Consumers are becoming increasingly concerned about food safety and quality. Smart packaging solutions can help monitor food freshness and safety, prevent foodborne illnesses, and ensure products are consumed before they spoil.
WILMINGTON, Del., USA, Transparency Market Research, July 01, 2024 (GLOBE NEWSWIRE) — The smart food packaging market is projected to reach USD 4.8 billion in 2023. It is likely to gain a CAGR of 5.8% from 2024 to 2032, growing at a CAGR of 1.4% by 2032. The market size is expected to reach $8 billion.
Active packaging uses materials that interact with food to extend its shelf life, while intelligent packaging uses sensors and indicators to provide information about the food’s condition. Both types are growing in popularity. The rise of e-commerce and online grocery shopping is driving the need for smart packaging that can deliver food safe and fresh over long distances.
There is a growing trend towards customized and personalized packaging solutions that cater to specific consumer needs and preferences, such as dietary restrictions, individual portion sizes, etc. Collaboration between packaging companies, food manufacturers, and technology providers will enable the development of more advanced and efficient smart packaging solutions.
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Developing biodegradable and edible smart packaging materials can open up new markets and attract environmentally conscious consumers. Government initiatives to promote food safety, reduce food waste and support sustainable practices will drive the adoption of smart packaging solutions.
Key findings of the market report
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Smart labels, which can change color or display information depending on the food’s condition, are becoming increasingly popular. They can help consumers easily identify the freshness and safety of food.
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There is a growing trend to reduce food waste at every level of the supply chain, and smart packaging can help through improved inventory management and real-time condition monitoring.
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Continuing advances in sensor technology are creating opportunities for more accurate and cost-effective smart packaging solutions. Improved sensors can monitor a wider range of conditions, including temperature, humidity and gas levels.
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The application of smart food packaging technology to pharmaceuticals could ensure improved compliance and safety in drug use, potentially giving rise to crossover innovation.
Market Trends of Smart Food Packaging
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Based on material, the bioplastics segment is expected to drive the growth of the smart food packaging market.
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Rising consumer awareness and preference for eco-friendly products is driving demand for sustainable packaging options. Bioplastics are resonating with environmentally conscious consumers seeking packaging solutions that minimize their carbon footprint and plastic waste.
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Based on packaging format, the flexible packaging segment is expected to drive the market growth.
Global Smart Food Packaging Market: Regional Outlook
North America
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Food safety is becoming a major focus in North America due to growing concerns about food poisoning and contamination.
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Smart food packaging offers solutions such as temperature monitoring, freshness indicators and tamper-evident seals, increasing consumer confidence in the safety and quality of packaged foods.
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North American consumers have a strong preference for convenient food options that fit their busy lifestyles.
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Smart packaging technologies such as resealable pouches, microwaveable containers, and portion-controlled packages cater to the demand for convenience and drive market growth.
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Asia Pacific
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Asia Pacific is witnessing a surge in e-commerce adoption due to factors such as rising internet penetration, smartphone usage and convenience-seeking behavior.
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Tailored smart packaging solutions for e-commerce, such as tamper-evident seals, temperature-controlled packaging, and personalized packaging options, cater to the unique requirements of online food retail, helping to drive market growth.
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Governments across Asia Pacific are implementing regulations and initiatives aimed at improving food safety standards, reducing food waste and promoting sustainable packaging practices.
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Compliance with regulations such as food labelling requirements and packaging material standards drives the adoption of smart packaging technologies that increase traceability, sustainability and safety.
Smart food packaging market: Key players
The smart food packaging market is witnessing robust growth due to the increasing consumer demand for safer, more sustainable, and longer-lasting food. Smart packaging technologies such as active packaging, intelligent packaging, and modified atmosphere packaging are being widely adopted to improve food quality, safety, and shelf life. The following companies are prominent participants in the smart food packaging market:
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Amcor Corporation
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Euflex Limited
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Sonoco Products Co., Ltd.
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Ball Corporation
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Tetra Pak Co., Ltd.
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CCL Industries Co., Ltd.
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Timestrip Co.
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Crown Holdings Co., Ltd.
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Vitzav International AB
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Barcode Co., Ltd.
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others
Major developments
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Amcor PLC, a global leader in responsible packaging solutions, announced that it has signed a definitive agreement to acquire ModaSystems, a company specializing in the manufacture of advanced automated protein packaging machinery and the development, assembly and support of innovative, high-performance modular vacuum packaging solutions for the meat, poultry and dairy industries.
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That same year, Avery Dennison Corporation unveiled the latest updates to its connected product cloud, Atma.io, designed to help brands transform their supply chains. The platform manages more than 28 billion items across a variety of verticals, including food, apparel, retail, and healthcare.
Smart Food Packaging Market Segmentation
material
Packaging Format
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Cardboard box
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Folding carton
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Bottles and Jars
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can
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Trays and Clamshells
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cutlery
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Bags & Sacks
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Film & Wrap
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Pouch
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Sachets & Stick Packs
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Collapsible tube
technology
End Use
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Meat, poultry, seafood
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Fruits and vegetables
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Dairy products
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Bakery & Confectionery
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Sauces and seasonings
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Jams and jellies
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snack
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Cooking oil
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processed food
region
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North America
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latin america
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Europe
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Asia Pacific
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Middle East and Africa
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