The latest research report by Emergen Research, named ‘Global Artificial Intelligence In Packaging Market - Forecast to 2030. The coronavirus outbreak has led to drastic changes in the current Artificial Intelligence In Packaging Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Artificial Intelligence In Packaging Market growth assessed on both regional and global levels.
The global Artificial Intelligence (AI) in packaging market size was USD 2.31 Billion in 2022 and is expected to register a revenue CAGR of 55.7% during the forecast period, according to the latest analysis by Emergen Research. High demand for eco-friendly packaging is one of the key factors driving revenue growth of the AI in packaging market.Globalization and rise of global trade have increased requirement of warehouses and distribution routes to operate more quickly and smoothly. Rising demand for organic cartons, consumer products, and flexible packaging are some of the primary factors for the packaging sector to use AI. Rising competition among organizations has led to increasing implementation of AI and Machine Learning (ML), for less risky and more effective operations
Key participants include
ABB Ltd., SIG, Tetra Pak, PackageX, Inc., Sealed Air, Ardagh Group S.A., Berry Global Inc., Amcor plc, Greyscale AI, and Neurala, Inc.
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Drivers:
Several factors are driving the adoption of AI in the packaging industry. One of the primary drivers is the increasing demand for efficiency, agility, and sustainability in packaging operations. AI-powered solutions enable packaging manufacturers and brand owners to optimize packaging designs, materials, and processes to minimize waste, reduce costs, and enhance environmental sustainability. Additionally, the proliferation of e-commerce and direct-to-consumer (DTC) channels drives demand for AI-powered packaging solutions that enable personalized packaging, real-time order fulfillment, and last-mile delivery optimization. Moreover, regulatory requirements and consumer expectations regarding product safety, traceability, and authenticity drive adoption of AI technologies for quality control, authentication, and anti-counterfeiting measures in packaging.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Artificial Intelligence In Packaging Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Artificial Intelligence In Packaging Market
- and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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Restraints:
Despite the positive growth outlook, the AI in packaging market faces certain challenges and restraints. One of the major challenges is the complexity and cost associated with implementing AI-powered solutions in packaging operations. Integrating AI technologies into existing packaging workflows may require significant investment in hardware, software, training, and integration with other systems and processes. Moreover, concerns regarding data privacy, security, and intellectual property rights pose challenges for the adoption of AI in packaging, particularly in industries such as healthcare and pharmaceuticals where sensitive information and proprietary formulations are involved. Additionally, technical challenges such as data interoperability, algorithm transparency, and bias mitigation may impact the reliability and effectiveness of AI-powered packaging solutions.
Emergen Research has segmented the global AI in packaging market on the basis of technology, application, industry, and region:
· Technology Outlook (Revenue, USD Billion; 2019-2032)
- Machine vision
- Machine learning
- 3D printing
- Others
· Application Outlook (Revenue, USD Billion; 2019-2032)
- Data labeling
- Smart warehousing
- Quality inspection
- AI-based recycling systems
· Industry Outlook (Revenue, USD Billion; 2019-2032)
- Food & Beverage (F&B)
- Healthcare
- Cosmetic
- Consumer electronic
- Others
Regional Overview:
The global Artificial Intelligence In Packaging Market market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Artificial Intelligence In Packaging Market market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Global Artificial Intelligence In Packaging Market Report – Table of Contents:
- Chapter 1 includes the global Artificial Intelligence In Packaging Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Artificial Intelligence In Packaging Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Artificial Intelligence In Packaging Market market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Artificial Intelligence In Packaging Market industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
