Global Connected Packaging Market was valued nearly US$ 43.49 Bn. in 2022. Connected Packaging Market size is estimated to grow at a CAGR of 5.13% & is expected to reach at US$ 61.73 Bn. by 2029.Connected Packaging Market Overview:
During the forecast period, the increasing usage of smart packaging to extend the shelf life & traceability of food goods is expected to have a beneficial impact on overall industry growth. Smart packaging is a combination of specialized materials, science, and technology that improves the functionality of standard packaging by including active and intelligent packaging. It aids in the prevention of food spoilage, the enhancement of food product qualities such as scent, taste, and favor, and the protection of brands, premium pricing, and waste reduction.To know about the Research Methodology :- Request Free Sample Report F&B became the most popular application in the United States in the year 2022, accounting for 44.5 % of total revenue. Growing demand for ready-to-eat & serve food products in the region as a result of changing lifestyles among the country's urban population is expected to boost sector growth over the forecast period. Over the next eight years, the market is likely to be propelled by rising demand for environmentally friendly sustainable products from the food and beverage and pharmaceutical industries. Over the projection period, growing R&D investment to lower carbon footprint is also expected to fuel growth. By forecast period, high raw material prices for making flexible plastics are likely to stifle market growth. Increased investment in developing intelligent packaging with sensing devices such as NFC (near-field communication), RFID (radio-frequency identification), and smart labelling is projected to open up new business prospects in the future. A recent trend in the food and beverage business, such as the increased usage of wireless technology in conjunction with smart packaging to offer consumers with real-time conditions of perishable foods, is expected to stimulate industry demand. Moreover, because of its improved durability, flexibility, and lightweight features, smart packaging is becoming more popular in the pharmaceutical and healthcare industries, which is expected to drive market growth. In the year 2022 the active packaging category emerged as a dominating segment, accounting for 72.2 % of overall industry sales, and this dominance is likely to continue during the forecast period. Because of its exceptional moisture control and corrosion prevention properties, the category is predicted to grow. Over the forecast period, the industry is expected to be driven by rising industrialization in emerging economies such as India and China, as well as growing demand for superior logistics & supply chain management. Also predicted to be a key driver for the market is the expanding application scope due to availability in various forms such as plastic, fabric, and plastic films. Intelligent packaging is expected to be the fastest-growing segment in 2022, accounting for the majority of market revenue. In 2022, the product segment held 27.8 % of the market share. Demand is expected to be driven by additional benefits such as greater human interface and the capacity to adjust the immediate product environment. Over the forecast period, demand is expected to be driven by the increasing use of intelligent packaging in transforming the human interface of products. In the future years, the growing use of smart labels and RFID tags in numerous end-use industries such as manufacturing, warehousing, and healthcare is expected to increase industry demand.
Connected Packaging Market Insights into Applications Segment:
In the year 2022, food and beverage was the most common application of smart packaging, accounting for 47.3 % of revenue. The increased usage of active goods in the food and beverage industry, combined with a growing focus on maintaining the quality and safety of packaged products from manufacturing to consumption, is expected to drive category growth. Also, over the forecast period, demand for self-heating and cooling packaged beverage products that can heat beverages like as tea, coffee, and chocolate to a temperature suitable for consumption is expected to boost demand in colder countries such as North America and Europe. In 2022, the healthcare category was the second largest application, accounting for over 10% of the market, and it is expected to rise at a high CAGR of over the forecast period. Over the forecast period, rising developments in the pharmaceutical sector due to increased R&D in the field of medicine are expected to boost product demand. The growing usage of smart packaging in industries such as pharmaceuticals, food and beverage, personal care, automotive, and logistics is predicted to propel the industry forward, thanks to increased security and real-time tracking that eliminates thefts, organized crime, and counterfeiting.Regional Overview:
