The Smart Packaging Market Size was valued at USD 24.8 billion in 2023 and is expected to reach USD 36.36 billion by 2031 and grow at a CAGR of 4.9% over the forecast period 2024-2031.
Smart packaging enhances convenience, safety, and shelf life while providing detailed information on contents, driven by rapid urbanization and changing consumer lifestyles. It is a cutting-edge technology in the packaging sector, evolving rapidly in the food industry due to its potential to boost consumer convenience. This synthesis of materials, science, and technology improves traditional packaging functions, offering benefits such as flavour enhancement, brand protection, premium pricing, and waste reduction.
Increasing demand for advanced packaging solutions stems from the aging population, shifts in consumer lifestyles, and a focus on reducing food waste. The smart packaging market is further fuelled by the growing e-commerce sector, industrialization in emerging economies, and the need for superior logistics and supply chain management. While smart packaging presents significant advantages, the associated costs, including expenses for sensors and RFID, pose challenges for widespread adoption.
KEY DRIVERS:
Consumer Demand for Freshness and Quality
Increasing consumer awareness regarding the freshness and quality of the products is driving the demand for smart packaging solutions.
Improved printing capabilities for product labels and branding drive market expansion.
RESTRAIN:
The initial setup and implementation costs of smart packaging technologies can be high.
Navigating the complex web of regional regulations and standards adds significant cost and complexity to the production process.
OPPORTUNITY:
Investigating the potential applications of nanotechnology through research and development.
The smart packaging industry is experiencing significant growth driven by several factors. Research into nanotechnology is creating new possibilities for food and beverage applications. Additionally, both retailers and manufacturers are increasingly seeking sustainable and shelf-stable packaging solutions. This trend, coupled with rising consumption of packaged food products, is fuelling the expansion of the smart packaging market.
The growing trend of personalization is driving increased consumer engagement.
CHALLENGES:
A key challenge facing smart packaging companies is balancing the integration of expensive new technologies with maintaining competitive pricing strategies.
Consumer awareness of smart packaging solutions remains low. This lack of knowledge may limit the market's growth.
The Russia-Ukraine conflict poses several challenges and opportunities for the smart packaging industry. Supply chain disruptions are a significant concern as Ukraine and Russia play key roles in the global technology supply chains, potentially causing delays and increased costs for manufacturing smart packaging components. Price volatility in critical materials due to geopolitical tensions could impact overall manufacturing costs. The uncertainty created by the conflict may lead to a slowdown in investment and innovation within the smart packaging sector, affecting its growth potential.
The smart packaging market faces a complex landscape. While Eastern Europe may face steeper hurdles due to stricter regulations, global tensions could also hinder international collaboration. Additionally, the rise of connected packaging solutions necessitates robust cybersecurity measures to counter cyberattacks. However, these challenges are countered by opportunities in sectors like logistics and e-commerce, where smart packaging can address the growing demand for supply chain transparency.
The ongoing economic slowdown has introduced a complex impact on the Smart Packaging Market, a sector reliant on innovation and technological progress. Reduced consumer spending, a common consequence of economic downturns, directly influences the demand for smart packaging solutions in critical sectors such as food & beverages, healthcare, and personal care. Supply chain disruptions are another challenge, affecting the availability and cost of essential materials for smart packaging. In times of economic uncertainty, companies may deprioritize investments in innovative packaging solutions, potentially slowing innovation in the sector. However, there are opportunities for cost-efficient innovations as businesses aim to maintain product integrity while minimizing costs. Additionally, the shift towards prioritizing essential goods during economic slowdowns may drive increased demand for smart packaging in healthcare and food sectors, presenting growth opportunities in these areas.
The provided graph visually represents the effects of the ongoing economic slowdown on crucial aspects of the Smart Packaging Market:
Consumer Spending (60/100): Signifies a moderate to high impact, as diminished consumer spending directly influences the demand for products incorporating smart packaging.
Supply Chain (75/100): Reflects a high impact, indicating significant disruptions in the supply chain that adversely affect the availability and cost of materials crucial for smart packaging.
Innovation Investment (50/100): Represents a moderate impact, as economic pressures may result in reduced investments in innovation and development within the smart packaging sector.
