Nano-enabled Packaging Market - Forecast(2023 - 2028)
Nano-Enabled Packaging Market Overview
Nano-Enabled Packaging Market size is forecast to reach $45.6 billion by 2026, after growing at a CAGR of 13% during 2021-2026. With the rise in food packaging, the demand for polypropylene and polyethylene-based nanomaterials will also increase as they were used to reduce the atmospheric oxygen’s permeability of food packaging, hence the nano-enabled packaging industry would witness an increase in demand in the upcoming years.
Growing popularity in several concerns
of food packaging, such as food safety, packaging, processing, bioavailability,
among others will further enhance the overall market demand for nano-enabled packaging
industry during the forecast period, as nanocomposites or nanomaterials food
packaging are multilayered barrier film. The polyamide and metal nanofilms
ensure impermeability to gases and moisture, keeping the product fresh for
longer, whilst retaining the flexibility of the polyester and thermoplastic polyolefin films.
The rapid spread of coronavirus
has had a major impact on global markets as major economies of the world were in completely lockdown due to the pandemic. According to the International Foodservice Distributors Association ,
$300 billion food service industry has seen a sales decline of 60% to 90% due to
COVID-19. This decline in food services have hindered the market growth for
nano-enabled packaging.
Nano-Enabled Packaging Market Report Coverage
The report: “Nano-Enabled Packaging Market – Forecast (2021-2026)”, by IndustryARC,
covers an in-depth analysis of the following segments of the nano-enabled packaging
Market.
By Type – Active Packaging,
Improved Packaging, Intelligent/Smart Packaging and Others.
By Nanomaterials - Silver
Nanoparticle, Titanium Nitride Nanoparticle, Nano-Titanium Dioxide, Nano-Zinc
Oxide, Nanoclay, and Others.
By End Use Industry – Food & Beverages, Pharmaceutical, Cosmetics,
Consumer Electronics and Others.
By Geography –
Key Takeaways
- Asia-Pacific dominates the nano-enabled packaging market owing to increasing demand from end use industries such as food & beverages, pharmaceutical and others.
- The growing popularity nanomaterials such as nano-clay, nano-emulsions among others, in the packaging industry is likely to aid in the market growth of nano-enabled packaging
- The growing food safety for public health concerns will increase the market demand for nano-enabled packaging in the near future.
- Expensive developing cost with high-cost end product will create hurdles for the nano-enabled packaging market
Figure: Asia Pacific Nano-Enabled Packaging Market Revenue, 2020-2026 (US$ Million/Billion)
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Nano-Enabled Packaging Market Segment Analysis – By Type
Active Packaging segment held the largest share in the nano-enabled packaging market in the year 2020 and is expected to grow at a CAGR of 7.2% during the forecast period. Active packaging incorporates the active constituent using nanotechnology into a food package material such as polypropylene, thymol and others, which increases the shelf-life, food quality and safety of the food product. The use of nanomaterials helps to interact directly with food or environment to allow better protection of the product.
Various nanomaterials such
as nanocopper oxide, nanosilver, nanotitanium dioxide, nanomagnesium oxide and
carbon nanotubes can provide antimicrobial properties. Whereas the drawbacks in
existing packaging technique such as lack of recyclability, non-sustainable
production, inadequate mechanical and barrier properties are certain challenges
that should be tackled by the packaging industries. So, the growing demand for
packaging and investments by food packaging companies is expected to increase
the market growth for nano-enabled packaging.
Nano-Enabled Packaging Market Segment Analysis – By End Use Industry
Food & Beverages sector has been the primary market for nano-enabled packaging in the year 2020 and is expected to grow at a CAGR of 13.5% during the forecast period. Nanotechnology is used to in food and beverages to improve in temperature resistance, enhanced durability, flame resistance, barrier, recycling and others. Whereas the nanotech packaging also helps to maintain the taste of the food.
