The smart packaging market size was valued at US$ 36.2 Billion in 2023 and is projected to reach US$ 48.61 Billion by 2030 at a CAGR of 4.3% during the forecast period 2024-2030. The growth of the market is majorly driven by increase in consumption of beauty products and cosmetics with packaging advancement technology. The term "smart packaging" describes new developments in the packaging sector that improve the usefulness of products and businesses for both consumers and businesses, while also making it easier to access and monitor company and product-related data.
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