About Intelligent Packaging
Intelligent Packaging is packaging which informs end-users a few aspects of the quality, nature or production history of the food. The intelligent packaging provides traceability, tracking and record keeping with supply chain from harvest and manufacture of food and packaging materials to point of sale. It is considered one of the fastest-growing segment in smart packaging because of increasing utilization of indicators, majorly time-temperature indicators. With the advancement in technology such as nanotechnology, printed electronics along with easy availability of materials with high capacity. With the emergence of the internet of things is booming as an advanced food safety management system that can monitor food waste and food loss.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.8% |
The market is fragmented by some of the leading players, they are highly focusing on the production of new technologies, improving efficiency and shelf life. These players are capturing growth opportunities by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Intelligent Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Jones Packaging (Canada), 3M (United States), Du Pont (United States), BASF (Germany), Amcor (Australia), Campden Bri (United Kingdom), Honeywell International Inc. (United States), Kezzler (Norway), SYSCO Corp. (United States) and Sealed Air Corp. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cosmo Films Limited (India), Water.io (Israel) and Stora Enso (Finland).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Packaging market by Type (Active Intelligent Packaging, Controlled Intelligent Packaging and Smart Intelligent Packaging), Application (Dairy Products, Meat & Seafood, Bakery Products, Confectionary Products and Others) and Region.
On the basis of geography, the market of Intelligent Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Food will boost the Intelligent Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Interactive Packaging {Barcodes, RFID Tags, Sensor –Enabled RFID Tags} will boost the Intelligent Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metal will boost the Intelligent Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Intelligent Packaging from the Manufacturers and Retailers for Having Information Regarding Food Products While Storage and Shipping
Market Growth Drivers:
Increasing usage of active components in food packaging, which required means of monitoring overall packaging conditions. This system also helps in reducing food waste, achieving higher food safety, consumer convenience and others.
Challenges:
Lack of Consumer Awareness
Restraints:
Required High Investment in Packaging as Compare to the Traditional Packaging Systems
Opportunities:
Advancement in Demographic and Economic, Along With Changing Lifestyle, Rising Demand for the Processed Food and Rising Manufacturers Attention towards Longer Life of Packed Goods and Increasing Health Awareness Along With Rising Concern towards Food Safety Issues
Market Leaders and their expansionary development strategies
In September 2021, Timestrip United kingdom Ltd. introduced a new temperature indicator for vaccines. The indicators will help in avoiding the wastage of vaccine supplies.
In Sep 2019, Kezzler and ARCA Etichette announced the strategic partnership to market Kezzler Authenticate. This solution authenticates in the pharmaceutical, chemical, cosmetics, and food industries. Kezzler is focusing on becoming a digital brand to provide an end-to-end solution which enable consumers to verify their products by consumers.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Intelligent Packaging Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.