Smart Packaging Market Size

Smart Packaging Market size was over USD 35.9 billion in 2023 and is expected to exceed USD 60.4 billion by the end of 2036, witnessing over 5.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of smart packaging is estimated at USD 36.8 billion.

Smart packaging enables end-to-end tracking of products in a complex global supply chain. The surging need to improve the safety of pharmaceutical and food products is anticipated to boost the smart packaging market. Active packaging with ethanol emitters and modified atmosphere packaging (MAP) are being employed to increase the product's shelf life. Therefore, companies protect product quality throughout transit by incorporating advanced technology in packaging.  As per Research Nester’s survey in 2024, nearly 10-20 % of e-commerce products are returned due to customers receiving damaged items.