Market Demand for Essentials (85/100): Indicates a very high impact, underscoring the pronounced shift towards essential goods. This shift has the potential to elevate the demand for smart packaging, particularly in sectors like healthcare and food, presenting a positive outlook in the prevailing economic conditions.
By Material
Solid
Liquid
By Technology
Active Packaging
Intelligent Packaging
Modified Atmosphere Packaging
Smart Packaging market saw the Intelligent Packaging segment dominate revenue. This type of packaging utilizes features like sensors, RFID tags, and even printed electronics to deliver real-time data about the product it contains.
By Functionality
Tracking & Tracing
Temperature Monitoring
Freshness Indication
Security
Others
By Application
Food & Beverages
Healthcare
Personal Care
Automotive
Others
Food & Beverage segment emerged as a dominant force in the market, and it is expected to experience rapid growth during the forecast period. The growing demand for smart packaging solutions in this segment is being determined by the need to enhance the safety and quality of food products, reduce waste, and improve the overall consumer experience.
North America stands as a significant hub for smart packaging, propelled by leading technology companies and heightened consumer awareness. North America dominates the market with share by 40%. Robust investments in research and development, notably in the United States and Canada, have spurred innovations, particularly in food and healthcare applications. Key growth drivers include the imperative for product traceability, enhanced food safety measures, and the surge in e-commerce popularity. In Europe, including Germany, the UK, and France, smart packaging is driven by stringent food safety regulations and a focus on sustainability. Meanwhile, in the Asia-Pacific region (China, India, Japan, and South Korea), the smart packaging market is growing due to the expansion of e-commerce, increasing consumer awareness, and a rising trend of adoption in healthcare and pharmaceutical sectors.
Latin America, including pivotal markets like Brazil, Mexico, and Argentina, is gradually adopting smart packaging technologies driven by urbanization, rising disposable incomes, and a growing awareness of the benefits, particularly in product authentication and anti-counterfeiting. In the Middle East and Africa, smart packaging adoption is in its early stages compared to other regions. Noteworthy opportunities, especially in the pharmaceutical sector, exist due to increasing demand for anti-counterfeiting measures and temperature-sensitive packaging, alongside economic development and investments in healthcare infrastructure expected to propel the smart packaging market in this region.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major players in the Smart Packaging Market are Avery Dennison Corporation, BASF SE, Ball Corporation, Sysco Corporation, Zebra Technologies Corp. (Temptime Corporation), International Paper, R.R. Donnelley & Sons Company, 3M, Crown, Stora Enso and other players.
Avery Dennison Corporation-Company Financial Analysis
In April 2023, Tetra Pak, a leading food processing and packaging company, announced that top European fruit juice producer's cartons now include innovative smart packaging that offers an interactive and engaging experience for consumers. This new feature, designed in collaboration with creative technology studio Appetite Creative, allows consumers to connect to a web app and take a personality test by scanning a QR code on one-litre bottles of passion fruit, pineapple, and mango beverages. The test identifies the drink that best matches each user's personality type, encouraging them to explore new products or rediscover old favorites.
In March 2023, Identiv has partnered with Tapwow to enhance its tag management, content distribution, and analytics solutions through the use of the DIRX2 smart packaging and connected products platform. This collaboration will allow brands to choose the best technology for their specific needs and customize tags based on product, location, or other factors. Tapwow will provide technical solutions for Identiv and work with clients to develop tailored experiences for consumer engagement, authentication, traceability, and reuse/recycling. This strategic partnership will offer a diverse range of solutions for brands, partners, packagers, and creative agencies across various industries.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 24.8 Billion |
| Market Size by 2031 | US$ 36.36 Billion |
| CAGR | CAGR of 4.9 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Material (Solid, Liquid) • By Technology (Active Packaging, Intelligent Packaging, Modified Atmosphere Packaging) • By Functionality (Tracking & Tracing, Temperature Monitoring, Freshness Indication, Security, Others) • By Application (Food & Beverages, Healthcare, Personal Care, Automotive, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Avery Dennison Corporation, BASF SE, Ball Corporation, Sysco Corporation, Zebra Technologies Corp. (Temptime Corporation), International Paper, R.R. Donnelley & Sons Company, 3M, Crown, Stora Enso |
| Key Drivers | • Consumer Demand for Freshness and Quality • Improved printing capabilities for product labels and branding drive market expansion. |
| Restraints | • The initial setup and implementation costs of smart packaging technologies can be high. • Navigating the complex web of regional regulations and standards adds significant cost and complexity to the production process. |
Ans: The Smart Packaging Market is expected to grow at a CAGR of 4.9%.
