The smart packaging market has been segmented on the basis of material, end use. According to technology, the market is segmented into active, intelligent, modified environments. According to end-use, the market is segmented into food & beverages, personal & household care, consumer goods, industrial – Industry Forecast 2023-2030.
WESTFORD USA, Jan. 19, 2024 (GLOBE NEWSWIRE) — According to SkyQuest, smart packaging market has experienced significant growth, primarily driven by increased e-commerce activities. The demand for packaging materials has increased significantly as online shopping continues to gain momentum.
Smart packaging represents the convergence of special materials, scientific innovation and advanced technology integrated into traditional packaging solutions. Its primary objective is to increase the efficiency of packaging in ways that extend far beyond traditional containment in the smart packaging market.
Scope and divisions of the report:
Property
Description
Market size in 2022
252 billion US dollars
2030 price projection
US$383.95 billion
CAGR
6.2%
forecast period
2023-2030
segments covered
Area covered
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Major players in the smart packaging market
Amcor PLC
Seal Air Corporation
Berry Global Inc.
Mondi PLC
Sonoco Products Company
Westrock Company
Huhtamaki Oyj
International Paper Company
Coveris Holdings SA
AptarGroup, Inc.
Smurfit Kappa Group PLC
DS Smith PLC
Bemis Company, Inc.
optane
Uflex Limited
Graphic Packaging Holding Company
Tetra Pak International SA
Crown Holdings Inc.
Gerresheimer AG
Aptargroup Inc.
The active packaging segment is expected to grow in the market due to its exceptional moisture control
The active packaging segment made a great impression, establishing itself as the dominant force in the smart packaging market, garnering an impressive 72.2% of the total revenue share. This trend is expected to continue and even strengthen during the forecast period, as active packaging continues to shine with its exceptional moisture control and corrosion protection properties.
The North America market stands out as a large smart packaging market, with an emphasis on eco-friendly packaging options and adoption of cutting-edge packaging technologies.
source: business news