In 2022, North America became the largest market, accounting for about half of the market. Over the next few years, demand is expected to be driven by rapid expansion in industries such as food and beverage, pharmaceuticals, automotive, logistics, and manufacturing, as well as a steady recovery from the recession. Over the forecast period, the smart packaging industry is expected to be driven by rising consumer buying power and growing concerns about improving the region's overall health. The United States is a big consumer of smart packaging in this region, owing to the government's increasing emphasis on improving packaging quality in terms of environmental friendliness in the country. Because of the government's increasing emphasis on reducing hazardous content in packaging materials, Europe is likely to have a substantial share of demand. Rising pharmaceutical R&D initiatives aimed at better compliance with rigorous legislation are likely to drive market growth. Over the forecast period, the Asia Pacific region is likely to increase at the fastest rate. Growing health awareness among consumers in the Asia Pacific area, particularly in developing nations such as China and India, combined with rising disposable income is expected to increase the region's pharmaceutical industry throughout the forecast period. The objective of the report is to present a comprehensive analysis of the Connected Packaging Market to the stakeholders in the End-User. The past and current status of the End-User with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the End-User with a dedicated study of key players which include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the End-User to the decision-makers. The report also helps in understanding the Connected Packaging Market dynamics, structure by analyzing the Market segments and project the Connected Packaging Market size. Clear representation of competitive analysis of key players by Technology, price, financial position, Technology portfolio, growth strategies, and regional presence in the Connected Packaging Market make the report investor’s guide.Connected Packaging Market Scope: Inquire before buying
Connected Packaging Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 5.13% US$ 43.49 Bn US$ 61.73 Bn Segments Covered by Technology Active Packaging Interactive Packaging Intelligent packaging by End-User Food & Beverages Healthcare Personal Care Others Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America Key Players are:
1. BALL CORPORATION 2. Amcor plc 3. 3M 4. Temptime Corporation 5. CONSTANTIA FLEXIBLES 6. Klöckner Pentaplast 7. Graham Packaging Company, 8. Avery Dennison Corporation 9. Emerson Electric Co 10.American Thermal Instruments 11.BASF SE 12.International Paper 13.R.R. Donnelley & Sons Company 14.Others Frequently Asked Questions: 1. Which region has the largest share in Global Connected Packaging Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Connected Packaging Market? Ans: The Global Connected Packaging Market is growing at a CAGR of 5.13% during forecasting period 2023-2029. 3. What is scope of the Global Connected Packaging Market report? Ans: Global Connected Packaging Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Connected Packaging Market? Ans: The important key players in the Global Connected Packaging Market are – BALL CORPORATION, Amcor plc, 3M, Temptime Corporation, CONSTANTIA FLEXIBLES, Klöckner Pentaplast, Graham Packaging Company,, Avery Dennison Corporation, Emerson Electric Co, American Thermal Instruments, BASF SE, International Paper, R.R. Donnelley & Sons Company, and Others 5. What is the study period of this Market? Ans: The Global Connected Packaging Market is studied from 2022 to 2029.
1. Connected Packaging Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Connected Packaging Market: Dynamics 2.1. Connected Packaging Market Trends by Region 2.1.1. North America Connected Packaging Market Trends 2.1.2. Europe Connected Packaging Market Trends 2.1.3. Asia Pacific Connected Packaging Market Trends 2.1.4. Middle East and Africa Connected Packaging Market Trends 2.1.5. South America Connected Packaging Market Trends 2.2. Connected Packaging Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Connected Packaging Market Drivers 2.2.1.2. North America Connected Packaging Market Restraints 2.2.1.3. North America Connected Packaging Market Opportunities 2.2.1.4. North America Connected Packaging Market Challenges 2.2.2. Europe 2.2.2.1. Europe