Ans: The Smart Packaging Market size was USD 24.8 billion in 2023 and is expected to Reach USD 36.36 billion by 2031.
Ans: Improved printing capabilities for product labels and branding drive market expansion.
Ans: The initial setup and implementation costs of smart packaging technologies can be high.
Ans: The North America region held the largest market share and will continue to dominate the market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Smart Packaging Market Segmentation, By Material
9.1 Introduction
9.2 Trend Analysis
9.3 Solid
9.4 Liquid
10. Smart Packaging Market Segmentation, By Technology
10.1 Introduction
10.2 Trend Analysis
10.3 Active Packaging
10.4 Intelligent Packaging
10.5 Modified Atmosphere Packaging
11. Smart Packaging Market Segmentation, By Functionality
11.1 Introduction
11.2 Trend Analysis
11.3 Tracking & Tracing
11.4 Temperature Monitoring
11.5 Freshness Indication
11.6 Security
11.7 Others
12. Smart Packaging Market Segmentation, By Application
12.1 Introduction
12.2 Trend Analysis
12.3 Food & Beverages
12.4 Healthcare
12.5 Personal Care
12.6 Automotive
12.7 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Smart Packaging Market By Country
13.2.3 North America Smart Packaging Market By Material
13.2.4 North America Smart Packaging Market By Technology
13.2.5 North America Smart Packaging Market By Functionality
13.2.6 North America Smart Packaging Market By Application
13.2.7 USA
13.2.7.1 USA Smart Packaging Market By Material
13.2.7.2 USA Smart Packaging Market By Technology
13.2.7.3 USA Smart Packaging Market By Functionality
13.2.7.4 USA Smart Packaging Market By Application
13.2.8 Canada
13.2.8.1 Canada Smart Packaging Market By Material
13.2.8.2 Canada Smart Packaging Market By Technology
13.2.8.3 Canada Smart Packaging Market By Functionality
13.2.8.4 Canada Smart Packaging Market By Application
13.2.9 Mexico
13.2.9.1 Mexico Smart Packaging Market By Material
13.2.9.2 Mexico Smart Packaging Market By Technology
13.2.9.3 Mexico Smart Packaging Market By Functionality
13.2.9.4 Mexico Smart Packaging Market By Application
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Smart Packaging Market By Country
13.3.2.2 Eastern Europe Smart Packaging Market By Material
13.3.2.3 Eastern Europe Smart Packaging Market By Technology
13.3.2.4 Eastern Europe Smart Packaging Market By Functionality
13.3.2.5 Eastern Europe Smart Packaging Market By Application
13.3.2.6 Poland
13.3.2.6.1 Poland Smart Packaging Market By Material
13.3.2.6.2 Poland Smart Packaging Market By Technology
13.3.2.6.3 Poland Smart Packaging Market By Functionality
13.3.2.6.4 Poland Smart Packaging Market By Application
13.3.2.7 Romania
13.3.2.7.1 Romania Smart Packaging Market By Material
13.3.2.7.2 Romania Smart Packaging Market By Technology
13.3.2.7.3 Romania Smart Packaging Market By Functionality
13.3.2.7.4 Romania Smart Packaging Market By Application
13.3.2.8 Hungary
13.3.2.8.1 Hungary Smart Packaging Market By Material
13.3.2.8.2 Hungary Smart Packaging Market By Technology
13.3.2.8.3 Hungary Smart Packaging Market By Functionality
13.3.2.8.4 Hungary Smart Packaging Market By Application
13.3.2.9 Turkey
13.3.2.9.1 Turkey Smart Packaging Market By Material
13.3.2.9.2 Turkey Smart Packaging Market By Technology
13.3.2.9.3 Turkey Smart Packaging Market By Functionality
13.3.2.9.4 Turkey Smart Packaging Market By Application
13.3.2.10 Rest of Eastern Europe
13.3.2.10.1 Rest of Eastern Europe Smart Packaging Market By Material
13.3.2.10.2 Rest of Eastern Europe Smart Packaging Market By Technology
13.3.2.10.3 Rest of Eastern Europe Smart Packaging Market By Functionality
