Connected Food Packaging Market Companies Growth: Trends, Insights & Forecast to 2034

The Connected Food Packaging Market is on a transformative journey, expected to surge into the hundreds of millions by 2034. Driven by innovations in IoT, smartphone penetration, and rising e-commerce activities, this market is redefining how brands interact with consumers and ensure food safety. Technologies such as QR codes, NFC tags, RFID, and Augmented Reality (AR) are empowering brands to build loyalty, manage inventory, and engage customers like never before.

This article explores key trends, growth analysis, and highlights leading companies shaping the connected food packaging space.

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📈 Connected Food Packaging Market Overview

• North America held the largest market share of 36% in 2024, fueled by robust e-commerce and consumer engagement strategies.

• Asia Pacific is set to grow at the fastest pace, with emerging economies embracing smart packaging technologies.

• By Technology, QR codes and barcodes dominated with a 34% share in 2024, while RFID and smart sensors are projected for significant future adoption.

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🌟 Top Connected Food Packaging Companies to Watch

1. Avery Dennison Corporation

• About: A global leader in materials science and digital identification solutions.

• Products: RFID tags, smart labels, and packaging solutions for food and retail sectors.

• Market Cap: Approximately USD 17 billion.

2. Tetra Pak International S.A.

• About: Swiss-based food processing and packaging giant renowned for innovation.

• Products: Smart packaging integrated with QR codes for consumer engagement and traceability.

• Market Cap: Privately held; estimated annual revenue ~$12 billion.

3. Amcor Plc

• About: A global packaging leader specializing in sustainable and connected packaging.

• Products: NFC-enabled packaging, QR code systems, and recyclable materials.

• Market Cap: Around USD 15 billion.

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4. Thinfilm Electronics ASA (Ynvisible)

• About: Pioneer in printed electronics and smart packaging solutions.

• Products: NFC labels, printed batteries, and sensor tags.

• Market Cap: USD 50 million (approx.).

5. Smartrac N.V.

• About: A leader in RFID inlays and tags for connected packaging.

• Products: RFID and NFC solutions for food safety and inventory management.

• Market Cap: Acquired by Avery Dennison in 2020.

6. Digimarc Corporation

• About: Specializes in digital watermarking technology for smart packaging.

• Products: Digimarc Barcode, enabling interactive and trackable packaging.

• Market Cap: USD 300 million (approx.).

7. Wiliot Ltd.

• About: Innovator in IoT with chip-based sensor tags for packaging.

• Products: Wiliot IoT Pixels for real-time food condition monitoring.

• Market Cap: Privately held; valuation over USD 500 million.

8. Stora Enso Oyj

• About: Finnish renewable materials company advancing smart packaging.

• Products: Intelligent packaging with integrated RFID and NFC solutions.

• Market Cap: USD 10 billion (approx.).

9. Identiv, Inc.

• About: Provider of physical security and secure identification solutions.

• Products: NFC tags and RFID systems for food traceability and interactivity.

• Market Cap: USD 200 million.

10. Sealed Air Corporation

• About: Famous for Cryovac® and Bubble Wrap®, Sealed Air is pivoting into smart packaging.

• Products: Connected packaging with sensors and QR codes for food freshness.

• Market Cap: Around USD 7 billion.

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🌎 Regional Insights

• North America leads due to high smartphone penetration and strong IoT infrastructure.

• Asia Pacific is rapidly emerging as a lucrative market, with China and India driving innovation.

• Europe is focusing on sustainable smart packaging, aligning with stringent regulations.

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🚀 Market Trends Driving Growth

1. E-commerce Expansion: Rising online grocery and food delivery demand.

2. IoT and AR Integration: Transforming packaging into a two-way communication tool.

3. Food Safety Regulations: Pushing brands to adopt track-and-trace solutions.

4. Consumer Engagement: Growing preference for interactive packaging experiences.

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❓ FAQs About the Connected Food Packaging Market

1. What is connected food packaging?

Connected food packaging integrates technologies like QR codes, NFC, and RFID to enhance traceability, consumer interaction, and supply chain transparency.

2. Which region dominates the connected food packaging market?

North America leads with a 36% market share in 2024, followed by rapid growth in Asia Pacific.

3. What technologies are driving the market growth?

QR codes, RFID, smart sensors, and Augmented Reality (AR) are key technologies fueling market adoption.

4. Who are the top players in this market?

Leading companies include Avery Dennison, Tetra Pak, Amcor Plc, Digimarc, and Wiliot Ltd.

5. What is the projected market size by 2034?

The market is expected to reach several hundred million dollars by 2034, with strong growth across all regions.

Source : https://www.towardspackaging.com/insights/connected-food-packaging-market-sizing