Focus on (Product, Application, Industry Outlook, Region and Country Analysis) - Analysis and Forecast, 2019-2025
Market Report Coverage -Â Nanotechnology for Food Packaging Market Forecast Period: 2020-2025 CAGR: 12.22%
What has been the impact of COVID-19 on the nanotechnology for food packaging market?
Global Nanotechnology for Food Packaging Market Anticipated to Reach $29.40 Billion by 2025.
1.1 Industry Outlook
1.1.1 Nanotechnology for Food Packaging: Overview
1.1.1.1 Timeline: Evolution of Food Packaging
1.1.1.2 Emergence of Nanotechnology in Food
1.1.2 Ecosystem Participants
1.1.3 Futuristic Trends
1.1.3.1 Blockchain in Food Packaging
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Need for Food Safety for the Consumers
1.2.1.2 Extended Shelf Life of Products
1.2.2 Business Challenges
1.2.2.1 Impact of COVID-19 on Raw Material Providers
1.2.3 Business Strategies
1.2.3.1 Product Development and Innovation
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Partnerships, Collaborations, Mergers and Acquisitions, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Nano-Printed Intelligent Food packaging
2.1 Application and Specification
2.1.1 Fruits and Vegetables
2.1.2 Beverages
2.1.3 Prepared Foods
2.1.4 Meat Products
2.1.5 Bakery Products
2.2 Demand Analysis of Nanotechnology for Food Packaging (by Application)
2.2.1 Fruits and Vegetables
2.2.1.1 Demand Analysis of Fruits and Vegetables Nanotechnology for Food Packaging Market by Region
2.2.2 Beverages
2.2.2.1 Demand Analysis of Beverages Nanotechnology for Food Packaging Market by Region
2.2.3 Prepared Foods
2.2.3.1 Demand Analysis of Prepared Foods Nanotechnology for Food Packaging Market by Region
2.2.4 Meat Products
2.2.4.1 Demand Analysis of Meat Products Nanotechnology for Food Packaging Market by Region
2.2.5 Bakery Products
2.2.5.1 Demand Analysis of Bakery Products Nanotechnology for Food Packaging Market by Region
3.1 Global Nanotechnology for Food Packaging Market (by Product)
3.1.1 Active Packaging
3.1.2 Improved Packaging
3.1.3 Smart/Intelligent Packaging
3.2 Demand Analysis of Nanotechnology for Food Packaging Market (by Technology)
3.2.1 Active Packaging
3.2.1.1 Demand Analysis of Active Packaging Market (by Region)
3.2.2 Improved Packaging
3.2.2.1 Demand Analysis of Improved Packaging Market (by Region)
3.2.3 Smart/Intelligent Packaging
3.2.3.1 Demand Analysis of Smart/Intelligent Packaging Market (by Region)
4.1 North America
4.1.1 Market
4.1.1.1 Key Manufacturers and Suppliers in North America
4.1.1.2 Business Drivers
4.1.1.3 Business Challenges
4.1.2 Application
4.1.2.1 North America Nanotechnology for Food Packaging Market (by Application)
4.1.3 Product
4.1.3.1 North America Nanotechnology for Food Packaging Market (by Product)
4.1.4 North America (by Country)
4.1.4.1 U.S.
4.1.4.1.1 Market
4.1.4.1.1.1 Buyer Attributes
4.1.4.1.1.2 Key Manufacturers in the U.S.
4.1.4.1.1.3 Business Challenges
4.1.4.1.1.4 Business Drivers
4.1.4.1.2 Product
4.1.4.1.2.1 U.S. Nanotechnology for Food Packaging Market (by Product)
4.1.4.2 Canada
4.1.4.2.1 Market
4.1.4.2.1.1 Buyer Attributes
4.1.4.2.1.2 Key Manufacturers in Canada
4.1.4.2.1.3 Business Challenges
4.1.4.2.1.4 Business Drivers
4.1.4.2.2 Product
4.1.4.2.2.1 Canada Nanotechnology for Food Packaging Market (by Product)
4.1.4.3 Mexico
4.1.4.3.1 Market
4.1.4.3.1.1 Key Manufacturers in Mexico
4.1.4.3.1.2 Business Challenges
4.1.4.3.1.3 Business Drivers
4.1.4.3.2 Product
4.1.4.3.2.1 Mexico Nanotechnology for Food Packaging Market (by Product)
4.2 South America
4.2.1 Market
4.2.1.1 Key Manufacturers and Suppliers in South America
4.2.1.2 Business Drivers
4.2.1.3 Business Challenges
4.2.2 Application
4.2.2.1 South America Nanotechnology for Food Packaging Market (by Application)
4.2.3 Product
4.2.3.1 South America Nanotechnology for Food Packaging Market (by Product)
4.2.4 South America (by Country)
4.2.4.1 Brazil
4.2.4.1.1 Market
4.2.4.1.1.1 Buyer Attributes
4.2.4.1.1.2 Key Manufacturers in the Brazil
4.2.4.1.1.3 Business Challenges
4.2.4.1.1.4 Business Drivers
4.2.4.1.2 Product
4.2.4.1.2.1 Brazil Nanotechnology for Food Packaging Market (by Product)
4.2.4.2 Argentina
4.2.4.2.1 Market
4.2.4.2.1.1 Buyer Attributes
4.2.4.2.1.2 Key Manufacturers in Argentina
4.2.4.2.1.3 Business Challenges
4.2.4.2.1.4 Business Drivers
4.2.4.2.2 Product
4.2.4.2.2.1 Argentina Nanotechnology for Food Packaging Market (by Product)
4.3 Europe
4.3.1 Market
4.3.1.1 Key Manufacturers and Suppliers in Europe
4.3.1.2 Business Drivers
4.3.1.3 Business Challenges
4.3.2 Application
4.3.2.1 Europe Nanotechnology for Food Packaging Market (by Application)
4.3.3 Product
4.3.3.1 Europe Nanotechnology for Food Packaging Market (by Product)
4.3.4 Europe (by Country)
4.3.4.1 Germany
4.3.4.1.1 Market
4.3.4.1.1.1 Buyer Attributes
4.3.4.1.1.2 Key Manufacturers in Germany
4.3.4.1.1.3 Business Challenges
4.3.4.1.1.4 Business Drivers
4.3.4.1.2 Product
4.3.4.1.2.1 Germany Nanotechnology for Food Packaging Market (by Product)
4.3.4.2 France
4.3.4.2.1 Market
4.3.4.2.1.1 Buyer Attributes
4.3.4.2.1.2 Key Manufacturers in France
4.3.4.2.1.3 Business Challenges
4.3.4.2.1.4 Business Drivers
4.3.4.2.2 Product
4.3.4.2.2.1 France Nanotechnology for Food Packaging Market (by Product)
4.3.4.3 Spain
4.3.4.3.1 Market
4.3.4.3.1.1 Buyer Attributes
4.3.4.3.1.2 Key Manufacturers in Spain
4.3.4.3.1.3 Business Challenges
4.3.4.3.1.4 Business Drivers
4.3.4.3.2 Product
4.3.4.3.2.1 Spain Nanotechnology for Food Packaging Market (by Product)
4.4 U.K.
4.4.1 Market
4.4.1.1 Buyer Attributes
4.4.1.2 Key Manufacturers in the U.K.
4.4.1.3 Business Challenges
4.4.1.4 Business Drivers
4.4.2 Application
4.4.2.1 U.K. Nanotechnology for Food Packaging Market (by Application)
4.4.3 Product
4.4.3.1 U.K. Nanotechnology for Food Packaging Market (by Product)
4.5 Middle East and Africa
4.5.1 Market
4.5.1.1 Key Manufacturers and Suppliers in Middle East and Africa
4.5.1.2 Business Drivers
4.5.1.3 Business Challenges
4.5.2 Application
4.5.2.1 Middle East and Africa Nanotechnology for Food Packaging Market (by Application)
4.5.3 Product
4.5.3.1 Middle East and Africa Nanotechnology for Food Packaging Market (by Product)
4.5.4 Middle East and Africa (by Country)
4.5.4.1 Saudi Arabia
4.5.4.1.1 Market
4.5.4.1.1.1 Buyer Attributes
4.5.4.1.1.2 Key Manufacturers in Saudi Arabia
4.5.4.1.1.3 Business Challenges
4.5.4.1.1.4 Business Drivers
4.5.4.1.2 Product
4.5.4.1.2.1 Saudi Arabia Nanotechnology for Food Packaging Market (by Product)
4.5.4.2 South Africa
4.5.4.2.1 Market
4.5.4.2.1.1 Buyer Attributes
4.5.4.2.1.2 Key Manufacturers in South Africa
4.5.4.2.1.3 Business Challenges
4.5.4.2.1.4 Business Drivers
4.5.4.2.2 Product
4.5.4.2.2.1 South Africa Nanotechnology for Food Packaging Market (by Product)
4.6 China
4.6.1 Market
4.6.1.1 Buyer Attributes
4.6.1.2 Key Manufacturers in China
4.6.1.3 Business Challenges
4.6.1.4 Business Drivers
4.6.2 Application
4.6.2.1 China Nanotechnology for Food Packaging Market (by Application)
4.6.3 Product
4.6.3.1 China Nanotechnology for Food Packaging Market (by Product)
4.7 Asia-Pacific and Japan
4.7.1 Market
4.7.1.1 Key Manufacturers and Suppliers in Asia-Pacific and Japan
4.7.1.2 Business Drivers
4.7.1.3 Business Challenges
4.7.2 Application
4.7.2.1 Asia-Pacific and Japan Nanotechnology for Food Packaging Market (by Application)
4.7.3 Product
4.7.3.1 Asia-Pacific and Japan Nanotechnology for Food Packaging Market (by Product)
4.7.4 Asia-Pacific (by Country)
4.7.4.1 Japan
4.7.4.1.1 Market
4.7.4.1.1.1 Buyer Attributes
4.7.4.1.1.2 Key Manufacturers in Japan
4.7.4.1.1.3 Business Challenges
4.7.4.1.1.4 Business Drivers
4.7.4.1.2 Product
4.7.4.1.2.1 Japan Nanotechnology for Food Packaging Market (by Product)
4.7.4.2 India
4.7.4.2.1 Market
4.7.4.2.1.1 Buyer Attributes
4.7.4.2.1.2 Key Manufacturers in India
4.7.4.2.1.3 Business Challenges
4.7.4.2.1.4 Business Drivers
