Global nano-enabled packaging market was valued at USD 23.73 Billion in 2015. It is expected to grow significantly over the forecast period. Favorable food safety regulations, as well as increasing demand for packaging solutions in the food and beverage and pharmaceutical sectors are the key factors driving demand growth.
One of the fastest growing industries is nanotechnology. This is a contributing factor to the growth in many industries, including the packaging industry. The demand for nano-enabled packaging is expected to rise from 2016 to 2024.
U.S. Nano-enabled Package Market Revenue by Application, 2014-2024 (USD Million).
Asia Pacific is expected grow at the highest rate over the forecast period and will occupy the largest market share by 2024. Asia Pacific's main drivers are the increasing demand for ready-to-eat meals and changing demographics in Japan and China. The market will be boosted by significant investments in nano-enabled packaging solutions.
The food and beverage industry will see an increase in demand for packaging solutions that can improve shelf life, preserve product quality, and trackable. The demand for personal and pharmaceutical care products will rise due to rising investments in research and development.
The largest share of active packaging was in 2015, with a value of USD 14,245.6 millions in 2015. Nanoparticles are used to create an invisible barrier against outside influences in active nano-enabled packages. These technologies include oxygen scavengers and water vapor removers as well as carbon dioxide producers and ethylene releasers. This technology is expected to be in high demand in the pharmaceutical and food industries.
The highest value growth rate of intelligent and smart packaging is expected to be 12.9% between 2016-2024. Smart packaging can detect microbial and biochemical changes in food. It is used to detect specific pathogens in food or gasses that could cause food spoilage. This technology can also be used to track products and ensure food safety.
The wide acceptance of nano-enabled packaging in the food and beverage industry has been great. In 2015, 39% of market demand was in the food and beverage sector. It protects food and beverages from UV-rays and light. It also acts as a barrier to moisture and provides stability, safety and durability. Future market growth will be driven by the use of nanotechnology to extend shelf life and preserve quality in processed foods.
Nano-enabled packaging improves the chemical and physical stability of medicines and acts as an antimicrobial barrier. It helps to protect medicines from environmental pollutants as well as restore their medicinal properties. Market demand is expected to rise due to growing preference for trackable pharmaceutical packaging.
In 2015, Asia Pacific was the dominant region in nano-enabled packaging. In 2015, the market was valued at USD 9166.6 million and is expected to grow at the highest rate of CAGR between 2016 and 2024. This region's growth is due to the availability of raw materials, growing food processing, pharmaceuticals, and personal care sectors. China, Japan and India will experience strong growth, followed by South East Asian countries.
North America will account for the second largest share of the global market for nano-enabled packaging. Market demand is expected to rise due to favorable laws and regulations that allow the use of nanotechnology in food, pharmaceutical, as well as export sectors.
Companies that are leaders in nano-enabled packaging technology innovation and development are at the forefront of the market. This market is dominated by BASF SE, Danaflex Nano LLC, Amcor Limited, Chevron Phillips Chemical Co. LLC, Sonoco Products Co., Honeywell International Inc., Bemis Company Inc., Avery Dennison, Tetra Pak International S.A., Sealed Air, PPG Industries, Inc., Sidel, DuPont Teijin Films, Klockner Pentaplast, Innovia Films.
Up Market Research published a new report titled “Nano-enabled Packaging Market research report which is segmented by Application (Personal Care & Cosmetics, Pharmaceutical, Food & Beverages), by Technology (Active Packaging, Controlled Release Packaging, Intelligent & Smart Packaging), By Players/Companies Sonoco Products Co, Amcor Limited, BASF SE, Honeywell International Inc, Bemis Company Inc, Avery Dennison, Danaflex Nano LLC, Chevron Phillips Chemical Co LLC, PPG Industries, DuPont Teijin Films, Inc, Kl¶ckner Pentaplast, Sidel, Sealed Air, Tetra Pak International SA, Innovia Films”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Nano-enabled Packaging Market Research Report |
By Application | Personal Care & Cosmetics, Pharmaceutical, Food & Beverages |
By Technology | Active Packaging, Controlled Release Packaging, Intelligent & Smart Packaging |
By Companies | Sonoco Products Co, Amcor Limited, BASF SE, Honeywell International Inc, Bemis Company Inc, Avery Dennison, Danaflex Nano LLC, Chevron Phillips Chemical Co LLC, PPG Industries, DuPont Teijin Films, Inc, Kl¶ckner Pentaplast, Sidel, Sealed Air, Tetra Pak International SA, Innovia Films |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 248 |
Number of Tables & Figures | 174 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Personal Care & Cosmetics, Pharmaceutical, Food & Beverages), by Technology (Active Packaging, Controlled Release Packaging, Intelligent & Smart Packaging).
Nano-enabled Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Nano-enabled Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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