Intelligent Packaging Market to Exceed US$ 56 Billion by 2033 Amid Burgeoning Demand for Next-Generation Packaging across Food and Healthcare Industries | Future Market Insights, Inc,

NEWARK, DE / ACCESSWIRE / March 1, 2023 / The global intelligent packaging market size is forecast to reach US$ 23.6 billion in 2023. Global intelligent packaging sales will increase at 9.0% CAGR between 2023 and 2033. By the end of 2033, total market valuation is likely to reach US$ 56.0 billion.

Rising demand for next-generation packaging from various sectors will drive the market forward. Rising need for improving consumer engagement is likely to propel intelligent packaging demand.

Since its development, intelligent packaging has gained immense traction worldwide. It allows end users to monitor the conditions of packaged goods. Rising awareness about the benefits of intelligent packaging will boost sales.

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Rising awareness has resulted in changes in consumer perception and buying behavior. Modern consumers are more curious about proper packaging of every product they buy. This is encouraging companies to use intelligent packaging for their products.

Implementation of strict government laws about packaging and coding will fuel demand. Products that don't meet specific packaging standards have lost their relevance.

Evolution of the modern-day retail industry is also creating demand for intelligent packaging. Retailers prefer intelligent packaging because it facilitates inventory management.

Global retail giants are the pioneers in the adoption of intelligent packaging. This smart and interactive packaging enables them to improve consumer engagement. Growing adoption by small and large-sized retailers will further boost intelligent packaging sales.

Key Takeaways from Intelligent Packaging Market

• Interactive packaging segment will create an incremental opportunity of US$ 31.2 billion.
• Blister packaging segment will witness Y-o-Y growth of 13.7% in 2023.
• Food and beverage segments will hold around 1/3^rd of the global market.
• Demand for intelligent packaging in healthcare segment will rise at 10.9% CAGR.
• South Asia is likely to hold around 13% share of the global intelligent packaging market by 2033.
• Europe remains at the epicenter of intelligent packaging market.
• Intelligent packaging sales across India are forecast to rise at 11.8% CAGR.
• The USA will hold 85% share of North America intelligent packaging market by 2033.

"Intelligent packaging is becoming a new norm in the global packaging industry. It provides seamless tracking, tracing, and monitoring features. Rising focus on enhancing consumer engagement with products will elevate intelligent packaging demand." says an FMI analyst.

Increased Consumption of Ready-to-Eat Foods and Evolving Nanotechnology to Offer Profitable Expansion Potential

In recent years, demand for ready-to-eat meals and packaged foods has surged. This is due to their more convenient nature. Food and beverages are being packaged in such a way that consumers can consume them at their convenience.

Various types of intelligent packaging are being adopted in the food industry. This includes anti-microbial packaging.

Antimicrobial packaging consists of packaging materials that possess biological properties. This packaging type restricts the growth of harmful bacteria inside the package. Anti-microbial packaging prevents the consumables from spoiling.

Further, introduction of nanotechnology in food packaging has enabled key players to pack their offerings in high-barrier packaging materials. Nanotechnology also enables better detection of contaminants in packages. This will impact intelligent packaging market development.

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Who is Winning?

Key manufacturers of intelligent packaging include Amcor plc, Crown Holding Inc., 3M Company, CCL Industries Inc., Huhtamaki Global, DS Smith, Avery Dennison Corporation, Honeywell International Inc., Tetra Pak International S.A., Sealed Air Corporation, Stora Enso Oyj, WestRock Company, Ball Corporation, and Mondi Plc.

Intelligent Packaging Market Segmentation

By Technology:

• Indicators
  • Time-Temperature Indicators
  • Gas & Integrity Indicators
  • Freshness Indicators
• Sensors
• Interactive Packaging/Data Carriers
  • Quick-response (QR Codes)
  • Barcodes
  • Radio Frequency Identification (RFIDs)
  • Near Field Communications (NFCs)
  • Bluetooth Low Energy (BLE)
• Active Packaging
  • Oxygen Scavengers
  • Ethylene Absorbers
  • Moisture Scavengers
  • Anti-microbial Packaging

By Level of Packaging:

• Primary Packaging
• Secondary Packaging
• Tertiary Packaging

By Application:

• Bottles and Jars
• Blisters
• Trays & Clamshells
• Cans
• Boxes & Cartons
• Vials, Ampoules, & Prefilled Syringes
• Bags & Pouches
• Films & Wraps
• Mailers
• Labels, Tapes, & Tags

By End Use:

• Food
  • Meat, Poultry, & Seafood
  • Fruits & Vegetables
  • Dairy Products
  • Bakery & Confectionary
  • Processed Food
  • Ready to Eat Food
  • Other Food Products
• Beverage
• Healthcare
  • Medical Devices
  • Medical Supplies
  • Pharmaceuticals
• Cosmetics
• Logistics & Transport
• Consumer Electronics
• Personal Care & Homecare
• Other Consumer Goods

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Table of Content

1. Executive Summary | Intelligent Packaging Market

1.1. Global Market Outlook

1.2. Market Analysis

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Recent Developments by the Key Players

3.2.1. Product Level

3.2.2. Technology Level

3.2.3. Business Level

3.3. R&D Activities by the Key Players for Future Intelligent Packaging

4. Key Success Factors

4.1. Product Adoption/Usage Analysis

4.2. Product USPs / Features
Explore Trending Reports of Packaging:

Controlled Intelligent Packaging Market : Controlled intelligent packaging includes packaging systems that combine intelligence with advanced sensors, detection, recording, and communication capabilities. Industry professionals are upgrading their products and systems to provide a superior customer experience and respond to consumer expectations that are becoming increasingly high.

Active, Smart and Intelligent Packaging Market : The Global Active, Smart and Intelligent Packaging Market is estimated at US$ 27.1 Bn in 2022 and is projected to reach US$ 43.3 Bn by 2027, at a CAGR of 9.8% from 2022 to 2027.

Biodegradable Packaging Market : According to Future Market Insights research, during the projected period, the global biodegradable packaging market is set to enjoy a valuation of US$ 448.2 Bn in 2022, and further expand at a CAGR of 6.1% during 2022-2032.

Temperature Controlled Packaging Solutions Market : The global temperature controlled packaging solutions market is all set to witness a staggering CAGR of 8.1% between 2022 and 2030. It is estimated to reach US$ 23.2 Bn by the year 2030.

Protective Packaging Market : The global protective packaging market is set to gain a valuation of US$ 28.3 billion in 2023. Between 2023 and 2033, it is likely to extend at a steady CAGR of 5.0% and register a valuation of US$ 46.1 billion in 2033.

About Us :

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.   

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