This report titled “Food and Beverages Nano-enabled Packaging Market - Growth, Future Prospects, and Competitive Analysis, 2021 – 2029” offers strategic insights into the trends in food and beverages Nano-enabled packaging market along with the market size and forecast for the duration 2019 to 2029. The said research study incorporates in-depth analysis of multiple market segments based on type, application and geographical distribution.
Nano technology is having an impact on the overall food and beverages industry. Extensive research and development has led towards development of nanotech food packaging solutions. With the help of nanotechnology, companies are keen on developing solutions, which offer delayed oxidation, convenience, controlled microbial growth, ensuring minimal change in the transparency, density and processing characteristics of the particular product. There has been an increased inclination of packaging manufacturers to offer efficient packaging solutions to the food and beverage manufacturers in order to achieve extended shelf-life, reduced costs, texture, flavor and balanced nutritional aspects in the final product. This is intended to mitigate the growing demand for convenient and healthy food and beverage products among consumers.
Based on type, the global food and beverages Nano-enabled packaging market is categorized into active packaging, intelligent packaging and controlled packaging. On the basis applications, the global food and beverages Nano-enabled Packaging market segmentation includes fruits and vegetables, beverages, prepared foods, meat products, bakery products and others. Market size and forecast for all the considered segmentation is presented in this report for the period 2019-2029 (US$ Mn) along with their respective CAGRs for the forecast period 2021-2029 (Value %).
Based on type, the global food and beverages Nano-enabled packaging market is segmented as follows:
Varied Nano-enabled packaging types used in food and beverages industry include active packaging, intelligent packaging and controlled packaging. Of these, active packaging segment dominated the market in terms of revenue contribution, accounting for around 60% of the total food and beverages Nano-enabled packaging market in 2020. Increasing demand for fresh vegetables and fruits among consumers has resulted in adoption of active packaging as a packaging type among food and beverage manufacturers. However, intelligent packaging segment is anticipated to record highest CAGR throughout the forecast period. Controlled packaging segment is predicted to record steady growth in the foreseen future. Since, this packaging offers only single benefit i.e. freshness to the product, its adoption among manufacturers is gradually decreasing, which is restraining the market growth. However, the other types; intelligent and active packaging offer collective benefits such as improved food quality, better color, taste and texture of the packaged food. Apart from these benefits, active and intelligent packaging offer protection from contamination and proper storage of the particular product, ensuring nutrition and quality maintenance. This has resulted in utilization of these types among food and beverage manufacturers, thus propelling the food and beverages Nano-enabled packaging market growth in recent years.
On the basis of application, the food and beverages Nano-enabled packaging market is categorized into following:
Among aforementioned applications, beverages segment holds largest market share in 2020 and is expected to maintain its dominance throughout the forecast period. Owing to demand for better and enhanced color, flavor taste and consistency of the product in terms of availability of nutritional content, absorption, health and other supplements presence in beverages, the market is expected to record significant contribution from beverages segment. Also, demand for packaging offering barrier , mechanical and antimicrobial properties is increasing, which is expected to increase adoption of nanotechnology among food and beverage manufacturers, thus driving the food and beverages Nano-enabled packaging market growth.
Fruits and vegetables segment is anticipated to record highest CAGR during the forecast period. Since, there is an increasing demand for fresh fruits and vegetables among people of all age groups and these products are prone to environmental influences, demand for nanotechnology is anticipated to grow significantly in the segment. Furthermore, packaged food products and meat products segment are expected witness significant growth during the forecast period. This is attributed to growing consumption of these products coupled with increasing shelf-life gaining importance among food and beverage manufacturers especially in Asia Pacific region, where food and beverages industry is a major contributor to overall economy.
Packaging industry is highly influenced by regional trends and thus, the market varies accordingly. In 2020, Asia Pacific and North America were the largest regional markets for food and beverages Nano-enabled packaging. Strong research and development by companies supports growth of Nano-enabled packaging for food and beverages in the North America. In addition, act related to food safety and modernization by Food and Drug Administration (FDA’s) in the U.S. bolsters the food and beverages Nano-enabled packaging market growth in the country. Moreover, shifting food preferences among Americans towards fresh food products is expected to fuel the demand for intelligent packaging in the country. In Asia Pacific, India and China are potential markets for food and beverages Nano-enabled packaging market. Increased consumption of beverages and meat products especially in China and India, fuel the food and beverages Nano-enabled packaging market growth in the region. Also, companies are keen on investing in research and development for development of advanced packaging technologies. Latin America is anticipated to serve as potential market for food and beverages Nano-enabled packaging market. Of which, Brazil and Argentina serve as key markets, owing to increasing health consciousness consumers coupled with demand for efficient packaging solutions along manufacturers in the countries.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Food And Beverages Nano-Enabled Packaging market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Type
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
