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Electric Vehicle (EV) Battery Market to grow by USD 65.23 Billion from 2024-2028, driven by rising EV demand, AI-powered report highlights market evolution – Technavio

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NEW YORK, Oct. 7, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Electric Vehicle (EV) Battery Market  size is estimated to grow by USD 65.23 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 20.2%  during the forecast period. Increasing demand for EVS and their expanded applications is driving market growth, with a trend towards increasing use of software and sensors for intelligent BMS. However, growing global power crisis  poses a challenge – Key market players include A123 Systems LLC, Ballard Power Systems Inc., BYD Co. Ltd., CLARIOS LLC, Crown Battery Manufacturing Co., Cummins Inc., East Penn Manufacturing Co. Inc., EnerSys, Enertech International Inc., Envision Group, Exide Industries Ltd., GS Yuasa International Ltd., Hitachi Ltd., LG Chem Ltd., OptimumNano Energy Co. Ltd., Panasonic Holdings Corp., Samsung SDI Co. Ltd., SK Innovation Co. Ltd., Solid Power Inc., Tianneng Group, and Zhejiang Narada Power Source Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Lithium-ion battery, Lead-acid battery, and Others), Vehicle Type (Battery electric vehicle, Plug-in hybrid electric vehicle, and Hybrid electric vehicle), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

A123 Systems LLC, Ballard Power Systems Inc., BYD Co. Ltd., CLARIOS LLC, Crown Battery Manufacturing Co., Cummins Inc., East Penn Manufacturing Co. Inc., EnerSys, Enertech International Inc., Envision Group, Exide Industries Ltd., GS Yuasa International Ltd., Hitachi Ltd., LG Chem Ltd., OptimumNano Energy Co. Ltd., Panasonic Holdings Corp., Samsung SDI Co. Ltd., SK Innovation Co. Ltd., Solid Power Inc., Tianneng Group, and Zhejiang Narada Power Source Co. Ltd.

Key Market Trends Fueling Growth

The Electric Vehicle (EV) and Plug-in Hybrid Electric Vehicle (PHEV) markets are witnessing significant growth due to the increasing adoption of advanced features such as Global Positioning Systems (GPS), power train systems, air conditioning (AC), power windows, and display drives. These features consume substantial power, leading to a higher energy demand from EV batteries. As a result, there is an increasing need for efficient and optimal battery management systems (BMS) to ensure a long battery life and minimize charging frequency. The automotive industry is focusing on developing advanced high-end BMS solutions using high-power density lithium-ion batteries. Intelligent BMS trends include the use of software and sensors for precise information, which helps design an efficient battery management system. The accuracy, fault detectability, and robustness of the BMS controller are crucial factors driving the growth of the EV battery market. These trends are expected to continue, leading to increased demand for EV batteries during the forecast period.

The Electric Vehicle (EV) battery market is surging as automakers prioritize EV technology for their fleets. Lithium-ion batteries remain the go-to choice for most EVs due to their long driving ranges and relatively quick charging times. However, new players like QuantumScape and Solid Power are developing solid-state batteries, promising even better performance and shorter charging times. Battery life is a key concern for consumers, with automakers focusing on improving it through advancements in battery technology. EV sales continue to grow, with SUVs, PHEVs, BEVs, and EREVs leading the charge. The demand for batteries is driving the need for more manufacturing capacity, with companies like Tesla and Panasonic building gigafactories. Lithium-ion battery prices have been decreasing due to increased supply and demand. However, the supply chain for lithium, cobalt, nickel, and other essential minerals can be volatile, impacting battery prices. New battery technologies, such as Lithium Iron Phosphate and graphite-manganese-phosphoric acid batteries, are being explored to reduce reliance on traditional battery materials. Energy density is a critical factor in improving EV performance and reducing costs. Companies are focusing on improving cell-to-pack and cell-to-chassis efficiency to increase energy density. The race is on to bring the next generation of EV batteries to market and stay ahead of the competition. Meanwhile, some automakers are exploring alternatives to lithium-ion batteries, such as hydrogen vehicles and ethanol vehicles, but their market penetration remains limited. The EV battery market is an exciting space to watch as companies push the boundaries of innovation to meet the growing demand for cleaner, more efficient transportation solutions.

