Home Industry Reports Custom Research Blogs About Us Contact us

Internet of Packaging Market Size & Share, By Technology (Barcode & QR Code, Sensors & Tags, Radio Frequency Identification, Near Field Communications, Indicators), Packaging Type (Boxes & Cartons, Bottles & Jars, Films & Wraps, Mailers, Bags, Tubes, Pouches, Blisters, Others), End-user (Food & Beverages, Healthcare, Personal Care & Cosmetics, Homecare, Consumer Electronics, Logistics & Transport, Apparel & Accessories, Sports & Retail, Others), Regional Forecasts, 2023-2030

Report ID: FBI 1561

|

Published Date: Sep-2023

|

Format : PDF, Excel

Market Outlook:

Internet of Packaging Market size surpassed USD 17.57 Billion in 2022 and is poised to reach USD 30.53 Billion, growing at over 6.09% CAGR between 2023 and 2030. The market is driven by the rising demand for advanced packaging solutions in various industries such as food and beverage, pharmaceuticals, consumer goods, electronics, and logistics. IoP refers to the integration of digital technologies and smart features into packaging materials and products, enabling real-time tracking, monitoring, and interaction with the packaged items. This market is expected to continue its upward trajectory, fueled by the increasing need for product authentication, supply chain optimization, and customer engagement.

Base Year Value (2022)

USD 17.57 Billion

18-23 x.x %
24-33 x.x %

CAGR (2023-2030)

6.09%

18-23 x.x %
24-33 x.x %

Forecast Year Value (2030)

USD 30.53 Billion

18-23 x.x %
24-33 x.x %
Internet Of Packaging Market

Historical Data Period

2018-2021

Internet Of Packaging Market

Largest Region

North America

Internet Of Packaging Market

Forecast Period

2023-2030

Get more details on this report -

Market Dynamics:

Growth Drivers & Opportunities:

1. Enhanced Supply Chain Visibility: IoP enables real-time monitoring of products throughout the supply chain, ensuring better visibility and traceability. This allows manufacturers and retailers to track the movement of goods, prevent counterfeiting, reduce inventory losses, and enhance overall supply chain efficiency.

2. Rising Consumer Demand for Product Transparency: With growing awareness regarding product safety and authenticity, consumers are demanding access to detailed information about the products they purchase. IoP technology enables the inclusion of QR codes, unique identifiers, and sensors on packaging, which can be scanned or connected to smartphones, providing consumers with access to valuable product information in seconds.

3. Improving Food Safety and Shelf Life: The adoption of IoP solutions in the food and beverage industry has been driven by the need to ensure product safety and extend shelf life. Smart packaging equipped with sensors can detect temperature variations, humidity levels, and potential spoilage, helping to reduce food waste and improve overall quality control.

 

Industry Restraints & Challenges:

Report Scope

Report CoverageDetails
Segments CoveredTechnology, Packaging Type, End-User
Regions Covered• North America (United States, Canada, Mexico)  
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)  
Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)  
• Latin America (Argentina, Brazil, Rest of South America)  
• Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledWiliot, Tetra Pak, Scanbuy, Kezzler, Identiv, Tapwow, Sepio Products, CuePath Innovation Designs, Insignia Technologies, RePack, ImpaX.io, Qtrust, Iungo

Unlock insights tailored to your business with our bespoke market research solutions - Click to get your customized report now!

1. High Implementation Costs: The integration of IoT technology into packaging materials and products often requires significant investments in infrastructure, equipment, and software. These costs can pose a barrier to entry for small and medium-sized enterprises, limiting their adoption of IoP solutions.

2. Security and Privacy Concerns: The increased connectivity of packaging materials raises concerns about data privacy and security. As more data is collected and transmitted, ensuring secure communication and protecting sensitive information can be challenging. The industry needs to address these concerns to gain wider acceptance and trust from both businesses and consumers.

3. Lack of Standardization: The IoP market is currently fragmented, with various players offering different technologies and solutions. The absence of industry-wide standards hinders interoperability and slows down the adoption of IoP systems. The establishment of common standards and protocols would accelerate market growth and facilitate seamless integration.

