Smart Food Packaging Market Share

Global Smart Food Packaging Market Overview

Smart Food Packaging Market Size was valued at USD 10.5 Billion in 2022. The smart food packaging industry is projected to grow from USD 11.29 Billion in 2023 to USD 20.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.60% during the forecast period (2023 - 2032). Major market drivers boosting the market expansion include rising demand for foods to eat on the go, increasing online retail popularity, and expanding the food and beverage industry.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Smart Food Packaging Market Trends

• 
  

  Growing need for sustainable packaging solutions is driving the market growth

  
  

Sustainable packaging options are in demand as environmental awareness grows. Smart packaging can increase shelf life and decrease food waste, which is in line with environmental objectives. Consumers, governments, and companies are looking for more sustainable packaging solutions as environmental challenges like plastic pollution and climate change become more widely recognized. Smart food packaging solutions are thought to be a means to lessen the environmental impact of packaging materials and processes. Additionally, energy efficiency in the creation and usage of packaging is improved by smart packaging technologies that make use of Bluetooth Low Energy (BLE) or RFID-based low-power sensors and communication techniques. By lowering energy use and GHG emissions, supports sustainability objectives.

Rapid developments in food packaging to preserve the product's structural integrity, freshness, and for long-term preservation have given rise to smart food packaging techniques. Smart food packaging technology, which includes components to measure changes occurring inside the food product precisely, has become popular as a result of these improvements. Smart food packaging has been shown to be much more effective at conveying information about the state of packaged food, reducing product waste, and protecting against microbial contamination-related deterioration. Smart food packaging can only effectively extend the shelf life of packed goods; therefore, active packaging must be used in tandem. Thus, the increasing demand for smart food packaging to improve the shelf life of food products is another trend fueling market expansion for smart food packaging.

As the e-commerce sector expands, more technical developments are being developed in order to provide clients with protection and safety. Examples include shipping-related applications that offer details on the manufacturing facilities, delivery services, shipper's warehouse, as well as straightforward product tracking. In established, developing, and developing countries, online shopping is rising in popularity. Additionally, smart food packaging solutions that provide information on shipment monitoring and product delivery are assisting clients, which creates profitable potential for the industry. Thus, driving the smart food packaging market revenue.

August 2023:Tipper Tie introduces anti-counterfeiting solution for food packaging: Tipper Tie, a leading provider of packaging solutions, unveiled a new anti-counterfeiting technology that uses invisible markers on packaging to identify genuine products.

Smart Food Packaging Market Segment Insights

Smart Food Packaging Type Insights

The smart food packaging market segmentation, based on type includes Active Packaging, Controlled Packaging, Modified Atmosphere Packaging and Others. The modified atmosphere packaging segment dominated the market. By exchanging the air within the package with the protective gas mix, MAP helps to maintain the freshness and attractiveness for a long time. When importing and exporting food products, producers employ this technology.

Smart Food Packaging Material Insights

The smart food packaging market segmentation, based on material, includes Plastic, Metal, Glass, Paper, and Aluminium. The paper category generated the most income. Paper-based packaging is classified as an eco-friendly or sustainable packaging solution in the market for smart food packaging. The purpose of these packaging options is to lessen the environmental impact of packaging materials. Technology like QR codes, RFID tags, or indicators may be used in paper-based smart food packaging to improve food safety, traceability, and consumer involvement while keeping an emphasis on sustainability.September 2023:Investment surge in smart labels and sensors: Major venture capital firms invested heavily in companies developing smart labels and sensors for food packaging. This indicates growing interest in real-time monitoring of freshness and food safety

Figure 1: Smart Food Packaging Market, by Material, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Smart Food Packaging Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American smart food packaging market area will dominate this market. Due to hectic schedules and busy lifestyles, consumers in the U.S., Mexico, and other countries want food that will remain fresh for a longer period of time. As the demand for packaged, convenient, and processed foods in the nation rises, producers are increasingly placing a greater emphasis on developing innovative technologies in the food packaging process.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: SMART FOOD PACKAGING MARKET SHARE BY REGION 2022 (USD Billion) Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe smart food packaging market accounts for the second-largest market share as government efforts to lower the hazardous content of packaging are becoming more and more important. The food & beverage business is predicted to experience growth as a result of increased R&D activity to improve rigorous legal compliance. Further, the German smart food packaging market held the largest market share, and the UK smart food packaging market was the fastest growing market in the European region

The Asia-Pacific Smart Food Packaging Market is expected to grow at the fastest CAGR from 2023 to 2032. The largest producer and consumer of dairy goods and fruits like mangoes is Asia Pacific. Through international trade, the producers export their goods and produce, necessitating the use of smart food packaging technology in their packaging. The region's growing population of producers and investors in the food and beverage industry is anticipated to drive growth in the market for smart food packaging worldwide. Moreover, China’s smart food packaging market held the largest market share, and the Indian smart food packaging market was the fastest growing market in the Asia-Pacific region.