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Market Challenges

The global Electric Vehicle (EV) battery market is experiencing significant growth due to the increasing demand for EVs. However, in regions with limited power generation capacity, such as developing countries like Norway, the Netherlands, and the UK, as well as underdeveloped countries like Nepal, the high sales of EVs pose challenges. For instance, Europe, which has nearly a quarter of EVs on the road, saves approximately 13 million barrels of crude oil daily. However, this shift to EVs also increases global power demand by 11%. Power crises in countries like India and Japan, which rely heavily on imports for their energy needs, further impact the EV market. Japan’s electricity consumption, driven by its EV adoption, adds to its already significant energy import dependence and cost. These power crises and the subsequent electricity cost increases hinder the sales of EVs and, consequently, EV batteries, potentially hindering market growth.The Electric Vehicle (EV) battery market is experiencing significant growth, with the Lithium-ion battery segment leading the way. Companies like Tesla and Panasonic are expanding their Gigafactories to increase manufacturing capacity. However, challenges persist, such as the reliance on limited resources like lithium, cobalt, nickel, and other materials for battery production. Mining and refining these elements can impact the supply chain and drive up battery prices. New battery technologies like Lithium Iron Phosphate and sodium-ion batteries are emerging, but manufacturing capacity and energy density remain key concerns. The Cadillac Lyriq, an all-electric SUV, uses laser bonding to improve battery performance. BEVs, EREVs, and PHEVs are driving EV sales, but the Internal Combustion Engine still dominates. Northvolt and LG Energy Solutions are investing in battery manufacturing to secure energy security. The battery pack price remains high, with cell-to-pack and cell-to-chassis technologies aiming to reduce costs. The battery chemistries continue to evolve, with graphite, manganese, and phosphoric acid playing crucial roles. The market is dynamic, with Lead acid batteries, Nickel-metal hydride batteries, and Lithium-ion batteries competing in the EV landscape.

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Segment Overview 

This electric vehicle (ev) battery market report extensively covers market segmentation by

Type 1.1 Lithium-ion battery1.2 Lead-acid battery1.3 OthersVehicle Type2.1 Battery electric vehicle2.2 Plug-in hybrid electric vehicle2.3 Hybrid electric vehicleGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Lithium-ion battery-  The lithium-ion battery segment is experiencing significant growth in the Electric Vehicle (EV) market due to the increasing demand for this battery technology from the EV industry. Lithium-ion batteries, which belong to the lithium-metal chemistries family, are manufactured using various combinations of anode and cathode materials. The most common cathode combinations used in transportation applications are lithium-nickel-cobalt-aluminum oxide (NCA), lithium nickel manganese cobalt oxide (NCM), lithium-manganese spinel (LMO), lithium titanate (LTO), and lithium-ion phosphate (LFP). Each of these combinations offers distinct characteristics in terms of safety, cost, and performance. Lithium-ion batteries have a higher current density, longer power-holding capacity, and longer shelf life compared to other battery technologies. Additionally, the mass production and government incentives are driving down the cost of these batteries. Lithium-ion batteries are preferred for EVs due to their superior electrochemical performance and capacity. They are smaller and lighter than lead-acid batteries of similar capacity, reducing the weight of EVs and offering flexibility to manufacturers. Moreover, these batteries require minimal maintenance, reducing downtime in EVs. Lithium-ion batteries come in cylindrical, prismatic, and laminate shapes, with each cell having unique characteristics for creating the battery pack based on end-user requirements. Panasonic Corporation offers cylindrical lithium-ion cells, Samsung SDI CO., LTD. Provides laminate lithium-ion cells, and LG Chem offers prismatic lithium-ion cell-based battery packs. Lithium-ion batteries do not have the drawbacks of other battery chemistries, such as lead-acid batteries and NiMH batteries, making them the preferred choice for EVs. Therefore, the demand for lithium-ion batteries in the EV market is expected to continue growing, driving the market’s expansion during the forecast period.

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Research Analysis

Electric Vehicles (EVs) are revolutionizing the automotive industry with their eco-friendly and cost-effective solutions. A significant component of EVs is their batteries, which store and release electricity to power the vehicles. EV batteries come in various types, with lithium-ion batteries being the most popular due to their high energy density, long life, and short charging times. They offer impressive driving ranges, making EVs a viable alternative to traditional Internal Combustion Engine (ICE) vehicles. Battery technology is continually evolving, with solid-state batteries promising even better performance and safety. Automakers are investing heavily in EV technology, with Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Electric SUVs, and Electric Sedans leading the charge. The global EV battery market is growing rapidly, with the Lithium-ion segment dominating the market due to its superior performance. The demand for EV batteries is expected to reach Gigawatt hours in the coming years, driven by energy security concerns and the need to reduce carbon emissions. Lead acid batteries and Nickel-metal hydride batteries have been the traditional choices for EVs but are being gradually replaced by lithium-ion batteries due to their advantages. The EV battery market is poised for significant growth, with companies like Northvolt leading the way in innovation and production.

Market Research Overview

The Electric Vehicle (EV) battery market is experiencing significant growth as the adoption of electric vehicles (EVs) continues to rise. EV batteries play a crucial role in powering these vehicles, offering features like longer driving ranges, faster charging times, and improved battery life. Lithium-ion batteries are currently the dominant technology, but solid-state batteries and other advanced chemistries are on the horizon. Automakers are investing heavily in EV technology, with some announcing new models like the Cadillac Lyriq. Hydrogen vehicles and ethanol vehicles are also being explored as alternatives, but EVs are currently the most viable option for reducing emissions from the transportation sector. EV battery manufacturing is a complex process involving the mining and refining of raw materials like lithium, cobalt, nickel, and manganese. Gigafactories, such as those operated by Tesla and LG Energy Solutions, are increasing manufacturing capacity to meet demand. Energy density, battery performance, and manufacturing capacity are key considerations for battery technologies like Lithium Iron Phosphate, sodium-ion batteries, and others. Battery prices are also a significant factor, with advancements in battery manufacturing techniques like cell-to-pack and cell-to-chassis helping to reduce costs. The EV market is expected to continue growing, with sales of electric cars, SUVs, PHEVs, BEVs, and EREVs projected to reach new heights in the coming years. However, the supply chain for EV batteries remains a challenge, with energy security and raw material availability being key concerns.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeLithium-ion BatteryLead-acid BatteryOthersVehicle TypeBattery Electric VehiclePlug-in Hybrid Electric VehicleHybrid Electric VehicleGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Huawei and IUCN Launch Tech4Nature Project to Protect Kenya’s Coral Reefs

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NAIROBI, Kenya, Jan. 10, 2025 /PRNewswire/ — Huawei, International Union for Conservation of Nature (IUCN), and local partner Kenya Wildlife Service (KWS) have launched a Tech4Nature project to monitor and protect coral reef and biodiversity in Kenya’s Kisite-Mpunguti Marine Park and Reserve.

Aligned with Huawei’s TECH4ALL initiative and the IUCN Green List, the objective of the three-year project is to strengthen monitoring and management efficacy of the protected area. Located on the southern coast of Kenya, Kisite-Mpunguti Marine Park and Reserve faces a number of nature conservation challenges. These include:

Illegal fishing and insufficient human resources to effectively patrol the area.A lack of remote monitoring of the reserve’s three coral islands coupled with pressures created by tourism, as the fringing reefs are popular diving sites.Limited community awareness of the importance of reef and biodiversity protection.Insufficient communications network infrastructure for underpinning tech-driven monitoring.

“Tech4Nature is an expansive project that falls under Huawei’s digital inclusion initiative TECH4ALL, where we look at ways to implement technology and innovation in various sectors of our day today life and improving global standards and ensure that we have a sustainable way of life in the world,” said Khadija Mohamed, Director of Media and Government Relations for Huawei Kenya.

Underwater cameras, photogrammetry, and audio monitoring technologies will be deployed to monitor marine life, including the biomass and population of parrot fish. In many coral reef ecosystems, parrot fish are a keystone species that, due to their diet, help prevent coral from being smothered by seaweed and algae. The solution will also monitor substrate cover in the reef ecosystems, seagrass cover, and the occurrence of green turtles and bottlenose dolphins, which are classified on the IUCN Red List as endangered and vulnerable, respectively.

“The technology we are introducing is a groundbreaking development for marine conservation in Kenya. It will serve as the first monitoring tool for data collection, analysis, and management in a marine protected area. Additionally, this innovation presents an opportunity to assist the park in attaining IUCN Green List certification, aligning with the sustainability goals valued by tourists and ensuring that future generations can continue to benefit from our marine parks,” said Innocent Kabenga, Country Representative for the IUCN Kenya Country Office.