4.7.4.2.2 Product
4.7.4.2.2.1 India Nanotechnology for Food Packaging Market (by Product)
4.7.4.3 Australia and New Zealand
4.7.4.3.1 Market
4.7.4.3.1.1 Buyer Attributes
4.7.4.3.1.2 Key Manufacturers in South Korea
4.7.4.3.1.3 Business Challenges
4.7.4.3.1.4 Business Drivers
4.7.4.3.2 Product
4.7.4.3.2.1 Australia and New Zealand Nanotechnology for Food Packaging Market (by Product)
5.1 Competitive Benchmarking
5.2 Amcor Plc
5.2.1 Company Overview
5.2.1.1 Role of Amcor Plc in Nanotechnology for Food Packaging Market
5.2.1.2 Product Portfolio
5.2.1.3 Production Sites
5.2.2 Business Strategies
5.2.2.1 Product Development
5.2.2.2 Market Development
5.2.3 Corporate Strategies
5.2.3.1 Partnership and Collaboration
5.2.3.2 Merger and Acquisition
5.2.4 Strength and Weakness of Amcor Plc
5.2.5 R&D Analysis
5.3 BASF SE
5.3.1 Company Overview
5.3.1.1 Role of BASF SE in Nanotechnology for Food Packaging Market
5.3.1.2 Product Portfolio
5.3.1.3 Production Sites
5.3.2 Business Strategies
5.3.2.1 Product Development
5.3.3 Corporate Strategies
5.3.3.1 Partnership and Collaboration
5.3.3.2 Merger and Acquisition
5.3.4 Strength and Weakness of BASF SE
5.3.5 R&D Analysis
5.4 Chevron Phillips Chemical Company, L.L.C.
5.4.1 Company Overview
5.4.1.1 Role of Chevron Phillips Chemical Company, L.L.C. in Nanotechnology for Food Packaging Market
5.4.1.2 Product Portfolio
5.4.1.3 Production Sites
5.4.2 Strength and Weakness of Chevron Phillips Chemical Company, L.L.C.
5.5 Danaflex Nano LLC
5.5.1 Company Overview
5.5.1.1 Role of Danaflex Nano LLC in Nanotechnology for Food Packaging Market
5.5.2 Strength and Weakness of Danaflex Nano LLC
5.6 DuPont Teijin Films
5.6.1 Company Overview
5.6.1.1 Role of DuPont Teijin Films in Nanotechnology for Food Packaging Market
5.6.1.2 Product Portfolio
5.6.1.3 Production Sites
5.6.2 Business Strategies
5.6.2.1 Product Development
5.6.3 Corporate Strategies
5.6.3.1 Partnership and Collaboration
5.6.4 Strength and Weakness of DuPont Teijin Films
5.7 Honeywell International Inc.
5.7.1 Company Overview
5.7.1.1 Role of Honeywell International in Nanotechnology for Food Packaging Market
5.7.1.2 Product Portfolio
5.7.2 Corporate Strategies
5.7.2.1 Partnership and Collaboration
5.7.3 Strength and Weakness of Honeywell International
5.7.4 R&D Analysis
5.8 Klöckner Pentaplast
5.8.1 Company Overview
5.8.1.1 Role of Klöckner Pentaplast in Nanotechnology for Food Packaging Market
5.8.1.2 Product Portfolio
5.8.1.3 Production Sites
5.8.2 Business Strategies
5.8.2.1 Product Development
5.8.2.2 Market Developments
5.8.3 Strength and Weakness of Klöckner Pentaplast
5.9 Mitsubishi Gas Chemical Company
5.9.1 Company Overview
5.9.1.1 Role of Mitsubishi Gas Chemical Company in Nanotechnology for Food Packaging Market
5.9.1.2 Product Portfolio
5.9.2 Strength and Weakness of Mitsubishi Gas Chemical Company
5.9.3 R&D Analysis
5.10 Nanocor
5.10.1 Company Overview
5.10.1.1 Role of Nanocor in Nanotechnology for Food Packaging Market
5.10.1.2 Product Portfolio
5.10.2 Strength and Weakness of Nanocor
5.11 PPG Industries
5.11.1 Company Overview
5.11.1.1 Role of PPG Industries in Nanotechnology for Food Packaging Market
5.11.1.2 Product Portfolio
5.11.2 Strength and Weakness of PPG Industries
5.12 Sealed Air
5.12.1 Company Overview
5.12.1.1 Role of Sealed Air in Nanotechnology for Food Packaging Market
5.12.1.2 Product Portfolio
5.12.1.3 Production Sites
5.12.2 Business Strategies
5.12.2.1 Product Development
5.12.3 Corporate Strategies
5.12.3.1 Merger and Acquisition
5.12.4 Strength and Weakness of Sealed Air
5.12.5 R&D Analysis
5.13 Sonoco Products Company
5.13.1 Company Overview
5.13.1.1 Role of Sonoco Products Company in Nanotechnology for Food Packaging Market
5.13.1.2 Product Portfolio
5.13.1.3 Production Sites
5.13.2 Business Strategies
5.13.2.1 Market Developments
5.13.3 Corporate Strategies
5.13.3.1 Partnership and Collaboration
5.13.3.2 Merger and Acquisition
