Press release
Smart Packaging Market Size Forecasted To Achieve 32.95 Billion By 2029 With Steady Growth
Smart Packaging
What Is the Smart Packaging Market Size and Projected Growth Rate?
The smart packaging market size has grown strongly in recent years. It will grow from $23.89 billion in 2024 to $25.53 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increasing demand from the food and beverage industry, increasing concern of consumers, changing consumer behaviors, rising demand for perishable food products and pharmaceuticals, and stringent government policies on food safety.
The size of the smart packaging market is anticipated to experience robust growth in the coming years. The market is predicted to escalate to $32.95 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%. The expansion in the forecasted period can be credited to the increasing focus on sustainability, the surge of online shopping, a heightened requirement for advanced packaging solutions, a growing demand for robust and cutting-edge packaging technology, and the escalating demand for intelligent and functional packaging. The forecast period will likely see trends such as technological progress, the development of nanotechnology, the incorporation of biodegradable sensors and circuits, advancements in printed electronics, and the growing trend for personalization and customization.
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What Are the Major Segments in the Smart Packaging Market?
The smart packaging market covered in this report is segmented -
1) By Type: Modified Atmosphere Packaging (MAP), Active Packaging, Intelligent Packaging
2) By Material: Solid, Liquid,
3) By Application: Food And Beverages, Personal Care And Cosmetics, Pharmaceuticals, Electronics, E-commerce, Other Applications
Subsegments:
1) By Modified Atmosphere Packaging (MAP): Vacuum Packaging, Gas Flushing Packaging, Controlled Atmosphere Packaging
2) By Active Packaging: Oxygen Scavengers, Moisture Absorbers, Antimicrobial Agents, Ethylene Absorbers
3) By Intelligent Packaging: Time-Temperature Indicators, Radio Frequency Identification (RFID) Tags, Quick Response (QR) Codes, Smart Labels
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What Are The Driving Smart Packaging Market Evolution?
The escalation of the e-commerce industry is anticipated to spur the expansion of the smart packaging marketplace. The term e-commerce industry pertains to the online exchange of goods and services through digital platforms like websites, mobile applications, and online trading places. The acceleration of the e-commerce industry is linked to the rising usage of digital payments that offer consumers secure, quick, and simple transaction alternatives, improving the overall purchasing experience. This booming e-commerce industry amplifies the need for smart packaging which bolsters product safeguarding, confirmation, and live tracking, guaranteeing an improved customer experience. To illustrate, data from the Department of Commerce's Census Bureau, a governmental body in the US, stated that total e-commerce sales in 2024 were projected around $1,192.6 billion, signifying a growth of 8.1% (±1.1) from 2023. As such, the thriving e-commerce sector propels the expansion of the smart packaging marketplace.
Which Firms Dominate The Smart Packaging Market Segments?
Major companies operating in the smart packaging market are BASF SE, Sysco Corporation, 3M Company, WestRock Company, International Paper Company, Amcor plc, Ball Corporation, Crown Holdings Inc., Stora Enso Oyj, Smurfit Kappa Group plc, Mondi plc, DS Smith Plc, Avery Dennison Corporation, Sappi Limited, Sonoco Products Company, Zebra Technologies Corporation, Sealed Air Corporation, Huhtamäki Oyj, E Ink Holdings Inc., Multisorb Technologies Inc., Schreiner Group GmbH & Co. KG, Identiv Inc., Pragmatic Semiconductor Ltd., Scanbuy Inc., Timestrip Ltd., Varcode Inc., Insignia Technologies Ltd., Touchcode (T+Ink), Keep-it Technologies AS, Tetra Pak Group.
What Trends Are Expected to Dominate the Smart Packaging Market in the Next 5 Years?
Key players in the smart packaging market, such as Sealed Air Corporation, are innovating their technologies to increase packaging efficiency and improve product authentication. This includes utilizing advanced digital printing technologies, which offer high-speed, precise printing capabilities that can produce custom, data-driven, variable packaging designs. These designs often incorporate features like serialization, QR codes, and real-time tracking to improve both functionality and branding. For instance, Sealed Air Corporation, a United States packaging firm, recently introduced Prismiq, a digital packaging brand in April 2022. Prismiq includes design services, digital printing, and smart packaging solutions, integrating digital technologies like unique digital IDs and connectivity to boost packaging functionality and consumer engagement. The Prismiq 5540, a digital printing system designed for precision printing on flexible materials, is a highlight of Prismiq's offering, enhancing customization and efficiency in packaging production.
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Which Is The Largest Region In The Smart Packaging Market?
North America was the largest region in the smart packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Packaging Market?
2. What is the CAGR expected in the Smart Packaging Market?
3. What Are the Key Innovations Transforming the Smart Packaging Industry?
4. Which Region Is Leading the Smart Packaging Market?
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