Nano-enabled Packaging Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Nano-enabled Packaging Market is Segmented By Technology (Active Packaging, Intelligent and Smart Packaging, Controlled Release Packaging, Others), By Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceutical, Consumer Electronics, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Nano-enabled Packaging Market Scope

The global nano-enabled packaging market report analyses the shares, size, recent trends, future market outlook, and competitive intelligence. Nano-enabled packaging usage in food & beverage packaging is on the rise. Demand for packaged food and pharmaceutical packaging in ‘The Asia Pacific’ is booming. The competitive rivalry intensifies with 3M, Avery Dennison Corporation, and others active in the market.

Nanotechnology is a newly emerging technique that involves the fabrication, characterization, and manipulation of structures, devices, or materials with at least one dimension having 1-100 nm in length. Nanomaterials and nanosystems are dealt with by HLs technology smaller than 100 nanometers usually. In food & beverage and pharmaceutical packaging, nano-enabled packaging is widely used and has shown good consumer acceptance. Nano-enabled packaging provides perishable food and beverages with a longer shelf life. It has been found that nano-enabled packaging enhances characteristics such as taste, texture, color and quality of the packaged food.

Furthermore, it increases absorption and the bioavailability of nutrients in foodstuffs. Nanoclay, silver and titanium nitride have the largest applications among the different nanoparticles used in this industry. Due to its cheap availability and usefulness in common thermoplastics such as polypropylene, PET, nylon and thermoplastic polyolefin, nano clay is the most used content. This packaging technique helps regulate the humidity, temperature, pH, and freshness of the material within the package and provides customer information and environmental protection to improve the product's shelf life. 

Nano-enabled Packaging Market - Strategic Insights

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Nano-enabled Packaging Market Dynamics

The global nano-enabled packaging market is driven by increasing demand for packaged food in developing countries due to the consumer's lifestyle. Continuous advancements in technology help the product target a larger customer base, thus accelerating nano-enabled packaging growth in recent times.

Increasing demand for packaged food in developing countries due to improving the lifestyle of the consumer

Nanotechnology is a newly emerging novel food packaging technique that can increase food shelf life, ensure food protection, minimize spoilage, fix packaging tears, reduce food shortage problems, and finally improve people's health. Food packages embedded with nanoparticles have the potential to alert the customer to the safety of the product. It can release preservatives to prolong the shelf life of packaged food. Currently, food packaging and tracking are a major focus of nanotechnology research relevant to the food industry. It is expected that nanotechnology has great potential in the food industry as it can be used in the near future to produce around 25% of all food packaging. Furthermore, in the food industry, nanotechnology applications are also used to detect bacteria in packaging or create better taste, colour consistency, and protection to improve the barrier's properties. A variety of nanomaterials such as titanium nitride nanoparticles, silver nanoparticles, nano-titanium dioxide, nano zinc oxide, and nanoclay are introduced as functional additives to food packaging.

Continuous advancements in technology help the product target a larger customer base, thus accelerating the growth of nano-enabled packaging in recent times.

Growing demand for high food quality and safety and environmental issues for sustainable growth has motivated food industry researchers to take advantage of robust and green biodegradable nanocomposites, creating new opportunities and challenges for nanomaterial development in the food industry. In addition, researchers in multi-disciplinary fields have drawn attention to nanotechnology's enormous potential to develop promising and attractive materials in food packaging systems. Overall, the applications of nanocomposite materials for food packaging identified in the last three years are divided into three key roles, i.e., improved, smart and active food packaging.

Firstly, improved packaging means that the utilization of nanoparticles in the bionanocomposite materials improves their mechanical and barrier properties, including elasticity, gas barrier characteristics(barrier against oxygen, carbon dioxide, and flavor compounds diffusion) and different stability temperature and moisture conditions.

Secondly, in terms of information input and marketing on the real-time quality of packaged food goods, smart (intelligent) packaging serves as a guard against fraud and fake products and indicates exposure to such adverse factors, such as inadequate temperatures or high levels of oxygen.

Thirdly, active packaging provides protection and preservation based on inherent and acquired factors enabled mechanisms (antimicrobial activity, biodegradable activity) and reduces food products' loss due to the prolongation of their shelf life. Therefore growing investment in the R&D of nanoparticle technology is further driving the market of nano-enabled packaging in recent times.

Customer wariness, environmental and regulatory issues, and high costs of growth and production are the potential restraints hurdling the growth of nano-enabled packaging

Due to the range of nanomaterials' advanced properties, they are being incorporated by the packaging industry at an increased rate. The advantages of nanomaterials include their ability to enhance barrier properties, decrease overall packaging, generate active and interactive packaging materials, have antimicrobial properties, repair packages when damaged and release substances that can improve the life of the food in the package. However, despite this impressive potential for packaging nanotechnology applications, they have not yet become mainstream. This is customer wariness, environmental and regulatory issues, and high costs of growth and production. Consumer protection is the biggest issue concerning the use of nanomaterials. Various studies have shown the probability of the migration of nanomaterials from packaging into food items; it is estimated that the rate of migration is potentially associated with the percentage of nanomaterials present in the packaging material. Regulation policies vary across countries and are still under growth, adding uncertainty to what the future holds. In the United States, before its use, the FDA recommends a safety review of the product involving nanotechnology and approval on a case-by-case basis.