Smart Food Packaging Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the smart food packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, smart food packaging industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the smart food packaging industry to benefit clients and increase the market sector. In recent years, the smart food packaging industry has offered some of the most significant advantages to medicine. Major players in the smart food packaging market are attempting to increase market demand by investing in research and development operations includes Crown Holdings, Inc., Constar International Inc., Ball Corporation, Bemis Company, Inc., Sysco Corporation, Filtration Group Corporation, Graham Packaging Company, and Insignia Technologies.

Technology for sensing is developed by Insignia Technologies Ltd. The company creates pigments and inks that alter color when exposed to gases or UV rays to show when food has reached its sell-by date. Insignia Technologies serves the UK's food packaging sectors through marketing. Its main goal is to give consumers excellent professional services and solutions. Its products, which react to changing CO2 or temperature levels, aid in decreasing food industry waste, improve patient safety in the healthcare business, and are widely used in industry to find potential CO2 leaks.

Crown Holdings Inc. (Crown) offers packaging services. It is responsible for developing, producing, and distributing metal packaging for consumer goods. The product line of the company comprises transit packaging, food cans and closures, glass bottles, aerosol cans, and beverage cans. Along with consumer goods, it also offers industrial goods like plastic film consumables, steel and plastic strap consumables, and paper-based protective packaging. Food, beverages, industrial products, personal care items, luxury goods, metals, promotional products, and domestic markets are among the many markets it services.

For the European fruit juice manufacturer Rauch, digital technology studio Appetite Creative and packaging giant Tetra Pak introduced new interactive smart packaging in 2023. The unveiling of this chic package ties nicely with Rauch's winter drink theme. It is available in three distinct flavors—orange, pineapple, and apple—in one-liter juice packets.

In 2023, Tetra Pak, a prominent food processing and packaging firm globally and a longstanding member of AIPIA, and the French West Indies fruit juice brand Jus de Fruits Caraïbes teamed up to create an engaging and dynamic connected packaging experience. It also gives back to the community in addition to trying to spread the word about its environmental credentials.

Key Companies in the smart food packaging market include

• 
  

  Crown Holdings, Inc.

  
  


• 
  

  Constar International Inc.

  
  


• 
  

  Ball Corporation

  
  


• 
  

  Bemis Company, Inc.

  
  


• 
  

  Sysco Corporation

  
  


• 
  

  Filtration Group Corporation

  
  


• 
  

  Graham Packaging Company

  
  


• 
  

  Insignia Technologies

  
  

Smart Food Packaging Industry Developments

April 2019: The milk and juice cartons would become digital tools, massive data carriers, and interactive information conduits thanks to a platform Tetra Pak unveiled for linked packaging. If retailers have better access to the supply chain, distributors will be able to follow stock movements and acquire real-time information.

February 2019: MGM's division for flexible packaging was purchased by Sealed Air. The well-known packaging business MGM supplies flexible food packaging materials for Southeast Asian consumer packaged goods industries. The acquisition's two main goals are to improve printing and laminating capabilities and to increase its position in the Asia-Pacific region.

Smart Food Packaging Market Segmentation

Smart Food Packaging Type Outlook (USD Billion, 2018-2032)

• 
  

  Active Packaging

  
  


• 
  

  Controlled Packaging

  
  


• 
  

  Modified Atmosphere Packaging

  
  


• 
  

  Others

  
  

Smart Food Packaging Material Outlook (USD Billion, 2018-2032)

• 
  

  Plastic

  
  


• 
  

  Metal

  
  


• 
  

  Glass

  
  


• 
  

  Paper

  
  


• 
  

  Aluminium

  
  

Smart Food Packaging Regional Outlook (USD Billion, 2018-2032)

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Russia
  
  
  • Poland
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia and New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Latin America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Mexico
  
  
  • Rest of Latin America
  
  
  
  


• Middle East & Africa
  
  
  
  • Turkey
  
  
  • Israel
  
  
  • South Africa
  
  
  • GCC
  
  
  • Rest of Middle East & Africa