Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Smart Food Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 2.1% during the review period (2022 to 2027)
Smart food packaging is developing as a primary need of companies, who imports and exports the food material. The smart food packaging system is mentioned to as a packaging technology embedded with the substances, which acts as a sensor. The technology is majorly used in the packaging of food, pharmaceuticals, and others. The food and other companies are focusing on high-quality packaging with advanced technologies to retain food safe for a long time. The increasing growth of such application indicates the growth of smart food packaging in the future years.
The Smart Food Packaging Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Amcor, Constantia Flexibles, Linpac Packaging, MULTIVAC, DowDuPont, Sealed Air, MicrobeGuard, UFP Technologies, Huhtamaki, Brodrene Hartmann, Sonoco, Berry Global, Ampac Holdings, International Paper and others.
JD Farm and Amcor jointly launch NFC-enabled flexible packaging in China
The jointly created NFC (Near Field Communication)-enabled packaging uses sector-leading technology to give consumers access to information about the quality, safety and origin of JD Farm’s products.
Packaging Digest highlighted NFC-enabled packaging as having ‘the potential to revolutionize the way customers interact with packaging’. The technology, which detects and then enables items in close proximity to communicate, can elevate packaging beyond its traditional functions. Integration of NFC can transform packaging into an interactive customer engagement tool, providing information about product production and origin, or grant access to exclusive content, such as recipes, cooking instructions and inspiration for specific products that could impact brand reputation and influence purchasing decisions.
By Type, it is segmented into
By Applications it is segmented into
In 2020, sales in the global Smart Food Packaging market were led by Europe, followed by North America. As governments place a greater emphasis on decreasing packaging's hazardous content, increasing demand is projected in Europe. Pharmaceutical business development is predicted to be fueled by increased R&D activities to ensure rigorous legal compliance. In 2020, North America will be the largest market, accounting for about half of the global market. In the future years, demand is expected to be driven by rapid expansion in industries such as pharmaceuticals, food and beverage, logistics, cars, and manufacturing, as well as a steady recovery from the recession. During the forecasted time, the Asia Pacific area is expected to have the most promising growth.
The expansion of Smart Food Packaging in various logistical industries is the most essential element with the rising use of RFID (Radio Frequency Identification) tags. In Asia Pacific, it is projected to stimulate demand for Smart Food Packaging. Consumers in Asia Pacific, particularly in developing nations like as China and India, are predicted to improve their health awareness and disposable money during the forecast period, reviving the region's pharmaceutical market.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 2.1% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Amcor, Constantia Flexibles, Linpac Packaging, MULTIVAC, DowDuPont, Sealed Air, MicrobeGuard, UFP Technologies, Huhtamaki, Brodrene Hartmann, Sonoco, Berry Global, Ampac Holdings, International Paper |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 133 |
Customization Available | Yes, the report can be customized as per your needs |
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Who are the key players in Smart Food Packaging Market?
Amcor, Constantia Flexibles, Linpac Packaging, MULTIVAC, DowDuPont, Sealed Air, MicrobeGuard, UFP Technologies, Huhtamaki, Brodrene Hartmann, Sonoco, Berry Global, Ampac Holdings, International Paper
What regions does this Smart Food Packaging Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Smart Food Packaging Market?
PVDC, EVOH, ABS, Composite Material
What are the major end-use applications of the Smart Food Packaging Market?
Fish & Seafood, Fruits and Vegetables, Bakery & Confectionery, Meat & Poultry, Dairy Foods, Ready to Eat Food
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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