What Has Been the Progress and Growth of the Artificial Intelligence AI In Packaging Market in Recent Years?
The artificial intelligence ai in packaging market has seen considerable growth due to a variety of factors.
• The market size of artificial intelligence (AI) in packaging has experienced a quick expansion over the past few years. It is projected to rise from $2.62 billion in 2024 to $2.91 billion in 2025, boasting a compound annual growth rate (CAGR) of 11.1%.
The remarkable growth during the historic period is credited to factors such as cost-cutting and efficiency enhancement, customer preference for personalization, optimization of the supply chain, quality control and assurance, and an increased level of awareness and education.
What Can Be Expected from the Artificial Intelligence AI In Packaging Market Size?
The artificial intelligence ai in packaging market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of artificial intelligence (AI) in packaging is projected to experience swift expansion in the upcoming years, with the expectation to reach $4.51 billion in 2029 at a compound annual growth rate (CAGR) of 11.6%.
The projected development in the forecast period is rooted in factors such as sustainability prerequisites, fusion with IoT and Industry 4.0, growing needs for e-commerce packaging solutions, enhanced emphasis on cybersecurity, and global pandemic endurance. Key trends for the forecast period encompass collaboration and partnerships, ongoing technological progress, innovative advancements, integration of smart packaging, and predictive maintenance.
What Are the Critical Driver Fuelling The Artificial Intelligence AI In Packaging Market's Growth?
The anticipated expansion of industrial IoT and automation procedures is projected to fuel the incorporation of artificial intelligence (AI) in the packaging sector. The industrial internet of things (IIoT) encapsulates the amalgamation of Internet of Things (IoT) advancements into industrial systems and procedures. Automation, on the other hand, encompasses the application of technology, regulatory systems, and machinery to conduct tasks with reduced human input. The inclusion of AI into industrial packing automation escalates efficiency, adaptability, quality management, and comprehensive system performance, while concurrently aligning processes with larger objectives of sustainability, energy efficiency, and satiating the needs of today's fluid markets. The combination of IoT and AI in the packaging industry has led to the development of intelligent packaging systems that can surveil and enhance the packaging procedure, cut down waste, and augment sustainability. For example, the International Federation of Robotics, a German-based robotics industry group, reported that in April 2024, the overall count of industrial robot installations surged by 12%, totaling 44,303 units in 2023. Hence, the rising industrial IoT and automation activities are accelerating the growth of artificial intelligence (AI) in the packaging industry.
How Is The Artificial Intelligence AI In Packaging Market segmented?
The artificial intelligence (AI) in packaging market covered in this report is segmented –
1) By Technology Type: Machine Learning, Computer Vision, Natural Language Processing (NLP), Predictive Analytics
2) By Application: Quality Inspection, Data Labeling, Artificially Intelligent Engineering (AIE) Of Packaging, Smart Warehousing, AI-Based Recycling Systems, Other Applications
3) By End Use: Food Industry, Beverage Industry, Medical And Pharmaceutical Industry, Cosmetic Industry, Consumer Electronics Industry, Other End Uses
Subsegments:
1) By Machine Learning: Quality Control And Inspection, Process Optimization, Demand Forecasting
2) By Computer Vision: Automated Quality Assurance, Image Recognition For Sorting, Defect Detection
3) By Natural Language Processing (NLP): Customer Feedback Analysis, Chatbots For Customer Interaction, Document Processing
4) By Predictive Analytics: Supply Chain Optimization, Predictive Maintenance, market Trend Analysis
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What Emerging Trends Are Influencing The Growth Of The Artificial Intelligence AI In Packaging Market?
Prominent businesses in the artificial intelligence (AI) in packaging market are making strides in advanced technology development, such as on-demand packaging solutions, to offer customers superior features and establish a market advantage. On-demand packaging solutions pertain to services or systems that supply tailor-made, appropriately sized packaging material according to the specific requirements of a particular product or shipment. To illustrate, DHL Supply Chain, a contract logistics firm based in Germany, introduced an AI-driven optimized packaging system, the OptiCarton system, in April 2022. The unique aspect of this AI-enhanced OptiCarton system is its proficiency in streamlining box filling from a given set of cartons. Furthermore, it has the potential to suggest dividing an order into several shipments, thereby boosting cost efficiency and lowering the carbon footprint of each shipment. OptiCarton provides not just a solution to the prevailing scarcity of cardboard boxes and packaging materials in the market, but also benefits the clients by potentially saving up to 35% in shipping costs, and typically saving 15%, according to initial pilot tests.
Who Are the Key Players In The Artificial Intelligence AI In Packaging Market?
Major companies operating in the artificial intelligence (AI) in packaging market report are:
• Amazon.com Inc.
• Microsoft Corporation
• GE Digital
• ABB Ltd.
• West Rock Company
• International Paper Co
• Georgia-Pacific
• Amcor PLC
• Berry Global
• Tetra Pak
• Stora Enso Oyj
• DS Smith
• Mondi Group
• Ardagh Group
• Sealed Air
• Verallia
• Metsä Board Oyj
• Uflex Ltd.
• Universal Robots
• Clarifai
• SIG Combibloc
• Otto Motors
• Neurala
• Packagex Inc.
• Greyscale AI
What Is The Most Dominant Region In The Artificial Intelligence AI In Packaging Market?
North America was the largest region in the artificial intelligence (AI) in packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