AI trained to recognize specific target species by sight or sound will provide real-time data-driven insights into the behaviors, populations, and distribution of biodiversity in the reserve and reef ecosystem. The system will also be able to identify boats used for illegal fishing, and send alerts for rangers to intervene in near real time.

A digital power solution and improved network connectivity covering the park and watch tower will enable the rapid transmission of collected data to a cloud server for analysis by AI.

The project will be implemented in partnership with Kenya Wildlife Service (KWS) and Wildlife Research and Training Institute (WRTI). Based on the project’s data-driven insights, the Tech4Nature partners will be able to develop targeted conservation measures for the reserve.

“For us to deliver our mandate of protecting and conserving our wildlife in both terrestrial and marine ecosystems, you have to understand your resources very well. We are partnering with Huawei and IUCN to deploy underwater cameras to acquire some data on marine mammal, corals, and fisheries to make informed decisions. The advantage of this technology it can be deployed in wider area that we couldn’t patrol every single day to get data for day and night for us to make good, informed decisions,” said Adan Kala, Senior Assistant Director, Coast Conservation Area, Kenya Wildlife Service.

In addition, the project will include community outreach to raise awareness about biodiversity changes over time and the presence of different species, including those that are threatened, vulnerable, or endangered.

The site will be assessed against the IUCN Green List Standard, with the goal being that the reserve obtains Green List certification.

About Tech4Nature

Huawei and IUCN launched the Tech4Nature global partnership in 2020 to scale up success in nature conservation through technological innovation. Aligned with Huawei’s TECH4ALL initiative and the IUCN Green List, Tech4Nature has supported 11 flagship projects in 8 countries with tailored solutions to conservation challenges.

Visit the Tech4Nature website: https://tech4nature.iucngreenlist.org/what-is-tech4nature/ 

About TECH4ALL

TECH4ALL is Huawei’s long-term digital inclusion initiative and action plan. Enabled by innovative technologies and partnerships, TECH4ALL is designed to enable inclusion and sustainability in the digital world.

Visit the Huawei TECH4ALL website at https://www.huawei.com/en/tech4all

Follow us on X at https://x.com/HUAWEI_TECH4ALL 

 

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CES 2025 | AAC Technologies Unveils Comprehensive Automotive Solutions, Paving the Way for Cabin Experience Evolution

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — At the Consumer Electronics Show (CES) 2025, AAC Technologies, a pioneer in sensory experience, showcased its industry leadership by introducing a full spectrum of automotive solutions that span “acoustics, haptics, sensing, and image recognition.” Drawing on over three decades of expertise in the development and manufacturing of cutting-edge consumer electronics micro-components, AAC is now poised to offer a comprehensive, precise, real-time, and immersive sensory experience to the automotive sector, reinforcing its position as a trusted partner ready to meet the industry’s evolving technological and product demands.

Catering to the surging market demand, AAC presents a ready-to-deploy portfolio of automotive product solutions that address the critical aspects of intelligent driving and cabin experiences. The company is committed to expanding its innovative product offerings to lead the industry. AAC has been steadily expanding in the automotive industry since 2019, largely driven by the growing adoption of its automotive solutions. These solutions are playing an important role in advancing the capabilities of intelligent cockpits.

AAC’s Automotive Acoustic Solutions for Digital Cockpits

AAC Technologies has unveiled its cutting-edge digital cockpit solutions, showcasing a fusion of innovation in acoustics. AAC offers a holistic approach to audio system design, encompassing hardware, algorithms, and fine-tuning, all aimed at delivering a supremely immersive audio experience across various scenarios.

At CES, AAC set up a state-of-the-art 7.1.4 listening room, showcasing its self-developed advanced automotive audio algorithms such as Independent Sound Zones, NLC PRO (distortion suppression), Audio Track Separation, Virtual Surround (Plus), Virtual Venue, and 3D Chime. In collaboration with Premium Sound Solutions (PSS), a world-leading provider in acoustic components and sound systems, AAC has presented an array of top-tier offerings, including automotive speaker products and solutions, which garnered significant attention.

AAC also introduced the “Smart Audio Box,” a joint creation with Smart that marks the industry’s first all-scenario portable Hi-Fi speaker system designed for vehicles. Debuted on the Smart #5 model, this speaker system offers a unique audio experience, blending the boundaries between driving and the wild world of sound.