One example is
bottles made with nanocomposites or nanomaterials that minimizes the leakage of
carbon dioxide out of the bottle, this increases the shelf life of carbonated
beverages without having to use heavier glass bottles or more expensive cans. According
to United States Department of Agriculture (USDA), the federal expenditures for
USDA 's 15 food and nutrition
assistance programs totaled for USD $92.4 billion in fiscal year 2019. So, with
the increasing investments towards the food security will increase the market
growth for nano-enabled packaging during the forecast time period.
Nano-Enabled Packaging Market Segment Analysis – By Geography
APAC dominated the nano-enabled packaging market in the year 2020 and is expected to grow at a CAGR of 13.2% during the forecast period. Countries such as India and China are the major countries in this region, owing to the higher consumption from food & beverages and pharmaceutical industries. In September 2019, according to the UAE-India food corridor project, major UAE entities are expected to invest up to USD $7 billion in India’s food sector in the upcoming years. Thus, the investments towards food around these countries will boost the nano-enabled packaging market.
Nano-Enabled Packaging Market Drivers
Growing demand in Pharmaceutical
Nanotechnology in pharmaceutical packaging prevents products from being distributed outside of their intended market and also helps brand owners to track where distributors are sending their product. This helps to avoid any kind of black market of medicines. Whereas the increasing spending towards pharmaceutical industries will enhance the market growth for nano-enabled packaging.
Government Initiatives Regarding Nanotechnology
Governments globally
are focusing on boosting the nanotechnology by investing more towards their
R&D centres. The “National Nanotechnology Initiative” (NNI) has a
supplement to the 2019 budget where it was revealed that cumulative funding for
the initiative since 2001 is now almost US$27 billion. So, owing to this the
nano-enabled packaging market is expected to grow.
Nano-Enabled Packaging Market Challenges
Expensive Developing Cost
Nanotechnology is very expensive and
developing it can cost a lot of money. It is also pretty difficult to
manufacture, which is probably why products made with nanotechnology are more
expensive. The price of gold nanoparticles is $80,000 per gram while a gram of
pure. Therefore, the expensive developing cost and raw product may hinder the
market growth for nano-enabled packaging.
Nano-Enabled Packaging Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the nano-enabled packaging
market. Major players in the nano-enabled packaging market are Amcor Limited,
Avery Dennison, Basf Se, Bemis Company, Inc, Chevron Phillips Chemical Co. Lcc,
Danaflex Nano Llc, Dupont Teijin Film, Honeywell International Inc, Innovia
Film, Klckner Pentaplast, Ppg Industries, Inc, Sealed Air among others.
Acquisitions/Technology Launches
- In June 2019, Amcor has successfully completed the acquisition of Bemis Company Inc. The acquisition of Bemis brings additional scale, capabilities and footprint that will strengthen Amcor’s industry leading value proposition and generate significant value for shareholders.
- In March 2020, Avery Dennison Corporation has completed the acquisition of Smartrac’s Transponder business, for the purchase price of US $248.09 (€225) million.
