Emergen Research latest document, titled ‘Global Smart Packaging Market - Forecast to 2030,’ is one of the most sought-after market reports involving an in-depth analysis of the global Smart Packaging market. The report’s authors have offered necessary details on the latest Smart Packaging market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Smart Packaging industry entails useful insights into the estimated Smart Packaging market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcome in the near future. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Smart Packaging market.
The global smart packaging market size was USD 24.87 Billion in 2022 and is expected to register a steady revenue CAGR of 5.1% during the forecast period, according to latest analysis by Emergen Research. The Smart Packaging market has witnessed significant growth in recent years, driven by the increasing demand for advanced packaging solutions that offer enhanced functionality and value-added features. Smart packaging refers to packaging systems that incorporate technologies such as sensors, indicators, and tracking devices to monitor and provide information about the product's condition and quality throughout the supply chain. It offers benefits such as real-time tracking, temperature monitoring, tamper detection, and interactive consumer experiences.
According to a report by the United Nations Conference on Trade and Development (UNCTAD), the global market for smart packaging is expected to reach a value of $48.8 billion by 2025, with a compound annual growth rate (CAGR) of 8.1%. This growth is driven by factors such as the increasing adoption of IoT (Internet of Things) technologies, the rise of e-commerce, and the growing demand for sustainable packaging solutions.
One of the key drivers of the Smart Packaging market is the growing emphasis on product safety and quality. Smart packaging technologies enable real-time monitoring of various parameters such as temperature, humidity, and pressure, ensuring that products are stored and transported under optimal conditions. This is particularly crucial for perishable goods, pharmaceuticals, and sensitive electronics. By providing accurate and timely information about the product's condition, smart packaging helps reduce waste, minimize spoilage, and maintain product integrity, thereby enhancing consumer trust and satisfaction.
The increasing consumer demand for convenience and personalized experiences is another major driver of the Smart Packaging market. Smart packaging technologies enable interactive features such as augmented reality, QR codes, and near-field communication (NFC), allowing consumers to access additional product information, promotions, and personalized content through their smartphones or other devices. This creates opportunities for brands to engage with consumers on a deeper level, strengthen brand loyalty, and gather valuable consumer insights. Moreover, smart packaging can facilitate the integration of e-commerce and brick-and-mortar retail experiences, enabling seamless and personalized shopping experiences.
However, there are also certain restraints and challenges that the Smart Packaging market faces. One of the primary restraints is the high cost associated with implementing smart packaging solutions. The integration of sensors, connectivity, and data management systems can increase the overall packaging costs, especially for low-margin consumer products. Moreover, the complexity of smart packaging technologies and the need for specialized expertise in data analysis and interpretation can pose challenges for small and medium-sized enterprises (SMEs) in adopting these solutions.
Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Smart Packaging business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Smart Packaging market growth assessed on both regional and global levels.
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Market Scope:
One of the report’s central components is the broad Smart Packaging market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Smart Packaging market players.
Highlights of the TOC:
Report Overview
1.1 Research Scope
1.2 Key Smart Packaging market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Smart Packaging market size
2.2 Latest Smart Packaging market trends
2.3 Key growth trends
Competitive Landscape
3.1 Global Smart Packaging market key players
3.2 Global Smart Packaging size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Smart Packaging market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Key geographical areas:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Leading Players Profiled in the Report:
3M, Ball Corporation, AVERY DENNISON CORPORATION, BASF SE, Crown Holdings Inc., R.R. Donnelley & Sons Company, International Paper, Stora Enso, Zebra Technologies Corp., and Amcor plc
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Product Type Segmentation & Application Segmentation:
Type Outlook (Revenue, USD Billion; 2019-2032)
Active Packaging
Intelligent Packaging
Modified Atmospheric Packaging (MAP)
Material Outlook (Revenue, USD Billion; 2019-2032)
Solid
Liquid
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Food & Beverage (F&B)
Healthcare
Automotive
Personal Care
Others
Key questions addressed in the report:
What are the key factors driving the global Smart Packaging market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global Smart Packaging market?
What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
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