The Internet of Packaging market is set to witness robust growth in the coming years, driven by the increasing need for supply chain optimization, product transparency, and improved security. Overcoming challenges such as high implementation costs and security concerns will be crucial for the widespread adoption of IoP solutions. With ongoing advancements in IoT technology and increasing demand for efficient and interactive packaging solutions, the future prospects for the Internet of Packaging market appear promising.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Internet Of Packaging Market
Internet Of Packaging Market

Regional Forecast:

The Internet of Packaging Market is expected to witness significant growth in various regions including North America, Asia Pacific, and Europe.

North America:

In North America, the Internet of Packaging Market is projected to experience substantial expansion owing to the high adoption of advanced technologies and the presence of major players in the region. The increasing demand for smart packaging solutions and the rising focus on sustainability are driving the growth of the Internet of Packaging Market in this region. Furthermore, the implementation of strict government regulations regarding packaging waste management is also contributing to the market growth in North America.

Asia Pacific:

The Asia Pacific region is anticipated to witness considerable growth in the Internet of Packaging Market due to rapid industrialization and urbanization, particularly in countries such as China and India. The increasing population and disposable income, coupled with the growth of the e-commerce industry, are fueling the demand for intelligent packaging solutions in the region. Moreover, the rising awareness regarding product authenticity, counterfeiting issues, and the need for efficient supply chain management are further augmenting the market growth in Asia Pacific.

Europe:

Europe is expected to hold a significant share in the Internet of Packaging Market owing to the presence of developed economies such as Germany and the UK. The region is witnessing a surge in the adoption of smart packaging solutions across various industries, including food and beverage, healthcare, and cosmetics. The stringent regulations imposed by the European Union regarding product safety and environmental sustainability are driving the demand for IoT-enabled packaging solutions in the region. The growing focus on reducing the carbon footprint and enhancing the overall consumer experience are also contributing to the market growth in Europe.

Get more details on this report -

Segmentation Analysis:

The Internet of Packaging Market is segmented based on various factors, including technology, application, and end-use industry.

Segment: RFID (Radio-Frequency Identification)

RFID technology enables real-time tracking and monitoring of products throughout the supply chain. It provides accurate data regarding inventory levels, location, and condition of the goods. RFID tags, embedded in packaging, help in improving supply chain visibility and reducing the risk of counterfeiting. This technology finds significant applications in industries such as retail, logistics, and pharmaceuticals, among others.

Get more details on this report -

Competitive Landscape:

The competitive landscape of the Internet of Packaging Market is characterized by the presence of several key players, including but not limited to:

1. Avery Dennison Corporation

2. Bosch Packaging Technology

3. Dowdupont Inc.

4. IBM Corporation

5. Siemens AG

6. Smartrac N.V.

7. Stora Enso Oyj

8. Thin Film Electronics ASA

9. Timestrip UK Ltd.

10. UPM-Kymmene Corporation

These market players are focusing on strategic collaborations, partnerships, mergers and acquisitions, and technological innovations to gain a competitive edge in the market.

Our Clients

Why Choose Us

Specialized Expertise: Our team comprises industry experts with a deep understanding of your market segment. We bring specialized knowledge and experience that ensures our research and consulting services are tailored to your unique needs.

Customized Solutions: We understand that every client is different. That's why we offer customized research and consulting solutions designed specifically to address your challenges and capitalize on opportunities within your industry.

Proven Results: With a track record of successful projects and satisfied clients, we have demonstrated our ability to deliver tangible results. Our case studies and testimonials speak to our effectiveness in helping clients achieve their goals.

Cutting-Edge Methodologies: We leverage the latest methodologies and technologies to gather insights and drive informed decision-making. Our innovative approach ensures that you stay ahead of the curve and gain a competitive edge in your market.

Client-Centric Approach: Your satisfaction is our top priority. We prioritize open communication, responsiveness, and transparency to ensure that we not only meet but exceed your expectations at every stage of the engagement.

Continuous Innovation: We are committed to continuous improvement and staying at the forefront of our industry. Through ongoing learning, professional development, and investment in new technologies, we ensure that our services are always evolving to meet your evolving needs.

Value for Money: Our competitive pricing and flexible engagement models ensure that you get maximum value for your investment. We are committed to delivering high-quality results that help you achieve a strong return on your investment.

Select Licence Type

Single User

US$ 4250

Multi User

US$ 5050

Corporate User

US$ 6150

Internet of Packaging Market Size & Share, By Tech...

RD Code : 24