The research study conducted by Report Ocean on the “ Nano-enabled Packaging Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Nano-enabled Packaging Market is valued at approximately USD 46.63 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.50% over the forecast period 2022-2029. Nano-enabled packaging is a revolutionary technology that controls temperature and increases the product’s shelf life. Nano-enabled packaging is in high demand in the food & beverage and pharmaceutical industries due to changes in consumption patterns. The nano-enabled packaging market is driven by the growth in demand for packaged food products across the world, the global shift of people toward hygienic food, and the rise in the digitalization of food records. It is also capable of better-protecting qualities such as taste, color, texture, and consistency of food products.
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The global nano-enabled packaging market is driven by the rise in food-led export activities and maintaining the quality of processed food is expected to drive future market growth. According to Statista, In 2019, The food Packaging Market revenue was USD 304.98 billion and the number is anticipated to reach USD 463.65 billion by 2027. Moreover, Advancements in nanotechnology and an increase in spending on research and development of advanced packaging techniques create growth opportunities in the market. Also, the safety and traceability offered by such packaging are primarily attracting consumers towards it. However, the high cost of nanomaterials is obstructing market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Nano-enabled Packaging market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the Nano-enabled Packaging Market in terms of revenue. The growth in this region is driven by the increasing availability of raw materials and increasing consumption of ready-to-go meals. China, Japan, and India are projected to experience strong growth followed by other Southeast Asian countries. The Fastest growing region in the world’s nano-enabled packaging market is anticipated for North America. The high demand for packaging in the food, pharmaceutical, and export sectors is projected to boost market demand in the forecast period.
Major market player included in this report are:
Bemis Company, Inc.
Honeywell International, Inc.
Klockner Pentaplast Ltd
Amcor Plc
Sealed Air Corporation
Sonoco Products Company
3M
CCL Industries Inc.
BASF SE
Tetra Pak
Recent Developments in the Market:
In January 2021, Avery Dennison reported that, after some changes in post-closing, it had acquired the business of Ohio-based ACPO Ltd. for the purchase price of $87.6 million,ACPO is a leader in pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees.
Global Nano-enabled Packaging Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Technology, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Technology:
Active Packaging
Intelligent Packaging
others
By Application:
Food & Beverages
Pharmaceuticals
Cosmetics
Consumer Electronics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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