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Smart Food Packaging Market Projected to Reach $35.69 Billion by 2029 | Key Players are Amcor plc, Mondi, Sealed Air, Berry Global Inc., THE TETRA LAVAL GROUP, Crown, and 3M

01-13-2025 10:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

MarketsandMarkets

Smart Food Packaging Market by Type (Active Packaging, Intelligent Packaging, Modified Atmosphere Packaging, Edible Packaging), Application, Functionality, Material and Region - Global Forecast to 2029
The [https://www.marketsandmarkets.com/Market-Reports/smart-food-packaging-market-103797679.html] is estimated at USD 26.42 billion in 2024 and is projected to reach USD 35.69 billion by 2029, at a CAGR of 6.2% from 2024 to 2029. The study "Active Packaging in the Food Industry", published in October 2024, explores the growing significance of active packaging in response to changing consumer demands and market trends. Unlike traditional packaging, which is designed to be inert, active packaging interacts with the product and its environment to extend shelf life and maintain food quality. This can involve incorporating additives into packaging systems, such as oxygen and ethylene scavengers, antimicrobial agents, antioxidants, and flavor-absorbing or releasing compounds. Intelligent packaging systems, like time-temperature indicators and gas detectors, are also discussed, emphasizing the importance of consumer acceptance for the commercial success of these technologies. The study reviews key mechanisms used in active packaging, including oxygen scavengers, which reduce the presence of oxygen in food packaging by using iron-based or ascorbic acid-based systems. These methods help maintain product freshness by limiting oxidative damage. Carbon dioxide-generating systems are also used to suppress microbial growth, particularly in meat, poultry, fish, and cheese packaging. Furthermore, ethylene scavengers are vital for extending the shelf life of fruits and vegetables by controlling ripening processes.

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Other applications discussed include the use of flavor and odor absorbers/releasers, which enhance the sensory properties of packaged food, and antimicrobial packaging that inhibits microbial growth to ensure food safety. The potential of nanotechnology to develop new and more effective active and intelligent packaging solutions is highlighted, paving the way for further innovations in the food packaging industry. This study underscores the need for advanced packaging technologies to meet consumer demand for fresh, safe, and high-quality food products and their critical role in prolonging shelf life and improving food safety.

Smart Food Packaging Market Opportunities [https://www.prnewswire.com/news-releases/smart-food-packaging-market-worth-35-69-billion-by-2029--exclusive-report-by-marketsandmarkets-302347769.html]: Adoption of AI and Big Data for Real-Time Analytics

The integration of AI, machine learning, and big data analytics into the smart food packaging industry is revolutionizing how manufacturers and retailers monitor product conditions and analyze consumer behavior. By utilizing these technologies, companies can gain real-time insights into critical factors such as temperature, freshness, and spoilage risks, enabling them to respond quickly to any issues and prevent product waste. This also opens up opportunities for predictive analytics, which can forecast future trends, optimize packaging designs, and streamline supply chain operations. For instance, manufacturers can use data to anticipate demand fluctuations, ensuring optimal inventory management, while retailers can better understand consumer preferences, tailoring packaging and marketing strategies to drive sales. These insights ultimately lead to reduced costs, improved supply chain efficiency, and minimal waste, providing a significant competitive advantage in the marketplace.

The Meat, Poultry & Seafood is the having a largest share within the application sector of the smart food packaging market.

Due to growing global demand, meat, poultry, and seafood accounts for the highest market share of application in the smart food packaging market. Its needs lie in extending shelf life, safety, and traceability. As per data provided by the USDA from October 2024, Brazil dominates global chicken meat exports during 2025 as the production will be 11.8 million tons. Australia's poultry production will increase by 2 percent to 2.6 million tons, as high global demand is expected. Beef exports from Australia will also reach a record 1.9 million tons in the year, as its demand increases in the US. These trends point towards the increasing international meat trade and export opportunities.

Increased production and exports require more advanced smart packaging technologies, such as modified atmosphere packaging and active packaging, for freshness, less food waste, and greater safety. This will fuel innovation and adoption of smart packaging solutions, especially in global markets like East Asia and North America.