Relevant Reports
Sustainable Packaging Market
– Forecast (2021 - 2026)
Report Code: CMR 0210
Nanophotonic Equipment
Market – Forecast (2021 - 2026)
Report Code: CMR 0229
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global Nano-Enabled Packaging Application Outlook Market 2019-2024 ($M)1.1 Nano-Enabled Packaging Share By Application Market 2019-2024 ($M) - Global Industry Research
1.2 Food Beverage Market 2019-2024 ($M) - Global Industry Research
1.3 Pharmaceutical Market 2019-2024 ($M) - Global Industry Research
1.4 Personal Care Cosmetic Market 2019-2024 ($M) - Global Industry Research
2.Global Competitive Landscape Market 2019-2024 ($M)
2.1 Danaflex Nano Llc Market 2019-2024 ($M) - Global Industry Research
2.2 Amcor Limited Market 2019-2024 ($M) - Global Industry Research
2.3 Honeywell International Inc Market 2019-2024 ($M) - Global Industry Research
2.4 Basf Se Market 2019-2024 ($M) - Global Industry Research
2.5 Chevron Phillips Chemical Co. Lcc Market 2019-2024 ($M) - Global Industry Research
2.6 Sonoco Product Co Market 2019-2024 ($M) - Global Industry Research
2.7 Bemis Company, Inc Market 2019-2024 ($M) - Global Industry Research
2.8 Avery Dennison Market 2019-2024 ($M) - Global Industry Research
2.9 Tetra Pak International S A Market 2019-2024 ($M) - Global Industry Research
2.10 Sealed Air Market 2019-2024 ($M) - Global Industry Research
2.11 Ppg Industries, Inc Market 2019-2024 ($M) - Global Industry Research
2.12 Sidel Market 2019-2024 ($M) - Global Industry Research
2.13 Dupont Teijin Film Market 2019-2024 ($M) - Global Industry Research
2.14 Klckner Pentaplast Market 2019-2024 ($M) - Global Industry Research
2.15 Innovia Film Market 2019-2024 ($M) - Global Industry Research
3.Global Nano-Enabled Packaging Application Outlook Market 2019-2024 (Volume/Units)
3.1 Nano-Enabled Packaging Share By Application Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Food Beverage Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Pharmaceutical Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Personal Care Cosmetic Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Competitive Landscape Market 2019-2024 (Volume/Units)
4.1 Danaflex Nano Llc Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Amcor Limited Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Honeywell International Inc Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Basf Se Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Chevron Phillips Chemical Co. Lcc Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Sonoco Product Co Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Bemis Company, Inc Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Avery Dennison Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Tetra Pak International S A Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 Sealed Air Market 2019-2024 (Volume/Units) - Global Industry Research
4.11 Ppg Industries, Inc Market 2019-2024 (Volume/Units) - Global Industry Research
4.12 Sidel Market 2019-2024 (Volume/Units) - Global Industry Research
4.13 Dupont Teijin Film Market 2019-2024 (Volume/Units) - Global Industry Research
4.14 Klckner Pentaplast Market 2019-2024 (Volume/Units) - Global Industry Research
4.15 Innovia Film Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Nano-Enabled Packaging Application Outlook Market 2019-2024 ($M)
5.1 Nano-Enabled Packaging Share By Application Market 2019-2024 ($M) - Regional Industry Research
5.2 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
5.3 Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
5.4 Personal Care Cosmetic Market 2019-2024 ($M) - Regional Industry Research
6.North America Competitive Landscape Market 2019-2024 ($M)
6.1 Danaflex Nano Llc Market 2019-2024 ($M) - Regional Industry Research
6.2 Amcor Limited Market 2019-2024 ($M) - Regional Industry Research
6.3 Honeywell International Inc Market 2019-2024 ($M) - Regional Industry Research
6.4 Basf Se Market 2019-2024 ($M) - Regional Industry Research
6.5 Chevron Phillips Chemical Co. Lcc Market 2019-2024 ($M) - Regional Industry Research
6.6 Sonoco Product Co Market 2019-2024 ($M) - Regional Industry Research