13.3.2.10.4 Rest of Eastern Europe Smart Packaging Market By Application
13.3.3 Western Europe
13.3.3.1 Western Europe Smart Packaging Market By Country
13.3.3.2 Western Europe Smart Packaging Market By Material
13.3.3.3 Western Europe Smart Packaging Market By Technology
13.3.3.4 Western Europe Smart Packaging Market By Functionality
13.3.3.5 Western Europe Smart Packaging Market By Application
13.3.3.6 Germany
13.3.3.6.1 Germany Smart Packaging Market By Material
13.3.3.6.2 Germany Smart Packaging Market By Technology
13.3.3.6.3 Germany Smart Packaging Market By Functionality
13.3.3.6.4 Germany Smart Packaging Market By Application
13.3.3.7 France
13.3.3.7.1 France Smart Packaging Market By Material
13.3.3.7.2 France Smart Packaging Market By Technology
13.3.3.7.3 France Smart Packaging Market By Functionality
13.3.3.7.4 France Smart Packaging Market By Application
13.3.3.8 UK
13.3.3.8.1 UK Smart Packaging Market By Material
13.3.3.8.2 UK Smart Packaging Market By Technology
13.3.3.8.3 UK Smart Packaging Market By Functionality
13.3.3.8.4 UK Smart Packaging Market By Application
13.3.3.9 Italy
13.3.3.9.1 Italy Smart Packaging Market By Material
13.3.3.9.2 Italy Smart Packaging Market By Technology
13.3.3.9.3 Italy Smart Packaging Market By Functionality
13.3.3.9.4 Italy Smart Packaging Market By Application
13.3.3.10 Spain
13.3.3.10.1 Spain Smart Packaging Market By Material
13.3.3.10.2 Spain Smart Packaging Market By Technology
13.3.3.10.3 Spain Smart Packaging Market By Functionality
13.3.3.10.4 Spain Smart Packaging Market By Application
13.3.3.11 Netherlands
13.3.3.11.1 Netherlands Smart Packaging Market By Material
13.3.3.11.2 Netherlands Smart Packaging Market By Technology
13.3.3.11.3 Netherlands Smart Packaging Market By Functionality
13.3.3.11.4 Netherlands Smart Packaging Market By Application
13.3.3.12 Switzerland
13.3.3.12.1 Switzerland Smart Packaging Market By Material
13.3.3.12.2 Switzerland Smart Packaging Market By Technology
13.3.3.12.3 Switzerland Smart Packaging Market By Functionality
13.3.3.12.4 Switzerland Smart Packaging Market By Application
13.3.3.13 Austria
13.3.3.13.1 Austria Smart Packaging Market By Material
13.3.3.13.2 Austria Smart Packaging Market By Technology
13.3.3.13.3 Austria Smart Packaging Market By Functionality
13.3.3.13.4 Austria Smart Packaging Market By Application
13.3.3.14 Rest of Western Europe
13.3.3.14.1 Rest of Western Europe Smart Packaging Market By Material
13.3.3.14.2 Rest of Western Europe Smart Packaging Market By Technology
13.3.3.14.3 Rest of Western Europe Smart Packaging Market By Functionality
13.3.3.14.4 Rest of Western Europe Smart Packaging Market By Application
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Smart Packaging Market By Country
13.4.3 Asia-Pacific Smart Packaging Market By Material
13.4.4 Asia-Pacific Smart Packaging Market By Technology
13.4.5 Asia-Pacific Smart Packaging Market By Functionality
13.4.6 Asia-Pacific Smart Packaging Market By Application
13.4.7 China
13.4.7.1 China Smart Packaging Market By Material
13.4.7.2 China Smart Packaging Market By Technology
13.4.7.3 China Smart Packaging Market By Functionality
13.4.7.4 China Smart Packaging Market By Application
13.4.8 India
13.4.8.1 India Smart Packaging Market By Material
13.4.8.2 India Smart Packaging Market By Technology
13.4.8.3 India Smart Packaging Market By Functionality
13.4.8.4 India Smart Packaging Market By Application
13.4.9 Japan
13.4.9.1 Japan Smart Packaging Market By Material
13.4.9.2 Japan Smart Packaging Market By Technology
13.4.9.3 Japan Smart Packaging Market By Functionality