AAC’s Automotive Haptic Seat Solutions

The automotive industry is now redefining the car as more than just a way to get around—it’s becoming an extension of our living spaces. With this shift, expectations for the in-car experience are soaring, particularly when it comes to the haptic feedback and auditory elements of smart cockpits. At CES, AAC unveiled its groundbreaking haptic seat solution for vehicles, which fuses advanced haptic and acoustic technologies to create a more tranquil driving safety alert system , amp up entertainment with immersive sound, and even simulate engine sounds for an authentic driving feel, all while providing a space for relaxation and meditation. This innovation, a joint effort with Porsche China’s Innovation Office as part of the Rhythm Space project, is set to redefine comfort and pleasure in the driving experience for all on board.

AAC’s Automotive Sensing Solutions

AAC is leading the way in providing advanced sensing solutions and sensor technologies tailored for the automotive industry. AAC’s automotive-grade MEMS microphones boast a compact design, exceptional signal clarity(SNR), minimal distortion(THD), and a consistent frequency response. They also excel in maintaining uniform sensitivity and phase alignment, which translates to enhanced voice services and reliability in both the cabin and exterior environments. This innovation significantly boosts the user experience in voice interactions across a range of applications.

In addition, AAC has unveiled a line of vehicular inertial products, highlighted by our trio of high-performing MEMS IMUs. These units are engineered for accuracy and stability, designed to meet the diverse demands of various applications. They play a pivotal role in ensuring precise vehicle positioning and safety during the critical phases of advanced driver assistance and autonomous driving, reinforcing our dedication to advancing automotive safety and interaction.

AAC’s Automotive Image Recognition Solutions

In the ongoing quest for enhanced intelligent driving, ensuring safety and comfort has become a primary focus in the automotive industry. At this year’s CES, AAC showcased its complete lineup of lenses and camera modules. This includes those for intelligent driving applications like ADAS and surround view, as well as those for intelligent cockpit features such as DMS and OMS. Furthermore, AAC presented an integrated cockpit monitoring system. Collectively, these innovations provide accurate data for machine vision, thereby enhancing safety and intelligent driving capabilities. AAC’s solutions are designed to meet rigorous industry standards, including the EU’s DDAW (Driver Drowsiness and Attention Warning), E-NCAP (European New Car Assessment Programme), and China’s GB/T 41797-2022 “Performance Requirements and Test Methods for Driver Attention Monitoring Systems”.

AAC has also expanded its product line with a variety of automotive motor solutions. For example, AAC’s brushless motors, known for their quiet performance and adaptability, ensure a smooth and quiet experience for seat adjustments. AAC also offers linear control brake motors (EMB motors), linear control steering motors (RWA and HWA motors), and general EPS motors for advanced chassis applications, all of which have been tested and validated in multiple vehicle models. As the automotive industry advances towards higher levels of driving assistance, the adoption of linear control systems for chassis is becoming crucial. These motors use sensors to detect environmental information, replacing mechanical connections with electrical signals. This technology offers high precision, fast response times, compact designs, and lightweight construction, making it suitable for mass production. In scenarios such as highway driving, navigating narrow roads, and parking, these systems greatly enhance user comfort and meet the increasing demands for improved vehicle maneuverability and active safety.

Moving forward, AAC Technologies will continue to collaborate closely with automotive industry partners. By staying attuned to user preferences and driving technological advancements, AAC aims to lead the industry trend. The company’s focus is on delivering an outstanding intelligent cockpit experience, making every drive a source of joy and immersive sensory pleasure.

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Smart Food Packaging Market worth $35.69 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Jan. 10, 2025 /PRNewswire/ — The smart food packaging market is estimated at USD 26.42 billion in 2024 and is projected to reach USD 35.69 billion by 2029, at a CAGR of 6.2% from 2024 to 2029, according to a report published by MarketsandMarkets.

The study ‘Active Packaging in the Food Industry’, published in October 2024, explores the growing significance of active packaging in response to changing consumer demands and market trends. Unlike traditional packaging, which is designed to be inert, active packaging interacts with the product and its environment to extend shelf life and maintain food quality. This can involve incorporating additives into packaging systems, such as oxygen and ethylene scavengers, antimicrobial agents, antioxidants, and flavor-absorbing or releasing compounds. Intelligent packaging systems, like time-temperature indicators and gas detectors, are also discussed, emphasizing the importance of consumer acceptance for the commercial success of these technologies. The study reviews key mechanisms used in active packaging, including oxygen scavengers, which reduce the presence of oxygen in food packaging by using iron-based or ascorbic acid-based systems. These methods help maintain product freshness by limiting oxidative damage. Carbon dioxide-generating systems are also used to suppress microbial growth, particularly in meat, poultry, fish, and cheese packaging. Furthermore, ethylene scavengers are vital for extending the shelf life of fruits and vegetables by controlling ripening processes.

