The global smart packaging market size was valued at USD 37.89 billion in 2018 and is expected to reach USD 49.53 billion in 2026, growing at a CAGR of 5.3% between 2019 and 2026. The major benefits of using smart packaging system are the minimization of cost, prevent the people from food wastage, reduction in human errors, and rejuvenating the brand.
The market is driven by various factors such as increased purchasing power and consumer lifestyle, rising population and growing demand for functional and smart packaging, and increasing consumer awareness for reduction of food wastage is estimated to drive the smart packaging market over the forecast period. However, the absence of integrators, high cost, better product designers, limited availability, lack of consumer awareness, and the high price of plastic materials are expected to impede the demand of the market. Nevertheless, elevation of printed technology is a major opportunity to the global smart packaging during the projected years.
The smart packaging market is segmented into technology, application, and region On the basis of type, the smart packaging market is divided into active packaging, intelligent packaging, and modified atmosphere packaging (MAP). Active packaging segment held the largest market share in 2017. Active packaging has some characteristic such as it controls bacteria growth, maintains food quality and freshness and is also used to release internal gas. There has been an increase in the applications owing to the availability of different forms such as plastic, plastic films, and the fabric expects to propel the industry growth. Growing industrialization in developing countries such as China and India along with rapid demand for supply chain management and superior logistics is projected to enhance demand for smart packaging in near future. Intelligent packaging is one of the fastest growing segments of smart packaging market. It has shown around 15% CAGR and has accounted for around 26% market share in 2017. Growing application in the end-user industries such as automotive OEM, food & beverage, metal wrapping, and pharmaceutical are likely to set a new wing to the smart packaging market.
In North America, the rising purchasing power of consumers and increase health awareness are projected to propel the smart packaging industry in the years to come. North America accounted for the highest market share of the smart packaging market in 2017 followed by Europe and the Asia Pacific and it accounted for around 45% market share in 2017. Swift growth of industries such as automotive, food & beverage, manufacturing, pharmaceutical, and logistics coupled with recovery of economic slowdown is anticipated to fuel the demand during the forecast period. The U.S. dominated the smart packaging market followed by Canada. To fulfill the large demands of the food industry, imports of food from other region has significantly increased and it will be the key driver for the smart packaging market in the region.
Europe is the second largest market for smart packaging market after North America. The region is projected to exhibit a significant growth rate owing to rising government emphasis to lower down the toxic content of packaging material. Moreover, the rising working population is resulting into the increase of ready-to-eat food in the region, which is expected to boost the smart packaging market in coming years.
The Asia Pacific is emerging as the potential market for smart packaging. It accounted for around 13% market shares in 2017 and it is estimated to be the fastest growing region in the near future on account of rising lifestyle and increasing purchasing power of people. Additionally, the aging population in the region and the presence of emerging economy are also fueling the market growth in the near future.
The Middle East & Africa and Latin America are projected to witness significant growth rate in the coming years owing to the availability of raw material in the region and rising working population thus accelerating the market growth during the forecast period.
The key manufacturers in the global smart packaging market are E. I. Du Pont De Nemours and Company, Multisorb Technologies Inc., Amcor Limited, BASF SE, RR Donnelley, Sealed Air Corporation, Huhtamaki Group, PakSense Meadwestvaco Corporation, and Stora Enso OYJ.
Segmentation:
Smart Packaging Market: Type
Smart Packaging Market: Application Analysis
Smart Packaging Market: Region Analysis
Table of Contents
Section 1. Introduction
1.1. Report description and scope
1.2. Research scope
1.3. Research methodology
1.3.1. Market research process
1.3.2. Market research methodology
Section 2. Executive Summary
2.1. Global smart packaging market, 2016 - 2026 (Kilo Tons)(USD Billion)
2.2. Global smart packaging market: Snapshot
Section 3. Smart Packaging - Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.2.1. Rising demand for functional and smart packaging and the increasing consumer awareness for reduction of food wastage
3.2.2. Increasing purchasing power and consumer lifestyle, and rising population
3.3. Market Restraints
3.3.1. Limited availability, lack of consumer awareness, and high price, of plastic materials
3.3.2. The absence of integrators, high cost, and better product designers
3.4. Opportunities
3.4.1. Elevation of Printed Technology
3.5. Porter's Five Forces Analysis
3.6. Market Attractiveness Analysis
3.6.1. Market attractiveness analysis by type
3.6.2. Market attractiveness analysis by application
3.6.3. Market attractiveness analysis by region
Section 4. Smart Packaging - Competitive Landscape
4.1. Company market share analysis, 2018 (subject to data availability)
4.2. Strategic Development
4.2.1. Acquisitions & Mergers
4.2.2. New Products Launch
4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
Section 5. Smart Packaging Market - Type Analysis
5.1. Global smart packaging market: type overview
5.1.1. Global smart packaging volume share by type, 2018 and 2026
5.2. Active Packaging
5.2.1. Global smart packaging market by active packaging, 2016 - 2026 (Kilo Tons) (USD Billion)
5.3. Intelligent Packaging
5.3.1. Global smart packaging market by intelligent packaging, 2016 - 2026 (Kilo Tons) (USD Billion)
5.4. Modified Atmosphere Packaging (MAP)
5.4.1. Global smart packaging market by modified atmosphere packaging (MAP), 2016 - 2026 (Kilo Tons) (USD Billion)
Section 6. Smart Packaging Market - Application Analysis
6.1. Global smart packaging market: application overview
6.1.1. Global smart packaging volume share by application, 2018 and 2026
6.2. Personal Care
6.2.1. Global smart packaging market for personal care, 2016 - 2026 (Kilo Tons) (USD Billion)
6.3. Food & Beverage
6.3.1. Global smart packaging market for food & beverage, 2016 - 2026 (Kilo Tons) (USD Billion)
6.4. Healthcare
6.4.1. Global smart packaging market for healthcare, 2016 - 2026 (Kilo Tons) (USD Billion)
6.5. Automotive
6.5.1. Global smart packaging market for automotive, 2016 - 2026 (Kilo Tons) (USD Billion)
6.6. Others
6.6.1. Global smart packaging market for other applications, 2016 - 2026 (Kilo Tons) (USD Billion)
Section 7. Smart Packaging Market - Regional Analysis
7.1. Global Smart Packaging Market: Regional Overview
7.1.1. Global Smart Packaging Market Volume Share, by Region, 2018 and 2026
7.2. North America
7.2.1. North America smart packaging market, 2018 - 2026 (Kilo Tons) (USD Billion)
7.2.2. North America smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.2.3. North America smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.2.4. North America smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.2.5. North America smart packaging market revenue, by application, 2018
7.2.6. - 2026 (USD Billion)
