$35.68 Billion Smart Food Packaging Market - Forecasts to 2029 - ResearchAndMarkets.com

The "Smart Food Packaging Market by Type (Active Packaging, Intelligent Packaging, Modified Atmosphere Packaging, Edible Packaging), Application, Functionality, Material and Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The global smart food packaging market size is estimated to be valued at USD 26.42 billion in 2024 and is projected to reach USD 35.69 billion by 2029 at a CAGR of 6.2%.

This consistent growth of the global packaging market highly drives the smart food packaging industry, which is particularly based on a demand for solutions that support food safety, extended shelf life, and sustainability. Some of the major opportunities in the industry result from the growing need for intelligent and active packaging technologies, Modified Atmosphere Packaging (MAP), nanotechnology, and biodegradable solutions. The complexities of the global food supply chain, increasing urbanization, and a drive to reduce food waste contribute to a high demand for innovative packaging. In addition, the thrust to green packaging solutions in relation to sustainability objectives supports smart packaging adoption globally, hence setting it for strong growth.

Disruptions in Smart Food Packaging Market:

• Integration of IoT and Smart Sensors: The Internet of Things (IoT) and digital technologies such as QR codes, NFC tags, and RFID sensors enable real-time tracking and traceability and interaction with the consumer, are changing the face of smart food packaging. IoT-enabled smart labels monitor temperature, humidity, and food freshness for safety and reduced food waste. These technologies also involve consumers by providing them with detailed product information and transparency via smartphones. This disruption brings about growth in connected packaging solutions that assist brands to improve customer experience, guarantee quality control, and increase trust in the supply chain.
• Growth of Biodegradable and Edible Packaging: The growth of biodegradable and edible packaging mirrors the growing demand for sustainable alternatives in the packaging industry. With plastic pollution concerns increasing, these innovations provide an environmentally friendly solution that maintains food safety and prolongs shelf life. Biodegradable packaging is made from natural materials such as seaweed, starch, and proteins and breaks down safely. Edible packaging enhances convenience by providing consumers with the option of having waste-free consumption. This disruptive trend, therefore, aligns with the regulatory pressure and consumer preferences for sustainability, positioning brands to capitalize on growing opportunities in the market for innovation and environmental responsibility.

Intelligent packaging is expected to have highest CAGR in the packaging type segment throughout the forecast period.

Rapid expansion in the intelligent packaging market is influenced by advancements in technology, increasing demand from consumers for convenience, and awareness regarding food safety. Some key technologies are sensors, RFID, and temperature indicators. These enable real-time monitoring that ensures freshness and minimizes the risk of spoilage. It caters to the interests of both consumers and businesses, thus promoting market growth furthered by the growing trend of e-commerce and efficient management of the supply chain.

The adoption of this product is very high in North America and Europe because of strict food safety norms and demand for sustainable packaging solutions. On the other hand, Asia-Pacific has been growing rapidly because of the rate of urbanization, consumer preference changes, and an increase in retail businesses. Prominent players like Amcor plc (Switzerland), Sealed Air (US), and THE TETRA LAVAL GROUP (Switzerland) have capitalized on these opportunities.

Plastic holds largest market share by material segment in the smart food packaging market.

Plastic is the leader of the market in terms of material in the smart food packaging market because of the characteristics such as versatility, low price, and durability. Plastics can be molded into different forms; besides, they are also known for their lightweight properties. In active and intelligent packaging applications, plastics are highly ideal due to these properties.

Polyethylene, polypropylene, and PET are used widely due to their barrier properties, with pliable characteristics, preventing any contamination risks and ensuring food safety, and longer shelf life. Advancements in recyclable and biodegradable plastics are gaining momentum along with the increase in environmental concerns, hence driving demand for sustainable packaging solutions. North America and Asia-Pacific are the significant adopters of plastic-based smart packaging, which is further fueling the growth of the market.

Prominent companies include Amcor, Mondi, Sealed Air, Berry Global, Toyo Seikan Group, The Tetra Laval Group, Crown, 3M, Mitsubishi Gas Chemical Company, Multisorb, Huhtamaki, Timestrip, Stepac, Checkpoint Systems and Novipax Buyer among others.

Research Coverage:

The report covers information about the key factors, such as drivers, restraints, opportunities, and challenges impacting the growth of the smart food packaging market. It also provides a detailed analysis of the major players in the market, including their business overview, products offered; key strategies; partnerships, new product launches, expansions, and acquisitions. Competitive benchmarking of upcoming startups in the smart food packaging market is covered in this report.

