Global Nano Packaging Materials Market for Food, 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), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Nano Packaging Materials Market for Food
Data Bridge Market Research analyses that the nano packaging materials market for food will project a CAGR of 8.50% for the forecast period of 2021-2028. Rising focus on the packaging product innovations and technological advancements by the manufacturers, growth and expansion of packaging industry especially in the developing economies like India and China, surging demand for innovative packaging solutions that are developed with advanced and innovative methods of manufacturing, growing consumption of meat and meat related products and increased personal disposable income are the factors driving the growth of nano packaging materials market for food market. Therefore, the nano packaging materials market for food market value, which was USD 3200 million in 2020, would stand tall by USD 6,145.93 million by 2028.
From the name itself, it is clear that the nano packaging materials, that is with a size of less than 100 nanometers, are used for food packaging materials. The nano packaging materials are used owing to their ability to keep the food products fresh for a longer period of time and improve the shelf life of perishable goods. Also, the packaging materials are widely being used for other applications owing to their safety and traceability.
Rising urbanization, modernization, and globalization is driving the growth in the market value. Growing demand by the food and beverage industry for packaging materials that minimize deterioration and product extension will further induce growth in the market value. Surging research and development proficiencies, rising food-led export and import activities, growing technological advancements in the nano technology, increased proliferation of e-commerce industry and growing need for the safety of consumers are some other market growth determinants.
However, supply chain disruptions owing to the covid-19 pandemic will create hindrances for the market growth rate. Fluctuations in the prices of raw materials, high packaging costs and rising equipment cost will further dampen the market growth rate. Availability of alternative packaging solutions will hamper the market growth rate.
This nano packaging materials market for food report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on nano packaging materials market for food contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Nano Packaging Materials Market for Food Scope and Market Size
Global nano packaging materials market for food is segmented on the basis of technology and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of technology, nano packaging materials market for food is segmented into active packaging, intelligent and smart packaging and controlled release packaging.
- Based on application, nano packaging materials market for food is segmented into bakery products, meat products, beverages, fruit and vegetables, prepared foods and others.
Nano Packaging Materials Market for Food Country Level Analysis
The global nano packaging materials market for food is analysed and market size insights and trends are provided by country, technology and application as referenced above.
The countries covered in the nano packaging materials market for food market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region will dominates the global nano packaging materials market for food during the forecast period owing to the increasing availability of raw materials and growing food processing activities. Asia-Pacific will continue to undergo substantial gains. Ever-rising population base and increased personal disposable income are some important market growth determinants.
The country section of the nano packaging materials market for food report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Nano Packaging Materials Market for Food Share Analysis
The nano packaging materials market for food 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 companies’ focus related to nano packaging materials market for food.
The major players covered in the nano packaging materials market for food report AVERY DENNISON CORPORATION., 3M, BASF SE, Amcor plc, Honeywell International Inc, Chevron Phillips Chemical Company, Sonoco Products Company, danaflex, Bemis Manufacturing Company, Tetra Pak International S.A., Sealed Air, PPG Industries, Inc., Sidel Group, Dupont., Dow, Dupont Teijin Films U.S. Limited Partnership., Klöckner Pentaplast, Crown, Minerals Technologies Inc., and Multisorb among other global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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