Increasing Popularity of Nano-enabled Packaging for Food and Beverages Boosts Market Growth

Published Date : May 10, 2016

The global market for nano-enabled packaging for food and beverages has been witnessing remarkable growth, thanks to the immense popularity of this technology. The safety and hygiene nano-enabled packaging offers to food products by impeding oxidation, controlling microbial development, and improving tamper visibility is fueling its demand significantly. 

Asia Pacific has acquired the leading position in the global market for nano-enabled packaging for food and beverages. North America and Europe have also been anticipated to report a steady rise in their share in the overall market over the next few years. Japan has emerged as the biggest nano-enabled packaging market in Asia Pacific.

Rising Demand for Packaged Food and Beverages Products Stimulates Application of Nano-enabled Packaging in Food and Beverages Industry 
Fruit and vegetables, meat products, bakery products, beverages, and ready-made food items are the main application segments for nano-enabled packaging in the food and beverages industry. The global growth in the requirement for food and beverages has propelled the application of nano-enabled packaging in the food and beverages industry substantially. Analysts expect this trend to continue in the coming years. Here is a snapshot of the application patterns of nano-enabled packaging in these segments.

  • The beverages segment utilized nano-enabled packaging worth US$1.0 bn in 2010.
  • The meat products segment contributed US$1.3 bn and the other food items segment accounted for US$0.3 bn of the overall revenue generated in the worldwide nano-enabled packaging market in 2011.
  • The other food items segment is likely to utilize nano-enabled packaging of worth US$0.7 bn by the end of 2020.
  • The market for nano-enabled packaging utilized for fruits and vegetables is likely to reach US$1.0 bn by 2015 from a total value of US$0.7 bn in 2012.
  • For readymade food, the market is expected to reach US$0.9 bn by 2017.

The global market for nano-enabled packaging for food and beverages exhibits a fragmented and competitive landscape. DuPont Teijin Films, Klöckner Pentaplast, BASF SE, Bemis Co. Inc., Sealed Air Corp., Tetra Pak International S.A., Amcor Ltd., Sonoco Products Co., Chevron Phillips Chemical Co. LLC, and Honeywell International Inc. are some of the key participants operating in this market.