Global Nano-Enabled Packaging Market, By Technology (Active Packaging, Intelligent and Smart Packaging and Controlled Release Packaging), Application (Bakery products, Meat products, Beverages, Fruit and vegetables, Prepared Foods and Others), Industry Vertical (Food and Beverages, Pharmaceuticals, Cosmetics, Consumer Electronics, Personal Care and Others) - Industry Trends and Forecast to 2030.
Nano-Enabled Packaging Market Analysis and Size
The essential factors contributing to the growth of the global nano-enabled packaging market in the forecast period of 2023 to 2030 include the surging demand for convenient packaging solutions. Also, the rising urbanization, modernization, and globalization is significantly contributing to the market’s growth. Modernization influences consumer preferences for innovative packaging technologies, such as nanomaterials, offering convenience and sustainability.
Data Bridge Market Research analyses that the global nano-enabled packaging market which was USD 43,037.78 million in 2022, is expected to reach USD 92,389.58 million by 2030, growing at a CAGR of 10.02% during the forecast period of 2023 to 2030. In 2023, the food and beverages segment will dominate the market due to surging awareness among consumers regarding food safety. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Nano-Enabled Packaging Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Technology (Active Packaging, Intelligent and Smart Packaging and Controlled Release Packaging), Application (Bakery products, Meat products, Beverages, Fruit and vegetables, Prepared Foods and Others), Industry Vertical (Food and Beverages, Pharmaceuticals, Cosmetics, Consumer Electronics, Personal Care and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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AVERY DENNISON CORPORATION. (U.S.), 3M (U.S.), BASF SE (Germany), Amcor plc (Switzerland), Honeywell International Inc (U.S.), Chevron Phillips Chemical Company (U.S.), Sonoco Products Company (U.S.), danaflex (Russia), Bemis Manufacturing Company (U.S.), Tetra Pak International S.A. (Switzerland), Sealed Air (U.S.), PPG Industries, Inc. (U.S.), Sidel Group (France), Dupont (U.S.)., Dow (U.S.), Dupont Teijin Films U.S. Limited Partnership (U.S.), Klöckner Pentaplast (Germany), Crown (U.S.), Minerals Technologies Inc. (U.S.), and Multisorb (U.S.), among others
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Market Opportunities
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Market Definition
Nano-enabled packaging materials are those materials that are used to promote longer shelf life of the food products. The nano-enabled packaging materials enhance the qualities such as color and quality. Nano-enabled packaging materials offer greater degree of traceability and safety. Nano-enabled packaging materials keep the food products fresh for a longer period of time and are effective to store perishable food items.
Global Nano-Enabled Packaging Market Dynamics
Drivers
- Surging Demand for Convenient Packing Solutions
The surging demand for convenient packaging solutions is a key driver for the nano-enabled packaging market. Nano-enabled packaging offers numerous benefits such as extended shelf life, enhanced barrier properties, and real-time freshness indicators. These features align with the growing consumer preference for convenient and sustainable packaging. As the need for longer-lasting, safer, and more user-friendly packaging intensifies, the adoption of nano-enabled solutions is expected to rise, driving growth in this market.
- Rising Urbanization, Modernization, and Globalization
Rising urbanization, modernization, and globalization drive the nano-enabled packaging market. Urbanization increases the demand for packaged goods, requiring advanced packaging solutions to ensure product safety and quality. Modernization influences consumer preferences for innovative packaging technologies, such as nanomaterials, offering convenience and sustainability. Globalization fosters the exchange of products, necessitating efficient and secure packaging for international transport. These interconnected trends fuel the adoption of nano-enabled packaging, making it a pivotal part of the global packaging landscape.
Opportunity
- Surging Awareness Regarding Food Safety among Consumers
The surging awareness among consumers regarding food safety presents a significant opportunity for the nano-enabled packaging market. Nano-enabled packaging offers advanced features such as freshness indicators and antimicrobial properties, assuring consumers of product safety. As consumers become increasingly vigilant about the quality and safety of their food, the adoption of nanotechnology in packaging can address these concerns and enhance consumer trust, driving growth in the market for innovative and secure food packaging solutions.
Restraint/Challenge
- Fluctuations in the Prices of Raw Materials and High Production Costs
The fluctuations in raw material prices and high production costs pose significant challenges for the nano-enabled packaging market. The use of advanced nanomaterials often requires costly research, development, and production processes. Moreover, price fluctuations in raw materials such as nanoparticles can impact the overall manufacturing expenses. These challenges may limit cost-effectiveness and market accessibility, hindering the widespread adoption of nano-enabled packaging solutions, despite their benefits for food safety and preservation.
Recent Development
- In December 2022, Amcor opened the largest flexible packaging plant in China. It is more sustainable packaging solution for pharmaceuticals.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Nano-Enabled Packaging Market Scope
The global nano-enabled packaging market is segmented on the basis of technology, application and industry vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Active Packaging
- Intelligent and Smart Packaging
- Controlled Release Packaging
Application
- Bakery Products
- Meat Products
- Beverages
- Fruit and Vegetables
- Prepared Foods
- Others
Industry Vertical
- Food and Beverages
- Pharmaceuticals
- Cosmetics
- Consumer Electronics
- Personal Care
- Others
Global Nano-Enabled Packaging Market Regional Analysis/Insights
Global nano-enabled packaging market is analysed and market size insights and trends are provided by technology, application and industry vertical as referenced above.
The countries covered in the global nano-enabled packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Asia-Pacific is expected to dominate the nano-enabled packaging market due to rising urbanization, modernization, and globalization. It is dominating the market as urbanization increases the demand for packaged goods, requiring advanced packaging solutions to ensure product safety and quality.
Europe is expected to grow during the forecast period of 2023 to 2030 due to surging demand for convenient packaging solutions. In addition, nano-enabled packaging offers numerous benefits such as extended shelf life, enhanced barrier properties, and real-time freshness indicators.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Nano-Enabled Packaging Market Share Analysis
The nano-enabled packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global nano-enabled packaging market.
Some of the major players operating in the global nano-enabled packaging market are:
- AVERY DENNISON CORPORATION. (U.S.)
- 3M (U.S.)
- BASF SE (Germany)
- Amcor plc (Switzerland)
- Honeywell International Inc (U.S.)
- Chevron Phillips Chemical Company (U.S.)
- Sonoco Products Company (U.S.)
- danaflex (Russia)
- Bemis Manufacturing Company (U.S.)
- Tetra Pak International S.A. (Switzerland)
- Sealed Air (U.S.)
- PPG Industries, Inc. (U.S.)
- Sidel Group (France)
- Dupont (U.S.).
- Dow (U.S.)
- Dupont Teijin Films U.S. Limited Partnership (U.S.)
- Klöckner Pentaplast (Germany)
- Crown (U.S.)
- Minerals Technologies Inc. (U.S.)
- Multisorb (U.S.)
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