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The Global Active, Smart and Intelligent Packaging Market Size is valued at 22.9 billion in 2023 and is predicted to reach 42.73 billion by the year 2031 at an 8.30% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the report:
Smart packaging refers to systems with embedded sensor technology used with foods, pharmaceuticals, and many other products. The changing lifestyle of customers because of quick urbanization and expanded utilization of individual personal items with advanced integrated innovation drive the active, smart and intelligent packaging market growth.
Moreover, undiscovered geographical markets offering gigantic open doors for the market players are relied upon to fuel the worldwide packaging market industry. Besides, Increasing demand for sustainable packaging solutions is anticipated to be a major challenge for active, smart and intelligent packaging companies over the forecast period. The developments in the printing processes in various industries have also been drivers for this market.
Additionally, active, smart and intelligent packaging results from rising consumer awareness about the composition of products and increased demand for packaged goods. Smart packaging utilizes technology and sensors to keep the product fresh and also allows manufacturers and consumers to track the product while in transit for delivery.
However, the high costs of active, smart and intelligent packaging are anticipated to be a major restraining factor for the market potential during the forecast period. Smart packaging companies are expected to invest in researching and developing more affordable active, smart and intelligent packaging solutions to boost their revenue potential over the forecast period.
The active, smart and intelligent packaging market is segmented based on product and application. Based on product, the market is segmented as active packaging, Smart & Intelligent Packaging technology. By application, the market is segmented into seafood, meat and poultry, soup, dairy products, confectionaries and fruits and vegetables.
The intelligent packaging category is expected to hold a major share of the global Active, Smart and Intelligent Packaging market in 2021. Within the packaging industry, intelligent packaging is the most recent technology. With a huge potential to increase speed and convenience, this technology is expanding faster in the food industry. Intelligent packaging can immediately measure the quality of the product within and report on the state of the product's outer packaging. By binding antibodies to a thermoplastic attaching surface, which can provide users a false sense of security, biosensors for pathogen or toxin detection, a significant concern in foodstuff and intelligent packaging, are assisting in this.
The food & beverages segment is projected to grow rapidly in the global Active, Smart and Intelligent Packaging market. Due to its strength, flexibility, and compact size, active, smart and intelligent packaging is expected to be used more frequently in the food & beverages sector, which will help the sector flourish. It is predicted that the segment will develop as more emphasis is placed on safeguarding and maintaining the quality of packaged goods from the point of creation till the point of consumption, especially in countries such as the US, Germany, the UK, China, and India.
The North American active, smart and intelligent packaging market is expected to register the highest market share in revenue soon. The growing need for packaged and frozen foods, rising worries about food safety, and shifting demographics brought on by urbanization are all reasons that have helped North America take the lead in the global active, smart and intelligent packaging industry.
The main factors driving the largest share in the country are the rising use of proactive and intelligent packaging due to increasing urbanization and the growing consumer worries about food safety as a result of food safety incidents. Due to the manufacturer's shock-absorbing qualities make it perfect for storing and transporting products, including electronic systems, consumer items, wineries, and pharmaceutical & healthcare products. It is frequently used in packing applications. Other characteristics of polyurethane, like barrier properties and thermal insulation, aid in preserving the safety of perishable goods like seafood, vegetables, and fruits. These elements all influence the packaging end-use segment's need for it.
In addition, Asia Pacific is a region projected to grow at a rapid rate in the global Active, Smart and Intelligent Packaging market due to growing concerns about the environment, rapid industrialization, government initiatives, and increasing funding in various industries. Other factors driving consumption in Asia Pacific active, smart and intelligent packaging market include customers' urbanization and lifestyle changes in developing nations like China, India, and Thailand.
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Report Attribute |
Specifications |
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Market size value in 2023 |
USD 22.9 billion |
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Revenue forecast in 2031 |
USD 42.73 billion |
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Growth rate CAGR |
CAGR of 8.30 from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Product Type, Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Multisorb Technologies (US), Sealed Air Corporation (US), Ball Corporation(US); Amcor limited (Australia), Timestrip PLC (UK), Sysco Corporation (U.S), Paksense Incorporated (US) Eastman Chemical Company, and M&G USA Corporation |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Active, Smart and Intelligent Packaging Market Snapshot
Chapter 4. Global Active, Smart and Intelligent Packaging Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Technology Estimates & Trend Analysis
5.1. by Technology & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Technology:
5.2.1. Active packaging
5.2.1.1. O2 Scavenging Sachets
5.2.1.2. MAP
5.2.2. Smart & Intelligent Packaging
5.2.2.1. TTI Labels
5.2.2.2. Freshness Indicators
5.2.2.3. RFID Tags
Chapter 6. Market Segmentation 2: by Applications Estimates & Trend Analysis
6.1. by Applications & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Applications:
6.2.1. Food & Beverage
6.2.1.1. Meat, Poultry & Seafood
6.2.1.2. Fruits & Vegetables
6.2.1.3. Dairy Products
6.2.1.4. Bakery & Confectionary
6.2.1.5. Processed Food
6.2.1.6. Others
6.2.2. Pharmaceuticals
6.2.3. Cosmetics
6.2.4. Others
Chapter 7. Active, Smart and Intelligent Packaging Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
7.1.2. North America Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2024-2031
7.1.3. North America Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.2. Europe
7.2.1. Europe Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
7.2.2. Europe Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2024-2031
7.2.3. Europe Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
7.3.2. Asia Pacific Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2024-2031
7.3.3. Asia Pacific Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.4. Latin America
7.4.1. Latin America Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
7.4.2. Latin America Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2024-2031
7.4.3. Latin America Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2024-2031
7.5.2. Middle East & Africa Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2024-2031
7.5.3. Middle East & Africa Active, Smart and Intelligent Packaging Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Multisorb Technologies (US)
8.2.2. Sealed Air Corporation (US)
8.2.3. Ball Corporation(US)
8.2.4. Amcor limited (Australia)
8.2.5. Timestrip PLC (UK)
8.2.6. Sysco Corporation (U.S)
8.2.7. Paksense Incorporated (US)
8.2.8. Eastman Chemical Company
8.2.9. M&G USA Corporation
8.2.10. Other Prominent Players
Active, Smart and Intelligent Packaging Market By Technology:
Active, Smart and Intelligent Packaging Market By Applications:
Active, Smart and Intelligent Packaging Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
