Connected Packaging Market Trends and Forecast
The future of the global connected packaging market looks promising with opportunities in the consumer electronic, food & beverage, healthcare, and personal care & cosmetic markets. The global connected packaging market is expected to reach an estimated $51.9 billion by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are increasing demand for smart and interactive packaging solutions, rising consumer interest in product authenticity & traceability, and growth in e-commerce & online retail sectors.
• Lucintel forecasts that active packaging will remain the largest segment over the forecast period.
• Within this market, food & beverage is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Connected Packaging Market
• USA: Avery Dennison launched a new range of RFID-enabled labels to enhance inventory management and product tracking for retailers.
• Germany: BASF announced a collaboration with local startups to develop smart packaging solutions aimed at improving food safety and reducing waste.
• China: Alibaba introduced blockchain-enabled packaging for high-value products to ensure authenticity and prevent counterfeiting in its supply chain.
• UK: Nestlé UK implemented QR code-enabled packaging across its product lines to provide consumers with detailed product information and enhance engagement.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Connected Packaging Market by Segment
The study includes a forecast for the global connected packaging market by type, technology, end use, and region.
Connected Packaging Market by Type [Value from 2018 to 2030]:
• Active Packaging
• Intelligent Packaging
• Interactive Packaging
• Others
Connected Packaging Market by Technology [Value from 2018 to 2030]:
• Near-Field Communication
• Quick-Response Code
• Radio Frequency Identification
• Others
Connected Packaging Market by End Use [Value from 2018 to 2030]:
• Consumer Electronics
• Food & Beverages
• Healthcare
• Personal Care & Cosmetics
• Others
Connected Packaging Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Connected Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies connected packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected packaging companies profiled in this report include-
• BALL CORPORATION
• Amcor
• 3M
• Temptime Corporation
• CONSTANTIA FLEXIBLES
• Klockner Pentaplast
• Graham Packaging Company
• Avery Dennison Corporation
• Emerson Electric Co
• American Thermal Instruments
Recent Development in the Connected Packaging Market
• Tetra Pak: Tetra Pak unveiled a new digital printing technology that allows for personalized and interactive packaging designs. This technology supports marketing campaigns and consumer engagement by enabling unique product experiences.
• Digimarc Corporation: Digimarc Corporation developed a digital watermarking technology that can be embedded in packaging materials, making products easily scannable for enhanced traceability and inventory management. This innovation is particularly beneficial for the food and beverage industry.
• Stora Enso: Stora Enso announced the launch of intelligent packaging solutions that integrate NFC (Near Field Communication) technology, enabling consumers to interact with products using their smartphones. This technology provides information on product origin, usage instructions, and promotional offers.
• Amcor: Amcor introduced a new line of connected packaging that uses IoT sensors to monitor environmental conditions such as temperature and humidity during transit. This initiative aims to ensure the quality and safety of perishable goods throughout the supply chain.
Features of the Global Connected Packaging Market
Market Size Estimates: Connected packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Connected packaging market size by type, technology, end use, and region in terms of value ($B).
Regional Analysis: Connected packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, technologies, end uses, and regions for the connected packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the connected packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the connected packaging market size?
Answer: The global connected packaging market is expected to reach an estimated $51.9 billion by 2030.
Q2. What is the growth forecast for connected packaging market?
Answer: The global connected packaging market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the connected packaging market?
Answer: The major drivers for this market are increasing demand for smart and interactive packaging solutions, rising consumer interest in product authenticity & traceability, and growth in e-commerce & online retail sectors.
Q4. What are the major segments for connected packaging market?
Answer: The future of the connected packaging market looks promising with opportunities in the consumer electronic, food & beverage, healthcare, and personal care & cosmetic markets.
Q5. Who are the key connected packaging market companies?
Answer: Some of the key connected packaging companies are as follows:
• BALL CORPORATION
• Amcor
• 3M
• Temptime Corporation
• CONSTANTIA FLEXIBLES
• Klockner Pentaplast
• Graham Packaging Company
• Avery Dennison Corporation
• Emerson Electric Co
• American Thermal Instruments
Q6. Which connected packaging market segment will be the largest in future?
Answer: Lucintel forecasts that active packaging will remain the largest segment over the forecast period.
Q7. In connected packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the connected packaging market by type (active packaging, intelligent packaging, interactive packaging, and others), technology (near-field communication, quick-response code, radio frequency identification, and others), end use (consumer electronics, food & beverages, healthcare, personal care & cosmetics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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