Smart Packaging Market Analysis by Size, Share, Opportunities, Revenue, Future Scope and Forecast 2029


Posted August 3, 2023 by nirankammr

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:

The purpose of this report is to provide a thorough examination of the Smart Packaging Market by segments and geographics. The study goes into great detail on the primary factors influencing the Smart Packaging market's growth. The study also offers a comprehensive analysis of the market's value chain.

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Market Scope:

To get the final quantitative and qualitative data, all conceivable aspects that impact the markets covered in this research study have been accounted for, inspected in great depth, validated by primary research, and examined. The market size for top-level markets and sub-segments is evaluated, and the impact of inflation, economic crashes, regulatory & policy changes, and other variables is factored into the market prediction. This information is integrated with thorough inputs and analysis from the companies and given in this report.

Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.

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Drivers:

The demand for smart packaging in the food processing and pharmaceutical industries is being driven by a number of factors, including demographic and economic changes, the demand for processed foods, the need to increase the shelf life of packaged goods, concerns about food safety, growing public awareness of health issues, and the need for better supply chain management.

Therefore, it is anticipated that the advantages of smart packaging, such as less food waste, improved food safety, customer convenience, improved food supply chain management, and greater sales of packaged foods and beverages, will fuel demand for smart packaging.



Additionally, due to problems like prescription errors and fake medications, smart packaging is growing in popularity in the pharmaceutical business. A survey carried out for MeadWestvaco, a packaging manufacturer with headquarters.

Segmentation:

Smart Packaging Market by Packaging Technology

Active Packaging
Oxygen Scavenger
Moisture Scavengers
Antibacterial Films
Others
Intelligent Packaging
Indicators
Sensors
Bio Sensors
Gas Sensors
Data Carriers
Barcodes
RFID Tags

Smart Packaging Market by Application

Food & Beverages
Pharmaceuticals
Automotive
Personal Care
Others

Smart Packaging Market by Material

Solid
Liquid

Smart Packaging Market by Level of Packaging

Primary Packaging
Secondary Packaging
Tertiary Packaging

Key Players:

Secondary research is used to identify market leaders, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the leading manufacturers' quarterly and financial performance, whilst primary research included thorough interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing managers. The global market percentage splits, market shares, growth rates, and breakdowns are derived using secondary sources and validated using primary data.

The major players covered in the Smart Packaging market report are

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

Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

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COVID-19 Impact Analysis on Smart Packaging Market:

Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Smart Packaging market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Smart Packaging industry,

Key Questions Answered in the Smart Packaging Market Report are:

Which segment grabbed the largest share in the Smart Packaging market?
What was the competitive scenario of the Smart Packaging market in 2021?
Which are the key factors responsible for the Smart Packaging market growth?
Which region held the maximum share in the Smart Packaging market in 2021?
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Issued By MMR
Country India
Categories Affiliate Program , Blogging , Business
Tags smart packaging market , smart packaging market size , smart packaging market share
Last Updated August 3, 2023