Press release
Global Nanotechnology For Food Packaging Market To Record A CAGR Of 11.85% By 2030
The Global Market For Nanotechnology For Food Packaging Estimated At USD 13170 Million In 2023 Is Projected To Reach A Revised Size Of USD 23055.03 Million By 2030, Growing At A CAGR Of 11.85% Over The Period 2023-2030.
Nanotechnology involves manipulating materials at the nanoscale level, resulting in unique physical and chemical properties absent in conventional materials. In the food packaging industry, nanotechnology has enabled the development of packaging materials with enhanced barrier properties, extending the shelf life of food products. Incorporating nanoparticles into packaging materials provides antimicrobial and antioxidant attributes, curbing harmful bacteria growth and food product degradation. As the demand for sustainable packaging rises, nanotechnology plays an increasingly crucial role by reducing material usage, enhancing recyclability, and minimizing food waste through prolonged product preservation.
Top Key Players Involved Are:
Amcor (Australia), Tetra Pak (Switzerland), Bemis Company Inc (USA), Sealed Air Corporation (USA), BASF SE (Germany), Dow Chemical Company (USA), DuPont de Nemours Inc (USA), Mitsubishi Gas Chemical Company Inc (Japan), Honeywell International Inc (USA), 3M Company (USA), Crown Holdings Inc (USA), Ball Corporation (USA), Mondi Group (South Africa), Smurfit Kappa Group (Ireland), Uflex Limited (India), Taghleef Industries Group (UAE), Klöckner Pentaplast (Germany), Innovia Films (UK), Toray Industries Inc (Japan)Nanocor Inc(USA) and Major Key Players.
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Market Dynamics:
Driver:
Nanotechnology empowers the creation of food packaging with enhanced barrier properties, effectively prolonging the shelf life of products by preventing spoilage and degradation. Additionally, integrating nanoparticles into packaging materials grants antimicrobial attributes, heightening food safety and mitigating the risk of foodborne illnesses. Sustainable and eco-friendly packaging solutions are made possible through nanotechnology, aligning with global efforts to reduce food waste. Moreover, by preserving freshness, taste, and nutritional value, nanotechnology elevates the overall quality of food products. Driven by growing consumer awareness and demand for safer, longer-lasting, and environmentally conscious packaging, nanotechnology finds increasing adoption in the food industry.
Opportunities:
Nanotechnology offers custom-tailored packaging solutions, enabling manufacturers to differentiate their products to meet specific food requirements, enhancing market competitiveness. The rising global demand for advanced food packaging solutions fosters opportunities for cross-border trade in nanotechnology-based materials, opening new markets for manufacturers and suppliers. Standardized regulations and guidelines for nanotechnology in food packaging pave the way for industry growth and consumer acceptance. Collaborations between nanotechnology researchers, food manufacturers, and packaging companies drive the development of innovative solutions and accelerate market adoption. Developing economies' increasing urbanization and disposable income fuel the demand for packaged and processed foods.
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Market Segmentation
By Product
• Active Packaging
• Improved Packaging
• Smart Packaging
By Application
• Fruits And Vegetables
• Beverages, Prepared Foods
• Meat Products
• Bakery
• Others
Regional Analysis of The Global Nanotechnology for Food Packaging Market
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.
The Asia Pacific (APAC) region is currently the dominating region for the Nanotechnology for Food Packaging Market, and there are several reasons for this. Firstly, the APAC region has a large and rapidly growing population, with over half of the world's population residing in the region.
By region:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments in the Global Nanotechnology for Food Packaging Market
In March 2023, Amcor begins a joint research project with Nfinite Nanotechnology. Multinational packaging company Amcor has entered a joint research project agreement with functional nanocoating technology provider Nfinite Nanotechnology. Nfinite's coating technology will be utilized to enhance Amcor's current recyclable and compostable packaging material. The main goal is to introduce an oxygen barrier that enhances the performance of the packaging, thereby improving its functionality for recyclable and compostable applications.
Table of content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
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Chapter 5: Nanotechnology for Food Packaging Market by Product
5.1 Nanotechnology for Food Packaging Market Overview Snapshot and Growth Engine
5.2 Nanotechnology for Food Packaging Market Overview
5.3 Active Packaging
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2030F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Active Packaging: Geographic Segmentation
5.4 Improved Packaging
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2030F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Improved Packaging: Geographic Segmentation
5.5 Smart Packaging
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2030F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Smart Packaging: Geographic Segmentation
Chapter 6: Nanotechnology for Food Packaging Market by Application
To be continued….
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