Active Smart and Intelligent Packaging Market : Global Share, Size, Growth, Trends & Outlook ( 2023 – 2032 )
Active Smart and Intelligent Packaging Insights:
Active smart and intelligent packaging refers to packaging technologies that are designed to supply additional functionality beyond basic protection and containment of the merchandise. These sorts of packaging can help extend the period of food products, provide information to consumers, and offer enhanced safety and security measures.
Active packaging refers to packaging that contains a lively component that interacts with the contents of the package to enhance its quality or safety. for instance, oxygen scavengers are often added to the packaging to get rid of oxygen and help extend the time of food products. Similarly, moisture absorbers are often wont to prevent spoilage by reducing the quantity of moisture within the package. Intelligent packaging, on the opposite hand, refers to packaging that has the power to sense and communicate information about the contents of the package. this will include indicators that change color to point to the freshness of the Radio Frequency Identification (RFID) tags which will provide information about the product's origin and handling.
Active Smart and Intelligent Packaging Market
The active smart and intelligent packaging market has been growing steadily in recent years and is predicted to still do so within the coming years. The worldwide active and intelligent packaging market is projected to succeed in $43.5 billion by 2025, with a compound annual rate of growth (CAGR) of 5.93% from 2020 to 2025. The expansion of the active smart and intelligent packaging market is being driven by several factors, including the increasing demand for food safety and quality, the necessity to scale back garbage and improve supply chain efficiency, and therefore the growing trend of convenience packaging.
The active packaging segment is predicted to dominate the market, because it provides additional functionality to the packaging material itself, like oxygen scavenging or moisture absorption. The Asia Pacific region is predicted to be the fastest-growing marketplace for active smart and intelligent packaging, thanks to the increasing demand for packaged food and beverages, also because of the growing awareness of food safety and quality.
Active Smart and Intelligent Packaging Key Drivers:
The active smart packaging market is driven by several factors, including::
- Government regulations and initiatives: Governments around the world are implementing regulations and initiatives that promote the utilization of active smart packaging technologies to enhance product safety and reduce waste.
- Growing awareness about food waste: Active smart packaging technologies can help to scale back food waste by providing real-time information about the freshness of a product.
- The growing trend of convenience packaging: Consumers are increasingly seeking convenient packaging solutions that are easy to use and transport. Active smart and intelligent packaging can provide added convenience, like self-heating or cooling capabilities.
- Increasing demand for food safety and quality: Consumers are increasingly concerned about the security and quality of the food they consume. Active smart and intelligent packaging can help address these concerns by providing real-time monitoring and communication capabilities, also as additional functionality to enhance the security and quality of the merchandise.
- Increasing demand for sustainable packaging: Consumers are increasingly concerned about the environmental impact of packaging. Active smart and intelligent packaging can help reduce the environmental impact by extending the time of food products and reducing the quantity of packaging required.
- Increasing demand for track and trace: The increasing demand for track and trace technologies in the food, pharmaceutical, and other industries is additionally driving the active smart packaging market.
- Need to reduce garbage and improve supply chain efficiency: Active smart and intelligent packaging can help reduce garbage by extending the time of food products and providing better tracking and monitoring capabilities throughout the availability chain.
- Rising e-commerce sales: The expansion of e-commerce has increased the demand for active smart packaging technologies which will monitor the condition of products during transit.
- Technological advancements: Advancements in technology, like sensors, RFID tags, and other communication technologies, are making it easier and less expensive to implement active smart, and intelligent packaging solutions.
Active Smart and Intelligent Packaging Market Key Trends and Developments:
The market has witnessed several key trends and developments in recent years. Some of the notable ones include:
- Creation of environmentally friendly and biodegradable packaging: The demand for environmentally friendly and biodegradable packaging is growing as consumers become more environmentally conscious. As a result, environmentally friendly, intelligent, and simple-to-recycle packaging solutions have emerged.
- Active packaging solutions are getting popular: To reinforce product quality and extend production time, the food and beverage industry is increasingly utilizing active packaging solutions like oxygen absorbers, moisture absorbers, and antimicrobial agents.
- Nanotechnology adoption increases: Nanotechnology is progressively utilized in dynamic savvy and wise bundling because it empowers the making of bundling materials with further developed properties prefer boundary properties and antimicrobial movement.
- Combination of IoT and RFID advancements: Advanced packaging solutions that are capable of providing information about products in real-time, like their location, temperature, and humidity, are made possible by the incorporation of IoT and RFID technologies into active smart and intelligent packaging.
