New York City, 27 February 2019: The Global Nano-Enabled Packaging Market is estimated to grow at a CAGR of 12.8% from 2019 to 2026 according to a
new report published by Polaris Market Research, indicates that the global Nano-Enabled Packaging market
generated $34.2 billion in
2018.
Nano-enabled Packaging uses
nanomaterials for improved packaging of food and beverages. Nanomaterials may
consist of silver nanoparticles, titanium nitride nanoparticle and
nano-titanuim dioxide to enhance a product’s shelf life while greatly reducing
contamination. Nanomaterials are usually mixed with polymer matrix for enhanced
gas barrier, temperature and humidity resistance. Nano-enabled Packaging is
categorized into active packaging, and intelligent packaging. Active packaging
uses nanomaterials to interact directly with the food or the environment for
improved protection of the product, whereas intelligent packaging is designed
for sensing biochemical or microbial changes in food products for food safety and
to avoid counterfeit.
Nano-Enabled packaging provides an intelligent packaging solution to prevent
the contamination of food and beverages. The increasing demand for packaged food products, along with
growing application in the pharmaceutical industry drives the Nano-enabled
packaging market growth. Government regulation to promote the use of
nano-enabled packaging for improved food safety, and rising need for shelf-stable packaging has
accelerated the Nano-Enabled Packaging market growth across the globe. The
significant growth in the food-led export activities increase in packaging
consumption, and rising demand for anti-counterfeit products coupled with
technological advancements is expected to provide numerous growth opportunities
for the Nano-Enabled Packaging industry.
The report provides an extensive qualitative and quantitative analysis
of the market trends and growth prospects of the Global Nano-Enabled Packaging
Market, 2018-2026. This Nano-Enabled Packaging market report comprises a
detailed geographic distribution of the market across North America, Europe, Asia-Pacific,
Latin America, and MEA. North America is further segmented into U.S., Canada,
and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe.
Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Asia-Pacific generated the highest revenue in the Nano-Enabled Packaging
industry in 2018. The increasing demand for packaged food, and growing
consumption of fruits, vegetables, and meat products drives the Nano-Enabled
Packaging market growth in the region. Brands have started investing in Nano-Enabled
Packaging solutions owing to regulations and improved food safety standards.
Competitive Landscape and Key Vendors
The global Nano-Enabled Packaging market is characterized by the
presence of well-diversified international and small and medium-sized vendors. Leading
companies are acquiring other companies, and enhancing their product offerings
to improve their Nano-Enabled Packaging market share. Acquisitions enable key
players to increase their Nano-Enabled Packaging market potential in terms of
geographic expansion and expansion of customer base.
The leading companies profiled in the Nano-Enabled Packaging market report
include Amcor Limited, BASF
SE, Bemis Company, Inc., Sonoco Products Company, Danaflex Nano LLC, Honeywell
International Inc., Tetra Pak International S.A., DuPont Teijin Films, Chevron
Phillips Chemical Company LLC, and Klöckner Pentaplast.
Read More: https://www.polarismarketresearch.com/industry-analysis/nano-enabled-packaging-market
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