The smart packaging market is expected to reach $43.6 billion by 2027, at a CAGR of 5.2% during the forecast period of 2020 to 2027.
The growth of smart packaging market is backed by a growing proportion of older people and changes in consumer lifestyles, increasing demand for advanced packaging solutions from the food processing and pharmaceutical sector, growing consumer concern for food wastage reduction, and demand for smart and functional packaging. Moreover, the growing e-commerce market and rising industrialization in the emerging economies, including India and China, coupled with strong demand for superior logistics and supply chain management, are likely to drive the industry over the forecast period. However, the high cost and unwillingness of brand owners to pay an additional cost of smart packaging are expected to hinder the growth of this market to some extent.
Here are the top 10 companies operating in Smart Packaging Market
3M is engaged in developing, manufacturing, and marketing of various products for automotive, commercial solutions, communication, consumer, design & construction, electronics, energy, health care, manufacturing, packaging, mining, oil and gas, safety, and transportation market. The company operates through four business segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The company offers a control inhaler for the food and healthcare industry. The company also develops time and temperature monitoring devices.
With corporate operations in 70 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. As of December 2019, the company had a headcount of 96,163 employees.
Avery Dennison Corporation
Avery Dennison Corporation is engaged in designing and manufacturing of various labeling and functional materials. The company provides printing and industry solutions for various industries: retail, food, manufacturing, logistics, and automotive. The company operates through eleven business segments: Label and Packaging Materials, Graphics Solutions, Reflective Solutions, Digital Ink Solutions, Apparel Solutions, Intelligent Labels, Printer Solutions, Performance Tapes, Fastener Solutions, Avery Dennison Medical, and Performance Polymers. The company offers products, such as pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels, and embellishments for apparel; and radio-frequency identification (RFID) solutions. The company offers RFID solutions for smart packaging and labeling.
With operations in more than 100 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Amcor plc is engaged in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home, personal care, and other products. On June 11, 2019, Amcor acquired Bemis, which is engaged in manufacturing and selling of packaging products. The company offers flexible packaging, specialty cartons, plastic bottles and jars, and capsules and closures solutions. The company offers active packaging and intelligent packaging.
With 250 sites across more than 40 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
BASF SE is engaged in production and marketing of chemical and agriculture products. The company mainly operates through seven business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, Agricultural Solutions and Others. The company serves its products, solutions, and services to various industries, such as chemicals, automotive and transportation, construction, energy and resources, nutrition, pharmaceuticals, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries. It also offers its products and solutions for modified atmosphere packaging (MAP), intelligent packaging, and active packaging.
With six verbund sites as well as 361 additional production sites in more than 90 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
International Paper is engaged in producing fiber-based packaging, pulp, and paper. The company operates mainly through three business segments: Industrial Packaging, Global Cellulose Fibers, and Papers. The company provides high-quality coated paperboard for consumer packaging through industrial packaging. The company also sells its uncoated papers under the Hammermill, Springhill, Williamsburg, Postmark, Accent, Great White, Chamex, Ballet, Rey, Pol, and Svetocopy brands. The company offers RFID technology for intelligent packaging. The company sells its products directly to end users and converters, as well as through agents, resellers, and paper distributors.
With more than 25,000 customers in 150 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
A report into the projected growth of the current Smart Packaging Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2027, it’s expected to have grown at a CAGR of 5.2%, reaching over $43.6 billion.
Sealed Air Corporation
Sealed Air Corporation manufactures packaging and performance-based materials and equipment systems that serve food, industrial, medical, and consumer applications. The company offers its solutions to different industries: construction, e-commerce, electronics, food retail, medical and pharmaceutical, and transportation. The company operates in two business segments: Food Care and Product Care. The food care segment offers packaging materials and solutions for food safety, shelf life, and operational efficiency. The product care segment offers foam, corrugated, molded pulp, and wood packaging solutions for the e-commerce, electronics, transportation, and industrial markets. The company offers its solutions to active packaging system for extending shelf life, maximizing flavor and product color, and reducing confinement odors.
With 56 labs and research facilities, 95 manufacturing facilities, and 5 packaging development and innovation centers across 124 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Founded in 2000 and headquartered at Amsterdam, The Netherlands; Smartrac N.V. is engaged in developing, manufacturing, and supplying radio frequency identification (RFID) and NFC transponders and inlays. The company offers its product for various applications in automotive industry, aviation, electronics and gaming, industrial application, healthcare, animal identification, automatic vehicle ID systems, car access, retail, and wine and spirits. The company offers NFC tags and sensors for intelligent packaging. The company also prepares metal packages with NFC tags.
The company operates as a subsidiary of Oep Technologie B.V. With manufacturing sites in the U.S., Germany, Malaysia & China, the company has its geographic presence across North America, Europe, and Asia-Pacific.
Thin Film Electronics ASA
Thin Film Electronics ASA is engaged in development and commercialization of printed electronics and smart systems. The company provides NFC mobile marketing and smart-packaging solutions using printed electronics technology. The company also offers its product to wine and spirits, health and wellness, and cosmetics industry. The company offers printed tags, labels, and systems that include sensors and wireless communication.
The company has its geographic presence across North America, Europe, and Asia-Pacific.
Stora Enso is engaged in providing renewable solutions in packaging, biomaterials, wooden constructions, and paper. The company operates through five business segments: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The company serves various industries like building, retail, food and beverage, manufacturing, publishing, pharmaceutical, cosmetics, confectionary, hygiene, and textiles. The company also offers products, such as biocomposites, bio-based chemicals, bio-based materials, wood products, intelligent packaging, lignin, paperboard materials, packaging solutions, paper, market pulp, pellets, and specialty papers. The company offers technologies, such as RFID, UHF, and NFC tags for intelligent packaging.
With sales in more than 30 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
R.R. Donnelly & Sons (RRD) Company
R.R. Donnelly & Sons (RRD) Company is an integrated communications provider. The company mainly operates through two segments: business services and marketing solutions. Business services segment includes commercial print, logistics, packaging, statements, labels, supply chain management, forms, and business process outsourcing. Marketing solutions offers direct marketing, digital print and fulfillment, digital and creative solutions, and corporate. The company’s packaging segment serves clients in consumer electronics, life sciences, cosmetics, and consumer packaged goods industries. The company offers RFID-based smart packaging system.
With more than 50,000 clients across 34 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, and Latin America.
Popular Mentions: Emerson Electric Co., American Thermal Instruments, Temptime Corporation, and Smartglyphm Ltd.
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Authoritative Research on the Smart Packaging Market – Global Opportunity Analysis and Industry Forecast (2020-2027)
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