Between 2023 and 2030, the Smart Packaging Market size can develop at a 6.00 % rate. In 2022, the market for smart packaging was worth USD 41 billion. In 2030, it’s projected to be worth USD 62 billion.
In essence, “smart packaging” refers to packaging that incorporates a variety of technology, such as biosensors and radio frequency identification. When packaging sensitive goods that necessitate greater traceability, it is a collection of cutting-edge packaging techniques and an integration of numerous cutting-edge technology techniques that may be applied.
Smart packaging choices increase convenience and safety levels, provide clients with more information about the quality and freshness of the contents, and even extend the contents’ overall shelf life. The use of smart packaging to increase food item traceability and shelf life is anticipated to benefit industry growth overall in the future years.
Due to rapid urbanization and increased use of individualized personal items with cutting-edge integrated innovation, consumers’ lifestyles are changing, which is driving the growth of the smart packaging market. Additionally, the global packaging market business depends on untapped geographic regions that offer enormous open doors for market competitors.
The market is expanding as a result of research into various F&B applications for nanotechnology, the desire for shelf-stable and sustainable packaging solutions among food and beverage makers and retailers, and rising packaged food consumption.
Get Request Sample Copy: https://www.marketresearchfuture.com/sample_request/1981
Market Segmentation
Based on the technology, the market is classified as Rapid and profound technical advancements are propelling the smart packaging industry forward. Customers will be more likely to purchase things wrapped with smart packaging that can adjust humidity levels in the future. They’ll also expect this packaging to keep food aromas from escaping and to preserve packed food in circumstances that keep it fresh for longer.
Based on the application, In this area, the food and beverage sub-segment is expected to have the largest smart packaging market share. The first is that more people all over the world want to eat food they know is good for them. The second reason is that they prefer to eat food that is known to be fresh.
Based on the region, the market is segmented into North America, Asia-Pacific, The European Union, and the Rest of the World.
Regional Classification
For the time period covered by this study, the Asia-Pacific region is predicted to have the fastest growing smart packaging market revenue. The first is that today’s Asian generation is, on average, significantly more educated than earlier generations. The second reason is that the first is causing people to become much more health-conscious. They are curious about the packaging of the meals they consume. They also want to know how these meals are packaged. Sanitary packaging, it is widely assumed, also leads to safer food. The North American region is predicted to hold the largest smart packaging market share. People are concerned about wasting food, which is one of the reasons for this. Given that many Americans are hungry and that hunger is an increasing concern in the United States, many Americans want to ensure that as little food as possible is wasted. This is conceivable if excess food is packaged in intelligent packaging to keep it fresh for as long as possible.
Enquire For Discount: https://www.marketresearchfuture.com/check-discount/1981
Table Of Content
1 Introduction
1.1 Definition 11
1.2 Scope Of The Study 11
1.3 Assumptions 11
1.4 Market Structure 11
2 Research Methodology
2.1 Research Process 13
2.2 Primary Research 14
2.3 Secondary Research 14
2.4 Market Size Estimation 14
2.5 Forecast Model 16
3 Market Dynamics
3.1 Drivers, Restraints And Trends Of Global Smart Packaging Market 17
3.2 Drivers 17
3.2.1 Increased Demand From Food & Beverage Industry 17
3.2.2 Growing Demand From Pharmaceutical Industry 18
3.2.3 Increased Government Policies Regarding Food Safety 19
3.3 Restraints 20
3.3.1 High Added Cost Of Products 20
3.3.2 Lack Of Willingness From Consumers And Retailers 20
3.3.3 Lack Of Marketing 20
3.4 Opportunities 21
3.4.1 Advances In Printed Electronics 21
Continue…
Browse the Full Report: https://www.marketresearchfuture.com/reports/smart-packaging-market-1981
Recent Developments
July 2022
The near-field communication (NFC) enabled smart packaging for alcoholic beverage brand OTACA Tequila has successfully completed its test launch, according to US-based digital security and identity business Identiv.
The partnership intends to increase brand exposure, customer loyalty, NFC-powered authentication, and transparency for Identiv’s smart packaging solutions.
Browse More Reports:
https://www.marketresearchfuture.com/reports/anti-counterfeit-packaging-market-1227
https://www.marketresearchfuture.com/reports/produce-packaging-market-8333
https://www.marketresearchfuture.com/reports/biodegradable-mulch-films-market-2489
https://www.marketresearchfuture.com/reports/direct-thermal-labels-market-4093