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.
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.
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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
Some of the Key Questions Answered in this Report:
- What are the essential drivers of the world market? How huge will the market and increase price in upcoming years?
- What are the principal market tendencies that affecting the increase of the world market?
- Key vogue elements have an effect on market share in the world’s pinnacle regions?
- Who are the most vital market contributors and what techniques being they pursuing in the international market?
- What are the market possibilities and threats to which gamers are uncovered in the world market?
- Which enterprise trends, drivers and challenges are riding that growth?
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