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Smart Packaging Market - Forecast (2020 - 2025)

  • ID: 3339443
  • Report
  • March 2020
  • Region: Global
  • 108 Pages
  • IndustryARC
Smart Packaging Market Overview:

Smart Packaging is used extensively in various industries. Packaging integrated with different technologies like biosensors and Radio frequency identification technology is referred to as smart packaging. This type of packaging helps in increasing the shelf life of food and also reduces the damage that is caused to food. So, this helps in tracking the quality and safety of food by the customers.

North American region contributes the major share for the Smart Packaging market among the other countries. This is because of the highly present food and beverages industries and the pharmaceutical industries in the U.S., Canada and Mexico regions. The Smart Packaging Market is expected to reach $39.52 billion by 2025 at an estimated CAGR of 6.70%.

Smart Packaging Market Outlook:

Smart Packaging are undeniably important packaging materials for improving the quality of food. The Smart Packaging Market is divided into five different types like Active Smart Packaging, Interactive Packaging, Intelligent Packaging, Controlled Permeability packaging, Modified Atmosphere Packaging. Active food packaging is employed or used to protect the food from oxidation. These systems have oxygen scavengers which helps in eliminating the oxygen content and also protects the food from UV light. Iron powder or ascorbic acid is used as oxygen absorbers and are coated on the sachets. Intelligent smart packaging tells whether the food that is packed is blighted to the customers. The shelf life of the packaged food can also be estimated by employing indicator based intelligent smart packaging systems. Gas indicator based food packaging determines the oxygen or the carbon dioxide present inside the food. Biosensors is used to detect the pathogens and if there is a contact of pathogens with the antibodies then this system will display an alert to the customer. These are also used in pharmaceuticals to allow the safe dispensing of the medicine.

Smart Packaging Market Growth drivers:

One of the key growth drivers for the Smart Packaging is the increased consumer concerns over food safety, sustainability of food. Change in consumer’s lifestyle is also been growth drivers for the increase in consumption of Smart Packaging. Government regulations in various regions on wastage of food is also a driver for the Smart Packaging Market. The developments in printing processes in various industries has also been a driver for this market. The rising industrialization in various regions, safety and brand protection of a particular product are also some other drivers that are driving the Smart Packaging Market.

Smart Packaging Market Challenges:

The Smart packaging does not generate any waste and is also unsustainable for recycling which is a major challenge in the Smart Packaging Market. The research that is being done on finding more sustainable materials which can allow the implementation of sensor functionalities in a bio-degradable way is much less.

The research and development that is being done in the other types of Smart Packaging is very less which is also a challenge in the Smart Packaging Market. The process of integrating the thin film electronics into the packaging technologies is a very challenging task for the researchers.

The cost of the products that employ the smart packaging is very high where the customers are not willing to pay so much for these technologically advanced packing systems.

Smart Packaging Market Research Scope:

The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Smart Packaging Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.

Smart Packaging (SAP) Market Report: Industry Coverage

- Smart Packaging Market– By Type: Active smart packaging, Interactive smart packaging, Intelligent smart packaging, Controlled permeability smart packaging, Modified atmosphere packaging.

- Smart Packaging Market– By Packaging technology: Indicators, Biosensors, Gas sensors, Bar codes, RFID technology, 2D matrix codes, Quick response codes, Augmented matrix codes.

- Smart Packaging Market – By Packaging functionality: Protection, Containment, Communication, Convenience.

- Smart Packaging Market– By End user industries: Personal care industry, Food and beverages industry, Pharmaceuticals industry, Automotive industry.

The Smart Packaging Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.

The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico

  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Smart Packaging Market Key Players Perspective:

Some of the Key players in this market that have been studied for this report include: Amcor Limited, Bemis Company, ULMA Packaging, DuPont, Thin Film Electronics, Multisorb technologies and many more.

Market Research and Market Trends of Smart Packaging Market

  • An increasing trend in the Smart Packaging market is the growing demand for bio-based plastic film packaging. PreScouter, a research and laboratory headquartered at Chicago, have discovered products that are recyclable, reduced microbial activity and enhanced technologies in Smart Packaging Market.

  • MaXQ, a smart packaging solution by Amcor Limited has created a digital solution that can convert any type of serial code present on the packaging. This code can be read through smart phones easily and offers brand protection and real-time interaction with the customers.

  • Amcor Limited, headquartered at Melbourne, Australia, a key player in the packaging industry that produces flexible packaging, cartons and services to various industries like Food and Beverages, Pharmaceutical, Home and personal-care and many more has announced the acquisition of Bemis Company Inc. which is headquartered at Wisconsin, US, a company that manufactures flexible packaging. This acquisition helps in manufacturing many recyclable products.

  • PragmatIC FlexICs, a product by PragmatIC, a smart packaging solutions provider has developed smart packaging products with the NFC tags. NFC enabled smartphones are available where the customers have access to check the authencity of a product.