Connected Packaging Market Drivers 2.2.2.2. Europe Connected Packaging Market Restraints 2.2.2.3. Europe Connected Packaging Market Opportunities 2.2.2.4. Europe Connected Packaging Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Connected Packaging Market Drivers 2.2.3.2. Asia Pacific Connected Packaging Market Restraints 2.2.3.3. Asia Pacific Connected Packaging Market Opportunities 2.2.3.4. Asia Pacific Connected Packaging Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Connected Packaging Market Drivers 2.2.4.2. Middle East and Africa Connected Packaging Market Restraints 2.2.4.3. Middle East and Africa Connected Packaging Market Opportunities 2.2.4.4. Middle East and Africa Connected Packaging Market Challenges 2.2.5. South America 2.2.5.1. South America Connected Packaging Market Drivers 2.2.5.2. South America Connected Packaging Market Restraints 2.2.5.3. South America Connected Packaging Market Opportunities 2.2.5.4. South America Connected Packaging Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Connected Packaging Industry 2.8. Analysis of Government Schemes and Initiatives For Connected Packaging Industry 2.9. Connected Packaging Market Trade Analysis 2.10. The Global Pandemic Impact on Connected Packaging Market 3. Connected Packaging Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Connected Packaging Market Size and Forecast, by Technology (2022-2029) 3.1.1. Active Packaging 3.1.2. Interactive Packaging 3.1.3. Intelligent packaging 3.2. Connected Packaging Market Size and Forecast, by End User (2022-2029) 3.2.1. Food & Beverages 3.2.2. Healthcare 3.2.3. Personal Care 3.2.4. Others 3.3. Connected Packaging Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Connected Packaging Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Connected Packaging Market Size and Forecast, by Technology (2022-2029) 4.1.1. Active Packaging 4.1.2. Interactive Packaging 4.1.3. Intelligent packaging 4.2. North America Connected Packaging Market Size and Forecast, by End User (2022-2029) 4.2.1. Food & Beverages 4.2.2. Healthcare 4.2.3. Personal Care 4.2.4. Others 4.3. North America Connected Packaging Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Connected Packaging Market Size and Forecast, by Technology (2022-2029) 4.3.1.1.1. Active Packaging 4.3.1.1.2. Interactive Packaging 4.3.1.1.3. Intelligent packaging 4.3.1.2. United States Connected Packaging Market Size and Forecast, by End User (2022-2029) 4.3.1.2.1. Food & Beverages 4.3.1.2.2. Healthcare 4.3.1.2.3. Personal Care 4.3.1.2.4. Others 4.3.2. Canada 4.3.2.1. Canada Connected Packaging Market Size and Forecast, by Technology (2022-2029) 4.3.2.1.1. Active Packaging 4.3.2.1.2. Interactive Packaging 4.3.2.1.3. Intelligent packaging 4.3.2.2. Canada Connected Packaging Market Size and Forecast, by End User (2022-2029) 4.3.2.2.1. Food & Beverages 4.3.2.2.2. Healthcare 4.3.2.2.3. Personal Care 4.3.2.2.4. Others 4.3.3. Mexico 4.3.3.1. Mexico Connected Packaging Market Size and Forecast, by Technology (2022-2029) 4.3.3.1.1. Active Packaging 4.3.3.1.2. Interactive Packaging 4.3.3.1.3. Intelligent packaging 4.3.3.2. Mexico Connected Packaging Market Size and Forecast, by End User (2022-2029) 4.3.3.2.1. Food & Beverages 4.3.3.2.2. Healthcare 4.3.3.2.3. Personal Care 4.3.3.2.4. Others 5. Europe Connected Packaging Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Connected Packaging Market Size and Forecast, by Technology (2022-2029) 5.2. Europe Connected Packaging Market Size and Forecast, by End User (2022-2029) 5.3. Europe Connected Packaging Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Connected Packaging Market Size and Forecast, by Technology (2022-2029) 5.3.1.2. United Kingdom Connected Packaging Market Size and Forecast, by End User (2022-2029) 5.3.2. France 5.3.2.1. France Connected Packaging Market Size and Forecast, by Technology (2022-2029) 5.3.2.2. France Connected Packaging Market Size and Forecast, by End User (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Connected Packaging Market Size and Forecast, by Technology (2022-2029) 5.3.3.2. Germany Connected Packaging Market Size and Forecast, by End User (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Connected Packaging Market Size and Forecast, by Technology (2022-2029) 5.3.4.2. Italy Connected Packaging Market Size and Forecast, by End User (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Connected Packaging Market Size and Forecast, by Technology (2022-2029) 5.3.5.2. Spain Connected Packaging Market Size and Forecast, by End User (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Connected Packaging Market Size and Forecast, by Technology (2022-2029) 5.3.6.2. Sweden Connected Packaging Market Size and Forecast, by End User (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Connected Packaging Market Size and Forecast, by Technology (2022-2029) 5.3.7.2. Austria Connected Packaging Market Size and Forecast, by End User (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Connected Packaging Market Size and Forecast, by Technology (2022-2029) 5.3.8.2. Rest of Europe Connected Packaging Market Size and Forecast, by End User (2022-2029) 6. Asia Pacific Connected Packaging Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.2. Asia Pacific Connected Packaging Market Size and Forecast, by End User (2022-2029) 6.3. Asia Pacific Connected Packaging Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.3.1.2. China Connected Packaging Market Size and Forecast, by End User (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.3.2.2. S Korea Connected Packaging Market Size and Forecast, by End User (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.3.3.2. Japan Connected Packaging Market Size and Forecast, by End User (2022-2029) 6.3.4. India 6.3.4.1. India Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.3.4.2. India Connected Packaging Market Size and Forecast, by End User (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.3.5.2. Australia Connected Packaging Market Size and Forecast, by End User (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.3.6.2. Indonesia Connected Packaging Market Size and Forecast, by End User (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.3.7.2. Malaysia Connected Packaging Market Size and Forecast, by End User (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.3.8.2. Vietnam Connected Packaging Market Size and Forecast, by End User (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.3.9.2. Taiwan Connected Packaging Market Size and Forecast, by End User (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Connected Packaging Market Size and Forecast, by Technology (2022-2029) 6.3.10.2. Rest of Asia Pacific Connected Packaging Market Size and Forecast, by End User (2022-2029) 7. Middle East and Africa Connected Packaging Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Connected Packaging Market Size and Forecast, by Technology (2022-2029) 7.2. Middle East and Africa Connected Packaging Market Size and Forecast, by End User (2022-2029) 7.3. Middle East and Africa Connected Packaging Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Connected Packaging Market Size and Forecast, by Technology (2022-2029) 7.3.1.2. South Africa Connected Packaging Market Size and Forecast, by End User (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Connected Packaging Market Size and Forecast, by Technology (2022-2029) 7.3.2.2. GCC Connected Packaging Market Size and Forecast, by End User (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Connected Packaging Market Size and Forecast, by Technology (2022-2029) 7.3.3.2. Nigeria Connected Packaging Market Size and Forecast, by End User (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Connected Packaging Market Size and Forecast, by Technology (2022-2029) 7.3.4.2. Rest of ME&A Connected Packaging Market Size and Forecast, by End User (2022-2029) 8. South America Connected Packaging Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Connected Packaging Market Size and Forecast, by Technology (2022-2029) 8.2. South America Connected Packaging Market Size and Forecast, by End User (2022-2029) 8.3. South America Connected Packaging Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Connected Packaging Market Size and Forecast, by Technology (2022-2029) 8.3.1.2. Brazil Connected Packaging Market Size and Forecast, by End User (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Connected Packaging Market Size and Forecast, by Technology (2022-2029) 8.3.2.2. Argentina Connected Packaging Market Size and Forecast, by End User (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Connected Packaging Market Size and Forecast, by Technology (2022-2029) 8.3.3.2. Rest Of South America Connected Packaging Market Size and Forecast, by End User (2022-2029) 9. Global Connected Packaging Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Connected Packaging Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. BALL CORPORATION 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Amcor plc 10.3. 3M 10.4. Temptime Corporation 10.5. CONSTANTIA FLEXIBLES 10.6. Klöckner Pentaplast 10.7. Graham Packaging Company, 10.8. Avery Dennison Corporation 10.9. Emerson Electric Co 10.10. American Thermal Instruments 10.11. BASF SE 10.12. International Paper 10.13. R.R. Donnelley & Sons Company 10.14. Others 11. Key Findings 12. Industry Recommendations 13. Connected Packaging Market: Research Methodology 14. Terms and Glossary