5.13.4 Strength and Weakness of Sonoco Products Company
5.14 Tetra Laval International S.A.
5.14.1 Company Overview
5.14.1.1 Role of Tetra Laval International S.A. in Nanotechnology for Food Packaging Market
5.14.1.2 Product Portfolio
5.14.1.3 Production Sites
5.14.2 Business Strategies
5.14.2.1 Product Development
5.14.3 Corporate Strategies
5.14.3.1 Partnership and Collaboration
5.14.4 Strength and Weakness of Tetra Laval International S.A.
5.14.5 R&D Analysis
5.15 3M
5.15.1 Company Overview
5.15.1.1 Role of 3M in Nanotechnology for Food Packaging Market
5.15.1.2 Production Sites
5.15.2 Strength and Weakness of 3M
Research Methodology
Table 1: Global Fruits and Vegetables Nanotechnology for Food Packaging Market (by Region), $Billion, 2019-2025
Table 2: Global Beverages Nanotechnology for Food Packaging Market (by Region), $Billion, 2019-2025
Table 3: Global Prepared Foods Nanotechnology for Food Packaging Market (by Region), $Billion, 2019-2025
Table 4: Global Meat Products Nanotechnology for Food Packaging Market (by Region), $Billion, 2019-2025
Table 5: Global Bakery Products Nanotechnology for Food Packaging Market (by Region), $Billion, 2019-2025
Table 6: Global Active Packaging Market (by Region), $Billion, 2019-2025
Table 7: Global Improved Packaging Market (by Region), $Billion, 2019-2025
Table 8: Global Smart/Intelligent Packaging Market (by Region), $Billion, 2019-2025
Table 9: Global Nanotechnology for Food Packaging Market (by Region), $Billion, 2019-2025
Table 10: North America Nanotechnology for Food Packaging Market (by Application), $Billion, 2019-2025
Table 11: North America Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 12: U.S. Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 13: Canada Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 14: Mexico Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 15: South America Nanotechnology for Food Packaging Market (by Application), $Billion, 2019-2025
Table 16: Table South America Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 17: Brazil Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 18: Argentina Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 19: Europe Nanotechnology for Food Packaging Market (by Application), $Billion, 2019-2025
Table 20: Europe Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 21: Germany Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 22: France Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 23: Spain Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 24: U.K. Nanotechnology for Food Packaging Market (by Application), $Billion, 2019-2025
Table 25: U.K. Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 26: MEA Nanotechnology for Food Packaging Market (by Application), $Million, 2019-2025
Table 27: MEA Nanotechnology for Food Packaging Market (by Product), $Million, 2019-2025
Table 28: Saudi Arabia Nanotechnology for Food Packaging Market (by Product), $Million, 2019-2025
Table 29: South Africa Nanotechnology for Food Packaging Market (by Product), $Million, 2019-2025
Table 30: China Nanotechnology for Food Packaging Market (by Application), $Billion, 2019-2025
Table 31: China Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 32: APJ Nanotechnology for Food Packaging Market (by Application), $Billion, 2019-2025
Table 33: APJ Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 34: Japan Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 35: India Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 36: Australia and New Zealand Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Table 37: Amcor Plc: Product Portfolio
Table 38: Table: Product Development
Table 39: Table: Market Development
Table 40: Partnership and Collaboration
Table 41: Merger and Acquisition
Table 42: BASF SE: Product Portfolio
Table 43: Table: Product Development
Table 44: Partnership and Collaboration
Table 45: Merger and Acquisition
