Press release
Smart Food Packaging Market Outlook 2032: Expected to Reach US$ 8.0 Billion by 2032, Growing at a CAGR of 5.8% from 2024
Download Sample Report Copy Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85208&utm_source=OpenPR_Sandeep&utm_medium=OpenPR
Analyst Viewpoint
The introduction of novel food technologies due to rising consumer and industrial demand for safe and protective food packaging is a key driver for the smart food packaging market. Smart food packaging enhances supply chain transparency by enabling real-time tracking and tracing of products, further fueling market growth. Additionally, companies are advancing food packaging technologies by incorporating nanotechnology, biotechnology, AI, and ML tools to meet this demand. Bio-based and biodegradable packaging solutions are also being developed to align with growing consumer eco-consciousness.
Market Scenario
Consumer demand for improved communication in packaging has led to the development of smart food packaging solutions. These solutions are anticipated to play a crucial role in the modern food packaging industry. Changes in food production, consumer lifestyles, and environmental awareness, coupled with advancements in nanotechnology and biotechnology, have driven the development of packages that extend shelf life and maintain food quality.
Smart packaging offers enhanced functionality, benefiting the entire supply chain. It is particularly effective for highly perishable products like fruits, vegetables, meat, poultry, milk, and dairy products. Active or connected packaging contributes to improved graphic design and digital printing, providing consumers with a curated digital experience. Embedded technology allows tracking and measuring product attributes, aiding supply chain integration.
Market Drivers
Unlocking of Unrealized Value in Supply Chain: Smart packaging enhances supply chain transparency and efficiency, enabling better inventory management and reducing the risk of product theft and unauthorized access.
Introduction of Novel Food Packaging Technologies: Rising demand for safe and protective food packaging is fostering innovation in food packaging technology, including advancements in biotechnology and nanotechnology. This drives the development of packages that extend shelf life while maintaining food quality.
Market Challenges
Stringent Safety and Regulatory Compliance: Food packaging must comply with strict regulations imposed by authorities, which vary by country. These regulations ensure the safety and quality of packaged food but pose challenges for manufacturers.
Regional Outlook
North America: Expected to hold a major market share due to technological innovations, rising consumer awareness, and stringent sustainable packaging regulations.
Europe: Projected to account for a considerable market share, driven by an innovative food sector, strong retail infrastructure, and sustainability initiatives.
Asia Pacific: Anticipated to record significant market growth due to the rising penetration of retail in countries like India and China and increasing consumer awareness about food safety.
Key Players
Key players in the global smart food packaging market are introducing new and innovative products and technologies to increase their market share. Companies profiled in the market report include:
Amcor Plc
Uflex Limited
Sonoco Products Co
Ball Corporation
Tetrapak Inc.
CCL Industries Inc
Timestrip Plc
Crown Holdings Inc
Vitsab International AB
Varcode, Ltd
LCR Hallcrest LLC
Zebra Technologies Corp.
Victory Packaging
3M Company
Huhtamaki Oyj
DS Smith plc
WestRock Company
Market Snapshot
Market Size Value in 2023: US$ 4.8 billion
Market Forecast Value in 2032: US$ 8.0 billion
Growth Rate (CAGR): 5.8%
Forecast Period: 2024-2032
Market Segmentation
Material:
Plastic (Polyethylene, Polypropylene, Polyethylene Terephthalate, Bioplastics, Others)
Paper
Metal (Steel)
Glass
Packaging Format:
Rigid Packaging (Corrugated Boxes, Folding Cartons, Bottles & Jars, Cans, Trays & Clamshells, Cutlery)
Flexible Packaging (Bags & Sacks, Films & Wraps, Pouches, Sachets & Stick Packs, Collapsible Tubes)
Technology:
Time Temperature Indicators (TTI)
Freshness Indicators
Oxygen & Carbon Dioxide Indicators
Barcode Labels
RFID Tags
QR Code Labels
End-use:
Meat, Poultry & Seafood
Fruits & Vegetables
Dairy Products
Bakery & Confectionery
Sauces & Condiments
Jams & Jellies
Snacks
Edible Oil
Processed Food Products
Regions Covered:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Countries Covered:
U.S.
Canada
Brazil
Mexico
Argentina
Germany
Spain
France
U.K.
Italy
Russia
BENELUX
Nordic
Poland
China
India
Japan
Australia
New Zealand
ASEAN
North Africa
GCC Countries
South Africa
Turkey
Competitive Landscape
The smart food packaging market (Markt für intelligente Lebensmittelverpackungen) is highly competitive with numerous local and global players. Companies are focusing on innovations to enhance their market share and meet the rising demand for smart packaging solutions. Here are some notable companies and their strategies:
Amcor Plc
Uflex Limited
Sonoco Products Co
Ball Corporation
Tetrapak Inc.
CCL Industries Inc
Timestrip Plc
Crown Holdings Inc
Vitsab International AB
Varcode, Ltd
LCR Hallcrest LLC
Zebra Technologies Corp.
