e-commerce supply chain, that is, better the packaging, better the product inside it. Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2904563 The E-Commerce
Luxury Packaging Market 2019 SWOT Analysis By Top Key Players; MW Luxury Packagi …
Luxury Packaging Market report provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. The company profiles of all the key players and brands that are dominating the Luxury Packaging Market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned
Global Luxury Packaging Market 2019 Top Key Players: MW Luxury Packaging, Progre …
Summary WiseGuyReports.com adds “Luxury Packaging Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database. This report provides in depth study of “Luxury Packaging Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Luxury Packaging Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as
Top Manufacturer in Luxury Packaging Market 2019: MW Luxury Packaging, Progress …
Luxury packaging is used for packaging and decorating high-end products.An increase in the luxury product consumption rate and the number of product launches in the fashion and cosmetic sectors are some major factors driving the market growth. The global Luxury Packaging market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives
Personalized Packaging Market 2025 | Design Packaging, Inc., PrimeLine Packaging …
As per the new market report published by Research Report Insights titled ‘Personalized Packaging Market’: Global Industry Analysis and Forecast 2017-2025’, global personalized packaging market attained a value worth US$ 25,577.9 Mn in 2017 and will possibly thrive at a promising CAGR of 5.1% over the forecast period (2017-2025). The global personalized packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury