Global Nano-enabled Packaging Market

[Aarti Ghodke]

Global Nano-enabled Packaging Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 13.2% through 2020 to 2026, reaching nearly US$ XX Bn.

 

The global Nano-enabled Packaging market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Nano-enabled Packaging report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Nano-enabled Packaging Market Overview:

 

Rising need for effective packaging solutions for food & beverages and pharmaceutical industries is a major factor contributing to the nano-enabled packaging industry growth. Moreover, food safety regulations introduced by governments across the world are further propelling the market growth.

Global Nano-enabled Packaging Market Dynamics:

 

The increasing demand from the food & beverage industry for effective packaging material to minimize deterioration and product extension coupled with digitization of food records is driving the nano-enabled packaging market growth. Nano-enabled packaging provides substantial benefits over conventional packaging techniques thereby rising adoption from various industries. Pharmaceutical usage of nano-enabled packaging is a major application of the technology. Also, drug packaging plays a vital role in the drug delivery process in modern treatments. Additionally, increased investment in research and development activities of products and the stringent packaging rules in the food packaging industry are expected to drive the nano-enabled packaging market demand during the forecast period 2020-2026.

 

The high costs of materials used in nano-enabled packaging and high packaging costs are some of the factors expected to hamper the market growth during the forecast period.

Global Nano-enabled Packaging Market Segment Analysis:

 

By Technology, the nano-enabled packaging market is segmented into active packaging, intelligent & smart packaging, and controlled release packaging. The active packaging segment held the largest market share in 2019 and was valued at USD XX million in 2019. Several oxygen scavengers, water vapor removers, carbon dioxide producers, ethylene removers, and ethanol releasers are expected to witness major demand from the food and pharmaceutical industries.

 

Intelligent & smart packaging is expected to register the largest CAGR of over 13.9% in terms of value during the forecast period. This application is designed for detecting microbial or biochemical changes in the food, for instance sensing specific gases which resulted in food spoilage. This technology is used as a tracking device to confirm food safety or to avoid product counterfeiting.

 

Global Nano-enabled Packaging Market

 

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By Applications, the market is segmented into food & beverages, pharmaceutical, and personal care & cosmetics.

 

Global Nano-enabled Packaging Market

Global Nano-enabled Packaging Market Regional Insights:

 

Asia Pacific Dominate the Global Nano-enabled Packaging Market

 

The Asia Pacific has held the largest market share of more than 36.2% in 2019. Availability of raw materials coupled with the growth of food processing, pharmaceutical, and personal care sectors is majorly contributing to the market process in the Asia Pacific. Growing domestic demand thanks to increasing consumer awareness towards the benefits of this packaging is expected to drive the market in this region. The region is expected to grow at a rapid pace during the forecast period.

 

North America is expected to dominate the Global Nano-enabled Packaging Market

 

North America is expected to be the second-largest region of the global nano-enabled packaging market. Supportive laws and regulations implemented for the use of nanotechnology in the food, pharmaceutical and export sector are expected to propel the market demand during the forecast period.

 

Global Nano-enabled Packaging Market Regional Insights

 

The objective of the report is to present a comprehensive analysis of the Global Nano-enabled Packaging market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

 

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

 

The report also helps in understanding the Global Nano-enabled Packaging market dynamics, structure by analyzing the market segments and project the Global Nano-enabled Packaging market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Nano-enabled Packaging market make the report investor’s guide.

Recent Development:

 

In May 2020, Danaflex Nano LLC has launched packaging material for the COVID-19 test strip, antiseptics, and other medical equipment.

 

In June 2020, BASF SE extended its packaging coatings production to South China to provide for the increasing domestic demand and reduce lead times.

Global Nano-enabled Packaging Market Scope: Inquire before buying

 

Global Nano-enabled Packaging Market

Global Nano-enabled Packaging Market, by Region

 

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Global Nano-enabled Packaging Market Key Players

 

• 3M
• BASF SE
• AVERY DENNISON CORPORATION
• Danaflex nano
• Amcor plc.
• Honeywell International Inc
• Chevron Phillips Chemical Company
• Sonoco Products Company
• Bemis Company, Inc.
• Tetra Pak International S.A.
• Sealed Air
• PPG Industries, Inc.
• Sidel
• Dupont Teijin Films U.S. Limited Partnership
• Klöckner Pentaplast
• Crown
• Minerals Technologies Inc.
• Multisorb
• Others

 

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