Table 46: Chevron Phillips Chemical Company, L.L.C.: Product Portfolio
Table 47: DuPont Teijin Films: Product Portfolio
Table 48: Product Development
Table 49: Partnership and Collaboration
Table 50: Honeywell International: Product Portfolio
Table 51: Partnership and Collaboration
Table 52: Klöckner Pentaplast: Product Portfolio
Table 53: Table: Product Development
Table 54: Table: Market Development
Table 55: Mitsubishi Gas Chemical: Product Portfolio
Table 56: Nanocor: Product Portfolio
Table 57: PPG Industries: Product Portfolio
Table 58: Sealed Air: Product Portfolio
Table 59: Table: Product Development
Table 60: Merger and Acquisition
Table 61: Sonoco Products Company: Product Portfolio
Table 62: Partnership and Collaboration
Table 63: Merger and Acquisition
Table 64: Table: Tetra Laval International S.A.: Product Portfolio
Table 65: Table: Product Development
Table 66: Partnership and Collaboration
Figure 1: Market Dynamics for Nanotechnology for Food Packaging Market
Figure 2: Global Nanotechnology for Food Packaging Market, $Billion, 2019-2025
Figure 3: Global Nanotechnology for Food Packaging Market (by Application), $Billion, 2019-2025
Figure 4: Global Nanotechnology for Food Packaging Market (by Product), $Billion, 2019-2025
Figure 5: Global Nanotechnology for Food Packaging Market (by Region), 2019
Figure 6: Figure Global Nanotechnology for Food Packaging Market Coverage
Figure 7: Ecosystem: Nanotechnology for Food Packaging
Figure 8: Global Nanotechnology for Food Packaging Market, Business Dynamics
Figure 9: Share of Key Market Strategies and Developments, 2017-2020
Figure 10: Product Developments and Innovation (by Company), 2017-2020
Figure 11: Business Expansions and Investments (by Company), 2017-2020
Figure 12: Partnerships, Collaborations, Mergers and Acquisitions, and Joint Ventures (by Company), 2017-2020
Figure 13: Global Nanotechnology for Food Packaging Market (by Application)
Figure 14: Global Nanotechnology for Food Packaging Market (by Technology)
Figure 15: Competitive Benchmarking
Figure 16: Amcor Plc R&D (2017-2019)
Figure 17: BASF SE R&D (2017-2019)
Figure 18: Honeywell International R&D (2017-2019)
Figure 19: Mitsubishi Gas Chemical R&D (2017-2019)
Figure 20: Sealed Air R&D (2017-2019)
Figure 21: Research Methodology
Figure 22: Top-Down and Bottom-Up Approach
Figure 23: Nanotechnology for Food Packaging Market Influencing Factors
Figure 24: Assumptions and Limitations
|
Market Report Coverage - Nanotechnology for Food Packaging Market |
|||
|
Base Year |
2018 |
Market Size in 2019 |
$14.71 Billion |
|
Forecast Period |
2020-2025 |
Value Projection and Estimation by 2025 |
$29.40 Billion |
|
CAGR During Forecast Period |
12.22% |
Number of Tables |
66 |
|
Number of Pages |
117 |
Number of Figures |
24 |
|
Research Hours |
700 |
|
|
|
Market Segmentation |
• Product – Active Packaging, Improved Packaging, Smart Packaging • Application – Fruits and Vegetables, Beverages, Prepared Foods, Meat Products, Bakery, Others |
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|
Regional Segmentation |
• North America – U.S., Canada, Mexico • Europe – Germany, France, Spain, Others • U.K. • Asia-Pacific Japan - India, Australia, Japan, Others • China • South America – Brazil, Argentina, Others • Middle East Africa –Saudi Arabia, South Africa, Others |
||
|
Growth Drivers |
• Need for Food Safety for the Consumers • Extended Shelf Life of Products |
||
|
Market Challenges |
• Impact of COVID-19 on Raw Material Providers |
||
|
Market Opportunities |
• Nano-Printed Intelligent Food packaging |
||
|
Key Companies Profiled |
Amcor Ltd., Sonoco Products Company, BASF SE, Tetra Laval International S.A., Honeywell International Inc., and Chevron Phillips Chemical Company, LLC, among others |
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• What are the underlying structures resulting in the emerging trends within the nanotechnology application in food packaging market?
