Nano-enabled Packaging Market: Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Introduction
The global nano-enabled packaging market is expected to experience significant growth through 2028, driven by increasing demand from the food and beverage sector. This market offers various sales channels, technologies, and applications to cater to different industries. With advancements in nanotechnology and growing investments, as well as the implementation of food safety regulations by governments worldwide, the market is projected to grow substantially in the forecast period.
Growing Demand from the Food and Beverage Sector
The food and beverage industry has witnessed a surge in demand for nano-enabled packaging due to recent advancements in product safety, shelf-life extension, economic effectiveness, environmental concerns, and customer convenience. Traditional packaging has limitations when it comes to increasing shelf life, and nanotechnology in food and beverage packaging improves antibacterial, mechanical, and barrier properties. It also enhances the color, flavor, taste, texture, consistency, bioavailability, and absorption of nutrients in food products. Furthermore, packaging with nanosensors can be used to track conditions throughout the food supply chain, improving food safety and preventing product fraud. The increasing demand from the food and beverage sector is expected to drive the growth of the global nano-enabled packaging market during the forecast period.
Growing Demand from the Pharmaceutical Sector
Nanotechnology-enabled packaging plays a crucial role in the pharmaceutical industry by extending the shelf life of medicines and providing chemical and physical stability. It protects drugs from light, moisture, air, and environmental toxins. For example, the Union Health Ministry of India made QR codes mandatory on the packaging of 300 life-saving drugs in September 2022. These factors contribute to the growing demand for nano-enabled packaging in the pharmaceutical sector.
Active Packaging as the Key Technology
Active packaging, utilizing nanoparticles, offers protection against external influences by using oxygen scavengers, carbon dioxide producers, water vapor removers, ethanol releasers, and ethylene removers. This technology caters to the future needs of the food and beverage and pharmaceutical industries. Additionally, intelligent and smart packaging detects microbiological or biochemical changes in food, ensuring food safety and preventing spoilage. Recent developments in packaging technology drive the demand for nano-enabled packaging, further boosting the global market.
Recent Developments
Several significant developments have occurred in the nano-enabled packaging market, contributing to its growth. In December 2022, Amcor opened the largest flexible packaging plant in China. In April 2022, Amcor also launched more sustainable packaging for pharmaceuticals. BASF SE expanded the manufacture of packaging coatings to South China in June 2020 to meet rising local demand. Danaflex Nano LLC introduced packaging material for antiseptics and other medical equipment in May 2020.
Market Segmentation
The global nano-enabled packaging market is segmented based on sales channel, technology, application, and region. The sales channel includes offline and online channels. The technology segment comprises active packaging, intelligent and smart packaging, and others. The application segment includes food and beverages, pharmaceuticals, personal care, and others. Geographically, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Company Profiles
Key players in the global nano-enabled packaging market include Danaflex Nano LLC, Amcor plc, Sonoco Products Co., BASF SE, Avery Dennison Corp., Tetra Pak International S.A., DuPont Teijin Films, Sealed Air Corporation, Sidel Group, and Innovia Films Ltd.
Conclusion
The global nano-enabled packaging market is poised for significant growth in the forecast period due to increasing demand from the food and beverage and pharmaceutical sectors. With advancements in nanotechnology, the market provides active packaging and intelligent and smart packaging solutions to cater to industry-specific requirements. The implementation of nanosensors in packaging enhances food safety and prevents product fraud. The market’s potential is evident through recent developments and the presence of key players.