AI SET TO UNWRAP PACKAGING REVOLUTION
August 26th, 2023
Artificial intelligence (AI) shows significant potential to revolutionise the packaging industry, from product design solutions to cost- and waste-reducing efficient process engineering.
According to Future Market Insights (FMI), a Pune, India-based market research provider, around 65% of global packaging organisations plan to invest in AI solutions in the foreseeable future. FMI predicts the value of AI in the packaging market to be just over USD2 billion in 2023, rising to over USD6 billion by 2023 – a CAGR (compound annual growth rate) of 11.2% (1).
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