Owing to increasing urban lifestyle and global population trends, the demand for ready-to-eat food and packaged, frozen has beheld a significant surge in demand in recent times.
With the supply of exotic fruits and vegetables, meat products, and frozen foods transcending geographical boundaries, the intelligent packaging industry has been focusing on the development of solutions that provide maximum food security while maintaining nutritional value at competitive prices. As a result, the Intelligent Packaging Market is set to witness a CAGR of 6.1% during 2021-2031.
What is Driving Demand for Intelligent Packaging Market?
A future of any product is dependent on its packaging and this holds utmost importance in the period where attractive and innovative yet durable packaging happens to be the need of the hour. Intelligent packaging not only protects the product but also monitors, sustainss and maintains its quality, along with ensuring the safety of the product.
It brings down human error and cost and also prevents ailments like food poisoning by warning the consumers. As a result, the intelligent packaging market is growing at a supreme speed courtesy of superior properties and trustworthy output by implementing this packaging system.
Moreover, it has the ability to gauge attributes like the inner atmosphere of the package. Also, by using intelligent packaging one can communicate the relevant information to the users.
Moreover, its unique functions like tracking, detecting, recording, and communication along with the application of scientific logic are creating a lot of traction among consumers which are further anticipated to increase the demand in the market.
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Food & Beverage Sector Driving the Demand for Intelligent Packaging Market
The growth of the intelligent packaging market is driven by several factors and one of the main factors is the food & beverage sectors. The food and beverage segment accounts for the fastest growth witnessed by this market mainly because of strict food safety policies worldwide.
The intelligent packaging market growth is severely boosted by the surging demand for solutions to maintain the quality of food products in terms of color, taste, and date of expiry. Similarly, the requirement of fresh and quality packaged food, growing concerns regarding the shelf life of the food product, and consumers' convenience are some of the major factors that drive the growth of this market.
US and Canada Intelligent Packaging Market Outlook
The intelligent packaging market earns most of its revenue from two countries, the United States and Canada. The reason behind the dominance in this region in terms of revenue in the intelligent packaging market is because increasing demand for frozen and packaged food products. Fast-paced lifestyles and hectic work schedules make packaged and frozen food products an ideal solution for a major chunk of the population.
Along with this, the dynamic government regulations related to food and safety and packaging, the rising demand for quality packaging in order to extend the shelf life of the product, and the intensions of achieving low food wastage are some of the factors that drive the growth of intelligent packaging market in this region. Also, the presence of some major key players like 3M that provide intelligent packaging solutions contributes to the truth of this market.
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Europe Demand Outlook for Intelligent Packaging Market
Intelligent packaging solutions in European countries are also growing steadily. The demand for shelf heating and cooling packaged products in the food & beverage industry is constantly going upwards.
Countries with a lower amount of temperature are likely to witness a spike in the demand for intelligent packaging solutions. It is also seen that surging buying capacity and drastically changing lifestyle of consumers is also playing a part in the growth of this market.
Who are the Key Manufacturers of Intelligent Packaging Market?
Some of the leading manufacturers of intelligent packaging market are
- American Thermal Instruments
- TemTime Corporation
- Avery Dennison
- R.R Donnelly Son’s & Company
- BASF SE
- Stora Enso
- International Paper
- Thin Film Electronics ASA
- Smartrac N.V.
- Huhtamki Group among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
Intelligent Packaging Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
By Product Type
- Corrosion Control Packaging
- Gas Scavengers
- Susceptor Packaging
- Moisture Control Packaging
- QR Code
By Technology Type
- Active Packaging
- Modified Packaging
- Intelligent Packaging
- Food & Beverages
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
- North America
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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