The report on the Global Artificial Intelligence in Packaging Market initially offers an in-depth overview of the Artificial Intelligence in Packaging Market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.
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.
Some niche products and services believed to be revenue generators are also included in the report. Apart from this, a wide range of products from various segments and sub-segments expected to present greater opportunities in the Artificial Intelligence in Packaging Market are discussed in the document. Development of new products and substitutes that will completely transform the market dynamics over the forecast period occupies a special section in the report.
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Key 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.
Covid 19 impact analysis:
This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Artificial Intelligence in Packaging Market business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.
The global Artificial Intelligence in Packaging Market report studies the worldwide market consumption rate in terms of value and volume.
It identifies the various sub-segments of the market structure.
It proffers information regarding the leading global manufacturers in this industry, describing their Artificial Intelligence in Packaging Market value & share, sales volume, competitive analysis, SWOT analysis, and development strategies adopted during the forecast timeline.
The report describes the key industry players, with respect to their individual growth trends, future prospects, and contribution to the global market, and explains the factors related to their market growth potential, drivers, opportunities, threats, and industry-specific challenges.
Furthermore, the report underpins the strategic developments occurring in the global Artificial Intelligence in Packaging Market such as expansions, mergers & acquisitions, agreements, as well as new product launches.
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
· 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)
- Consumer electronic
Global Artificial Intelligence in Packaging Market Geographical Landscape – Synopsis:
- The report closely studies the growth trajectory of the global smart grid market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
- The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.