Market Share of Smart Packaging Industry
The intensity of competitive rivalry in the Smart Packaging Market studied is moderately high and is expected to remain the same during the forecast period. Some of the major players in the market are Sealed Air Corporation, Amcor PLC, Ball Corporation, BASF SE, and Huhtamaki OYJ. Players in the market are adopting strategies such as partnerships, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In May 2023, Amcor PLC, a global player in the design and manufacture of responsible packaging solutions, announced that it signed a definitive agreement to acquire ModaSystems. ModaSystems is a manufacturer of state-of-the-art automated protein packaging machines. ModaSystems develops, assembles, and supports innovative, high-performance, modular vacuum packaging solutions for the meat, poultry, and dairy industries.
In March 2023, Avery Dennison Corporation announced its latest Atma-io-connected product cloud updates to help brands transform their supply chains. The platform manages over 28 billion items for brands across apparel, retail, food, and healthcare.
Smart Packaging Market Leaders
Sealed Air Corporation
Amcor PLC
Ball Corporation
BASF SE
Huhtamaki OYJ
*Disclaimer: Major Players sorted in no particular order
