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Micro Packaging Market | Know the Companies List Could Potentially Benefit or Loose out From the Impact of COVID-19
Micro Packaging Market
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The major drivers are the advantages of food, beverages, and pharmaceuticals lasting longer, coupled with remaining free from any contamination. The major challenges are leaching of nano-particles into the food stream. Investment in R&D is required to examine effects of nano-particles on human health. Also, expensive manufacturing technology and lack of technical know-how has hindered the market growth.
Micro Packaging Market Taxonomy
On basis of Packaging function, the Micro packaging market is segmented into:
Primary Functions
Protective
Storage
Loading and Transport
Secondary Functions, the Micro packaging market is segmented into:
Sales
Promotion
Service
Guarantee
Tertiary Functions
The pharmaceutical industry is expected to be the largest driver of the micro packaging market in both packaging and drug delivery applications. Increased shelf life of medicines has fueled the use of micro packaging.
Major players in the micro packaging market are Alcoa Inc, Amcor, Bemis, Beijing ChamGo Nano-tech Co. Ltd, Color Matrix Corporation, Honeywell, InMat.
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