The market for artificial intelligence (AI) in packaging is anticipated to expand to a value of US$ 6,015.6 million by 2033 from US$ 2,080.8 million in 2023. During the projection period, the sales of AI in packaging are expected to rise at a substantial compound annual growth rate (CAGR) of 11.20%.
Artificial intelligence (AI) in packaging refers to the application of cutting-edge technology like machine learning and computer vision to enhance various packaging industry operations.
AI systems may examine photographs to find flaws in packing materials, guaranteeing that only top-notch goods are sent onto the market. By optimising production and distribution procedures based on previous sales data and market patterns, it also helps with supply chain management by cutting costs and stockouts.
Using information about consumer preferences, market trends, and product data, AI algorithms may create customised packaging designs and suggest appropriate materials.
Market dynamics are impacted by drivers and challenges, and this can have an effect on your business.
The need for intelligent and environmentally friendly packaging has given rise to opportunities for AI-driven innovations that improve product safety and customer engagement. Examples of these innovations include active monitoring systems, temperature-sensitive labelling, and interactive packaging experiences.
Predictive maintenance, quality assurance using computer vision, supply chain optimisation, voice and picture recognition for hands-free operations, and data analytics for insights into consumer behaviour and operational efficiency are some of the key developments in artificial intelligence in packaging.
But there are a number of obstacles on the market. Smaller businesses may find it difficult to integrate AI in packaging due to high implementation expenses.
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