Nano-enabled Packaging Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Sales Channel (Offline, Online), By Technology (Active Packaging, Intelligent and Smart Packaging, Others), By Application (Food and Beverages, Pharmaceutical, Personal Care, Others), By Region and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNano-enabled Packaging Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Sales Channel (Offline, Online), By Technology (Active Packaging, Intelligent and Smart Packaging, Others), By Application (Food and Beverages, Pharmaceutical, Personal Care, Others), By Region and Competition
In 2018, paper-based packaging increased by 24 % for food and beverage products.
One of the sectors with the fastest rate of growth is nanotechnology, which is boosting a number of sectors, including the packaging sector. More bakery, meat, fruit, and vegetable products, as well as other processed food products, use nano-enabled packaging. In addition, advancements in nanotechnology and increased global investments, food safety regulations launched by governments around the world have boosted the market in the projected year.
Rising Demand From Food & Beverage Sector
Recent advancements in product safety, shelf life extension, economic effectiveness, environmental concerns, and customer convenience have all contributed to the evolution of food and beverage packaging. Active packaging, a revolutionary approach to food and beverage packaging, can allow the abovementioned extension and improvement in quality. Traditional packaging has certain limitations when it comes to increasing shelf life. Owing to this, applying nanotechnology to the food and beverage industries improves the antibacterial, mechanical, and barrier properties of food packaging as well as the color, flavor, taste, texture, and consistency of food. It also increases the bioavailability and absorption of nutrients from food. Customers may be informed about a product's safety if it includes nanoparticles. Preservatives can be released by it, extending the life span of packaged foods.
Moreover, the food and beverage packaging industry uses a broad variety of nanosensors, including array biosensors, electronic noses, nanocantilevers, nano-test strips, nanoparticles in solution, and others. Throughout the food supply chain, packaging containing nanosensors can be used to track the exterior or interior conditions of food products, pellets, and containers.
For instance, According to BusinessDay, Nigeria invests USD 380 million in food packaging technology in 2021
Therefore, increasing demand for the food & beverage sector is expected to drive the growth of Global Nano-enabled Packaging market during the forecast period.
Growing Demand from Pharmaceutical Sector
By extending the shelf life of the packaging and serving as an antibacterial barrier, nanotechnology-enabled packaging gives medicines chemical and physical stability. It helps to restore the medical characteristics of the drugs and shields them from environmental toxins. This type of packaging helps in protecting drugs from light, moisture, and air.
For instance, in September 2022, the Union Health Ministry of India made quick response (QR) codes mandatory on the packaging of 300 life-saving drugs.
All these factors drive are expected to drive the Global Nano-enabled Packaging market demand during the forecast period.
Active Packaging will be the key Technology
Nanoparticles are used in active nano-enabled packaging to shield them from outside effects. This process makes use of oxygen scavengers, carbon dioxide producers, water vapor removers, ethanol releasers, and ethylene removers. This technology is anticipated to meet the future needs of both the food and beverage industry and the pharmaceutical industry.
Furthermore, intelligent and smart packaging is made to detect microbiological or biochemical changes in the food, such as the development of particular infections or the presence of particular gases that might cause food spoiling. Additionally, this technology serves as a tracking tool to guarantee food safety or prevent product fraud.
Therefore, with the development of packaging technology, the demand for Global Nano-enabled Packaging market increases during the forecast period.
Recent Developments
- In December 2022, Amcor opened the
largest flexible packaging plant in China.
- Amcor launches more sustainable
packaging for pharmaceuticals in April 2022.
- In June 2020, in order to meet the
rising local demand and shorten lead times, BASF SE expanded the
manufacture of packaging coatings to South China.
- Danaflex Nano LLC launched
packaging material for antiseptics and other medical equipment in May
2020.
Market Segmentation
Global Nano-enabled Packaging Market
Company Profiles
Danaflex Nano LLC., Amcor plc, Sonoco Products Co., BASF SE, Avery Dennison Corp., Tetra Pak International S.A., DuPont Teijin Films, Sealed Air Corporation, Sidel Group, and Innovia Films Ltd. are some of the key players in the global Nano-enabled Packaging market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends |
|
Segments covered |
· Sales Channel ·
Technology ·
Application |
|
Regional scope |
North America,
Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United States, Mexico, Canada, France, Germany, United
Kingdom, Spain, Italy, Switzerland, China, India, South Korea, Japan, Australia,
Brazil, Argentina, South Africa, Saudi Arabia, UAE |
|
Key companies profiled |
Danaflex Nano
LLC., Amcor plc, Sonoco Products Co., BASF SE, Avery Dennison Corp., Tetra
Pak International S.A., DuPont Teijin Films, Sealed Air Corporation, Sidel
Group, Innovia Films Ltd. |
|
Customization scope |
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase
options |
Avail customized
purchase options to meet your exact research needs. Explore
purchase options |
|
Delivery Format |
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request) |
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy