The latest research report by Emergen Research, named ‘Global Artificial Intelligence in Packaging Market - Forecast to2032 The report offers these individuals a vivid description of the competitive spectrum of the global Artificial Intelligence in Packaging Market The study audits various winning strategies adopted by the market leaders to maintain the competitive edge worldwide. This adds more clarity to the research. Resource charts, tables and graphical images are included to make decisive statistics self-explanatory.
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. Intelligent packaging systems are evolving to become cost-effective, and efficient to provide new packaging concepts that preserve the status of the packaged food to deliver information on product quality during transportation and storage. Utilization of AI enables manufacturers to receive alerts in case of tampering or damaged products is further driving revenue growth of the market.
Some major players in the market include ABB Ltd., SIG, Tetra Pak, PackageX, Inc., Sealed Air, Ardagh Group S.A., Berry Global Inc., Amcor plc, Greyscale AI, and Neurala, Inc.
Elucidating the competitive landscape of the Global Artificial Intelligence in Packaging Market :
The global Artificial Intelligence in Packaging Market report offers viable insights into the competitive spectrum of the Artificial Intelligence in Packaging Market business sphere.
The report systematically profiles the company information of each market player.
It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
The study showcases the extensive product portfolios of the prominent market contenders.
Objectives of the Global Artificial Intelligence in Packaging Market Study:
An in-depth study of the evolving market sectors and the growth & penetration status of the global Artificial Intelligence in Packaging Market .
COVID-19 Impact Analysis to highlight the major opportunities and challenges
Strategic recommendations to help readers formulate lucrative business strategies
Identification of the emerging players and their tactical approaches to expand market presence
An extensive study of the product portfolios of the major market players and their regional presence
A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
The purpose of the global Artificial Intelligence in Packaging Market research report is to provide substantial information about key segments and the competitive landscape of the Artificial Intelligence in Packaging Market report. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Artificial Intelligence in Packaging Market .
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 Outlook (Revenue, USD Million; 2018-2028)
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
In North America, the United States is the major market for industrial maintenance coatings due to the presence of a well-established industrial sector and increasing investments in infrastructure development. The market in Canada is also expected to grow due to the expansion of the oil and gas industry.
In Europe, Germany and the United Kingdom are the major markets for industrial maintenance coatings, owing to the presence of a large number of manufacturing industries and increasing demand for high-performance coatings. The market in France is also expected to grow due to the increasing adoption of advanced coating technologies.
In the Asia-Pacific region, China is the largest market for industrial maintenance coatings due to the presence of a large number of manufacturing industries and increasing investments in infrastructure development.
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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