Key Attributes:

Key Topics Covered:

Premium Insights

• Attractive Opportunities for Players in Smart Food Packaging Market
• North America: Smart Food Packaging Market, by Packaging Type and Country
• Smart Food Packaging Market: Regional Snapshot
• Smart Food Packaging, by Material and Region
• Smart Food Packaging Market, by Functionality and Region
• Smart Food Packaging Market, by Application and Region

Market Dynamics

Drivers

• Advancements in IoT and Sensor Technology
• Blockchain Technology Revolutionizing Food Supply Chains
• Companies' Adoption of RFID Technology in Food Safety and Supply Chain Management
• Growing Awareness of Plastic Waste Driving Demand for Biodegradable Edible Packaging from Natural Polymers Like Seaweed and Starch

Restraints

• Lack of Consumer Awareness in Developing Markets
• Consumer Privacy Concerns

Opportunities

• Increased Demand for Cold Chain Monitoring
• Food Authentication and Anti-Counterfeiting

Challenges

• High Initial Costs

Smart Food Packaging Market, by Application

• Beverages - Improved Quality, Freshness, and Sustainability to Drive Market
• Fruits & Vegetables - Enhanced Freshness and Reduced Waste to Drive Growth
• Meat, Poultry & Seafood- Food Quality and Safety in Meat, Poultry, and Seafood Markets to Drive Growth
• Baked & Confectionery Products - Enhanced Food Freshness and Shelf-Life Extension to Drive Market
• Milk & Dairy Products - Enhanced Food Safety and Sustainability to Drive Growth
• Processed Foods - Increased Production and Consumption of Processed Foods to Drive Demand

Smart Food Packaging Market, by Functionality

• Barrier Protection - Enhanced Food Quality and Safety Through Advanced Barrier Protection to Drive Demand
• Moisture & Gas Control - Optimized Food Freshness with Advanced Moisture & Gas Control to Drive Growth
• Temperature Regulation - Enhanced Cold Chain Efficiency with Advanced Temperature Regulation to Drive Market
• Food Safety Monitoring - Advancing Food Safety with Real-Time Monitoring to Drive Demand
• Shelf-Life Extension - Enhanced Food Quality and Reduced Wastage to Drive Market
• Consumer Interaction and Engagement - Evolving Retail and Consumer Experience to Drive RFID and NFC Packaging
• Product Authentication - Enhanced Product Integrity with Advanced Authenticity and Traceability Packaging Technologies to Drive Demand

Smart Food Packaging Market, by Material

• Plastic - Cost-Effectiveness and Easy Availability to Drive Market
• Paper & Paperboard - Eco-Friendly Innovation and Sustainability to Drive Growth
• Metal - Durability and Innovation to Drive Growth of Metal in Smart Food Packaging
• Glass - Premium Look and Non-Reactive Nature of Glass to Drive Demand

Smart Food Packaging Market, by Packaging Type

• Active Packaging
  • Antimicrobial Agents - Enhanced Food Safety and Shelf Life to Drive Market
  • Gas Scavengers - Extended Shelf Life and Quality Preservation to Drive Growth
  • Moisture Control (Humidity Regulators) & Temperature Control Packaging - Enhanced Food Freshness and Sustainability with Moisture and Temperature Control Packaging to Drive Demand
• Intelligent Packaging
  • Indicators and Biosensors - Enhanced Food Safety and Freshness with Advanced Oxygen Indicators and Sensors in Packaging to Drive Market
  • RFID (Radio-Frequency Identification) & NFC (Near Field Communication) - Evolving Retail and Consumer Experience to Drive RFID and NFC Packaging
  • Authentication and Traceability Technologies - Enhanced Product Integrity with Advanced Authenticity and Traceability Packaging Technologies to Drive Demand
• Modified Atmosphere Packaging (Map)
  • Vacuum Packaging - Maximizing Freshness and Efficiency with Vacuum Packaging for Extended Shelf Life to Drive Market
  • Gas-Flushed Packaging - Flavor, Texture, and Color Enhancing Qualities to Drive Market Growth in Snacks and Meat Industry
• Edible Packaging - Sustainability and Eco-Friendly Solutions to Drive Growth

Smart Food Packaging Market, by Technology

• RFID & NFC
  • Case Studies of RFID Applications in Food Manufacturing Industry
• Sensors and Biosensors
  • Monitoring Environmental Conditions
  • Biosensors for Quality Assurance
  • Gas Sensors for Spoilage Detection
  • Quality Control and Consumer Engagement
• Blockchain Technology
• Internet of Packaging (IOP)
  • Internet of Packaging in Food Industry
  • Benefits of Internet of Packaging
• Advanced 3D Printing

Company Profiles

Key Players

• Amcor
• Sealed Air
• Berry Global
• The Tetra Laval Group
• Mondi
• Toyo Seikan Group Holdings
• Crown
• 3M
• Mitsubishi Gas Chemical Company
• Multisorb
• Huhtamaki
• Stepac
• Checkpoint Systems
• Novipax Buyer
• Timestrip UK Ltd

Other Players

• Insignia Technologies
• Varcode
• Tipa
• Flexible Packaging Solutions
• Notpla
• Vitsab International
• Tempix
• Biowrap
• IT's Fresh Limited
• Kelp Industries

For more information about this report visit https://www.researchandmarkets.com/r/1nz67q

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250207377514/en/