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Smart Packaging Market By Technology Type (Active Packaging, Intelligent Packaging), By Application (Healthcare, Automotive, Personal Care, Food & Beverages) – Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

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Published: | Report ID: 10282 | Report Format : PDF

Increasing consumer concerns towards food safety and sustainability coupled with a change in consumer lifestyle will boost the market.

The global smart packaging market is growing competently, expected to grow at a CAGR of 8.3% during the estimated period from 2019 to 2027, starting from US$ 6.87 Bn in 2018.

Technology Analysis

Dominance is led by the wide-scale implementation of technology coupled with stringent government regulations towards food waste & safety.

Smart packaging technology is a growing industry with enormous prospective. Despite this fact, very few companies have ventured to take steps toward the application of smart packaging in security, logistics, and marketing, thereby indicating active and intelligent packaging to become part of the industry in the coming years. Additionally, smart packaging systems allow greater packaging customization, thereby providing real-time data access to the related products for the consumers. Furthermore, the developments in printing practices across various industries have also driven the market on a global scale. Printed technologies are providing their added functionality in the presentation and process processing like the use of RFID technology and printed electronics, thereby creating a framework for the potential development of smart packaging applications.

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Moreover, the adoption of various updated technologies like “Thermochromic Inks,” “Photochromic Inks,” “Oxygen Scavenging,” and “Electronic Labels and RFID” in packaging industries is projected to drive the market on a global scale. In addition, rising developments in the pharmaceutical sector on account of growing research and development in the drug and medicines field will enhance the global expansion of the market. Furthermore, government initiatives like financial assistance and subsidies from government agencies such as the Development Commissioner Ministry of Micro, Small & Medium Enterprises (DCMSME), Ministry of MSME, and National Small Industries Corporation (NSIC) for the packaging industry is likely to drive the market. For instance, in December 2018, the government of the U.K. announced a funding package of around the U.S. $65 million for a packaging system, which is projected to fuel the market demand across the region.

Regional Analysis

Rising industrialization across various regions and advanced technology adoption worldwide will flicker the market growth for smart packaging.

Increasing in a number of industries is likely to drive the market for innovative smart packaging applications, which will primarily address three business issues “Inventory & Life Cycle Management,” “Product Integrity,” and” User Experience.” Furthermore, the rising demand towards real-time information systems in numerous industries urges the need for the adoption of smart packaging solutions such as “Climate change indicators – temperature and humidity” and” Augmented reality insertion – 3D models”. In addition, technology giants’ involvement in smart packaging systems will enhance the packing industries with eco-friendly and product-efficient materials used for packaging. For instance, Dell Inc., a multinational I.T. firm, aims to establish a waste-free packaging system through its “2020 Packaging Goal”, which includes the use of recycled, composites, and organic materials for its packaging system.

North America is expected to hold the largest market for the smart packing industry in 2018, owing to rapid development in the industries like pharmaceutical, food & beverage, logistics, automotive, and manufacturing in the upcoming years. In addition, increasing consumer spending capability coupled with raising concerns towards health in the countries like the U.S. and Canada is likely to drive the demand for smart packaging. Moreover, with rising government policies and mandates to enhance the packaging quality and environmental friendliness, the region is projected to boost the demand for the smart packaging market.

Furthermore, the growing application of modern technologies in the packaging industries, such as nanotechnology, is projected to gain acceptance in numerous areas like packaging, food safety, bioavailability, processing, encapsulation, and fortification, among others. Moreover, growing global awareness of the negative environmental impacts of packaging along with technological improvements have driven the use of recyclable material in packaging industries.

List of Companies Covered:

  • 3M Co
  • BASF India Ltd
  • DuPont
  • Avery Dennison Corp
  • Amcor PLC
  • Sealed Air Corp
  • International Paper Co
  • Huhtamaki Oyj
  • Thin Film Electronics ASA
  • Insignia Technologies Ltd

Key Industry Development:

  • In February 2017, Thin Film Electronics ASA and Smart Systems collaborated with Constantia Flexibles to provide smart packaging solutions for beverage industries.
  • In October 2017, Thin Film Electronics ASA and Smart Packaging Solutions collaborated with CMSmartconnect to change NFC smart packaging into an intelligent packaging system for cosmetics brands.

