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Colour Changing Packaging Market Size

Report ID: GMI11829
Published Date: Oct 2024
Report Format: PDF

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Colour Changing Packaging Market Size

The global colour changing packaging market size was valued at USD 1.4 billion in 2023 and is estimated to grow at a CAGR of over 4.6% from 2024 to 2032. Consumers want fresher, safer food and drinks, while drug regulations are getting tougher. This pushes companies to create smart packaging that shows product conditions in real-time.

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The industry is also going green with eco-friendly materials. Plus, new tech like sensors makes packages more interactive, helping brands stand out. For instance, in May 2024, Researchers at Monash University have developed innovative on-pack colour indicators made from natural plant materials that provide real-time assessments of beef freshness. This technology aims to replace traditional "best before" dates, which often lead to unnecessary food waste due to conservative estimates of meat usability.

Colour Changing Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Colour Changing Packaging Market Size in 2023:	USD 1.4 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	4.6%
2032 Value Projection:	USD 2.1 Billion
Historical Data for:	2021 - 2023
No. of Pages:	240
Tables, Charts & Figures:	360
Segments covered:	Technology, Material Type, Application, End-use Industry, Region
Growth Drivers:	Consumer demand for freshness and safety Stringent regulatory standards Rise of e-commerce Customization and brand differentiation Innovations in packaging technologies
Pitfalls & Challenges:	Limited awareness and adoption High production costs

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Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global colour changing packaging industry was valued at USD 1.4 billion in 2023 and is estimated to grow at a 4.6% CAGR from 2024 to 2032, driven by increasing consumer demand for fresher and safer food and beverages.

The thermochromic packaging segment is projected to grow at a CAGR of over 5% and is expected to reach over USD 800 million by 2032 due to its broad use in temperature monitoring and food safety applications.

North America held a market share of over 37% in 2023, driven by a focus on technological innovation and sustainability in key industries such as food and beverage, pharmaceuticals, and personal care.

Key players in the industry include Accurate Box Company, Amcor, Ball, Caps and Closures, CCL Industries, Chromatic Technologies, Crown Holdings, HCP Packaging, and Insignia Technologies.