Global Smart Packaging market 2024-2030

The packaging of a product simplifies its storage and conveyance. It also plays a significant role in protecting it from external damage while transportation. Packaging plays an important role in the function of various industries such as food and beverage, pharmaceuticals and others. Active and smart packaging for goods helps in extending shelf life, freshness, for displaying information on quality, and also for improving safety and convenience. They are used for packaging especially foods, pharmaceuticals, and several other types of products.

Smart packaging is a process that includes both active packaging and intelligent packaging. Smart packaging techniques are especially used to pack goods during shipments and to protect them from the external environment. This type of smart packaging has special properties like for controlling humidity, absorbing the odors and for maintaining the right concentration of gases and moisture within the packaged products.

The report on global smart packaging market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global smart packaging market is growing its area and effective sphere of influence very fast and is gaining popularity. This Global smart packaging market is expected to reach the levels of US $ xxxx billion dollars by the end of 2023, as compared to US $ xxxx billion dollars in 2018 registering an impressive growth rate of xx% annually.

The increasing demand for packaged food is one of the major driving factors for the global smart packaging market. The packaging of products especially for ready-to-eat eatables has been triggering the growth of this market. Active packing is also required for freshly cut vegetables which has a huge demand from consumers so that the packaging helps retain its freshness and perishability.

The major challenges for the global smart packaging market are the rising prices of the commodities. Moreover, lack of awareness among the consumers and retailers regarding packaged goods can also pose as a threat. Lack of marketing the essence and importance of smart packaging could also be a hindrance for the smart packaging market.

The North America region has been seen having a rapid rise in demand for packaged goods. Since they have a major part of target consumers dependent on frozen foods and packaged foods for consumption. Hence, to meet the rapidly rising demand from the food industry of emerging economies of countries like India and China is said to be a triggering source or the global smart packaging market.

Some of the major key players in the global smart packaging market include TempTime Corporation (U.S.), BASF SE (Germany), International Paper (U.S.), Stora Enso (Finland) and Huhtamaki Group (Finland).

The research procedure starts with the bifurcation of different market segments of global smart packaging market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across Global smart packaging industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (30%), Europe (35%)

By designation:

Top level (40%), Operation level (30%), Mid-level (30%)

Contents of the report:

• Insights on the global smart packaging Industry dynamics
• Current estimation of the global smart packaging market size in terms of value and volume
• Global smart packaging market breakup based on product type and application.
• Authenticated global smart packaging market forecast for the next five years
• Comprehensive analysis of the key companies operating across different nodes of global smart packaging industry value chain.