Nano-Enabled Packaging Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Active Packaging, Intelligent And Smart Packaging, Controlled Release Packaging), By Application (Food And Beverage , Pharmaceuticals, Personal Care And Cosmetics, Others), And By Geography - Forecasts From 2023 To 2028

Nanotechnology is a revolutionary technology that is helping to establish a number of new and existing industry verticals. The use of nano-materials with diameters smaller than 100 nanometers for the creation of packaging solutions is known as nano-enabled packaging. Pharmaceuticals along with Food and Beverage industry verticals are key users of nano-enabled packaging solutions. Perishable goods and beverages have a longer shelf life thanks to nano-enabled packaging options. It is also capable of better protecting food product attributes such as flavour, texture, colour, and consistency.

The global nano-enabled packaging market is predicted to grow due to the rising demand for nano-enabled packaging solutions from the food and beverage and pharmaceutical industries. Food commerce is changing as the worldwide client base grows. However, as the world becomes more globalised, food packaging must have a longer shelf life. Nanotechnology is helping food and beverage companies with innovative packaging technologies to meet these demands. Food packaging materials with better mechanical, barrier, and anti-microbial properties, coupled with nano-sensors for monitoring and traceability of the condition of food during transport and storage, are all applications provided by nano-enabled packaging.

Continuous technological developments and product innovation enable the companies and their products in this field to reach a bigger client base, increasing the growth of nano-enabled packaging over the projection period.

However, the high price of nanomaterials used in the process of nano-enabled packaging, the lack of knowledge among the population and stringent rules and regulations imposed by the government are expected to be other factors obstructing the market growth.

High demand for nano-enabled packaging solutions from the food and beverage sector will spur growth

Food packaging has developed in recent years, mostly as a result of enhanced product safety, shelf-life extension, cost-efficiency, environmental considerations, and customer convenience. Because traditional packaging has some limits when it comes to extending shelf life, novel food packaging ideas such as active packaging are being introduced to enable the aforementioned extension and quality enhancement. As a result, incorporating nanotechnology into the food and beverage sectors enhances food taste, colour, flavour, texture, and consistency; boosts food nutrient bioavailability and absorption; and advances the mechanical, barrier, and antibacterial characteristics of food packaging. Customers might be warned about the safety of a product if it contains nanoparticles. It has the ability to release preservatives, hence increasing the shelf life of packaged food. As a result, one of the primary reasons driving market expansion is the use of nano-enabled technology in food and beverage packaging. The use of nano-enabled packaging solutions in the pharmaceutical industry is also fueling market growth during the forecast period. This style of packaging shields medications from light, moisture, and air.

However, the high cost of packaging materials is impeding the market growth. Stringent regulatory policies regarding the use of nanotechnology in the packaging industry are also hampering the market growth. For instance, In the United States, before using nanotechnology, the FDA recommends a safety study of the product and case-by-case approval. In Europe, for example, the regulation states that the use of nanoparticles, is prohibited unless they are specifically authorised in their nano form, and the European Food Safety Authority recommends that nanomaterial risk assessment be performed on a case-by-case basis, with only a few exceptions. The EFSA also proposes that if there are environmental, health, or safety concerns, the 50% threshold for nanoparticles be reduced to 10% for food and medicinal uses.

Asia Pacific is anticipated to hold a significant amount of the market share during the forecast period

Asia Pacific region is anticipated to hold a significant amount of market share in nano-enabled packaging. Improved economic conditions, high disposable income, demographic and socioeconomic changes, rapid urbanisation, and an emerging middle class in countries like India, China, Japan, and Indonesia all have a positive impact on the Nano-Enabled Packaging market. The growing demand for packaged food goods, combined with government regulations encouraging the use of nano-enabled packaging for increased food safety, will drive market expansion in this region. Digitalization, rising utilisation in the pharmaceutical sector, and the continued development of intelligent packaging solutions will contribute to market expansion. The rising need for shelf-stable packaging and growing food-led export activities, growth in packaging consumption, increasing demand for anti-counterfeit products, prevention of contamination of food and beverages and increasing availability of raw material will accelerate the adoption of Nano-enabled packaging solutions in the Asia Pacific region.

Market Key Developments

• In January 2021,  Avery Dennison announced today that, subject to some post-closing adjustments, it has paid $87.6 million for the acquisition of ACPO Ltd of Ohio. ACPO employs around 170 people and is a pioneer in the label and flexible packaging sectors for pressure-sensitive laminate products.
• In October 2022, Preco's new AcuBreathe Nanotechnology for flexible MAP packaging debuted at PACK EXPO International, with a range of 25-65 microns, ideal for vegetables, salad pouches, and some medical applications, where the nano perforation can relieve pressure inside the package during changes in altitude, preventing it from opening prematurely.
  

Segmentation:

• By Technology
  • Active Packaging
  • Intelligent and Smart Packaging
  • Controlled Release Packaging
• By Application
  • Food and Beverage
  • Pharmaceuticals
  • Personal Care and Cosmetics
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Others
  • South America
    • Brazil
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Others
  • Middle East and Africa
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others