Smart Tag Packaging Market – Global Industry Analysis and Forecast (2023-2029)

Smart Tag Packaging Market was valued at US$ 24.21 Bn in 2022 and is expected to reach US$ 49.06 Bn by 2029, at a CAGR of 10.61% during a forecast period.

Smart Tag Packaging is additionally known interactive packaging, intelligent packaging, and active packaging. A smart tag has a preference of having the wide scope of use over customary standardized tags. The savvy tag is to draw the consideration of customers or give validation or extra data on the item; smart packaging conveys numerous advantages to shopper whether, it is item depiction, MRP, standardized identification and expiry date.To know about the Research Methodology :- Request Free Sample Report

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Smart Tag Packaging Market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Smart Tag Packaging Market.

Based on application, food & beverages is segment is expected to hold the largest share in the global  market during the forecast period. Rising population and increasing demand for packaged food are driving the global smart tag packaging market. Personal care segment is estimated to generate the highest CAGR in the global  market during the forecast period. On the basis of type, RFID is segment is expected to hold the largest share in the market during the forecast period owing to rising demand for smart tag packaging for multiple levels to speed up locating products and improve the availability of real-time information is projected to lead the market growth in the forecast period.

Rising e-Commerce industry in the worldwide is propelling the growth of this market. Growing permeation of social media such as Facebook, Instagram, and Twitter other is growing awareness about the latest technologies trends, which is boosting the growth of the global market. The smart tag has advantages in supply chain management such as can keep track of logistics and optimally maintain the inventory level is expected to fuel the global  market growth in the forecast period.

In addition, a rising economy and changing consumer lifestyle across the globe is surging the global  market growth in a positive way. Growing installation of modern retail outlets is projected to lead the global smart tag packaging market growth in the near future. Moreover, the increasing the popularity of frozen and chilled food products is fuelling the global smart tag packaging market growth.

Increasing consumer awareness regarding the packaging of electronic goods and consumer goods is estimated to boom the global  market growth during the forecast period. Also, smart packaging can change the way retailers, consumers interact, and brand owners with items by conveying, drawing in clients, overseeing stock frameworks and significantly more is anticipated to drive the global smart tag packaging market in the forecast period.

However, the high cost of smart packaging is estimated to hamper the global smart tag packaging market growth in the forecast period. Moreover, the absence of benchmarks and ignorance about the item is limiting the development of the global smart tag packaging market. Increasing demand for packaged food products with an extended shelf life and sterility is propelling the global smart tag packaging market growth in a positive way. In addition, the growing purchasing power of consumers across the globe, such as India and China is also expected to drive the market growth in the forecast period.

In terms of region, North America is expected to hold the largest share in the global smart tag packaging market during the forecast period. Rising working population and growing demand for interactive and improved packaging solutions are anticipated to drive the smart tag packaging market growth in this region. The US is expected to boost the smart tag packaging market growth in the forecast period. The US is home to one of the busiest buyer markets, which shapes a noteworthy piece of the workforce. In addition, increasing technological advancement and innovations are also expected to boost the market growth in this region.

The Asia Pacific is expected to generate the highest CAGR in the global smart tag packaging market during the forecast period. Growing population and increasing spending power of the middle-class population in developing countries of this region such as India and China is projected to boost the market growth in the forecast period. Increasing demand for smart tag packaging from end-use industries such as food & beverage and personal care & cosmetic industry is projected to drive market growth during the forecast period in a positive way. Growth in demand for ready-to-eat food products, which is propelling the demand for smart packaging solutions.
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Smart Tag Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 24.21 Bn.


Forecast Period 2023 to 2029 CAGR:
10.61%
Market Size in 2029:
US $ 49.06 Bn.


 Segments Covered:
by Application
Retail
Manufacturing
FMCG
Medical
Automotive
Others


by End Use
Food and Beverages
Healthcare
Cosmetic & Personal Care
Shipping & Logistics
Others


by Type
Quick Response(QR Codes)
Barcodes
Radio Frequency Identification(RFID)
Near Field Communication(NFCs)
Bluetooth Low Energy(BLE)



Smart Tag Packaging Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players are:
1.Smart Label Solutions
2.Shenzhen Jianhe Smartcard Technology Co., Ltd.
3.Shenzhen Zdcard Tech Co., Ltd.
4.Shenzhen Top tags Technology Co., Ltd.
5.Chengdu Mind Golden Card System Co., Ltd.
6.Zhejiang Laxcen Information Technology Inc.
7.Limited, Alien Technology, Inc.
8.Muehlbauer Holding AG,
9.Thin Film Electronics ASA
10.Zebra Technologies
11.Bemis Company Inc.
12.Winpak Limited
13.Point Five Packaging Llc
14.Dansensor AS
15.Praxair, Inc.
16.Berry Global Inc.
17.Ball Corporation, Desiccare Inc.
18.Linpac Packaging Limitied
19.Coveris Holdings SA
Frequently Asked questions
1. What is the market size of the Global Smart Tag Packaging Market in 2022?
Ans. The market size Global Market in 2022 was US$ 24.21 Billion.

2. What are the different segments of the Global Smart Tag Packaging Market?
Ans. The Global  Market  is divided into Application and Type.

3. What is the study period of this market?
Ans. The Global  Market will be studied from 2022 to 2029.

4. Which region is expected to hold the highest Global Smart Tag Packaging Market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global Smart Tag Packaging Market?
Ans. The Forecast Period of the market is 2023-2029 in the market.