"Executive Summary Smart Packaging Market Size, Share, and Competitive Landscape
CAGR Value
Data Bridge Market Research analyses that the smart packaging market, valued at USD 24,937.91 million in 2022, will reach USD 39,299.49 million by 2030, growing at a CAGR of 5.85% during the forecast period of 2023 to 2030.
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Smart Packaging Industry Landscape
The smart packaging market is segmented based on technology, application, and end-user. Active packaging and intelligent packaging are two main technologies driving the market forward. Active packaging solutions are designed to extend the shelf life of products by interacting with the internal atmosphere of the packaging, while intelligent packaging incorporates features like sensors and indicators to provide real-time information about the condition of the product. In terms of application, the market is divided into food & beverages, healthcare, personal care, automotive, and others. The food & beverages segment is witnessing significant growth due to the increasing demand for food safety and quality assurance. The healthcare sector is also adopting smart packaging solutions to ensure the integrity and authenticity of pharmaceutical products. Additionally, the end-user segment includes retailers, manufacturers, and logistics companies that are integrating smart packaging solutions to enhance supply chain visibility and improve customer engagement.