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Smart Packaging Market

Smart Packaging Market

Smart Packaging Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

166

Base Year:

2022

Date

Feb - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1300

Segments Covered
  • By Technology By Technology Physical Tests, Spectroscopy & Photometric-Based, Chromatography-Based
  • By End-user Vertical By End-user Vertical Food, Beverage, Healthcare, Personal Care, Other End-user Verticals
  • By Region By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
  • By Type By Type Physical, Chemical, Microbiological
  • By Material By Material Glass, Plastic, Paper, Metals
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 14.55 Billion
Revenue 2030Revenue 2030: USD 35.79 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 11.90%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Smart Packaging Market Share

Smart Packaging Market: By Type, Material Type, Technology, Industry, and Region

Market Synopsis:

The global Smart Packaging market was estimated to be valued USD 14.55 Billion in 2022 and is projected to attain a value of USD 35.79 Billion by 2030 at a CAGR of around 11.90% over the forecast period, 2022–2028. Packaging industry has become one of the most important parts of ecommerce, food, and pharmaceutical industries. Thus, it is crucial to ensure that all the products are packed in a proper manner as per the safety standards laid down by international bodies for food packaging. There are many companies involved in providing food packaging testing services as there is a huge demand for such companies. This is because of the growing health and safety concerns among people. Thus, it becomes important to carry out packaging testing in accordance with international standards for food safety and maintain its quality.

Smart Packaging Market Size, 2022 To 2030 (USD Billion)

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Packaging Standardization for Safety and Integrity of Packaged Products to Drive Smart Packaging market

Today's food market is among the most competitive markets in the world. Nowadays, it is essential for manufacturers to have complete control over the quality of their products at all stages of production. The regulatory requirements are also becoming more complex around the world. As a result, packaging testing is becoming increasingly important as manufacturers feel the need to ensure food safety and product quality.

As the packaging industry is becoming more specialized, so are the testing issues involved. This requires specialist knowledge and equipment to handle the complexities of today's products' designs and processes. As a result, it becomes necessary to test food, chemical, and pharmaceutical packages in order to ensure their safety and integrity throughout distribution.

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Market Segmentation:

Global Smart Packaging market is segmented by type (physical, chemical, microbiological), by material (glass, plastic, paper, metals), by technology (physical tests, spectroscopy & photometric-based, chromatography-based), by industry, and region.

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By Type, Physical Packaging Testing to Dominate Smart Packaging market

Packaging manufacturers are increasingly implementing improved packaging designs. These new, multi-layered designs demand extensive testing to ensure that the integrity of the pack is not compromised by internal or external forces. This has led to an increased demand for physical testing equipment, including drop testers, pull testers, spectroscopy tools and penetrometers among others. Physical testing equipment is used to give a physical profile of the product. This includes testing for material tension, package integrity, and product shelf life.

By Material, Plastic to Lead Smart Packaging market

Today, plastic is widely used packaging material. This can be attributed to various key benefits it offers such water resistance, stronger than other material, lightweight, higher flexibility in shaping and sizing plastic over other materials. However, with the growing concerns about environment and rising plastic pollution to hamper its demand to some extent. On the other hand, plastic is being increasingly preferred in developing countries around the globe due to its cost-effectiveness, easy availability, and great barrier properties against gas and moisture, among others.

Asia Pacific is the Largest Smart Packaging market

Packaging plays an important role to protect and deliver food or manufactured goods safely. Packaging testing is one of the tools used by quality assurance departments in various industries to ensure product safety for consumers and end users. Asia Pacific is projected to lead the global Smart Packaging market due to strong consumer base and wide scale presence of pharmaceutical, food processing, and e-commerce companies in the region. Wherein, China is holding major share of the market. About 33% of the Asia Pacific's share in the global Smart Packaging market is contributed by China due to the presence of pharmaceutical, food processing and e-commerce companies in China. For instance, Alibaba Group, one of the largest e-commerce firms in China delivers goods through its supply chain network.

Key Players:

Bureau Veritas SA (France), SGS S.A. (Switzerland), Eurofins Scientific SE (Luxembourg), Intertek Group Plc. (U.K.), Mérieux NutriSciences Corporation (U.S.), TÜV SÜD AG (Germany), ALS Limited (Australia), National Technical Systems, Inc. (U.S.), Microbac Laboratories, Inc. (U.S.), EMSL Analytical Inc. (U.S.), and Campden BRI (U.K.).

Smart Packaging Market is segmented as follows:

Parameter Details
Segments Covered

By Technology

  • Physical Tests
  • Spectroscopy & Photometric-Based
  • Chromatography-Based

By End-user Vertical

  • Food
  • Beverage
  • Healthcare
  • Personal Care
  • Other End-user Verticals

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

By Type

  • Physical
  • Chemical
  • Microbiological

By Material

  • Glass
  • Plastic
  • Paper
  • Metals

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Bureau Veritas SA (France)
  • SGS S.A. (Switzerland)
  • Eurofins Scientific SE (Luxembourg)
  • Intertek Group Plc. (U.K.)
  • Mérieux NutriSciences Corporation (U.S.)
  • TÜV SÜD AG (Germany)
  • ALS Limited (Australia)
  • National Technical Systems Inc. (U.S.)
  • Microbac Laboratories Inc. (U.S.)
  • EMSL Analytical Inc. (U.S.)
  • and Campden BRI (U.K.)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Smart Packaging Market is tabulated as follows:

FAQ
Frequently Asked Question
  • The global Smart Packaging valued at USD 14.55 Billion in 2022 and is expected to reach USD 35.79 Billion in 2030 growing at a CAGR of 11.90%.

  • The prominent players in the market are Bureau Veritas SA (France), SGS S.A. (Switzerland), Eurofins Scientific SE (Luxembourg), Intertek Group Plc. (U.K.), Mérieux NutriSciences Corporation (U.S.), TÜV SÜD AG (Germany), ALS Limited (Australia), National Technical Systems, Inc. (U.S.), Microbac Laboratories Inc. (U.S.), EMSL Analytical Inc. (U.S.), and Campden BRI (U.K.).

  • The market is project to grow at a CAGR of 11.90% between 2023 and 2030.

  • The driving factors of the Smart Packaging include

    • Packaging Standardization for Safety and Integrity of Packaged Products

  • Asia Pacific was the leading regional segment of the Smart Packaging in 2022.