13.4.9.4 Japan Smart Packaging Market By Application
13.4.10 South Korea
13.4.10.1 South Korea Smart Packaging Market By Material
13.4.10.2 South Korea Smart Packaging Market By Technology
13.4.10.3 South Korea Smart Packaging Market By Functionality
13.4.10.4 South Korea Smart Packaging Market By Application
13.4.11 Vietnam
13.4.11.1 Vietnam Smart Packaging Market By Material
13.4.11.2 Vietnam Smart Packaging Market By Technology
13.4.11.3 Vietnam Smart Packaging Market By Functionality
13.4.11.4 Vietnam Smart Packaging Market By Application
13.4.12 Singapore
13.4.12.1 Singapore Smart Packaging Market By Material
13.4.12.2 Singapore Smart Packaging Market By Technology
13.4.12.3 Singapore Smart Packaging Market By Functionality
13.4.12.4 Singapore Smart Packaging Market By Application
13.4.13 Australia
13.4.13.1 Australia Smart Packaging Market By Material
13.4.13.2 Australia Smart Packaging Market By Technology
13.4.13.3 Australia Smart Packaging Market By Functionality
13.4.13.4 Australia Smart Packaging Market By Application
13.4.14 Rest of Asia-Pacific
13.4.14.1 Rest of Asia-Pacific Smart Packaging Market By Material
13.4.14.2 Rest of Asia-Pacific Smart Packaging Market By Technology
13.4.14.3 Rest of Asia-Pacific Smart Packaging Market By Functionality
13.4.14.4 Rest of Asia-Pacific Smart Packaging Market By Application
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Smart Packaging Market By Country
13.5.2.2 Middle East Smart Packaging Market By Material
13.5.2.3 Middle East Smart Packaging Market By Technology
13.5.2.4 Middle East Smart Packaging Market By Functionality
13.5.2.5 Middle East Smart Packaging Market By Application
13.5.2.6 UAE
13.5.2.6.1 UAE Smart Packaging Market By Material
13.5.2.6.2 UAE Smart Packaging Market By Technology
13.5.2.6.3 UAE Smart Packaging Market By Functionality
13.5.2.6.4 UAE Smart Packaging Market By Application
13.5.2.7 Egypt
13.5.2.7.1 Egypt Smart Packaging Market By Material
13.5.2.7.2 Egypt Smart Packaging Market By Technology
13.5.2.7.3 Egypt Smart Packaging Market By Functionality
13.5.2.7.4 Egypt Smart Packaging Market By Application
13.5.2.8 Saudi Arabia
13.5.2.8.1 Saudi Arabia Smart Packaging Market By Material
13.5.2.8.2 Saudi Arabia Smart Packaging Market By Technology
13.5.2.8.3 Saudi Arabia Smart Packaging Market By Functionality
13.5.2.8.4 Saudi Arabia Smart Packaging Market By Application
13.5.2.9 Qatar
13.5.2.9.1 Qatar Smart Packaging Market By Material
13.5.2.9.2 Qatar Smart Packaging Market By Technology
13.5.2.9.3 Qatar Smart Packaging Market By Functionality
13.5.2.9.4 Qatar Smart Packaging Market By Application
13.5.2.10 Rest of Middle East
13.5.2.10.1 Rest of Middle East Smart Packaging Market By Material
13.5.2.10.2 Rest of Middle East Smart Packaging Market By Technology
13.5.2.10.3 Rest of Middle East Smart Packaging Market By Functionality
13.5.2.10.4 Rest of Middle East Smart Packaging Market By Application
13.5.3 Africa
13.5.3.1 Africa Smart Packaging Market By Country
13.5.3.2 Africa Smart Packaging Market By Material
13.5.3.3 Africa Smart Packaging Market By Technology
13.5.3.4 Africa Smart Packaging Market By Functionality
13.5.3.5 Africa Smart Packaging Market By Application
13.5.3.6 Nigeria
13.5.3.6.1 Nigeria Smart Packaging Market By Material
13.5.3.6.2 Nigeria Smart Packaging Market By Technology
13.5.3.6.3 Nigeria Smart Packaging Market By Functionality
13.5.3.6.4 Nigeria Smart Packaging Market By Application
13.5.3.7 South Africa
13.5.3.7.1 South Africa Smart Packaging Market By Material
13.5.3.7.2 South Africa Smart Packaging Market By Technology
