Press release
Nano-enabled Packaging to Witness Burgeoning Use in Food and Beverages Sector | Major Companies Profiled in Report are Amcor Ltd, Honeywell, BASF SE, Chevron Phillips and Sonoco Products
The packaging sector has registered rapid strides in recent decades, heralded by the advent of advanced technologies and retailing options for the various end-use industries. The food and beverages packaging industry is witnessing some paradigmatic changes driven by the adoption of nanotechnologies used for packaging materials.The burgeoning worldwide demand for packaged food products is fortifying the uptake of nano-enabled packaging. The demand for nano-enabled packaging is picking up pace in the packaging of various pharmaceutical products, notably drug.
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Some of the major companies involved in the nano-enabled packaging market are Amcor Limited, Honeywell International, Inc., BASF SE, Chevron Phillips Chemical Company LLC and Sonoco Products Company among many others.
The rising popularity of intelligent nano-enabled packaging, typically using sensors, significantly improves the traceability of food and pharmaceutical products. According to a report by Transparency Market Research, the market is projected to rise at a healthy clip, majorly driven by several promising prospects in the food and beverage industry.
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Which end-use industry is anticipated to witness widespread uptake of nano-enabled packaging?
In recent years, nano-enabled packaging has gathered steam for packing food and beverages (F&B) and in the pharmaceutical industry. The wide acceptance of nano-enabled packaging in the F&B industry technology is stimulated by the drive for providing enhanced shelf-life to perishables. Apart from this, the popularity of nano-enabled packaging can be attributed to several attractive functional properties these have, such as remarkably preserving the nutrient content; enhancing the taste, texture, and color; and retaining the consistency of the food items.
The substantially rising demand for packaged meat in various parts of the world is providing a striking impetus to the growth of the overall nano-enabled packaging market. The demand for nano-enabled packaging for packing food and beverages is also expected to get a boost from several food regulations from prominent governmental and regulatory agencies. For instance, recently the U.S. FDA has upped its efforts in promoting the use of intelligent packaging in the F&B sector has provided a robust thrust to its demand in the U.S.
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Which regions are expected to show attractive demand for nano-enabled packaging?
Several key economies of Asia Pacific is expected to witness attractive demand for nano-enabled packaging. High growth prospects exist in countries such as India, China, and Japan. The robust growth of the packaged food and beverages industry in various parts of the region, especially in emerging nations, is also accentuating the growth. Meanwhile, North America is a prominent market for nano-enabled packaging, driven by the rapidly rising applications in various end-use industries.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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