Incorporation of Freshness Indicators and Anti-Counterfeiting Measures Has Made Nano-Enabled Packaging More Attractive: Fact.MR Report
Incorporation of Freshness Indicators and Anti-Counterfeiting Measures Has Made Nano-Enabled Packaging More Attractive: Fact.MR Report
Fact.MR, in its new report, states that the global nano-enabled packaging market is projected to reach a size of US$ 25.6 billion in 2024, with the market forecasted to expand at a CAGR of 12.9% between 2024 and 2034.
Global demand for nano-enabled packaging is rising at a fast pace due to key variables that demonstrate its potential to revolutionize several sectors. Nanoscale materials are included in this cutting-edge technology, which is completely changing how items are displayed to customers and also kept safe. Leading the way in this movement is the food sector, which uses nano-packaging to improve food safety and shelf life. The technology's enhanced barrier qualities in the pharmaceutical industry are proven to be vital for safeguarding delicate drugs. Manufacturers of electronics are using nano-packaging to protect their components from environmental risks.
Demand for nano-enabled packaging is also being driven by rising consumer awareness of sustainability problems since packaging using nanotechnology frequently uses less material and is easier to recycle. Smart feature integration, such as freshness indications and anti-counterfeiting safeguards, is drawing in customers and companies alike. Need for packaging provided by nanotechnology will only increase as long as research keeps revealing new uses and advantages. This technology, which promises superior protection, longer product life, and environmental friendliness, is quickly emerging as a key component of contemporary packaging solutions.
Together, North America and East Asia account for close to half of the global market share and will continue to lead over the next ten years. Globally, bakery products and beverages are set to bring in higher revenue streams for nano-enabled packaging solution providers going ahead.
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Key Takeaways from the Market Study:
“Anti-counterfeiting features enabled by nanotechnology help in protecting high-value products from forgery, which is a key factor increasing demand for nano-enabled packaging globally,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Nano-enabled Packaging Market:
Amcor Limited.; Bemis Company, Inc.; Chevron Phillips Chemical Company, L.L.C.; Klöckner Pentaplast.; Sealed Air.; Tetra Pak International S.A.; Sonoco Products Co.; CCL Industries Inc.; BASF SE; DuPont Teijin Films; Avery Dennison; Checkpoint Systems Inc.
Development of Self-Healing Coatings Enhancing Product Protection and Extending Durability of Packaging
Recent innovations in nano-enabled packaging have introduced several groundbreaking technologies. Self-healing coatings are now being developed to repair minor dents and enhance product protection. Additionally, researchers have revolutionized food safety with nano-sensors capable of detecting food spoilage and alerting consumers.
Another notable advancement is the use of nano-cellulose, derived from plant fibers, in packaging materials. This eco-friendly solution not only reduces environmental impact but also enhances strength and barrier properties. Antimicrobial nanoparticles are also being engineered to target specific pathogens, extending shelf life without compromising product quality.
Nano-coatings are increasingly favored for their superior protection against moisture and electrostatic discharge. In the cosmetics industry, nano-enabled packaging interacts with products to boost their effectiveness.
These innovations address both environmental concerns and product safety, leading to the rapid adoption of nano-enabled packaging across industries worldwide. This surge in interest is driving the growing demand for this transformative technology.
Nano-enabled Packaging Market News:
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the nano-enabled packaging market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on technology (active packaging, intelligent packaging) and application (bakery products, meat products, beverages, fruits & vegetables, prepared foods), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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Nano-enabled packaging refers to packaging materials that incorporate nanoscale materials to enhance product safety, shelf life, and sustainability.
CAGR stands for Compound Annual Growth Rate, which is the rate of return that would be required for an investment to grow from its beginning balance to its ending balance, assuming the profits were reinvested.
Freshness indicators are smart features integrated into packaging that signal the freshness of the product, helping consumers determine if the product is still safe to consume.
Anti-counterfeiting packaging uses advanced technologies to prevent the forgery of products, ensuring that consumers receive genuine items.
Sustainability in packaging is crucial as it reduces environmental impact, conserves resources, and meets consumer demand for eco-friendly products.
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