Note: Product cover images may vary from those shown

1. Smart Packaging Market - Overview
1.1. Definitions and Scope
2. Smart Packaging Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Smart Packaging Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Smart Packaging Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Smart Packaging Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
6. Smart Packaging Market– By Type (Market Size -$Million / $Billion)
6.1. Segment type Size and Market Share Analysis
6.2. Application Revenue and Trends
6.3. Segment Analysis by Type
6.3.1. Active Packaging Oxygen scavengers Carbon dioxide Scavengers and generators Modified antimicrobial polymers Oxygen absorbers Antioxidants Ethanol emitters
6.3.2. Interactive Packaging
6.3.3. Intelligent Packaging Time-temperature indicators Quality indicators
6.3.4. Controlled Permeability Packaging
6.3.5. Modified Atmosphere Packaging Active modified atmosphere packaging Passive modified atmosphere packaging
7. Smart Packaging Market– By Packaging Technology (Market Size -$Million / $Billion)
7.1. Indicators
7.2. Sensors
7.2.1. Biosensors
7.2.2. Gas sensors
7.3. Data carriers
7.3.1 Barcode
7.3.2 RFID
7.3.3 2D matrix codes
7.3.4 Quick response codes
7.3.5 Augmented matrix codes
8. Smart Packaging Market – By Packaging Function (Market Size -$Million / $Billion)
8.1. Active packaging
8.1.1 Protection
8.1.2 Containment
8.2. Intelligent packaging
8.2.1 Communication
8.3 Convenience
9. Smart Packaging Market – By End User Industry (Market Size -$Million / $Billion)
9.1. Market Size and Market Share Analysis
9.2. Application Revenue and Trend Research
9.3. Product Segment Analysis
9.3.1. Personal care industry
9.3.2. Food and beverages industry
9.3.3. Pharmaceuticals industry
9.3.4. Automotive industry
9.3.5. Others
10. Smart Packaging Market- By Geography (Market Size -$Million / $Billion)
10.1. Smart Packaging Market - North America Segment Research
10.2. North America Market Research (Million / $Billion)
10.2.1. Segment type Size and Market Size Analysis
10.2.2. Revenue and Trends
10.2.3. Application Revenue and Trends by type of Application
10.2.4. Company Revenue and Product Analysis
10.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
10.3. Smart Packaging Market- South America Segment Research
10.4. South America Market Research (Market Size -$Million / $Billion)
10.4.1. Segment type Size and Market Size Analysis
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
10.5. Smart Packaging Market- Europe Segment Research
10.6. Europe Market Research (Market Size -$Million / $Billion)
10.6.1. Segment type Size and Market Size Analysis
10.6.2. Revenue and Trends
10.6.3. Application Revenue and Trends by type of Application
10.6.4. Company Revenue and Product Analysis
10.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
10.7. Smart Packaging Market– APAC Segment Research
10.8. APAC Market Research (Market Size -$Million / $Billion)
10.8.1. Segment type Size and Market Size Analysis
10.8.2. Revenue and Trends
10.8.3. Application Revenue and Trends by type of Application
10.8.4. Company Revenue and Product Analysis
10.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia Hong Kong Rest of APAC
10.9. Smart Packaging Market– Middle East Segment and Africa Segment Research
10.10. Middle East & Africa Market Research (Market Size -$Million / $Billion)
10.10.1. Segment type Size and Market Size Analysis
10.10.2. Revenue and Trend Analysis
10.10.3. Application Revenue and Trends by type of Application
10.10.4. Company Revenue and Product Analysis
10.10.5. Middle East Segment Product type and Application Market Size Israel Saudi Arabia UAE
10.10.6. Africa Segment Analysis South Africa Rest of Middle East & Africa
11. Smart Packaging Market - Entropy
11.1. New product launches
11.2. M&A's, collaborations, JVs and partnerships
12. Smart Packaging Market Company Analysis
12.1. Market Share, Company Revenue, Products, M&A, Developments
12.2. Amcor Limited
12.3. Bemis Company
12.4. ULMA Packaging
12.5. DuPont
12.6. Thin Film Electronics
12.7. Multisorb technologies
13. Smart Packaging Market -Appendix
13.1. Abbreviations
13.2. Sources
14. Smart Packaging Market -Methodology Premium
14.1. Research Methodology
14.1.1. Company Expert Interviews
14.1.2. Industry Databases
14.1.3. Associations
14.1.4. Company News
14.1.5. Company Annual Reports
14.1.6. Application Trends
14.1.7. New Products and Product database
14.1.8. Company Transcripts
14.1.9. R&D Trends
14.1.10. Key Opinion Leaders Interviews
14.1.11. Supply and Demand Trends
Note: Product cover images may vary from those shown