Use of material of dimension around 1-100 nanometer for packaging are known as nano-packaging materials. Nano-packaging aids in improved shelf life of product, color consistency of packaging, product safety, active packaging, etc.
Major factors driving growth of nano-enabled packaging market are rapid development in packaging and labelling industry and increasing adoption of nano-packaging from food & beverages sector. In addition, increasing adoption of nano-packaging from various sectors such as healthcare and consumer electronics is another factor driving growth of the global market. High production cost is a major factor hampering growth of the global nano-enabled packaging market.
The global market is segmented on the basis of type, industry vertical, and region. On the basis of type, the global market is segmented into active packaging, intelligent packaging, and others. The active packaging segment accounts for highest market share in the global market in terms of revenue. The intelligent packaging segment is expected to witness highest growth in terms of revenue during the next 10 years.
On the basis of industry vertical, the global market is segmented into food & beverages, pharmaceuticals, cosmetics, consumer electronics, and others. The food & beverages segment accounts for highest revenue share in the global market and is expected to witness highest growth over the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to witness significant growth over the forecast period. The market in Asia Pacific is expected to witness highest growth during the next 10 years. This growth in Asia Pacific region can be attributed to rapid development in food and packaging sector in countries in this region.
Key players in the global market are Avery Dennison, Danaflex Nano LLC, IOM SAFENANO, Nanocor Inc., Valentis Nanotech Ltd., Sealed Air, Sonoco Products Company, Kraft Foods, BASF SE, DuPont, and other prominent players.