6.7 Bemis Company, Inc Market 2019-2024 ($M) - Regional Industry Research
6.8 Avery Dennison Market 2019-2024 ($M) - Regional Industry Research
6.9 Tetra Pak International S A Market 2019-2024 ($M) - Regional Industry Research
6.10 Sealed Air Market 2019-2024 ($M) - Regional Industry Research
6.11 Ppg Industries, Inc Market 2019-2024 ($M) - Regional Industry Research
6.12 Sidel Market 2019-2024 ($M) - Regional Industry Research
6.13 Dupont Teijin Film Market 2019-2024 ($M) - Regional Industry Research
6.14 Klckner Pentaplast Market 2019-2024 ($M) - Regional Industry Research
6.15 Innovia Film Market 2019-2024 ($M) - Regional Industry Research
7.South America Nano-Enabled Packaging Application Outlook Market 2019-2024 ($M)
7.1 Nano-Enabled Packaging Share By Application Market 2019-2024 ($M) - Regional Industry Research
7.2 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
7.3 Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
7.4 Personal Care Cosmetic Market 2019-2024 ($M) - Regional Industry Research
8.South America Competitive Landscape Market 2019-2024 ($M)
8.1 Danaflex Nano Llc Market 2019-2024 ($M) - Regional Industry Research
8.2 Amcor Limited Market 2019-2024 ($M) - Regional Industry Research
8.3 Honeywell International Inc Market 2019-2024 ($M) - Regional Industry Research
8.4 Basf Se Market 2019-2024 ($M) - Regional Industry Research
8.5 Chevron Phillips Chemical Co. Lcc Market 2019-2024 ($M) - Regional Industry Research
8.6 Sonoco Product Co Market 2019-2024 ($M) - Regional Industry Research
8.7 Bemis Company, Inc Market 2019-2024 ($M) - Regional Industry Research
8.8 Avery Dennison Market 2019-2024 ($M) - Regional Industry Research
8.9 Tetra Pak International S A Market 2019-2024 ($M) - Regional Industry Research
8.10 Sealed Air Market 2019-2024 ($M) - Regional Industry Research
8.11 Ppg Industries, Inc Market 2019-2024 ($M) - Regional Industry Research
8.12 Sidel Market 2019-2024 ($M) - Regional Industry Research
8.13 Dupont Teijin Film Market 2019-2024 ($M) - Regional Industry Research
8.14 Klckner Pentaplast Market 2019-2024 ($M) - Regional Industry Research
8.15 Innovia Film Market 2019-2024 ($M) - Regional Industry Research
9.Europe Nano-Enabled Packaging Application Outlook Market 2019-2024 ($M)
9.1 Nano-Enabled Packaging Share By Application Market 2019-2024 ($M) - Regional Industry Research
9.2 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
9.3 Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
9.4 Personal Care Cosmetic Market 2019-2024 ($M) - Regional Industry Research
10.Europe Competitive Landscape Market 2019-2024 ($M)
10.1 Danaflex Nano Llc Market 2019-2024 ($M) - Regional Industry Research
10.2 Amcor Limited Market 2019-2024 ($M) - Regional Industry Research
10.3 Honeywell International Inc Market 2019-2024 ($M) - Regional Industry Research
10.4 Basf Se Market 2019-2024 ($M) - Regional Industry Research
10.5 Chevron Phillips Chemical Co. Lcc Market 2019-2024 ($M) - Regional Industry Research
10.6 Sonoco Product Co Market 2019-2024 ($M) - Regional Industry Research
10.7 Bemis Company, Inc Market 2019-2024 ($M) - Regional Industry Research
10.8 Avery Dennison Market 2019-2024 ($M) - Regional Industry Research
10.9 Tetra Pak International S A Market 2019-2024 ($M) - Regional Industry Research
10.10 Sealed Air Market 2019-2024 ($M) - Regional Industry Research
10.11 Ppg Industries, Inc Market 2019-2024 ($M) - Regional Industry Research
10.12 Sidel Market 2019-2024 ($M) - Regional Industry Research
10.13 Dupont Teijin Film Market 2019-2024 ($M) - Regional Industry Research
10.14 Klckner Pentaplast Market 2019-2024 ($M) - Regional Industry Research
10.15 Innovia Film Market 2019-2024 ($M) - Regional Industry Research
11.APAC Nano-Enabled Packaging Application Outlook Market 2019-2024 ($M)
11.1 Nano-Enabled Packaging Share By Application Market 2019-2024 ($M) - Regional Industry Research
11.2 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
11.3 Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
11.4 Personal Care Cosmetic Market 2019-2024 ($M) - Regional Industry Research
12.APAC Competitive Landscape Market 2019-2024 ($M)
12.1 Danaflex Nano Llc Market 2019-2024 ($M) - Regional Industry Research
12.2 Amcor Limited Market 2019-2024 ($M) - Regional Industry Research
12.3 Honeywell International Inc Market 2019-2024 ($M) - Regional Industry Research
12.4 Basf Se Market 2019-2024 ($M) - Regional Industry Research
12.5 Chevron Phillips Chemical Co. Lcc Market 2019-2024 ($M) - Regional Industry Research
12.6 Sonoco Product Co Market 2019-2024 ($M) - Regional Industry Research
12.7 Bemis Company, Inc Market 2019-2024 ($M) - Regional Industry Research
12.8 Avery Dennison Market 2019-2024 ($M) - Regional Industry Research
12.9 Tetra Pak International S A Market 2019-2024 ($M) - Regional Industry Research
12.10 Sealed Air Market 2019-2024 ($M) - Regional Industry Research
12.11 Ppg Industries, Inc Market 2019-2024 ($M) - Regional Industry Research
12.12 Sidel Market 2019-2024 ($M) - Regional Industry Research
12.13 Dupont Teijin Film Market 2019-2024 ($M) - Regional Industry Research
12.14 Klckner Pentaplast Market 2019-2024 ($M) - Regional Industry Research
12.15 Innovia Film Market 2019-2024 ($M) - Regional Industry Research
13.MENA Nano-Enabled Packaging Application Outlook Market 2019-2024 ($M)
13.1 Nano-Enabled Packaging Share By Application Market 2019-2024 ($M) - Regional Industry Research
13.2 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
13.3 Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
13.4 Personal Care Cosmetic Market 2019-2024 ($M) - Regional Industry Research
14.MENA Competitive Landscape Market 2019-2024 ($M)
14.1 Danaflex Nano Llc Market 2019-2024 ($M) - Regional Industry Research
14.2 Amcor Limited Market 2019-2024 ($M) - Regional Industry Research
14.3 Honeywell International Inc Market 2019-2024 ($M) - Regional Industry Research
14.4 Basf Se Market 2019-2024 ($M) - Regional Industry Research
14.5 Chevron Phillips Chemical Co. Lcc Market 2019-2024 ($M) - Regional Industry Research
14.6 Sonoco Product Co Market 2019-2024 ($M) - Regional Industry Research
14.7 Bemis Company, Inc Market 2019-2024 ($M) - Regional Industry Research
14.8 Avery Dennison Market 2019-2024 ($M) - Regional Industry Research
14.9 Tetra Pak International S A Market 2019-2024 ($M) - Regional Industry Research
14.10 Sealed Air Market 2019-2024 ($M) - Regional Industry Research
14.11 Ppg Industries, Inc Market 2019-2024 ($M) - Regional Industry Research
14.12 Sidel Market 2019-2024 ($M) - Regional Industry Research
14.13 Dupont Teijin Film Market 2019-2024 ($M) - Regional Industry Research
14.14 Klckner Pentaplast Market 2019-2024 ($M) - Regional Industry Research
14.15 Innovia Film Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Nano-enabled Packaging Market Revenue, 2019-2024 ($M)2.Canada Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
3.Mexico Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
4.Brazil Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
5.Argentina Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
6.Peru Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
7.Colombia Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
8.Chile Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
9.Rest of South America Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
10.UK Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
11.Germany Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
12.France Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
13.Italy Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
14.Spain Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
15.Rest of Europe Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
16.China Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
17.India Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
18.Japan Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
19.South Korea Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
20.South Africa Nano-enabled Packaging Market Revenue, 2019-2024 ($M)
21.North America Nano-enabled Packaging By Application
22.South America Nano-enabled Packaging By Application
23.Europe Nano-enabled Packaging By Application
24.APAC Nano-enabled Packaging By Application
25.MENA Nano-enabled Packaging By Application