$27.18 Bn Online Packaging Market – Global Outlook from 2024 to 2029: Rising Demand for Improved Shelf Life and Freshness Propels Adoption

Dublin, Aug. 16, 2024 (GLOBE NEWSWIRE) — The “Internet of Packaging Market – Forecasts from 2024 to 2029” report has been added to ResearchAndMarkets.com’s an offering.

The internet market is estimated to rise at a compound annual growth rate (CAGR) of 5.74% to reach a market value of $27.184 billion in 2029, from $18.395 billion in 2022.

The Internet of Packaging (IoP) seeks to develop smart and efficient packaging solutions by integrating sensors and network technologies with packaging materials. Packaging can now collect and share data, providing supply and end customers with actionable information, thanks to IoP. This technology improves transparency, productivity, and customer experience in the packaging business by tracking product freshness, monitoring inventory levels, verifying items, and even exchanging information with customers.

Increasing demand for improved shelf life and product freshness is boosting the market.

Several factors are driving the expansion of the IoP market. For example, real-time tracking throughout the supply chain is made possible by IoP technologies such as RFID and QR codes, which greatly contribute to consumer demand for transparency and traceability. Another key area is supply chain optimization, which is made possible by IoP and allows businesses to save costs and increase efficiency by improving inventory management and inventory control, delivery efficiency, and satisfaction. of consumers in line with the growing trend of online shopping.

According to the International Business Administration, in 2022, an Israeli study on eCommerce activity found that more than 48% of participants were shopping online every week. According to estimates, the eCommerce sector would generate $11.83 billion in sales in 2027, up from $7.55 billion in 2023. ECommerce encompasses several industries, including travel, technology, food and drinks, and fashion.

In addition, the players in the online packaging market are using various strategies to benefit from the growing market. Various businesses are focusing on innovation and investing in research and development to provide the latest IoP solutions that meet the changing expectations of consumers and the industry.

In addition, the development of smart packaging solutions that improve material performance and reduce environmental impacts is driven by sustainability initiatives. The adoption of IoP is further accelerated by the connection with Industry 4.0 and digital transformation projects, which help businesses to be more efficient and competitive in the market. The Fourth Industrial Revolution, or “Industry 4.0,” is a new industrial approach driven by technology and the desire to make the world more sustainable. It has been installed by the modern world. From $10.5 billion in 2011 to $103 billion in 2021, the domain has seen an increase in investment, with a predicted investment of $200 billion worldwide by 2025. Technological innovation is the driving force behind the industry. 4.0, which has the potential to significantly impact global problems.

The foundations for the adoption of Industry 4.0 have been created in India with the Productivity-related Incentives (PLI), which encourage investment, innovation and technological development to create a sustainable manufacturing process and attract businesses from industries different to produce in India.

The market is expected to grow in the Asia Pacific region.

The foundations for the adoption of Industry 4.0 have been created in India with the Productivity-related Incentives (PLI), which encourage investment, innovation and technological development to create a sustainable manufacturing process and attract businesses from industries different to produce in India. Other industry 4.0 technology growth forecasts in India include Data Analytics (In 2021, the data analytics market grew by 26.5% to reach a value of $45.4 billion and is expected to grow very.), cloud computing (In India, cloud computing is a major factor in supporting Industry 4.0 With a predicted value of $10.8 billion by 2025, it continues to be a cornerstone of innovation and change digital.), Internet of Things (IoT) (By 2025, India’s IoT market is estimated to have. grown from $4.98 billion in 2020 to $9.28 billion.), and the publication of 3D (The 3D printing market in India is expected to grow from $12.6 billion in 2020 to $37.2 billion in 2026).

Key Market Updates:

• January 2024, ProAmpac, a pioneer in materials science and flexible packaging, showcased the latest developments in sustainable packaging at Packaging Innovations 2024, which took place at booth N92 in The NEC in Birmingham on 21-22 March.
• August 2023, the industry leader in precisely sized, durable, on-demand packaging, Packsize, announced the release of its PackNet Cloud platform, the industry’s first and only cloud-enabled offering. Additionally, in August 2023, Ahlstrom and The Paper People LLC partnered to create and launch a new book and eco-friendly frozen food packaging solution. These new types of packaging were specially designed to replace conventional plastic and carbon-based films for packaging frozen foods. It is fiber-based and certified recyclable.

Key Players:

• Tetra Pakis a leading global food processing and packaging solutions company. Digital packaging solutions by the company help in the transformation of sustainable production with innovative product solutions that provide excellent results for various industries.
• Scanbuy, Inc. is a key player in the market, offering smart packaging solutions to meet all the unique needs of customers. The company entered into a strategic partnership with Kezzler to advance the Internet of Packaging.
• Insignia Technologies is a leading provider of IOT-enabled packaging solutions worldwide. The solutions are designed to show the quality and freshness of goods and products.

Key Features:

Report Attribute	Details
No. of Pages	147
Time of Prophecy	2022 – 2029
Total Market Value (USD) in 2022	$18.4 billion
Expected Market Price (USD) in 2029	$27.18 billion
Annual Growth Rate	5.7%
Areas Covered	Worldwide

Incorporated Companies

• Wiliot
• Tetra Pak
• Shares of Scanbuy, Inc.
• Kezzler AS
• Sepio Solutions
• Vesta Smart Packaging
• Costruzioni Meccaniche Luigi Bandera SpA
• ImpacX
• Nefab

Division:

About Technology:

• Barcode and QR Code
• Bluetooth low energy
• Sensors and tags
• Radio Frequency Identification
• NFC Technologies
• Signs

Please:

• Personal Care
• Health care
• Of cars
• Consumer electronics
• Food and Drinks
• Home care
• Others

By Package Type:

• Bottles and Jars
• Films and Wraps
• Listeners
• Boxes and Boxes

In Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others

To get more information about this report visit https://www.researchandmarkets.com/r/fha91q

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• The Global Online Market for Packages