How big is the Smart Packaging Market?

The Smart Packaging Market size is expected to reach USD 22.67 billion in 2024 and grow at a CAGR of 7.12% to reach USD 31.98 billion by 2029. Read More

What is the current Smart Packaging Market size?

In 2024, the Smart Packaging Market size is expected to reach USD 22.67 billion. Read More

Who are the key players in Smart Packaging Market?

Sealed Air Corporation, Amcor PLC, Ball Corporation, BASF SE and Huhtamaki OYJ are the major companies operating in the Smart Packaging Market. Read More

Which is the fastest growing region in Smart Packaging Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Packaging Market?

In 2024, the North America accounts for the largest market share in Smart Packaging Market. Read More

What years does this Smart Packaging Market cover, and what was the market size in 2023?

In 2023, the Smart Packaging Market size was estimated at USD 21.06 billion. The report covers the Smart Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Packaging Market - Size, Growth & Companies

Smart Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Smart Packaging Market Report is Segmented by Technology (Active Packaging and Intelligent Packaging), End-User Vertical (Food, Beverage, Healthcare, and Personal Care), and Geography (North America (the United States and Canada), Europe (Germany, The United Kingdom, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Smart Packaging Industry Overview

The intensity of competitive rivalry in the smart packaging market is moderately high and is expected to remain the same during the forecast period. Some of the major players in the market are Sealed Air Corporation, Amcor PLC, Ball Corporation, BASF SE, and Huhtamaki OYJ. Players in the market are adopting strategies such as partnerships, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

January 2024: NPP acquired Active Packaging Limited, a supplier of flexible packaging materials to the food, horticultural, and industrial sectors throughout Ireland. This strategic move was designed to fuse the best of both companies, promising customers a broader spectrum of packaging solutions. The focus is on upholding shared values of quality, sustainability, and customer-centricity. Through this acquisition, NPP underscored its dedication to spearheading the packaging sector and adapting to its clientele's changing demands.