Active Smart and Intelligent Packaging Market Segmentation:
The market can be segmented based on the following factors:
- By application: Food & Beverages, Pharmaceuticals, Consumer Goods
- By functionality: Temperature Sensing, Humidity Sensing, Time-Temperature Sensing, RFID Tagging
- By type of material: Plastic, Paper, Metal
- By distribution channel: Direct, Indirect, Online
- By end-user industry: Food & Beverages, Pharmaceuticals, Healthcare, Consumer Goods
- By type of technology: Temperature Indicators, Humidity Indicators, Time-Temperature
- By region: North America, Europe, Asia-Pacific, Rest of the World (RoW)
Active Smart and Intelligent Packaging Regional Synopsis:
North America is the largest market for active smart and intelligent packaging, driven by the increasing demand for convenience and sustainability in the packaging industry. The market was valued at $6.2 billion in 2019 and is expected to grow at a CAGR of 6.5% from 2020 to 2025. The food and beverage segment dominates the market due to the high consumption of packaged food and growing concerns about food safety and quality. Europe is the second-largest market for active smart and intelligent packaging, driven by strict regulations on food safety and environmental sustainability. The healthcare segment is expected to grow significantly due to the increasing demand for personalized medicine and remote patient monitoring. The market is expected to grow at a CAGR of around 7.2% from 2020 to 2025 against a valuation of $4.3 billion in 2019.
Asia-Pacific is the fastest-growing market for active smart and intelligent packaging, driven by rapid urbanization, increasing disposable income, and changing consumer preferences. In 2019, the market in the region was estimated at around $3.9 billion which is expected to grow at a CAGR of 9.8% during the forecast period of 2020 to 2025. The food and beverage segment dominates the market due to the high consumption of packaged food and growing concerns about food safety and quality.
The Rest of the World region includes Latin America, the Middle East, and Africa. The market which was earlier estimated at around $1.6 billion is expected to grow steadily at a CAGR of 6.7% during 2020-2025 due to the increasing demand for premium packaging and the adoption of advanced technologies in the packaging industry.
Active Smart and Intelligent Packaging Market in Japan
Japan may be a significant marketplace for active smart and intelligent packaging, driven by the high demand for packaged food, healthcare products, and consumer electronics. The country features a well-established packaging industry that emphasizes safety, quality, and sustainability. The active smart and intelligent packaging market in Japan is predicted to succeed in a market price of $1.3 billion by 2025, with a CAGR of 7.1% from 2020 to 2025. The Japanese market size was estimated at $0.9 billion in 2019.
The food and beverage segment dominates the market thanks to the high consumption of packaged food and growing concerns about food safety and quality. The healthcare segment is predicted to grow significantly thanks to the aging population, the increasing prevalence of chronic diseases, and therefore the adoption of personalized medicine. the utilization of advanced technologies, like RFID tags, time-temperature indicators, and QR codes, is increasing within the Japanese packaging industry to supply real-time tracking and monitoring of the product's location and condition.
Active Smart and Intelligent Packaging Market Key Challenges:
The market faces several key challenges that could potentially impact market growth and profitability. Some of the key challenges include:
- Higher cost: The value of active smart packaging technologies is often a big barrier for a few manufacturers and consumers, making it difficult for these technologies to be adopted on a good scale.
- Lack of standardization: There's currently a scarcity of standardization within the active smart packaging industry, which may make it difficult for manufacturers to develop and implement these technologies, and for consumers to know and use them effectively.
- The limited period of smart packaging: Several active and smart packaging materials have a limited period, which may be a drag for products with longer shelf lives.
- Technological complexity: The mixing of active smart packaging technologies are often complex and requires expertise in both packaging and technology, which is a challenge for new and small companies to implement.
- Lack of awareness: Many consumers and makers might not know the advantages of active smart packaging technologies, or might not understand the way to use them effectively, which may limit their adoption.
- Data security and privacy concerns: The data generated by active smart packaging technologies can raise concerns about data security and privacy, which can limit the utilization of active smart packaging in some applications.
Active Smart and Intelligent Packaging Market Global Key Players:
The global market is highly competitive, with several key players operating in the market. Some of the major players in the market include:
- Intelleflex Corporation: Intelleflex Corporation provides RFID-based active smart packaging solutions for a range of applications, including supply chain management and food safety.
- Sensitech Inc: Sensitech Inc is a provider of temperature monitoring solutions for the transportation and storage of temperature-sensitive products like food, pharmaceuticals, and chemicals.
- Avery Dennison Corporation: Avery Dennison Corporation is a global leader in the production of pressure-sensitive materials, including RFID tags and labels for active smart packaging.
- DuPont: DuPont is a global science company that develops a good range of materials and technologies, including active smart packaging solutions for food safety and security.
- Smartrac: Smartrac is a leading global provider of RFID and IoT products and solutions, including active smart packaging solutions for a spread of applications.
- Sato Holdings Corporation: Sato Holdings Corporation is a leading provider of barcode printing and RFID technology, including active smart packaging solutions for supply chain management and merchandise tracking.
- Zebra Technologies: Zebra Technologies provides a good range of knowledge capture and automatic identification solutions, including RFID and barcode technology, for active smart packaging applications.
- Checkpoint Systems: Checkpoint Systems is a global provider of merchandise availability solutions for the retail industry, including RFID and sensor-based active smart packaging solutions.