• How is the food packaging market impacted by the introduction of nanotechnology?
• How are nanotechnology for food packaging manufacturers, and other players entering the market?
• How are emerging technologies such as blockchain in nanotechnology and nano-printing for food packaging driving the growth of the market?
• Which packaging type is expected to be leading the nanotechnology for food packaging market by 2025?
• What was the market value of the leading segments and sub-segments of the Asia-Pacific & Japan market in 2019, and how is the market estimated to grow during the forecast period 2020-2025?
• How is the industry expected to evolve during the forecast period 2020-2025?
• What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?
• What has been the impact of COVID-19 on the nanotechnology for food packaging market?
The packaging industry is in the process of constant evolution, with various technological developments taking place in the industry that have enhanced features in packaging materials to make the food consumption experience better. The growing demand for food types and varieties of exotic foodstuffs leads to the complications for safer and more secure packaging of goods, which advances the concept of food packaging in the industry.
The rise of nanotechnology has accelerated the evolution of packaging present in the food industry. The packaging today has become the latest focus for food manufacturers, as they have to advance themselves in comparison to the new packaging material that acts as a part of branding and certifies food safety. An inevitable evolution is nanotechnology incorporated in food packaging, such as active packaging, improved packaging, and an upcoming category of smart/intelligent packaging that has sensors embedded in the packaging itself, which provides abundant data for suppliers to track than what today’s packaging can offer.
The upcoming trends and opportunities in the nanotechnology application in food packaging sector are expected to be at the forefront in the coming decade, with blockchain application in food packaging becoming the most prominent in the field.
Competitive Landscape
The exponential rise in the adoption of nanotechnology for food packaging on the global level has created a buzz among companies to invest in this industry.
Many global companies that offer nanotechnology food packaging Amcor Ltd., Sonoco Products Company, BASF SE, Tetra Laval International S.A., Honeywell International Inc., and Chevron Phillips Chemical Company, LLC, among others.
On the basis of region, North America holds the largest share of nanotechnology for food packaging sold in terms of value, due to high awareness and product availability in the region. Apart from this, South America is anticipated to grow at the fastest CAGR during the forecast period.
Answer – The global nanotechnology for food packaging market is estimated to register a growth rate of 12.22% over the years 2019-2025 and generate $29.40 billion by the end of 2025.
Answer – The rising need for food safety for the consumers and extended shelf life of products has bolstered the demand for this emerging technology in recent years.
Answer – The North American region holds the largest share of nanotechnology for food packaging sold in terms of value. Apart from this, South America is expected to grow at the fastest CAGR during the forecast period 2019-2025.
Answer – Many global companies such as Amcor Ltd., Tetra Laval International S.A., BASF SE, Chevron Philips Chemical Company, LLC, Sonoco Products Company, and Honeywell International Inc., among others, offer nanotechnology food packaging worldwide.
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Focus on (Product, Application, Industry Outlook, Region and Country Analysis) - Analysis and Forecast, 2019-2025
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