Food

Smart Packaging Market to Reach USD 36.36 Billion by 2031, Growing at 4.9% CAGR

TheGlobal Smart Packaging Market Trends is set for remarkable growth in the coming years. Valued at USD 24.8 billion in 2023, the market is projected to reach USD 36.36 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.9% over the forecast period from 2024 to 2031.

Smart packaging solutions are revolutionizing various industries by integrating advanced technologies that enhance product safety, extend shelf life, and improve consumer engagement. These solutions include active packaging, intelligent packaging, and modified atmosphere packaging, each offering unique benefits for different applications.

Some of the major key players are as follows:

Avery Dennison Corporation, BASF SE, Ball Corporation, Sysco Corporation, Zebra Technologies Corp. (Temptime Corporation), International Paper, R.R. Donnelley & Sons Company, 3M, Crown, Stora Enso

Key Highlights

  • Market Size: The Smart Packaging Market was valued at USD 24.8 billion in 2023 and is projected to grow to USD 36.36 billion by 2031.
  • Market Growth: The market is expected to grow at a CAGR of 4.9% from 2024 to 2031, driven by increasing demand for innovative and efficient packaging solutions.
  • Technology: Key technologies in the smart packaging market include active packaging, intelligent packaging, and modified atmosphere packaging.
  • Functionality: Smart packaging functionalities include tracking and tracing, temperature monitoring, freshness indication, security, and more.
  • Application: Major applications of smart packaging span across food & beverages, healthcare, personal care, automotive, and other sectors.
  • Regional Insights: The market’s growth is driven by robust demand across various regions, with North America and Europe leading due to advanced technological adoption and stringent regulatory standards.
  • Forecast Period: Global Market Forecast 2024-2031 highlights sustained growth prospects supported by technological advancements and evolving consumer preferences.

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Market Segmentation

Material:

  • Solid
  • Liquid

Technology:

  • Active Packaging
  • Intelligent Packaging
  • Modified Atmosphere Packaging

Functionality:

  • Tracking & Tracing
  • Temperature Monitoring
  • Freshness Indication
  • Security
  • Others

Application:

  • Food & Beverages
  • Healthcare
  • Personal Care
  • Automotive
  • Others

Industry Insights

  • Companies in the smart packaging market are focusing on integrating advanced sensors and IoT technologies to enhance packaging intelligence.
  • Sustainable and eco-friendly packaging solutions are gaining traction as industries aim to reduce environmental impact.
  • Strategic collaborations and innovations are key drivers for market expansion and competitive advantage.

Future Outlook

The Smart Packaging Market is poised for substantial growth driven by the increasing demand for secure, efficient, and user-friendly packaging solutions. As industries prioritize innovation and sustainability, smart packaging technologies will play a crucial role in enhancing product value and consumer satisfaction.

Explore More Related Report:

Corrugated Boxes Market 

 Molded Pulp Packaging Market

Flexible Packaging Market

Sustainable Pharmaceutical Packaging Market

Anti-Counterfeit Packaging Market

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.