Global Smart Packaging Market

Smart Packaging Market Size, Share, Growth Analysis, By Technology(Active, modified, Intelligent), By End Use(Food & Beverages, Personal & Household Care, Consumer Goods, Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15Q2005 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 64 | Figures: 77

Smart Packaging Market Dynamics

Smart Packaging Market Drivers

Rise in E-Commerce is Bolstering Market Growth 

  • With the rise of e-commerce activities, the demand for packaging materials has increased significantly. The need for durable, secure, and lightweight packaging solutions for safe transportation of products has boosted the growth of the packaging market.

  • One of the most significant trends in the global Smart packaging market is the growing demand for sustainable packaging solutions. Consumers are increasingly concerned about the environmental impact of packaging, and companies are responding by offering eco-friendly alternatives. 

  • The escalating demand for enhanced supply chain visibility, where smart packaging technologies play a pivotal role in monitoring and optimizing the entire logistics process. Additionally, the growing emphasis on product authentication and anti-counterfeiting measures contributes to the market's expansion.

Smart Packaging Market Restraints

Transportation and Logistics Uncertainty to Hinder Market

  • Packaging materials and products need to be transported and stored before reaching the end-users. The costs of transportation and logistics can significantly impact the profit margins of packaging companies, especially those operating on a global scale. 

  • The high implementation costs associated with integrating smart technologies into packaging solutions. The initial investment required for incorporating RFID tags, sensors, and other intelligent features can be a barrier, especially for smaller businesses. Additionally, technological complexities pose a hurdle, as the seamless integration of smart packaging demands advanced expertise and resources.

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.



Smart Packaging Market size was valued at USD 252 billion in 2022 and is poised to grow from USD 267.62 billion in 2023 to USD 433.03 billion by 2031, at a CAGR of 6.2% during the forecast period (2024-2031).

The key market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also pursuing a variety of strategic actions to increase their footprint. In order to grow and remain in a market that is becoming more and more competitive, competitors in the packaging sector must provide affordable products. 'Amcor plc (Australia)', 'Sealed Air Corporation (US)', 'Berry Inc. (US)', 'Mondi plc (UK)', 'Sonoco Products Company (US)', 'WestRock Company (US)', 'Huhtamaki Oyj (Finland)', 'International Paper Company (US)', 'Coveris Holdings S.A. (Luxembourg)', 'AptarGroup, Inc. (US)', 'Smurfit Kappa Group plc (Ireland)', 'DS Smith plc (UK)', 'Bemis Company, Inc. (US)', 'Aptean (US)', 'Uflex Ltd. (India)', 'Graphic Packaging Holding Company (US)', 'Tetra Pak International S.A. (Switzerland)', 'Crown Holdings Inc. (US)', 'Gerresheimer AG (Germany)', 'Aptargroup Inc. (US)', 'RPC Group plc (UK)', 'SIG Combibloc Group AG (Switzerland)'

With the biggest market share in the smart packaging industry, Asia-Pacific is currently the largest packaging market in the world. The region's huge and expanding population, rising consumer expenditure, and growing urbanization are a few reasons for this. The demand for packaged goods is increasing along with the population in the Asia-Pacific region, particularly in the food and beverage and healthcare sectors. The emergence of organized retail and e-commerce sectors in the area as a result of the rapid urbanization has also increased the demand for packaging solutions. Additionally, a lot of businesses in the packaging sector have relocated their production operations to Asia-Pacific due to the region's affordable labor and welcoming business environment.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.


Feedback From Our Clients

Global Smart Packaging Market

Product ID: SQMIG15Q2005