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What are the most recent advancements in Intelligent Packaging? What is the demand for Intelligent Packaging that facilitates the Circular Economy? Sustainable Packaging Best Practices. Watch this 45-minute Future Market Insights session on 'The Rise of Intelligent Packaging.'<br><br>https://www.youtube.com/watch?v=xLm-sYrlbRM
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Talk Show The Rise of Intelligent Packaging Personalized, Connected and Sustainable November 18, 2021 11:00 – 11:45 AM PST (USA & Canada)
SPEAKERS MODERATOR Ismail Sutaria Ken Chrisman Robert Lilienfeld Aditi Basu Executive Director at SPRING, Chief of Marketing Packaging Consultant, President Beverages, The Sustainable Packaging Future Market Insights Future Market Insights Graham Packaging Research, Information, and Networking Group
INTELLIGENT PACKAGING MARKET – GLOBAL INDUSTRY ANALYSIS AND OPPORTUNITY ASSESSMENT (2021 - 2031) • Glance through just published report on Intelligent Packaging on our MarketNgage platform • Sign Up free to view the Executive Summary, Table of Content • Report Scope: • Opportunity assessment, market analysis and forecast 2021 - 2031 • By Type: Indicators, Sensors, Interactive Packaging/Data Carriers, Active Packaging • By Application and Level of Packaging • By Geography: North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East and Africa (MEA), also country analysis • Competitive benchmarking and Profiles of major players • Demand analysis by End use industries: Food, Beverage, Healthcare, Cosmetics, Logistics & Transport, Consumer Electronics, Consumer Goods, Personal Care & Homecare, Others • Price analysis • The future shapers • Recommendations
Need for Intelligent Packaging 52 million tons of food is sent to landfills each year. 01 03 05 02 06 07 08 04 48 million people get sick from foodborne diseases every year, 32% of the cases are due to temperature abuse. The annual cost of food wasted in the world is in US$ Billions, much of it by the hands of consumers. US$ 35 Billion in pharmaceuticals lost each year to temperature abuse. 9.2 billion tons of plastic has been produced, of which only 9 percent has been recycled properly. In 2019, packaging waste generated was estimated at 177.4 kg per inhabitant in the EU. Containers and packaging make up a major portion of municipal solid waste (MSW), amounting to 82.2 million tons of generation in 2018 (28.1 percent of total generation). Most of the global plastics waste ends into incineration (25%) and landfills (40%).
Intelligent Packaging- 5% of Total Packaging by 2030 Intelligent Packaging- 2021 • Gradual but Robust Commercialization Packaging Market Packaging that interacts with the product inside and consumer outside 35% of Pouches, Bags and Boxes are expected to be intelligent by 2030 Intelligent Packaging Market ~US$ 19.7 Billion Out of every 1,000 dollars spent,~US$ 20 is for Intelligent Packaging
Four Pillars Set the Platform for Intelligent Packaging 4 3 ACTIVE & SMART USER FRIENDLY 1 Keys to Unlock Intelligent Packaging AR & VR * NFC* QR Code InteractiveTags Absorbers RFID* Tags Bar codes Scavengers 2 4 ECO-FRIENDLY INTERACTIVE & CONNECTED Sensors IoT* Indicators AI* Sustainable Zero-waste PCR* Compostable Note: RFID= Radio-frequency identification, AI= Artificial Intelligence, IoT= Internet of Things, NFC= Near Field Communication, AR & VR= Augmented Reality and Virtual Reality, PCR= Post-Consumer Recycled
Trends Shaping Future of Intelligent Packaging Technology Level Package Connectivity with IoT AI Streamlines Decision Making Holographic Future at Fingertips VR Experience Augmented Reality World Consumer Pattern through Blockchain Product Level Temperature Controlled Packaging Buyer level Machine Learning Simplifies Automation Bluetooth Data Transmission Monitor Packaging via Indicators RFID for Package Tracking URL Redirected with QR codes Wireless Connectivity via NFC Sensoring Product Condition E-commerce The New Normal Options Extending Shelf Life Loquacious Barcode Technology Nativity by 3D Printing Value Creator Maintain Maintain Quick Wins Value Creator Quick Wins
Intelligent Packaging: Product Life Cycle Curve Bluetooth Low Energy Bar Codes QR Codes Absorbers & Scavengers RFID Food AR & VR Usage Beverages Temperature Controlled Packaging Healthcare & Pharmaceutical 3D Printing AI and Machine Learning Logistics & Transport Machinery & Equipment Sensors & Indicators IoT Automotive parts Holograms Consumer goods Personal and Homecare Time End Use Industry Technology
Insights from Sentiment Analysis Survey for Intelligent Packaging Survey conducted by Future Market Insights on specific sample size- Buyer perception- What drives the market- Where are the end use investment pockets- Outsourced or In-house?
Sentiment Analysis on Intelligent Packaging (1/4) Is ‘Intelligent Packaging’ the next big thing in the Packaging Industry? • 4/5Manufacturers Agree 2. Current Level of Awareness Among Buyers Younger generations (Gen Z and Millennials) are more likely than their older counterparts (Gen X and Boomers) to opt for intelligent packaging (85%vs.15%) • Gen Z • 58% • Gen X • 11% • Millennials • 27% • Boomers • 04% Top 4 Drivers Compelling Buyers to Opt for Intelligent Packaging 4/5 • 35% • Product • Monitoring • 30% • Improving • Shelf Life • 21% • Tracking and • Tracing • 14% • Interactive • packaging
Sentiment Analysis on Intelligent Packaging (2/4) Bar codes, QR Codes and NFCs Time-temperature indicators Anti-microbial Packaging Sensors Mostly Sought After Features Shaping Growth 5. Eco-Friendly tops the Chart Very Much 47% Yes 38% No 05% A Little 10% 1 Lucrative End-use Investment Pockets 2 3 Food & Beverage Healthcare Logistics
Sentiment Analysis on Intelligent Packaging (3/4) 35% Boxes, Bags and Pouches Top Packaging Formats that will be Early Adopters of Intelligent Packaging 20% Bottles, Trays, Cans 13% Vials, Ampoules, & Prefilled Syringes 8. Technologies to Witness Traction Artificial Intelligence and Machine Learning: 26% 37% AR & VR 19% 37% 18% • Others (3D Printing, Chemical synthetics for food packaging's, drones etc.): 19% 18% Nanotechnology 26%
Sentiment Analysis on Intelligent Packaging (4/4) 9. Outsource Vs. In-House Intelligent Packaging 59%Said they’re Outsourcing the Technology 37% Said they’re doing it In--house 04%Said they haven’t thought about it yet Sustainability is expected to act as an Important Feature of Intelligent Packaging Sustainability is a ClearWinner • 3 in 5end users said YES • 3 in 4 intelligent packaging solution providers said YES
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