7.2.7. The U.S.
7.2.7.1. U.S. smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.2.7.2. U.S. smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.2.7.3. U.S. smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.2.7.4. U.S. smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
7.3. Europe
7.3.1. Europe smart packaging market, 2018 - 2026 (Kilo Tons) (USD Billion)
7.3.2. Europe smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.3.3. Europe smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.3.4. Europe smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.3.5. Europe smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
7.3.6. UK
7.3.6.1. UK smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.3.6.2. UK smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.3.6.3. UK smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.3.6.4. UK smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
7.3.7. France
7.3.7.1. France smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.3.7.2. France smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.3.7.3. France smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.3.7.4. France smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
7.3.8. Germany
7.3.8.1. Germany smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.3.8.2. Germany smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.3.8.3. Germany smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.3.8.4. Germany smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
7.4. Asia Pacific
7.4.1. Asia-Pacific smart packaging market, 2018 - 2026 (Kilo Tons) (USD Billion)
7.4.2. Asia-Pacific smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.4.3. Asia-Pacific smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.4.4. Asia-Pacific smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.4.5. Asia-Pacific smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
7.4.6. China
7.4.6.1. China smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.4.6.2. China smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.4.6.3. China smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.4.6.4. China smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
7.4.7. Japan
7.4.7.1. Japan smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.4.7.2. Japan smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.4.7.3. Japan smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.4.7.4. Japan smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
7.4.8. India
7.4.8.1. India smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.4.8.2. India smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.4.8.3. India smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.4.8.4. India smart packaging market revenue, by application, 2018 - 2026 (USD Billion
7.5. Latin America
7.5.1. Latin America smart packaging market, 2018 - 2026 (Kilo Tons) (USD Billion)
7.5.2. Latin America smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.5.3. Latin America smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.5.4. Latin America smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.5.5. Latin America smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
7.5.6. Brazil
7.5.6.1. Brazil smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.5.6.2. Brazil smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.5.6.3. Brazil smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.5.6.4. Brazil smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
7.6. Middle East & Africa
7.6.1. Middle East & Africa smart packaging market, 2018 - 2026 (Kilo Tons) (USD Billion)
7.6.2. Middle East & Africa smart packaging market volume, by type, 2018 - 2026 (Kilo Tons)
7.6.3. Middle East & Africa smart packaging market revenue, by type, 2018 - 2026 (USD Billion)
7.6.4. Middle East & Africa smart packaging market volume, by application, 2018 - 2026 (Kilo Tons)
7.6.5. Middle East & Africa smart packaging market revenue, by application, 2018 - 2026 (USD Billion)
Section 8. Company Profiles
8.1. E. I. Du Pont De Nemours and Company
8.1.1. Company Overview
8.1.2. Financials
8.1.3. Product Portfolio
8.1.4. Business Strategy
8.1.5. Recent Developments
8.2. Multisorb Technologies Inc.
8.2.1. Company Overview
8.2.2. Financials
8.2.3. Product Portfolio
8.2.4. Business Strategy
8.2.5. Recent Developments
8.3. Amcor Limited
8.3.1. Company Overview
8.3.2. Financials
8.3.3. Product Portfolio
8.3.4. Business Strategy
8.3.5. Recent Developments
8.4. BASF SE
8.4.1. Company Overview
8.4.2. Financials
8.4.3. Product Portfolio
8.4.4. Business Strategy
8.4.5. Recent Developments
8.5. RR Donnelley
8.5.1. Company Overview
8.5.2. Financials
8.5.3. Product Portfolio
8.5.4. Business Strategy
8.5.5. Recent Developments
8.6. Sealed Air Corporation
8.6.1. Company Overview
8.6.2. Financials
8.6.3. Product Portfolio
8.6.4. Business Strategy
8.6.5. Recent Developments
8.7. The Sherwin-William Company
8.7.1. Company Overview
8.7.2. Financials
8.7.3. Business Strategy
8.7.4. Product Portfolio
8.7.5. Recent Developments
8.8. Huhtamaki Group
8.8.1. Company Overview
8.8.2. Financials
8.8.3. Business Strategy
8.8.4. Product Portfolio
8.8.5. Recent Developments
8.9. PakSense Meadwestvaco Corporation
8.9.1. Company Overview
8.9.2. Financials
8.9.3. Business Strategy
8.9.4. Product Portfolio
8.9.5. Recent Developments
8.10. Stora Enso OYJ
8.10.1. Company Overview
8.10.2. Financials
8.10.3. Business Strategy
8.10.4. Product Portfolio
8.10.5. Recent Developments
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers