Smart Packaging Market

Global Smart Packaging Market by Technologies (Active Packaging, Intelligent Packaging, and Modified Atmosphere Packaging), Applications (Food & Beverage, Healthcare, Automotive, and Personal Care), and Regions, (Europe, North America, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2028

  • Report ID: MC-231
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 167
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global smart packaging market is projected to expand at a high CAGR during the forecast period. Smart packaging is a system that is capable of carrying out intelligent functions such as detecting, sensing, recording, tracing, and communicating to facilitate decision-making and extend shelf life, enhance safety, improve quality, provide information, and warn about possible problems.

Smart packaging is an extension of the communication function of traditional packaging that contains external or internal indicators to provide information about the history of the package and the quality of the food or any other items. It facilitates premium pricing, supply chain management, brand protection, and waste reduction.

Global Smart Packaging Market Key Takeaways

Market Trends, Drivers, Restraints, and Opportunities:

  • Changing lifestyle of the urban population has increased the demand for ready-to-eat food products, thus fueling the growth of the market during the forecast period.
  • Rising use of wireless technologies with smart packaging is likely to drive the demand for smart packaging.
  • The growth for the market is attributed to the exploration of nanotechnology in various food & beverage applications, demand for shelf-stable and sustainable packaging solutions among food & beverage retailers and manufacturers, and increasing consumption of packaged food products.
  • Developments in printing processes in various industries are driving the market. There have been numerous scientific studies on printed electronics and RFID technology, which creates an outline for the potential progress of smart packaging applications.
  • Increasing demand for healthy, safe, and hygienic food products is estimated to fuel the market.
  • Soaring R&D investments to decrease the carbon footprint is expected to propel the market during the forecast period.
  • Flexible plastics have high raw material prices, which is estimated to hamper the market growth.
  • New techniques of disposing smart packaging and regulatory hurdles by the government poses a difficulty for customers. This is expected to hamper the market growth.

Scope of the Report:

The report on the global smart packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (Active Packaging, Intelligent Packaging, and Modified Atmosphere Packaging), Applications (Food & Beverage, Healthcare, Automotive, and Personal Care)

Regional Scope

Europe, North America, Asia Pacific, Latin America, and Middle East & Africa

E Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

Stora Enso, Avery Dennison Corporation, BASF SE, TempTime Corporation, Thin Film Electronics ASA, Huhtamaki, American Thermal Instruments, 3M, and R.R. Donnelly Sons & Company

Market Segment Insights:

Active packaging segment to dominate the market
On the basis of technologies, the global smart packaging market can be divided into active packaging, intelligent packaging, and modified atmosphere packaging. The active packaging segment can be sub-segmented into gas scavenger, corrosion control packaging, and moisture control packaging. The intelligent packaging segment can be classified as time temperature indicator, gas indicator, thermochromic ink, radio-frequency identification (RFID) & barcode, and near-field communication (NFC). The active packaging segment is anticipated to account for a key share of the market, in terms of revenue, owing to its moisture control and corrosion protection properties. The intelligent packaging segment is estimated to grow significantly, due to rising use of RFIDs, ability to change immediate product environment, and improvements in human interface.

Global Smart Packaging Market By Technology

Food & beverages and healthcare segments expected to grow at a considerable CAGR
In terms of applications, the market can be classified as food & beverage, healthcare, automotive, and personal care. Rising use of smart packaging in healthcare segment due to their durable, flexible, and lightweight properties is anticipated to fuel the segment growth. Growing importance given to preserving the quality and protecting the packaged products, from the time they are manufactured to the time they are consumed, is estimated to boost the segment growth.

Global Smart Packaging Market By Application

Asia Pacific to account for a key share of the market
Based on regions, the global smart packaging market can be segregated into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is estimated to grow, due to the rise in consumer awareness regarding issues such as food safety and hygiene. Manufacturers in the region plan to adopt RFID and NFC technologies that allow the firms to track their shipments and combat counterfeiting of products. Rising demand for ready-to-eat food, especially in North America drives the market in the region. Europe is projected to hold a substantial share of the market, due to the implementation of the European Commission laws that favor smart packaging over conventional packaging.

Global Smart Packaging Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Packaging Market - Supply Chain
  4.5. Global Smart Packaging Market Forecast
     4.5.1. Smart Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Packaging Market Absolute $ Opportunity
5. Global Smart Packaging Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Smart Packaging Market Size and Volume Forecast by Applications
     5.3.1. Food & Beverage
     5.3.2. Healthcare
     5.3.3. Automotive
     5.3.4. Personal Care
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Smart Packaging Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Packaging Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Packaging Demand Share Forecast, 2019-2026
7. North America Smart Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Packaging Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Packaging Market Size and Volume Forecast by Applications
     7.4.1. Food & Beverage
     7.4.2. Healthcare
     7.4.3. Automotive
     7.4.4. Personal Care
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Packaging Demand Share Forecast, 2019-2026
8. Latin America Smart Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Packaging Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Packaging Market Size and Volume Forecast by Applications
     8.4.1. Food & Beverage
     8.4.2. Healthcare
     8.4.3. Automotive
     8.4.4. Personal Care
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Packaging Demand Share Forecast, 2019-2026
9. Europe Smart Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Packaging Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Packaging Market Size and Volume Forecast by Applications
     9.4.1. Food & Beverage
     9.4.2. Healthcare
     9.4.3. Automotive
     9.4.4. Personal Care
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Packaging Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Packaging Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Packaging Market Size and Volume Forecast by Applications
     10.4.1. Food & Beverage
     10.4.2. Healthcare
     10.4.3. Automotive
     10.4.4. Personal Care
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Packaging Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Packaging Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Packaging Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Packaging Market Size and Volume Forecast by Applications
     11.4.1. Food & Beverage
     11.4.2. Healthcare
     11.4.3. Automotive
     11.4.4. Personal Care
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Packaging Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Packaging Market: Market Share Analysis
  12.2. Smart Packaging Distributors and Customers
  12.3. Smart Packaging Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Stora Enso
     12.4.2. Avery Dennison Corporation
     12.4.3. BASF SE
     12.4.4. TempTime Corporation
     12.4.5. Thin Film Electronics ASA
     12.4.6. Huhtamaki
     12.4.7. American Thermal Instruments
     12.4.8. 3M
     12.4.9. R.R. Donnelly Sons & Company
Segments Covered in the Report:
The global smart packaging market can be divided on the basis of technologies, applications, and regions.
Technologies
  • Active Packaging
  • Intelligent Packaging
  • Modified Atmosphere Packaging
Applications
  • Food & Beverage
  • Healthcare
  • Automotive
  • Personal Care
Regions
  • Europe
  • North America
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • Stora Enso
  • Avery Dennison Corporation
  • BASF SE
  • TempTime Corporation
  • Thin Film Electronics ASA
  • Huhtamaki
  • American Thermal Instruments
  • 3M
  • R.R. Donnelly Sons & Company

Major players of the global smart packaging market are Stora Enso, Avery Dennison Corporation, BASF SE, TempTime Corporation, Thin Film Electronics ASA, Huhtamaki, American Thermal Instruments, 3M, and R.R. Donnelly Sons & Company.

Global Smart Packaging Market By Key Players

Buy Report