Smart Packaging Market Expanding at a CAGR of 6.05% during 2024-2032

IMARC Group's report titled "𝐒𝐦𝐚𝐫𝐭 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 (𝐌𝐨𝐝𝐢𝐟𝐢𝐞𝐝 𝐀𝐭𝐦𝐨𝐬𝐩𝐡𝐞𝐫𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠, 𝐀𝐜𝐭𝐢𝐯𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠, 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠), 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 (𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬, 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞, 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞, 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐜𝐚𝐫𝐞, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐". The global smart packaging market size reached US$ 35.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 60.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.05% during 2024-2032.

Factors Affecting the Growth of Smart Packaging Industry:

• Technological Advancements in Packaging Materials and Sensors:
One of the primary drivers behind the rapid growth of the global smart packaging market is the continuous advancements in packaging materials and sensor technologies. Traditional packaging has evolved significantly over the years, transitioning from simple containers to more sophisticated solutions. Smart packaging takes this evolution a step further by incorporating advanced materials and sensors. New materials such as conductive inks, smart films, and printable electronics have enabled packaging to become interactive and responsive. These materials are integrated into packaging designs to monitor various factors, such as product freshness, temperature, and tampering. Sensors can detect changes in the environment, ensuring the safety and quality of the enclosed products.

• Increasing Consumer Demand for Information and Convenience:
Another significant factor driving the growth of the smart packaging market is the increasing consumer demand for information and convenience. Modern consumers are more conscious about the products they purchase, seeking transparency and authenticity in their choices. They want to know about the sourcing, quality, and environmental impact of the products they consume. Smart packaging addresses this demand by providing consumers with real-time information about the products they buy. For instance, QR codes on food packaging can lead consumers to detailed information about ingredients, allergens, and nutritional facts. This transparency builds trust and also helps consumers make informed decisions.

• Sustainability and Environmental Concerns:
Sustainability is a critical driver in the global smart packaging market. As environmental concerns and regulations related to packaging waste and carbon footprint intensify, businesses are seeking innovative ways to reduce their impact. Smart packaging plays a significant role in achieving sustainability goals. Many smart packaging solutions are designed with eco-friendly materials and optimized designs that minimize waste. For instance, packaging with embedded sensors can help extend the shelf life of products, reducing food and product waste. Additionally, the ability to track and trace products throughout the supply chain can lead to more efficient logistics and inventory management, further reducing environmental impact.

Leading Companies Operating in the Global Smart Packaging Industry:
• Abbott Laboratories
• Amway
• Dymatize Enterprises LLC (BellRing Brands)
• Glanbia PLC
• GNC Holdings Inc. (Harbin Pharmaceutical Group)
• Herbalife International of America Inc.
• Iovate Health Sciences Inc.
• Makers Nutrition LLC
• Melaleuca Inc.
• Nestlé S.A
• Quest Nutrition LLC (Atkins Nutritionals Holdings Inc.)
• Weider Global Nutrition LLC

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/smart-packaging-market/requestsample

Smart Packaging Market Report Segmentation:

By Technology:
• Modified Atmosphere Packaging
• Active Packaging
o Antimicrobial
o Gas Scavengers
o Moisture Control
o Corrosion Control
• Intelligent Packaging
o Indicators
o Tracking Devices
Modified atmosphere packaging dominates the market as it offers an effective solution for extending the shelf life of a wide range of products, including food items, by adjusting the gas composition within the packaging, thereby reducing spoilage and maintaining product freshness.

By Industry Vertical:
• Food and Beverages
• Automotive
• Healthcare
• Personal care
• Others
Food and beverages hold maximum number of shares due to its universal consumer appeal and the pressing need for enhanced safety and freshness monitoring in this sector, which smart packaging technologies effectively address.

Market Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂:https://www.imarcgroup.com/smart-packaging-market/requestsample

Global Smart Packaging Market Trends:
The rise in e-commerce activities and online shopping has led to an increased demand for smart packaging solutions. Smart packaging plays a crucial role in optimizing last-mile delivery by providing real-time tracking information to both consumers and delivery providers. This enhances the overall consumer experience by offering transparency, reducing delivery times, and minimizing the risk of package theft. Additionally, stringent regulations related to product safety, authenticity, and traceability have become more prevalent across various industries, such as pharmaceuticals and food. Smart packaging helps companies comply with these regulations by providing a comprehensive record of journey of a product from manufacturing to the end consumer. This ensures product integrity, reduces the risk of counterfeiting, and enhances regulatory compliance.

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐎𝐭𝐡𝐞𝐫 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐏𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩 :

• https://www.imarcgroup.com/deep-fryer-market
• https://www.imarcgroup.com/riot-control-system-market
• https://www.imarcgroup.com/mixed-signal-ic-market
• https://www.imarcgroup.com/automotive-multi-wheel-drive-market
• https://www.imarcgroup.com/oncology-injectables-market

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