Food And Beverage Nano-Enabled Packaging Market Is Expected To Reach US$ 31.2 Bn By 2023 | Credence Research

The latest market report published by Credence Research, Inc. “Food and Beverage Nano-enabled Packaging Market – Growth, Future Prospects, and Competitive Analysis, 2016 – 2023,” the global food and beverage Nano-enabled packaging market was valued at US$ 20.4 Bn in 2015 and is expected to reach US$ 31.2 Bn by 2023, expanding at a CAGR of 5.6% from 2016 to 2023.

Market Insights

The food and beverage segment is one of the major contributors in the overall packaging market. In order to offer efficient packaging solutions coupled with reduced costs for manufacturing packaging materials, food and beverage product manufacturers are spending a huge amount of research and development of advanced packaging techniques such as nanotechnology.

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Some of the factors fuelling food and beverages Nano-enabled Packaging market growth include exploration of nanotechnology into varied food and beverage applications, increasing consumption of packaged food products, thereby leading to the advent of nanotechnology in those products, demand for shelf-stable and sustainable packaging solutions among food and beverage retailers and manufacturers. Furthermore, governments of various countries are have initiated the adoption of Nano-enabled packaging for food and beverage products, ensuring health and food safety mitigation. Additionally, rising demand for healthy, fresh, extended shelf-life, safety and quality maintenance of food and beverage products among consumers are fuelling the food and beverage Nano-enabled packaging market growth.

Geographically, Asia Pacific is dominating the market in terms of revenue share contribution, followed by North America and Europe. North America and Europe are collectively accounted for around 50% of the overall food and beverages Nano-enabled packaging market share in 2015. Asia Pacific is further expected to record the highest CAGR during the forecast period. Increasing the inclination of consumers towards improved taste, color, texture, flavor, and retention of nutritional aspects of the final product is a key factor propelling food and beverage Nano-enabled packaging market growth in the region. Moreover, urbanization, an increasing number of affluent consumers and changing consumer lifestyle especially in countries such as India and China support market growth. Food and beverages Nano-enabled packaging market growth in North America is expected to be significant throughout the forecast period.

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List of Companies Covered:

  • Amcor Limited
  • E. I. du Pont de Nemours and Company
  • Bemis Company, Inc.
  • Crown Holdings Incorporated
  • Chevron Phillips Chemical Company, L.L.C.
  • Klöckner Pentaplast
  • Sealed Air Corp.
  • Tetra Pak International S.A.
  • Nanocor Inc.
  • Honeywell International, Inc.

Market Segmentation

By Type

  • Active Packaging
  • Intelligent Packaging
  • Controlled Packaging

By Application Type

  • Fruits and Vegetables
  • Beverages
  • Prepared Foods
  • Meat Products
  • Bakery Products
  • Others

By Geography Segment Type

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

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