Smart Packaging Market size was valued at US$ 39.68 Bn in 2022 and the total revenue is expected to grow at 4.56% through 2023 to 2029, reaching nearly US$ 54.23 Bn.

Smart Packaging Market Overview:

This study categorises the Smart Packaging market in order to anticipate revenues and analyse trends in each of the sub-markets listed below.

The Competition Strategic Window investigates the competition landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their strengths and future growth possibilities.

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Smart Packaging Market Scope:

The Smart Packaging Industry research provides readers with a more in-depth insight of the market and competitive landscape, helping them to make better decisions on market growth and expansion. The study includes a participant summary, revenue figures, capital investment, and worldwide Smart Packaging market growth rates.

Smart Packaging Market Segmentation:

According to Packaging Technology, the largest share of the market in 2022 went to modified atmosphere packaging. This segment's large share is mostly due to the rising demand for high-quality, freshly packaged foods like bread, fruits, vegetables, processed meat, fish, and seafood, as well as dairy products.

Modified atmosphere packaging is becoming more and more necessary in the market due to factors like growing economies, the on-the-go lifestyle, and the shift toward convenient and easy-to-handle packaging. Conversely, the market for intelligent packaging is anticipated to expand at the quickest clip over the course of the projection.

The pharmaceutical segment is expected to grow at the highest rate during the forecast period, with a predicted CAGR of xxx%, based on application. This segment is growing at an exponential rate due to innovations in the pharmaceutical industry as well as the increased integration of barcodes, RFID, and sensor technologies to monitor information such as medication doses, expiration dates, and consumption. But in 2022, the food and beverage industry accounted for the lion's share of the market.

1 Global Smart Packaging Market, by Packaging Technology (2022-2029)

•Active Packaging

o Oxygen Scavenger
o Moisture Scavengers
o Antibacterial Films
o Others

•Intelligent Packaging
•Indicators
•Sensors

o Bio Sensors
o Gas Sensors

•Data Carriers

o Barcodes
o RFID Tags

2 Global Smart Packaging Market, by Application (2022-2029)
•Food & Beverages
•Pharmaceuticals
•Automotive
•Personal Care
•Others
3 Global Smart Packaging Market, by Material (2022-2029)
• Solid
• Liquid
4 Global Smart Packaging Market, by Level of Packaging (2022-2029)
• Primary Packaging
• Secondary Packaging
• Tertiary Packaging

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Smart Packaging Market Key Players: The key players are

1. 3M
2. Avery Dennison Corporation
3. American Thermal Instruments
4. Temptime Corporation
5. Smartrac N.V.
6. BASF SE
7. Thin Film Electronics
8. Stora Enso
9. International Paper
10.Amcor Plc.
11.Emerson Electric Co.
12.R.R. Donnelly & Sons (RRD) Company
13.Sealed Air Corporation
14.Smartglyph Ltd.
15.Huhtamaki Group
16.Other Key Players

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Smart Packaging Market Regional Analysis:

The Smart Packaging market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Smart Packaging market share and will continue to be a major shareholder in the global Smart Packaging market.

COVID-19 Impact Analysis on Smart Packaging Market: The COVID-19 impact on the Smart Packaging market is also included in the report

Key Questions Answered in the Smart Packaging Market Report are:

• What will be the CAGR of the Smart Packaging market during the forecast period?
• Which segment emerged as the leading segment in the Smart Packaging market?
• Which are the prominent players in the Smart Packaging market?

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