The use of Artificial intelligence’s (AI) in the packaging market is projected to reach a value of $2,080.8 million in 2023 and is expected to grow to $6,015.6 million by 2033. That’s according to Future Market Insights, which adds that the sales of AI in packaging are forecast to have a significant CAGR of 11.20% during the forecast period.
As the report explains, AI in packaging refers to the use of advanced technologies like machine learning and computer vision to improve various processes in the packaging industry. AI systems can analyze images to detect defects in packaging materials, ensuring high-quality products reach the market. It also aids in supply chain management by optimizing production and distribution processes based on historical sales data and market trends, reducing costs and stockouts. In addition, AI algorithms can generate personalized packaging designs and recommend suitable materials based on consumer preferences, market trends, and product data.
 | Read related column from Packaging World Editor Matt Reynolds, “How Will AI Shape Packaging’s Future?” |