Victory Packaging
3M Company
Huhtamaki Oyj
DS Smith plc
WestRock Company
Mondi Plc
International Paper Company
Stora Enso Oyj
Sealed Air Corporation Uflex Limited
Purchase Full Report Here: https://www.transparencymarketresearch.com/checkout.php?rep_id=85208<ype=S&utm_source=OpenPR_Sandeep&utm_medium=OpenPR
More Reports from Transparency Market Research
Pharmaceutical Cartridges Market (Markt für pharmazeutische Patronen): https://www.transparencymarketresearch.com/pharmaceutical-cartridges-market.html
Coffee Packaging Market (医薬品カートリッジ市場): https://www.transparencymarketresearch.com/coffee-packaging-market.html
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Food Packaging Market Outlook 2032: Expected to Reach US$ 8.0 Billion by 2032, Growing at a CAGR of 5.8% from 2024 here
News-ID: 3590793 • Views: …
More Releases from Transparency Market Research
Cloud Artificial Intelligence (AI) Solutions Market Poised for Exponential Growt …
The Global Cloud Artificial Intelligence (AI) Solutions Market (클라우드 인공지능(AI) 솔루션 시장) is set for remarkable growth, with projections indicating a leap from $38.1 billion in 2022 to an estimated $254.6 billion by 2031. This represents a robust compound annual growth rate (CAGR) of 24.1% over the forecast period of 2023 to 2031. The rapid expansion of the market reflects the transformative potential of cloud-based AI technologies across diverse industries.
Cloud-based…
Global Smart Agriculture Market Poised for Significant Growth, Expected to Excee …
The Global Smart Agriculture Market (スマート農業市場), valued at approximately US$ 10.02 billion in 2020, is set to experience robust expansion, with an anticipated compound annual growth rate (CAGR) of 13.30% from 2021 to 2031. Market analysts project that the sector will surpass US$ 39.02 billion by the end of the forecast period, driven by advancements in technology and increasing adoption of digital solutions in farming practices.
Download Sample PDF from Here-…
Real-Time Flood Monitoring & Warning System Market Expected to Grow at 6.2% CAGR …
The Global Real-Time Flood Monitoring and Warning System Market (실시간 홍수 모니터링 및 경고 시스템 시장), valued at over USD 184.1 million in 2020, is set to witness substantial growth over the next decade. According to industry analysts, the market is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2031, ultimately surpassing USD 359.5 million by the end of the forecast period.
The increasing…
Global Asset and Wealth Management Market Set for Explosive Growth, Projected to …
The Global Asset and Wealth Management Market (資産および資産管理市場), valued at US$ 3.5 billion in 2021, is projected to expand at a robust CAGR of 13.0% from 2022 to 2031, reaching a market value of US$ 11.8 billion by the end of the forecast period.
The asset and wealth management industry is witnessing rapid evolution, spurred by the integration of advanced technologies, regulatory changes, and shifting investor demographics. As technology plays an…
More Releases for Packaging
Personalized Packaging Market 2019 By Key Players: Owens Illinois, Salazar Packa …
Personalized Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Download PDF Sample of this Report @
http://www.supplydemandmarketresearch.com/home/contact/277379?ref=Sample-and-Brochure&toccode=SDMRCH277379&utm_source=S2
The following manufacturers are covered:
Owens Illinois
Salazar Packaging
Design Packaging
PrimeLine Packaging
International Packaging
Elegant Packaging
Pak Factory
ABOX Packaging
ACG Ecopak
CB Group
SoOPAK Company
Huhtamaki…
E-Commerce Packaging Market by Top Key Players - Pioneer Packaging, Arihant pack …
E-commerce packaging involves the use of materials for safe packaging of products sold by the e-commerce industry. E-commerce packaging plays a vital role in the consumers' perception about the e-retailer. It also indicates the perceived value of the item received. Packaging reflects the value of shipment in the e-commerce supply chain, that is, better the packaging, better the product inside it.
Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2904563
The E-Commerce…
Luxury Packaging Market 2019 SWOT Analysis By Top Key Players; MW Luxury Packagi …
Luxury Packaging Market report provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. The company profiles of all the key players and brands that are dominating the Luxury Packaging Market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned…
Global Luxury Packaging Market 2019 Top Key Players: MW Luxury Packaging, Progre …
Summary
WiseGuyReports.com adds “Luxury Packaging Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database.
This report provides in depth study of “Luxury Packaging Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Luxury Packaging Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as…
Top Manufacturer in Luxury Packaging Market 2019: MW Luxury Packaging, Progress …
Luxury packaging is used for packaging and decorating high-end products.An increase in the luxury product consumption rate and the number of product launches in the fashion and cosmetic sectors are some major factors driving the market growth.
The global Luxury Packaging market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives…
Personalized Packaging Market 2025 | Design Packaging, Inc., PrimeLine Packaging …
As per the new market report published by Research Report Insights titled ‘Personalized Packaging Market’: Global Industry Analysis and Forecast 2017-2025’, global personalized packaging market attained a value worth US$ 25,577.9 Mn in 2017 and will possibly thrive at a promising CAGR of 5.1% over the forecast period (2017-2025). The global personalized packaging market has witnessed solid growth during the past few decades, owing to the increasing trend of luxury…
