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Internet of Things (IoT) in Packaging – Thematic Research

The Internet of Things (IoT) describes the use of connected sensors and actuators to control and monitor the environment, the things that move within it, and the people that act within it. GlobalData forecasts that the global IoT market will grow to reach $1,077 billion by 2024, and IoT revenue in the manufacturing sector will reach $90 billion by 2025, up from $60 billion in 2019.

IoT is the foundation for digitalization within the packaging sector. Peripheral technologies like 5G, artificial intelligence (AI), cloud, and edge computing support and enhance IoT. IoT collects the data, 5G transmits it, and AI extracts insight from it.

Packaging companies are using IoT to enhance the efficiency of their operations. Connected sensors allow assets to be monitored in real-time and, when combined with AI, can be used to predict faults before they occur. Packaging manufacturers are turning to the Industrial Internet to achieve their ESG (Environmental, Social, and Governance) targets. The Industrial Internet is helping companies to monitor a range of environmental parameters, like water and energy use.

IoT_in_Packaging

Thanks to the declining price of sensors and tech vendors offering IoT as a service (IoTaaS), IoT deployment is becoming more accessible to packaging companies. Companies should resist flashy, gimmicky IoT features, and companies should define clear and targeted use-cases before implementing IoT devices across factories.

Key Players

Amcor

Crown Holdings

Packaging Corp of America

Stora Enso

Tetra Pak

WestRock

SIG Combibloc

Mondi

DS Smith

ABB

ColorSensing

Is It Fresh

KaiosID

Magic Add

Roambee

Thaddeus

Vesta Smart Packaging

Table of Contents

Executive Summary

IoT Value Chain

  • Device layer
  • Connectivity layer
  • Data layer
  • App layer
  • Services layer

Packaging Challenges

The Impact of IoT on Packaging

Case Studies

Market Size and Growth Forecasts

IoT Timeline

Companies

  • Leading IoT adopters in packaging
  • Leading IoT vendors
  • Specialist IoT vendors in packaging

Sector Scorecard

  • Packaging sector scorecard

Glossary

Further Reading

    Pricing

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