Smart Packaging Market
Smart Packaging Market - Global Industry Assessment & Forecast
- 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
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||USD 13.88 Billion|
|Revenue 2028:||USD 33.00 Billion|
|Revenue CAGR (2022 - 2028):||12%|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
- 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 Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
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Smart Packaging Market: By Type, Material Type, Technology, Industry, and Region
The global Smart Packaging market was estimated to be valued USD 13.88 Billion in 2021 and is projected to attain a value of USD 33.00 Billion by 2028 at a CAGR of around 12% 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, 2021 To 2028 (USD Billion)
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.
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.
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:
Regions & Countries Covered
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
Smart Packaging Market is tabulated as follows:
Frequently Asked Question
The global Smart Packaging valued at USD 13.88 Billion in 2020 and is expected to reach USD 33.00 Billion in 2028 growing at a CAGR of 12%.
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 12% between 2021 and 2028.
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 2020.