Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the packaging industry. This time, you get to discover 5 hand-picked startups advancing the Internet of Packaging.
Global Startup Heat Map highlights 5 Top Startups Advancing the Internet of Packaging out of 316
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 316 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 packaging startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 311 Internet of Packaging solutions, get in touch.
Vesta Smart Packaging provides Smart Packaging Solutions
Smart packaging forms a significant section of the internet of packaging. It optimizes utility and enables accountability and accessibility in the supply chain. This is done, for example, through technologies such as near field communications (NFC) tags attached to packages. Besides this, smart packaging also increases customer engagement through various related technologies, such as QR codes. Thus, startups develop smart packaging solutions to optimize revenue and improve customer experience.
UK-based startup Vesta Smart Packaging designs smart packaging solutions. The startup’s devices provide a distributed view of products and components, wherever they are. The startup thus delivers data and analytics on the status and usage statistics of products. Furthermore, fully mobile solutions track assets around multiple locations. Finally, the startup implements advanced biometrics, making sure only select personnel access assets.
Sepio Products offers Digital Labels for Track and Trace
Traditional supply chains rely on physical tracking and estimations. However, the reliance on different members of the supply chain to provide status updates entails several challenges. The foremost of these challenges is the spoiling of the package and the enclosed item. To improve this inefficient situation, startups develop digital labels to automatically track and trace packages throughout the supply chain.
Indian startup Sepio Products provides track and trace facilities for packages. The startup offers the unified software platform LogiTrack that makes products trackable through NFC, QR, RFID, or hybrid solutions. Further, integration with upstream and downstream systems via ready APIs is possible. Thus, real-time plant and supply chain level data to match enterprise resource planning (ERP) is available. This data reduces costs through optimization across the supply chain.
CuePath Innovation designs Monitored Packages for Healthcare Deliveries
Missing doses of medication has serious effects on patient health as it leads to ineffective treatment. In the case of senior citizens, there is an increased susceptibility to skipping doses, due to senescence. However, the opposite case – increasing medication dosage is dangerous as well as it can lead to unintentional overdoses. Thus, startups develop medication packages that monitor and alert users to take the right amount of medications at the right time to achieve better overall health.
Canadian startup CuePath Innovation provides package monitoring solutions. CuePath-certified pharmacies facilitate medication adherence monitoring. The pharmacist dispenses patient prescriptions in proprietary bubble packs, so-called CuePacks. These packs monitor the opening and closing of different compartments that contain medicine. With knowledge of prescription schedules, it is possible to monitor medication adherence. Additionally, opening incorrect compartments sends alerts to all parties concerned. Thus this achieves real-time adherence monitoring.
Tapwow facilitates Anti-Counterfeiting for Packages
Packages go through several facilities and processing centers before reaching their intended destination. This long-drawn-out nature of supply chains makes it easy to tamper with items during transit or at delivery. Tampering includes providing counterfeited or fake items. Thus, to ensure high quality, startups develop anti-counterfeiting solutions. For example, markers, two-factor authentication, and printed digital chips authenticate packages throughout the supply chain.
US-based startup Tapwow fights the counterfeiting of items. Algorithms and on-chip tech, two-factor identification, as well as proprietary inks and markers, protect packages. Additionally, a web-based platform allows for the monitoring of the supply chain until delivery, thereby increasing customer confidence. Additionally, AI-based solutions mark deviations from expected delivery to address bottlenecks. Finally, the platform facilitates circular production through monitoring recycling procedures.
The Porch Pod provides Smart Lock Boxes for Packages
The digital revolution shifts how consumers interact with the marketplace. eCommerce websites and digital marketplaces enable consumers to purchase goods without traveling to a retail outlet. However, despite this degree of convenience, there is a possibility of theft or maltreatment of packages. To prevent this, startups develop smart lockboxes based on digital technology, preventing theft and increasing accountability.
US-based startup The Porch Pod develops smart lockboxes for receiving packages. The eponymous solution, The Porch Pod, offers security, weather protection, and monitoring for packages. The locking system allows any major carrier, such as Amazon or USPS, to scan package tracking barcodes. The startup validates deliveries in real-time using tracking information. Furthermore, an integrated HD camera monitors the environment and increases security and accountability.
Discover more Packaging Startups
Packaging startups such as the examples highlighted in this report focus on Biodegradable Packaging, Automation, Nanotechnology as well as Digital Printing. While all of these technologies play a major role in advancing the packaging industry, they only represent the tip of the iceberg. To explore more packaging technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Packaging Innovation Report to save your time and improve strategic decision-making.