The global active, smart, and intelligent packaging market size, in terms of value, is estimated to be USD 26.6 billion in 2024. The overall market is further projected to reach USD 59.1 billion by 2034 by thriving at a CAGR of 8.3% from 2024 to 2034.
| Report Attribute | Details |
|---|---|
| Active, Smart, and Intelligent Packaging Market Size (2024) | USD 26.6 billion |
| Market Anticipated Forecast Value (2034) | USD 59.1 billion |
| Market Projected Growth Rate (2024 to 2034) | 8.3% CAGR |
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The global active, smart, and intelligent packaging market was valued at USD 19.4 billion in 2019. The global demand for active, smart, and intelligent packaging solutions increased at a rate of 4.8% between 2019 and 2023. The overall market value was about USD 24.6 billion by 2023.
The food & beverages along with the pharmaceutical sector being the prominent consumers of active, smart & intelligent packaging witnessed a negative during 2020 and 2021. However, in the subsequent year due to a sharp rise in demand for pharmaceutical vaccines and supplies the packaging with indicators of market growth during this period skyrocketed.
| Attributes | Details |
|---|---|
| Active, Smart, and Intelligent Packaging Market Value (2019) | USD 19.4 billion |
| Market Revenue (2023) | USD 24.6 billion |
| Market Historical Growth Rate (CAGR 2019 to 2023) | 4.8% CAGR |
The average consumer in all parts of the globe has witnessed rising income, which has led to higher expenditure and changes in consumption patterns. In addition, due to rapid urbanization in all regions, many consumers have witnessed a shift to a fast-paced lifestyle relying more on packaged food and beverage items.
Also, in the last decade, a surge in the number of modern retail outlets as well as modern trade has been further bolstered by the digital revolution. As more and more consumers switched preferences towards e-commerce, a fresh wave of online food retail and delivery services emerged.
All these developments have led to an increase in demand for fresh products with extended shelf-life, thus creating the perfect atmosphere for the growth of the active, smart, and intelligent packaging market.
The table below lists the countries that are figured to present the most lucrative growth opportunities for the regional technological packaging solutions market.
| Regional Market Comparison | CAGR (2024 to 2034) |
|---|---|
| United States | 7.9% |
| Germany | 7.7% |
| United Kingdom | 7.1% |
| India | 9% |
| China | 9.7% |
The active, smart, and intelligent packaging sales in the United States are projected to advance at 7.9% CAGR through 2034. Key highlights for the United States market include:
Demand for active, smart, and intelligent packaging solutions in the United Kingdom is projected to rise at a rate of 7.1% over the next ten years.
The active, smart, and intelligent packaging industry of China is to expand at a rate of 9.7% per year till 2034.
Germany is anticipated to hold almost 20% market share across Europe and advance at a rate of 7.7% per year till 2034.
Sales of active, smart, and intelligent packaging solutions are anticipated to increase at a rate of 9% between 2024 and 2034.
As per the study, the interactive packaging segment is likely to account for almost 41.6% of the total advanced packaging solutions market in 2024.
| Attributes | Details |
|---|---|
| Top Technology Type or Segment | Interactive Packaging |
| Market Share in 2024 | 41.6% |
Based on application, the bags and pouches segment is estimated to contribute 18.5% of the market demand in 2024.
| Attributes | Details |
|---|---|
| Top Application Type or segment | Bags & Pouches |
| Market Share in 2024 | 18.5% CAGR |
Globally renowned manufacturers across active, smart & intelligent packaging are eyeing to enter into strategic partnerships with major end use industries. They are also focusing on launching innovative packaging to satisfy modern-day packaging needs. Furthermore, the competition in the packaging with sensors market is expected to intensify through continuous product innovation by domestic and international manufacturers.
Recent Developments in the Global Active, Smart, and Intelligent Packaging Market
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 26.6 billion |
| Projected Market Size (2034) | USD 59.1 billion |
| Anticipated Growth Rate (2024 to 2034) | 8.3% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Packaging Type, By Application, and By Region |
| Key Companies Profiled | PakSense, Inc.; Landec Corporation; Sealed Air Corporation; Crown Holdings, Inc.; Amcor Plc; 3M Company; Timestrip UK Ltd.; Cryolog S.A.; Vitsab International AB; Varcode, Ltd.; LCR Hallcrest LLC; Thin Film Electronics ASA; CCL Industries Inc.; Temptime Corporation; Multisorb Technologies, Inc.; Coveris Holdings S.A. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global active, smart, and intelligent packaging market is estimated to be around USD 26.6 billion in 2024.
The global active, smart, and intelligent packaging market is to grow at 8.3% during the forecast period.
The global active, smart, and intelligent packaging market is predicted to be valued at USD 59.1 billion by 2034.
The global active, smart, and intelligent packaging market was valued at USD 19.4 billion in 2019.
China is predicted to witness a CAGR of 9.7% in adoption of active, smart, and intelligent packaging through 2034.
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