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The active packaging segment holds significant market share in the smart food packaging market during the forecasted period 2024-2029.

Active food packaging accounts for a major market share in the smart food packaging industry, which is mainly attributed to the quality improvement, safety, and shelf life that active packaging can offer. Technologies, including oxygen scavengers, moisture absorbers, and antimicrobial agents, respond to some of the most important consumer needs related to freshness and reduction of food waste.

It is primarily gaining adoption across key industries, including meat, poultry, seafood, and dairy, where growing concerns about global food safety and sustainability are driving growth. Additionally, increasing export of perishable food products, particularly in North America, Europe, and Asia-Pacific, further supports the increasing demand for active packaging. As manufacturers look for more innovative ways to meet their regulatory requirements and consumer demands, active packaging will maintain its position in the market.

Europe has a significant share in the smart food packaging market.

The growth of the food and beverage industry in Europe is a major driving force for the smart food packaging market, which is motivated by the increasing demand for advanced packaging solutions that would ensure food safety, traceability, and extended shelf life. According to European Commission data (March 2024), the food and drinks industry generates ~USD 245 billion (227 billion) in added value and employs 4.6 million people, making it the EU's largest manufacturing sector in terms of jobs and value. SMEs are over 99% of businesses in this ecosystem. The sector has also recorded a food trade surplus, with exports doubled over the last decade to exceed ~USD 196 billion (182 billion), contributing a positive balance of nearly ~USD 32 billion (30 billion). These strong figures, combined with growing trade opportunities and EU Single Market benefits, are driving demand for smart food packaging technologies to support efficient, sustainable, and competitive food supply chains.

Leading Smart Food Packaging Companies [https://www.marketsandmarkets.com/ResearchInsight/smart-food-packaging-market.asp]:

The report profiles key players such as Amcor plc (Switzerland), Mondi (UK), Sealed Air (US), Berry Global Inc. (US), Toyo Seikan Group Holdings, Ltd. (Japan), THE TETRA LAVAL GROUP (Switzerland), Crown (US), 3M (US), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Multisorb (US), Huhtamaki Oyj (Finland), Timestrip UK LTD (UK), Stepac (Israel), Checkpoint Systems, Inc. (US), and Novipax Buyer, LLC (US).

Amcor plc (Switzerland)

Amcor Plc, headquartered in Switzerland, is a global leader in packaging solutions, offering a diverse portfolio of flexible packaging, rigid containers, specialty cartons, closures, and packaging equipment. Serving industries like food, beverages, healthcare, and personal care, Amcor operates across 212 sites in 40 countries, including Europe, North America, and Asia-Pacific. The company emphasizes innovation and sustainability, delivering high-performance, eco-friendly packaging to meet diverse consumer and industrial needs. In August 2024, Amcor launched AmFiber Performance Paper in North America, a curbside-recyclable, high-barrier paper packaging solution. This active packaging innovation offers enhanced barrier properties and easy recyclability, aligning with consumer demand for sustainable packaging while maintaining operational efficiency. Additionally, Amcor's IMPRESSIONS technology, introduced in November 2021, integrates QR codes or logos into closure liners, enabling interactive consumer engagement. These advancements position Amcor as a frontrunner in the smart food packaging market, enhancing functionality, sustainability, and digital connectivity.

Mondi (UK)

Mondi Limited is a global leader in innovative and sustainable paper and multi-packaging solutions, with operations spanning the entire value chain from wood cultivation to advanced packaging. The company serves diverse markets, including Consumer and Retail, where its Flexible Packaging segment delivers smart food packaging solutions. Mondi focuses on providing recyclable, compostable, and environmentally friendly packaging tailored to customer needs across North America, Europe, Asia, and Africa. In December 2022, Mondi collaborated with FRESH!PACKING to launch the Fresh!Bag, a recyclable kraft paper cooler bag made from renewable materials, addressing the growing demand for sustainable food packaging. Additionally, the company opened FlexStudios in Steinfeld, Germany, a state-of-the-art innovation hub for advancing eco-friendly flexible packaging solutions.

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