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Smart Tag Packaging Market Trends

Report ID: GMI7477
Published Date: Nov 2023
Report Format: PDF

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Smart Tag Packaging Market Trends

The business trend in smart tag packaging emphasizes enhancing consumer engagement and experience. Brands are increasingly using interactive packaging to provide consumers with product information, promotions, and feedback channels. Sustainability is another key trend with a focus on reducing packaging waste and environmental impacts through smart solutions, such as Quick Response (QR) codes, for recycling instructions and material sourcing details. Brands are increasingly incorporating eco-friendly materials and reducing excessive packaging to minimize environmental impacts. Smart tags are being used to provide consumers with information about recycling, composting, and responsible disposal practices, promoting sustainability and environmental responsibility.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Industry size for smart tag packaging surpassed USD 9 million in 2022 and is projected to expand at over 12% growth rate from 2023-2032 owing to the increasing consumer awareness.

RFID smart tag packaging industry held over 36% of the revenue share in 2022 and is set to reach USD 13 million by the end of 2032 attributed to their widespread application in inventory management, asset tracking, and access control.

Asia Pacific held more than 37% of the smart tag packaging market revenue share in 2022 and is estimated to exhibit a robust CAGR from 2023-2032 owing to the rapid industrialization, technological advancements.

Some of the top smart tag packaging companies are Smartrac Technology Group (Part of Avery Dennison), Checkpoint Systems (A Division of CCL Industries), Sato Holdings Corporation, Zebra Technologies Corporation, Alien Technology, and Impinj, Inc.