AI in packaging industry to hit USD 5,375.28-mn by 2032

The global market for artificial intelligence in packaging is poised for a growth. A Towards Packaging report explores the journey, projecting a surge from USD 2021.3-million in 2022 to an estimated USD 5,375.28-million by 2032, boasting a CAGR of 10.28% during the 2023-2032 period

27 Dec 2023 | By Abhay Avadhani

AI in packaging market from 2022 to 2032

AI has emerged as a game-changer in the packaging industry due to the growth of eCommerce, shifting consumer demands, and the need for effective and sustainable packaging solutions.

AI is enhancing the packaging industry's manufacturing procedures. Intelligent systems with computer vision capabilities can find flaws or inconsistencies in packaging materials. This prevents waste. AI algorithms can also optimise packaging arrangements, maximising material use and reducing excess packaging, which results in cost savings and improved sustainability.

AI algorithms can evaluate the ecological effects of various packaging materials, assisting businesses in selecting environmentally friendly packaging options. AI can help packaging designs be optimised to use the least amount of material while maintaining product integrity, resulting in less waste and a smaller carbon footprint.

AI-powered vision systems
Amazon uses AI to optimise packaging and reduce product damage. Leveraging a machine learning model, Amazon analyses real-world customer complaint data to identify patterns and improve packaging materials for various products purchased through its online platform.

Intelligent algorithms improve order fulfilment accuracy and waste reduction in eCommerce fulfilment centres' packaging processes. Incorporating AI in packaging is also influenced by shifting consumer demands and preferences. AI algorithms analyse consumer data to create personalised packaging experiences and increase brand loyalty. Concerns about sustainability are pushing businesses to use AI to improve packaging designs, use less material, and have a more negligible environmental impact.

By enhancing tracking capabilities throughout the supply chain, AI enables companies to elevate product quality control measures before reaching customers. This facilitates improved monitoring, traceability, and overall visibility, enhancing efficiency and customer satisfaction.

Among these segments, ML is projected to experience the highest growth from 2023 to 2032. This growth is driven by demand for ML in various areas such as data labelling, process automation, and content inspection within product quality assurance and quality control (QA/QC) processes. Ensuring accurate labelling of products is crucial to avoid inspection failures, customer dissatisfaction, and potential profit loss.

Technology providers specialise in developing and providing AI tools, platforms, and software solutions for the packaging industry, offering AI algorithms, machine learning models, computer vision systems, and data analytics tools.

Packaging equipment manufacturers integrate AI capabilities into their machinery to enhance performance, reliability, and automation. Research and consulting firms provide market analysis, strategic insights, and advisory services related to AI adoption in packaging. Collaborative partnerships between packaging companies and AI technology providers aim to combine packaging expertise with AI capabilities.
 

Latest Poll

The packaging industry is confused by recycling and sustainability rules in India. What is the biggest challenge?

Results

The packaging industry is confused by recycling and sustainability rules in India. What is the biggest challenge?

Shortcomings in EPR policy

 

22.22%

Inadequate infrastructure

 

11.11%

Shortage of recycling firms

 

16.67%

Lack of consumer awareness

 

50.0%

Total Votes : 18

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