For instance, In Europe, the regulation states that the use of nanoparticles is prohibited in general unless they are specifically authorized in their nano form, and the European Food Safety Authority (EFSA) recommends that nanomaterial risk assessment has to be performed on a case-by-case basis, with just a few exemptions. The EFSA also recommends that, where environmental or health or safety issues exist, the 50%threshold for nanoparticles should be reduced to just 10% for food and medical applications.

COVID-19 Impact Analysis on Nano-enabled Packaging Market Growth

The COVID-19 pandemic is more likely to have a slightly positive impact on the growth of the market. There has been a major increase seen in the demand from every sector. It would become important to use such packaging materials as awareness among individuals would increase. People would become more aware of the spread of microorganisms, and safety measures or equipment would be increasingly adopted. It is expected to create a demand-supply gap in the industry, and the major companies in the market need to respond to the situation quickly. They need to scale up their production levels and show their social responsibilities. However shutdown of restaurants, food centers and online delivery systems severely impacted the growth of the nano-packaging industry and shut down of research institutes is expected to hamper the growth of the product in the forecast period.

Nano-enabled Packaging Market Segment Analysis

The global nano-enabled packaging market can be segmented based on technology, application and region.

Active packaging integrates the active component into the food packaging material using nanotechnology and the carrier component, thus stimulating activities that improve the shelf life, food quality and protection of the food product, accelerating the growth of the segment as compared to other segments

In terms of application, the global nano-enabled packaging market is segmented into active packaging, intelligent & smart packaging and controlled release packaging. Out of the three types, active packaging dominates the nano-enabled packaging market in recent times and is expected to maintain its dominance in the forecast period. Active packaging integrates the active component into the food packaging material using nanotechnology, and the carrier component may communicate with internal and external influences, thus stimulating activities that improve the shelf life, food quality and protection of the food product. Furthermore, to provide a barrier to outside stimuli, active nano-enabled packaging uses nanoparticles. Oxygen scavengers, water vapour removers, manufacturers of carbon dioxide, ethylene removers, and ethanol releasers are technologies. This technology is expected to meet substantial demand from the food and pharmaceutical industries. Active packaging provides protection and preservation based on inherent and/or acquired factors enabled mechanisms (antimicrobial activity, biodegradable activity) and achieves a reduction in food products' loss due to the prolongation of their shelf life. Thus the above–mentioned properties of active packaging are triggering the demand of the product compared to other segments.

Nano-enabled Packaging Market Geographical Share

The increasing availability of raw materials and the growing food manufacturing, pharmaceutical, and personal care sectors are driving the growth of the Asia-Pacific region

Asia-Pacific region is expected to dominate the nano-enabled packaging market in the forecast period as compared to other regions. The increasing availability of raw materials and the growing food manufacturing, pharmaceutical, and personal care sectors are driving growth in this area. China, Japan, and India, followed by other Southeast Asian countries, are projected to experience strong growth.

On the other side, North America is expected to grow in the forecast period. It is estimated that the intelligent packaging market will gain greater traction across North America and Europe due to several stringent regulations associated with active packaging. North America has been an early adopter and a major smart packaging market.

Nano-enabled Packaging Companies and Competitive Landscape

The nano-enabled packaging market is highly competitive with the presence of local as well as global companies. Some of the key players contributing to the market's growth include 3M, Avery Dennison Corporation, Honeywell International Inc, BASF SE, Amcor plc, Chevron, Phillips Chemical Company, Sonoco Products Company, Tetra Pak International S.A, Dupont Teijin Films U.S. Limited, Sealed Air and among others.

The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the nano-enabled packaging market's growth globally. The key players prefer acquisition and partnership as the growth strategy to build revenue for their business.

• For instance, in January 2021, Avery Dennison reported today that, subject to some post-closing changes, it has purchased ACPO Ltd based in Ohio for the purchase price of $87.6 million. ACPO has approximately 170 employees and is a pioneer in pressure-sensitive laminate products for the label and flexible packaging markets.

Sonoco

Overview: The company was established in 1899; Sonoco is a global supplier of a range of supply chain services for consumer packaging, industrial products, protective packaging, and displays and packaging. The business has 20,000 workers employed in more than 300 operations in 33 countries with annualized net revenues of approximately $4.8 billion, representing some of the world's best-recognized brands in some 85 nations.

Key Development:

• In 2017, Sonoco, one of the largest diversified global packaging firms, announced its newly developed commodity packaging capabilities at PMA 2017 in New Orleans. Due to Peninsula Packaging and Clear Lam's latest acquisitions, Sonoco now provides the industry's widest range of packaging solutions tailored to the fast-growing product sector's needs.

Why Purchase the Report?

• Visualize the nano-enabled packaging market segmentation by technology, application and highlight key commercial assets and players.
• Identify commercial opportunities in the nano-enabled packaging market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of nano-enabled packaging market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global nano-enabled packaging market report would provide access to approx.: 53 market data tables, 45 figures and 180 pages.

Target Audience 2024

• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers
• Distributors
• Supply chain companies