Smart Packaging Market size was valued at US$ 39.68 Bn in 2022 and the total revenue is expected to grow at 4.56% through 2023 to 2029, reaching nearly US$ 54.23 Bn.
Smart Packaging Market Overview
Maximize Market Research's new report on the Global Smart Packaging Market 2023-2029 is a valuable resource for understanding the market's competitors and gaining key business insights. The report provides a comprehensive overview of the market, including its value chain structure, geographical analysis, applications, market size, and forecast (2023-2029). This information can be used to make more informed decisions about the current and future state of the global Smart Packaging market.
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Smart Packaging Market Scope
The report focuses on the key factors that are driving and restraining the growth of the Smart Packaging market, as well as the competitive landscape and future prospects. It provides insights into the current and future market trends, demand chain, supply chain, and sales, as well as recent changes in the market.
The report also includes company profiles of the key players in the Smart Packaging market, including their overview, financial performance, product portfolio, and strategies. It also uses SWOT and PESTLE analysis to provide a comprehensive view of the market.
Smart Packaging Market Segmentation
According to Packaging Technology, the largest share of the market in 2022 went to modified atmosphere packaging. This segment's huge proportion is mostly due to the rising demand for high-quality, freshly packed foods such bread, fruits, vegetables, processed meat, fish, and shellfish, as well as dairy products.
Modified atmosphere packaging is becoming more and more necessary in the market due to factors including increasing economies, the on-the-go lifestyle, and the shift toward handy and easy-to-handle packaging. Conversely, the market for intelligent packaging is anticipated to expand at the quickest clip during the course of the projection.
The pharmaceutical segment is expected to grow at the highest rate over the forecast period, with a predicted CAGR of xxx%, based on application. This area is growing at an exponential rate due to advances in the pharmaceutical industry as well as the greater integration of barcodes, RFID, and sensor technologies to monitor information such as medicine doses, expiration dates, and consumption. But in 2022, the food and beverage industry accounted for the lion's share of the market.
1 Global Smart Packaging Market, by Packaging Technology (2022-2029)
•Active Packaging
o Oxygen Scavenger
o Moisture Scavengers
o Antibacterial Films
o Others
•Intelligent Packaging
•Indicators
•Sensors
o Bio Sensors
o Gas Sensors
•Data Carriers
o Barcodes
o RFID Tags
2 Global Smart Packaging Market, by Application (2022-2029)
•Food & Beverages
•Pharmaceuticals
•Automotive
•Personal Care
•Others
3 Global Smart Packaging Market, by Material (2022-2029)
• Solid
• Liquid
4 Global Smart Packaging Market, by Level of Packaging (2022-2029)
• Primary Packaging
• Secondary Packaging
• Tertiary Packaging
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Smart Packaging Market Key Players
1. 3M
2. Avery Dennison Corporation
3. American Thermal Instruments
4. Temptime Corporation
5. Smartrac N.V.
6. BASF SE
7. Thin Film Electronics
8. Stora Enso
9. International Paper
10.Amcor Plc.
11.Emerson Electric Co.
12.R.R. Donnelly & Sons (RRD) Company
13.Sealed Air Corporation
14.Smartglyph Ltd.
15.Huhtamaki Group
16.Other Key Players
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Smart Packaging Market Regional Analysis
The global Smart Packaging Market's growth trend is examined in depth throughout the report. It divides the major 5 regions, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which have global dominance in the Smart Packaging market.
Key Questions answered in the Smart Packaging Market Report are:
- What are the Smart Packaging market segments?
- What are the global trends in the Smart Packaging Market?
- What are the major challenges that the Smart Packaging Market could face in the future?
- How is the intervention from regulatory authority shaping the Smart Packaging Market?
- Who are the Smart Packaging key players in the industry?
- What growth strategies are the players considering to increase their presence in Smart Packaging Market?
- Which region held the largest Smart Packaging market share in 2022?
- Which regional Smart Packaging market is expected to grow rapidly during the forecast period?
Key offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Recommendations
- Key Findings
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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