Kings Research published a new report on smart packaging market size, share, growth, industry trends, and forecast 2031, covering various industry elements and growth trends helpful for predicting the smart packaging industry future.
Smart Packaging Market Summary:
The global Smart Packaging Market Size was valued at US$ 23.41 Billion in 2023. The global smart packaging market is projected to reach US$ 36.74 Billion by 2031, registering a compound annual growth rate (CAGR) of 5.88% during the forecast period from 2023 to 2031.
Full Info @ https://www.kingsresearch.com/smart-packaging-market-680
Top 10 Key Companies in Smart Packaging Market:
- Amcor plc
- Sonoco Products Company
- Sealed Air Corporation
- Stora Enso Oyj
- Huhtamäki Oyj
- Avery Dennison Corporation
- Smurfit Kappa Group
- BASF SE
- 3M Company
- Tetra Pak International S.A.
Smart Packaging Market Growth Factors:
Increasing Prevalence of Chronic Diseases: The rising incidence of chronic diseases such as cancer, neurological disorders, and gastrointestinal conditions contributes to the growing demand for Smart Packaging. Patients with these conditions often experience difficulty swallowing or require nutritional support, fuelling market growth.
Aging Population: As the global population continues to age, there is a higher prevalence of age-related conditions such as dysphagia, dementia, and stroke. Older adults are more likely to require enteral nutrition support, driving the demand for Smart Packaging.
Technological Advancements: Ongoing advancements in enteral feeding device technology improve safety, efficiency, and patient comfort. Innovations such as portable pumps, wireless monitoring systems, and tube placement verification devices enhance the overall patient experience and drive market growth.
Key Developments
- The integration of Internet of Things (IoT) technology has propelled smart packaging to new heights. By embedding sensors and connectivity features, packages become intelligent entities capable of real-time monitoring and data collectionActive packaging goes beyond mere containment, actively interacting with the product to extend shelf life and maintain quality.
- Innovations such as oxygen scavengers, antimicrobial coatings, and ethylene absorbers mitigate spoilage factors, ensuring products reach consumers in optimal condition.
- The emergence of printed electronics has unlocked a world of possibilities for smart packaging applications. Flexible electronic circuits and conductive inks enable the creation of smart labels that can monitor temperature, detect tampering, or display real-time information
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