13.5.3.7.3 South Africa Smart Packaging Market By Functionality
13.5.3.7.4 South Africa Smart Packaging Market By Application
13.5.3.8 Rest of Africa
13.5.3.8.1 Rest of Africa Smart Packaging Market By Material
13.5.3.8.2 Rest of Africa Smart Packaging Market By Technology
13.5.3.8.3 Rest of Africa Smart Packaging Market By Functionality
13.5.3.8.4 Rest of Africa Smart Packaging Market By Application
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Smart Packaging Market By country
13.6.3 Latin America Smart Packaging Market By Material
13.6.4 Latin America Smart Packaging Market By Technology
13.6.5 Latin America Smart Packaging Market By Functionality
13.6.6 Latin America Smart Packaging Market By Application
13.6.7 Brazil
13.6.7.1 Brazil Smart Packaging Market By Material
13.6.7.2 Brazil Smart Packaging Market By Technology
13.6.7.3 Brazil Smart Packaging Market By Functionality
13.6.7.4 Brazil Smart Packaging Market By Application
13.6.8 Argentina
13.6.8.1 Argentina Smart Packaging Market By Material
13.6.8.2 Argentina Smart Packaging Market By Technology
13.6.8.3 Argentina Smart Packaging Market By Functionality
13.6.8.4 Argentina Smart Packaging Market By Application
13.6.9 Colombia
13.6.9.1 Colombia Smart Packaging Market By Material
13.6.9.2 Colombia Smart Packaging Market By Technology
13.6.9.3 Colombia Smart Packaging Market By Functionality
13.6.9.4 Colombia Smart Packaging Market By Application
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Smart Packaging Market By Material
13.6.10.2 Rest of Latin America Smart Packaging Market By Technology
13.6.10.3 Rest of Latin America Smart Packaging Market By Functionality
13.6.10.4 Rest of Latin America Smart Packaging Market By Application
14. Company Profiles
14.1 Avery Dennison Corporation
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 BASF SE
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Ball Corporation
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Sysco Corporation
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Zebra Technologies Corp. (Temptime Corporation)
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 International Paper
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 R.R. Donnelley & Sons Company
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 3M
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Crown
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Stora Enso
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
In 2022, The Containerboard Market size was US $ 128.14 billion, which is expected to increase to USD 151.31 billion by 2030 at a CAGR of 2.2 % over the forecast period of 2023-2030.
Cold Chain Market was valued at USD 275 billion in 2022 and is expected to reach at USD 1033 billion by 2030 and grow at a CAGR of 18 % over the forecast period of 2023-2030.
The Online On-Demand Laundry market size was valued at USD 48.01 Bn in 2022 and is expected to reach USD 526.45 Bn by 2030, and grow at a CAGR of 34.9 % over the forecast period 2023-2030.
The Industrial Drum Market size was USD 12.96 billion in 2023 and is expected to Reach USD 23.98 billion by 2031 and grow at a CAGR of 8% over the forecast period of 2024-2031.
The Flexitank Packaging Market size was USD 1.23 billion in 2023 and is expected to Reach USD 5.3 billion by 2031 and grow at a CAGR of 19.8 % over the forecast period of 2024-2031.
The Packaging Automation Market size was USD 67.75 billion in 2022 and is expected to Reach USD 123.56 billion by 2030 and grow at a CAGR of 7.8 % over the forecast period of 2023-2030.
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