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Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation Technology Type (2017–2027; US$ Bn)

  • Active Packaging
  • Intelligent Packaging

 Application (2017–2027; US$ Bn)

  • Passenger Cars
  • Commercial Vehicles Healthcare
  • Automotive
  • Personal Care
  • Food & Beverages

 Geography (2017–2027; US$ Bn)

  • North America (U.S., Canada)
  • Europe (U.K., Germany, Spain, Italy, Rest of Europe)
  • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
  • Rest of the World (Latin America, Middle East & Africa)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to understand the overall smart packaging market better. In addition, the global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Smart Packaging (SP) Market
2.2. Global SP Market, by Technology Type, 2018 (US$ Bn)
2.3. Global SP Market, by Application, 2018 (US$ Bn)
2.4. Global SP Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global SP Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Smart Packaging Market, by Technology Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Active Packaging
4.3. Intelligent Packaging

5. Global Smart Packaging Market, by Application, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Healthcare
5.3. Automotive
5.4. Personal Care
5.5. Food & Beverages

6. North America Smart Packaging Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America SP Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America SP Market Value, By Technology Type, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America SP Market Value, By Application, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America SP Market Value, By Region/Country, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Smart Packaging Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe SP Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe SP Market Value, By Technology Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe SP Market Value, By Application, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe SP Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Smart Packaging Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific SP Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific SP Market Value, By Technology Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific SP Market Value, By Application, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific SP Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Smart Packaging Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World SP Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World SP Market Value, By Technology Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World SP Market Value, By Application, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World SP Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. 3M Co
10.2. BASF India Ltd
10.3. DuPont
10.4. Avery Dennison Corp
10.5. Amcor PLC
10.6. Sealed Air Corp
10.7. International Paper Co
10.8. Huhtamaki Oyj
10.9. Thin Film Electronics ASA
10.10. Insignia Technologies Ltd

List of Figures

FIG. 1 Global Smart Packaging Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global SP Market Segmentation
FIG. 4 Global SP Market, by Technology Type, 2018 (US$ Bn)
FIG. 5 Global SP Market, by Application, 2018 (US$ Bn)
FIG. 6 Global SP Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key SP Market Manufacturers, 2018
FIG. 9 Global SP Market Value Contribution, By Technology Type, 2018 & 2027 (Value %)
FIG. 10 Global SP Market, by Active Packaging, Value, 2017–2027 (US$ Bn)
FIG. 11 Global SP Market, by Intelligent Packaging, Value, 2017–2027 (US$ Bn)
FIG. 12 Global SP Market Value Contribution, By Application, 2018 & 2027 (Value %)
FIG. 13 Global SP Market, by Healthcare, Value, 2017–2027 (US$ Bn)
FIG. 14 Global SP Market, by Automotive, Value, 2017–2027 (US$ Bn)
FIG. 15 Global SP Market, by Personal Care, Value, 2017–2027 (US$ Bn)
FIG. 16 Global SP Market, by Food & Beverages, Value, 2017–2027 (US$ Bn)
FIG. 17 U.S. SP Market, 2017–2027 (US$ Bn)
FIG. 18 Canada SP Market, 2017–2027 (US$ Bn)
FIG. 19 U.K. SP Market, 2017–2027 (US$ Bn)
FIG. 20 Germany SP Market, 2017–2027 (US$ Bn)
FIG. 21 France SP Market, 2017–2027 (US$ Bn)
FIG. 22 Italy SP Market, 2017–2027 (US$ Bn)
FIG. 23 Rest of Europe SP Market, 2017–2027 (US$ Bn)
FIG. 24 Japan SP Market, 2017–2027 (US$ Bn)
FIG. 25 China SP Market, 2017–2027 (US$ Bn)
FIG. 26 India SP Market, 2017–2027 (US$ Bn)
FIG. 27 Rest of Asia Pacific SP Market, 2017–2027 (US$ Bn)
FIG. 28 Middle East & Africa SP Market, 2017–2027 (US$ Bn)
FIG. 29 Latin America SP Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Smart Packaging Market
TABLE 2 Global SP Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 3 Global SP Market, by Application, 2017–2027 (US$ Bn)
TABLE 4 Global SP Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America SP Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 6 North America SP Market, by Application, 2017–2027 (US$ Bn)
TABLE 7 North America SP Market, by Country, 2017–2027 (US$ Bn)
TABLE 8 Europe SP Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 9 Europe SP Market, by Application, 2017–2027 (US$ Bn)
TABLE 10 Europe SP Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 11 Asia Pacific SP Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific SP Market, by Application, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific SP Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 RoW SP Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 15 RoW SP Market, by Application, 2017–2027 (US$ Bn)
TABLE 16 RoW SP Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 17 3M Co: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 18 BASF India Ltd: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 19 DuPont: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 Avery Dennison Corp: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Amcor PLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Sealed Air Corp: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 International Paper Co: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Huhtamaki Oyj: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 25 Thin Film Electronics ASA: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 26 Insignia Technologies Ltd: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Frequently Asked Questions:

What is the size of Smart Packaging Market?

The market for Smart Packaging is expected to reach US$ 6.87 Bn in 2028.

What is the Smart Packaging Market CAGR?

The Smart Packaging market is expected to see significant CAGR growth over the coming years, at 8.3%.

What is the Forecast period considered for Smart Packaging Market?

The report is forecasted from 2019-2027.

What is the base year considered for Smart Packaging Market?

The base year of this report is 2021.

Who are the major players in this market?

3M Co, BASF India Ltd, DuPont, Avery Dennison Corp, Amcor PLC, Sealed Air Corp, International Paper Co are some of the major players in the global market.

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