Nano-enabled Packaging Market
Nano-enabled Packaging Market size is expected to reach nearly US$ 92.8 Bn. by 2026 with the CAGR of 13.2% during the forecast period.
Nano-enabled Packaging Market Overview:
The market for nano-enabled packaging is expanding as a result of the rising demand from the food and beverage sector for packaging materials that limit product degradation and extension as well as the digitalization of food records. Packaging that is enabled by nanotechnology has several advantages over traditional packaging methods, which is why more companies are adopting it. A significant use of the technology is in packaging for pharmaceutical products. In the drug delivery process for contemporary treatments, drug packaging is also extremely important. Additionally, higher spending on product research and development as well as strict packaging regulations in the food packaging sector are anticipated to fuel demand for nano-enabled packaging during the forecast period of 2020–2026.
Because they provide gratifying results and have a longer period of stability, metal injection moulding and powder injection moulding have seen a surge in demand. Initially, the cost of raw materials was lower for older procedures than for the recently invented powder injection technologies.The market research study Nano-enabled Packaging Market investigates and assesses the market’s position during the forecast period. It is comprehensive research that focuses on primary and secondary drivers, market share, leading segments, and regional analysis. The study also examines prominent persons, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.
Market Scope:
We looked at the Nano-enabled Packaging Market from every perspective possible, using both primary and secondary research methodologies. This increased our understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and customer habits, among other things. The data is then compiled and assessed using a range of market estimation and data validation methodologies. Furthermore, we have an in-house data forecasting system that forecasts market growth until 2027.
Following the completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to obtain information and verify and validate key numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
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Segmentation:
By Technology, the nano-enabled packaging market is segmented into active packaging, intelligent & smart packaging, and controlled release packaging. The active packaging segment held the largest market share in 2019 and was valued at USD million in 2019. Several oxygen scavengers, water vapor removers, carbon dioxide producers, ethylene removers, and ethanol releasers are expected to witness major demand from the food and pharmaceutical industries.Intelligent & smart packaging is expected to register the largest CAGR of over 13.9% in terms of value during the forecast period. This application is designed for detecting microbial or biochemical changes in the food, for instance sensing specific gases which resulted in food spoilage. This technology is used as a tracking device to confirm food safety or to avoid product counterfeiting.
Key Players:
• 3M
• BASF SE
• AVERY DENNISON CORPORATION
• Danaflex nano
• Amcor plc.
• Honeywell International Inc
• Chevron Phillips Chemical Company
• Sonoco Products Company
• Bemis Company, Inc.
• Tetra Pak International S.A.
• Sealed Air
• PPG Industries, Inc.
• Sidel
• Dupont Teijin Films U.S. Limited Partnership
• Klöckner Pentaplast
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Regional Analysis:
The research includes both qualitative and quantitative data and provides an in-depth look into the Nano-enabled Packaging industrial sector by region. It provides an overview and prediction of the Nano-enabled Packaging market segment by segment. It also projects and estimates the market size for five key regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. The Nano-enabled Packaging market in each area is further segmented into regions and sectors. The research studies and anticipates a wide range of nations, as well as current trends and opportunities in the sector.
COVID-19 Impact Analysis on Nano-enabled Packaging Market:
We investigated and analyzed the Nano-enabled Packaging Business Expansion Strategy post-COVID-19, by organizational strategic analysis, landscape, category, utilization, and leading countries, which encapsulates and analyses the Nano-enabled Packaging industry’s potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The primary goal of the study is to provide industrial enterprises with a strategic analysis of COVID-19’s impact. Simultaneously, this research examined key nations’ marketplaces and emphasized their market potential in post-pandemic situations.
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Key Questions Answered in the Nano-enabled Packaging Market Report are:
What are the most promising high-growth opportunities in the Nano-enabled Packaging sector, as defined by product category, End User, and Region? Which Nano-enabled Packaging market segments will expand the fastest, and why? Which regions will have the fastest growth, and why? What are the primary elements influencing Nano-enabled Packaging market dynamics? What are the primary drivers and obstacles in the Nano-enabled Packaging market? What are the Nano-enabled Packaging market’s weaknesses and threats?
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