The global nano-enabled packaging market size is expected to reach USD 73.69 billion by 2030, registering a CAGR of 12.4% during the forecast period, according to a new report by Grand View Research, Inc. Increasing investments in developing effective and efficient packaging technologies is excepted to spur market growth. Growing awareness of the benefits, that nano-enabled packaging offer to the food & beverage and pharmaceutical industry is expected to have a positive impact on the market growth.
Nano-enabled Packaging Market Report Highlights
- Active packaging segment is anticipated to exhibit CAGR of 10.4% for the forecast period. Rising demand for fresh vegetables and fruits in the U.S is anticipated to boost the market demand for active packaging.
- By type, Intelligent & smart packaging was the leading the segment and accounted for 85.6% of total market revenue in 2023.
- The food & beverages was the most dominant application segment and accounted for 34.7% of total market revenue in 2023. Pharmaceutical nano-enabled packaging market is projected to grow at the highest CAGR on account of its functional qualities, and its application in almost all medical & healthcare industries.
- Asia Pacific led the global nano-enabled packaging industry and is projected to witness the fastest CAGR of 13.5% during the forecast period. The growing usage of intelligent packaging in pharmaceutical and personal care industry of Japan and China is projected to boost the market demand in this region.
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Favorable regulations implemented by the FDA concerning manufacturing of packaging materials that can retain the freshness and enhance the shelf life of the product is expected to escalate future market growth. Increasing demand for pharmaceuticals, personal care, cosmetics, beverages, meat products, vegetables, and ready-to-go meals is projected to boost nano-enabled packaging demand over the forecast period.
List of major companies in the Nano-enabled Packaging Market
- Amcor
- Sealed Air
- Klöckner Pentaplast
- Tetra Pak International S.A.
- CCL Industries Inc.
- Sonoco Products Company
- BASF SE
- Avery Dennison
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We have segmented the global nano-enabled packaging market based on technology, application, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Sustainability has become an important affair for a growing number of consumers, who are concerned with environmental pollution, the depletion of natural resources and climate change.
packaging is particularly responsible for environmental pollution, also impacting natural resources and climate change; thus sustainable packaging is increasingly resonating with consumers?
However, adopting new packaging solutions to address the issue of sustainability comes with a new set of challenges.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/sustainable-packaging-a-full-shiftpaper-bioplastics-is-nether-viable-nor-sustainable-179 Key Highlights - Paper-based packaging materials have posed as the most environmentally viable solution, supported by consumers?
attitudes are biased.With brands and retailers aligning with false consumer attitudes, they miss two important points; paper packaging cannot be a fit-for-all packaging solution, having significant functional drawbacks, while its supply cannot grow indefinitely to support sustainable packaging, especially when recycling rates are falling its production cost increases, driven by the strong expansion of online retail.- Misconceptions around the environment sustainability of bioplastics also exist, creating a false image of superiority against conventional plastic.
Secondly, the first short to mid-term step towards achieving packaging sustainability is the investment in redesigning and recovery systems for existing packaging materials to increase the potential of circular economy.
packaging is significantly responsible for environmental pollution, also impacting natural resources and climate change, thus sustainable packaging is increasingly resonating with consumers?