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Other applications discussed include the use of flavor and odor absorbers/releasers, which enhance the sensory properties of packaged food, and antimicrobial packaging that inhibits microbial growth to ensure food safety. The potential of nanotechnology to develop new and more effective active and intelligent packaging solutions is highlighted, paving the way for further innovations in the food packaging industry. This study underscores the need for advanced packaging technologies to meet consumer demand for fresh, safe, and high-quality food products and their critical role in prolonging shelf life and improving food safety.

The Meat, Poultry & Seafood is the having a largest share within the application sector of the smart food packaging market.

Due to growing global demand, meat, poultry, and seafood accounts for the highest market share of application in the smart food packaging market. Its needs lie in extending shelf life, safety, and traceability. As per data provided by the USDA from October 2024, Brazil dominates global chicken meat exports during 2025 as the production will be 11.8 million tons. Australia’s poultry production will increase by 2 percent to 2.6 million tons, as high global demand is expected. Beef exports from Australia will also reach a record 1.9 million tons in the year, as its demand increases in the US. These trends point towards the increasing international meat trade and export opportunities.

Increased production and exports require more advanced smart packaging technologies, such as modified atmosphere packaging and active packaging, for freshness, less food waste, and greater safety. This will fuel innovation and adoption of smart packaging solutions, especially in global markets like East Asia and North America.

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The active packaging segment holds significant market share in the smart food packaging market during the forecasted period 2024-2029.

Active food packaging accounts for a major market share in the smart food packaging industry, which is mainly attributed to the quality improvement, safety, and shelf life that active packaging can offer. Technologies, including oxygen scavengers, moisture absorbers, and antimicrobial agents, respond to some of the most important consumer needs related to freshness and reduction of food waste.

It is primarily gaining adoption across key industries, including meat, poultry, seafood, and dairy, where growing concerns about global food safety and sustainability are driving growth. Additionally, increasing export of perishable food products, particularly in North America, Europe, and Asia-Pacific, further supports the increasing demand for active packaging. As manufacturers look for more innovative ways to meet their regulatory requirements and consumer demands, active packaging will maintain its position in the market.

Based on region, Europe has a significant share in the smart food packaging market.

The growth of the food and beverage industry in Europe is a major driving force for the smart food packaging market, which is motivated by the increasing demand for advanced packaging solutions that would ensure food safety, traceability, and extended shelf life. According to European Commission data (March 2024), the food and drinks industry generates ~USD 245 billion (€227 billion) in added value and employs 4.6 million people, making it the EU’s largest manufacturing sector in terms of jobs and value. SMEs are over 99% of businesses in this ecosystem. The sector has also recorded a food trade surplus, with exports doubled over the last decade to exceed ~USD 196 billion (€182 billion), contributing a positive balance of nearly ~USD 32 billion (€30 billion). These strong figures, combined with growing trade opportunities and EU Single Market benefits, are driving demand for smart food packaging technologies to support efficient, sustainable, and competitive food supply chains.

The report profiles key players such as Amcor plc (Switzerland), Mondi (UK), Sealed Air (US), Berry Global Inc. (US), Toyo Seikan Group Holdings, Ltd. (Japan), THE TETRA LAVAL GROUP (Switzerland), Crown (US), 3M (US), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Multisorb (US), Huhtamäki Oyj (Finland), Timestrip UK LTD (UK), Stepac (Israel), Checkpoint Systems, Inc. (US), and Novipax Buyer, LLC (US).

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Browse Adjacent Reports @ Food and Beverage Market Research Reports & Consulting

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Food Traceability Market Size, Share, Industry Growth, Trends Report (Technology & Software) by Technology Type (RFID, Barcodes, Infrared, Biometrics, GPS), Software Type (ERP, LIMS, Warehouse), Software End User, Technology Application and Region – Global Forecast to 2025

Food Safety Testing Market by Technology (Traditional and Rapid), Target Tested, Food Tested (Meat, Poultry, Seafood, Dairy, Processed Foods, Fruits & Vegetables, and Cereals & grains) and Region – Global Forecast to 2027

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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