March 9, 2020

Nano-enabled Packaging Market Size, Share, Growth, Trends and Forecast To 2026

New York, NY 9 Mar 2020: The global nano-enabled packaging market is estimated to reach USD 89.0 billion by 2026 growing at a CAGR of 12.7% during the forecast period, according to a new study published by Polaris Market Research. The report 'Nano-Enabled Packaging Market Share, Size, Trends, & Industry Analysis Report, By Type (Active, Intelligent, Others); By End-User (Food and Beverages, Pharmaceutical, Personal Care, Others); By Regions: Segment Forecast, 2018 – 2026 ' provides an extensive analysis of present market dynamics and predicted future trends. In 2017, the food and beverage segment accounted for the highest market share. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.

The increasing demand for packaged food products, growth in e-commerce, and an increasing proportion of technologically inclined consumers support the market growth. Increasing demand for fresh fruit and vegetables and stringent government regulation to promote the use of Nano-enabled packaging for improved food safety boosts the market growth.

The growing use in the pharmaceutical industry, development of intelligent packaging, and rise in food-led export activities would accelerate the adoption of Nano-enabled packaging solutions during the forecast period. Various brands operating in the packaging market are adopting Nano-Enabled and smart packaging to enhance shelf appeal and brand exposure. New marketing techniques incorporating smartphone apps and codes are being used to attract consumers, thereby increasing the industry size.

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Use of Nano-enabled packaging is expected to increase significantly during the forecast period. Use of Nanotechnology in food packaging increases the shelf life of food products, minimizes the spoilage, ensures food safety, and repairs the tears in packaging. Nano-enabled packaging solutions are also capable of alerting consumers about the safety of product, and sometimes release preservatives to extend shelf life of food in package.

A wide range of nanosensors are used in the food packaging industries, which include electronic noses, array biocensors, nanocantilevers, nanoparticle in solution, and nano-test strips among others. Packaging with nano-sensors is useful to trace the external or internal conditions of food products, pellets and containers throughout the food supply chain.

Asia-Pacific generated the highest market share in terms of revenue in 2017, and is expected to lead the global Nano-Enabled Packaging market throughout the forecast period. The growing population, rising disposable incomes, and a transition from traditional markets to the purchasing of packaged consumer goods, especially in the food and beverage segment has accelerated the market growth in the region. The food and beverage, and food delivery industry is on a significant rise in the region. The increasing demand for fresh fruits and vegetables, and meat products is generating numerous opportunities for the Nano-Enabled Packaging industry.

The well-known companies profiled in the report include Amcor Limited, BASF SE, Bemis Company, Inc., Sonoco Products Company, Danaflex Nano LLC, Honeywell International Inc., Tetra Pak International SA, DuPont Teijin Films, Chevron Phillips Chemical Company LLC, and Klöckner Pentaplast. These companies launch new products and collaborate with other leaders in the industry to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Polaris Market Research has segmented the global Nano-Enabled Packaging market on the basis of type, end user, and region:

Nano-Enabled Type Outlook (Revenue, USD Billion, 2015 – 2026)

Active

Intelligent

Other

Nano-Enabled End User Outlook (Revenue, USD Billion, 2015 – 2026)

Food and Beverages

Pharmaceutical

Personal care

Other

Nano-Enabled Regional Outlook (Revenue, USD Billion, 2015 – 2026)

North america

US.

Canada

Europe

Germany

UK

France

Italy

Spain

Belgium

Russia

Netherlands

Rest of europe

Asia-Pacific

China

India

Japan

Korea

Singapore

Malaysia

Indonesia

Thailand

Philippines

Rest of Asia-Pacific

Latin america

Brazil

Mexico

Argentina

Rest of LATAM

Middle East & Africa

UAE

Saudi Arabia

South africa

Rest of MEA

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