A report conducted by Polaris Market Research estimates that the global nano-enabled packaging market will reach US$89 billion ($121 billion) by 2026, and that Asia-Pacific is expected to lead the global nano-enabled packaging market until 2021.
The growing population, rising disposable incomes, and a transition from traditional markets to the purchasing of packaged consumer goods, especially in the food and beverage segment, were found to have accelerated market growth in the Asia-Pacific region.
The food and beverage, and food delivery, industry is seen to be on a significant rise in the region, with the increasing demand for fresh fruits and vegetables, and meat products generating numerous opportunities for the nano-enabled packaging industry.
The Nano-Enabled Packaging Market Share, Size, Trends & Industry Analysis Report, By Type (Active, Intelligent, Others; By End-Users (Food and Beverages, Pharmaceutical, Personal Care, Others); By Regions: Segment Forecast, 2018-2026 report provides an extensive analysis of present market dynamics and predicted future trends.
The report predicts that the increasing demand for packaged food products, growth in e-commerce, and an increasing proportion of technologically inclined consumers support the global market growth. An increasing demand for fresh fruit and vegetables, and stringent government regulations to promote the use of nano-enabled packaging for improved food safety could also boost the global market growth.
The report revealed that growing use in the pharmaceutical industry, development of intelligent packaging, and rise in food-led export activities would accelerate the adoption of nano-enabled packaging solutions during the forecast period. Various brands operating in the packaging market are adopting nano-enabled and smart packaging to enhance shelf appeal and brand exposure. New marketing techniques incorporating smartphone apps and codes are being used to attract consumers, thereby increasing the industry size.
The report went on to predict that the use of nano-enabled packaging is expected to increase significantly during the forecast period. Use of nanotechnology in food packaging increases the shelf life of food products, minimises spoilage, ensures food safety, and repairs the tears in packaging.
“Nano-enabled packaging solutions are also capable of alerting consumers about the safety of the product, and sometimes release preservatives to extend shelf life of food in packaging,” the report stated.
Currently, a wide range of nanosensors is used in the food packaging industries, which include electronic noses, array biocensors, nanocantilevers, nanoparticle in solution, and nano-test strips among others. Brands have implemented packaging with nano-sensors as they are useful to trace the external or internal conditions of food products, pellets and containers throughout the food supply chain.
Renowned companies profiled in the report include Amcor, BASF, Bemis Company, Sonoco Products, Danaflex Nano, Honeywell International, Tetra Pak International, DuPont Teijin Films, Chevron Phillips Chemical Company, and Klockner Pentaplast.
These companies launch new products and collaborate with other leaders in the industry to innovate and launch new products to meet the increasing needs and requirements of consumers.
Further details relating to the report can be found at Polaris' website.