The Global Internet of Packaging Market size was reasonably estimated to be approximately USD 23970 Million in 2023 and is poised to generate revenue over USD 47850 Million by the end of 2030, projecting a CAGR of around 10.30% from 2023 to 2030.
The Internet of Packaging (IoP) market is experiencing rapid growth and transformation, driven by the convergence of traditional packaging with cutting-edge digital technologies. IoP refers to the integration of smart sensors, RFID tags, and other connected devices into product packaging, allowing for real-time data collection, monitoring, and interaction. This market is a vital component of the broader Internet of Things (IoT) ecosystem and is poised for substantial expansion in the coming years.
Leading players involved in the Internet of Packaging Market include:
"Avery Dennison Corporation (US), Smartrac N.V. (Netherlands), BASF SE (Germany), Thin Film Electronics Asa (Norway), Stora Enso Oyj (Finland), Tetra Pak (Switzerland), Kezzler (Norway), Digimarc Corporation (US), Evrythng Limited (UK), Thinfilm Electronics Ab (Sweden), Scanbuy Inc. (US), Identiv Inc. (US), Smartglyph Ltd. (UK), E Ink Holdings Inc. (Taiwan), Paksense Inc. (US), Schreiner Group Gmbh & Co. Kg (Germany), Smart Label Solutions (Spain), Gao Rfid Inc. (Canada), Systech International (Us), Tracelink Inc. (US) and Other Major Players."
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Updated Version 2023 is available our Sample Report May Includes the:
- Scope For 2023
- Brief Introduction to the research report.
- Table of Contents (Scope covered as a part of the study)
- Top players in the market
- Research framework (structure of the report)
- Research methodology adopted by Worldwide Market Reports
The latest research on the Internet of Packaging market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Internet of Packaging industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Internet of Packaging market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Market Driver:
One of the primary drivers behind the growth of the Internet of Packaging market is the increasing consumer demand for transparency and product information. Consumers today are more conscious of the products they buy, often seeking information on product origins, expiration dates, and environmental impact. IoP solutions enable companies to provide this information to consumers in real-time. With the help of RFID tags and QR codes, consumers can scan a package and access detailed information about the product's journey, its authenticity, and sustainability credentials. This enhanced transparency not only builds trust but also meets the rising demand for greater consumer engagement.
Market Opportunity:
An emerging market opportunity within the Internet of Packaging is the reduction of food waste and spoilage. According to the Food and Agriculture Organization of the United Nations, roughly one-third of all food produced for human consumption is lost or wasted annually. IoP can play a significant role in mitigating this issue. By integrating smart sensors and real-time monitoring into food packaging, companies can track temperature, humidity, and freshness of products. This data can then be used to alert consumers and suppliers when products are nearing their expiration date or if conditions have compromised their quality. This has the potential to not only reduce food waste but also enhance food safety, ultimately benefiting both consumers and producers.
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Segmentation of Internet of Packaging Market:
By Technology Deployed
· Sensor & Tags
· Barcode & QR code
· Radio Frequency Identification
· Low-Energy Bluetooth
· NFC Technologies
· Indicators
By Industry Verticals
· Personal & Home care
· Health care
· Food & Beverages
· Automotive
· Consumer Electronics
· Others
An in-depth study of the Internet of Packaging industry for the years 2023–2030 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis.
Market Segment by Regions: -
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Effective Points Covered in Internet of Packaging Market Report: -
- Details Competitor analysis with accurate, up-to-date demand-side dynamics information.
- Standard performance against major competitors.
- Identify the growth segment of your investment.
- Understanding most recent innovative development and supply chain pattern.
- Establish regional / national strategy based on statistics.
- Develop strategies based on future development possibilities.
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