Intelligent Packaging Market Demand, Industry Growth, Business Trends 2033
In 2023, it is anticipated that the global intelligent packaging Market will be worth US$23.6 billion. Between 2023 and 2033, the overall demand for intelligent packaging will increase at a 9.0% rate. The size of the worldwide intelligent packaging market is anticipated to reach $56.0 billion by the end of 2033.
The Intelligent Packaging Market is experiencing significant growth as technology advances and consumer demands evolve. Intelligent packaging refers to packaging solutions that incorporate technologies such as sensors, RFID tags, and smart labels to provide real-time data, enhance product safety, and improve consumer engagement.
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Key points:
- Product Quality and Safety: Intelligent packaging enables real-time monitoring of factors like temperature, humidity, and freshness, ensuring product quality and safety throughout the supply chain.
- Supply Chain Efficiency: Intelligent packaging solutions optimize inventory management, reduce waste, and improve logistics by providing accurate tracking and real-time visibility.
- Consumer Engagement: Interactive features like QR codes and NFC-enabled packaging enhance consumer engagement, providing product information, promotions, and personalized experiences.
- Counterfeit Prevention: Intelligent packaging includes anti-counterfeiting features like tamper-evident seals and authentication labels, protecting brands and ensuring product authenticity.
- Sustainability: Intelligent packaging can contribute to sustainability goals by enabling better inventory management, reducing food waste, and supporting recycling efforts.
- Market Expansion: Advancements in technologies like IoT, AI, and printed electronics are driving the adoption of intelligent packaging across industries such as food and beverages, healthcare, and consumer goods.
Key Takeaways
- The U.S. is expected to hold the largest share in the North American market, accounting for nearly 85% of regional sales through 2031.
- Germany is projected to emerge as one of the most remunerative markets in Europe, contributing around 1/5th of the overall revenue share in the region by 2031.
- India is estimated to dominate the South Asia intelligent packaging market, accounting for more than 45% of the regional demand through 2031.
- The market in Japan is forecast to witness swift growth, expanding at an impressive CAGR of 11.2% CAGR from 2021 to 2031.
- In terms of technology, interactive/data carriers packaging is anticipated to hold the dominant share, accounting for 44% of the sales by 2031.
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Key Drivers
- Increasing demand for smart packaging with advanced features such as easy tracking and detecting using quick response (QR) codes from the e-commerce industry is spurring the sales of intelligent packaging.
- Implementation of stringent regulations regarding storing and transporting various food & beverages and healthcare products to ensure product safety is propelling the demand for active packaging such as oxygen scavengers and ethylene absorbers.
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Technology Providers
- Timestrip UK Ltd
- Varcode, Ltd.
- Temptime Corporation
- DeltaTrak, Inc.
- EVIGENCE SENSORS
- JRI Company
- Vitsab International AB
- LAXCEN TECHNOLOGY INC.
- APK-ID
- STARNFC Technologies Ltd.
Brand Owners
- Nestlé S.A.
- Coca-Cola Company
- Johnson & Johnson
- Pfizer Inc.
- Unilever PLC
- Procter & Gamble Company
- XPO Logistics
- DHL Supply Chain
- Amazon.com, Inc.
- Shopify Inc.