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Nanotechnology for Food Packaging Market: Segmented By Application (Food & Beverages, Pharmaceutical, and Personal Care & Cosmetics); By Technology (Active Packaging, Intelligent & Smart Packaging, and Controlled Release Packaging) and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030
[170+ Pages Research Report] Nanotechnology for Food Packaging Market to surpass USD 44.8 billion by 2030 from USD 31 billion in 2020 at a CAGR of 13.6 % in the coming years, i.e., 2021-30.
The nanotechnology sectors are crucial advanced techniques that enable food, medicine, and agriculture to contribute, develop, and to have sustainable impacts. Nanomaterials can produce healthy, safe, and high-quality functional food, which is perishable or semi-perishable in nature, qualitatively or quantitatively. Nanotechnology is superior to traditional technologies for food processing with higher food shelf life, contamination prevention, and food quality improvement. Nanotechnology applications improve the bioavailability and taste of nanomaterial, texture, and uniformity of food, achieved by modifying particle size, possible cluster formation, and the surface load of nanomaterials.
Global Nanotechnology for Food Packaging Market is expected to project a notable CAGR of 13.6% in 2030.
Increased population demand for food is increasing. This is one of the main reasons for the need for agricultural productivity improvement techniques. Nano-products such as nano fertilizers and nano-pesticides in agriculture are focused on reducing chemical propagation, limiting nutritional losses in fertilizer, and enhancing yields by pesticide management and nutrient management. Therefore, nanotechnology can be improved with new Nanotools in agriculture. The increasing need for an optimal crop production with scarce funds gives it tremendous popularity among farmers.
Active Packaging segment to grow with the highest CAGR during 2020-30
Global Nanotechnology for Food Packaging Market is segmented by Technology into Active Packaging, Intelligent & Smart Packaging, and Controlled Release Packaging. Active packaging holds the biggest share in 2020 and was estimated at USD XXXX billion. Nanoparticles are used in active nano-enabled containers to barrier external influence. Oxygen scavengers vapor removers, CO2 manufacturers, ethylene removers, and ethanol releasing systems are some of the techniques. This technology is expected to meet the high demands of the food and pharmaceutical industries.
Food & Beverages segment to grow with the highest CAGR during 2020-30
Global Nanotechnology for Food Packaging is divided by application into Food & Beverages, Pharmaceutical, and Personal Care & Cosmetics. In terms of the food & beverage and pharmaceutical industry, nano-enabled packaging has received widespread acceptance. It serves as a deterrent against light, UV radiation, and moisture in the food and beverage sector and provides stability, safety and longevity as well as enhances product shelf lives. It is anticipated to accelerate to future market growth by using nanotechnology to improve the durability and quality of processed food.
Increased consciousness about health
People around the world have become increasingly concerned about health and are aware of health-related issues. The use of clean label products is being increased. The demand for new food processing techniques to improve and maintain F&B products' quality and nutritional value is growing. This boosts the growth of the world market for food nanotechnology.
Need for optimal crop
Increased population demand for food is increasing. This is one of the main reasons for the need for agricultural productivity improvement techniques. Nano-products such as nano fertilizers and nano-pesticides in agriculture are focused on reducing chemical propagation, limiting nutritional losses in fertilizer, and enhancing yields by pesticide management and nutrient management. Therefore nanotechnology can be improved with new nanotools in agriculture. The increasing need for an optimal crop production with scarce funds gives it tremendous popularity among farmers.
Lack of technological know-how
Nano technological experiments need to be analyzed accurately and to interpret the results so that results are reliable. Crucially significant is the correlation between experimental results and the experiment hypothesis. Each staff must therefore carry out experiments in nanotechnology. The lack of qualified professionals can cause inaccurate results in research laboratories. The lack of skilled professionals is expected therefore negatively affect market growth during the forecast period.
BASF SE
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Nanotechnology for Food Packaging market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global Nanotechnology for Food Packaging in Asia pacific held the largest market share of XX.X% in the year 2020. It is forecast to increase at the highest CAGR between 2020 and 2030 at USD XXXX million in 2020. Rising supplies of raw materials and the rising food processing, pharmaceuticals, and human resources sector are driving growth in this region. Strong growth is projected for China, Japan, and India, followed by other Asian nations. The second-largest share in the world's nano-enabled packaging market is anticipated for North America. The favorable legislation and regulations applied in the food, pharmaceutical, and export sectors to the use of nanotechnology are projected to increase
Global Nanotechnology for Food Packaging Market is further segmented by region into:
Nanotechnology for Food Packaging Market Segments:
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