Nano-Enabled Packaging Market Size, Industry Growth and Overview to 2024: Hexa Reports

Hexa Reports

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Nano-enabled Packaging Market Analysis, Share and Size,

Emerging Trends, Growth, Overview And Segment

Forecasts To 2024

The global nano-enabled packaging market is expected to reach USD 66.30 billion by 2024, according to

a new report by Grand View Research, Inc. Increasing investments in developing effective and efficient

packaging technologies is excepted to spur market growth. Growing awareness of the benefits, that

nano-enabled packaging offer to the food & beverage and pharmaceutical industry is expected to have a

positive impact on the market growth.

Favorable regulations implemented by the FDA concerning manufacturing of packaging materials that

can retain the freshness and enhance the shelf life of the product is expected to escalate future market

growth. Increasing demand for pharmaceuticals, personal care, cosmetics, beverages, meat products,

vegetables, and ready-to-go meals is projected to boost nano-enabled packaging demand over the

forecast period.

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Further key findings from the report suggest:

Active packaging was the leading technology segment and accounted for 60% of total market revenue in

2015. Rising demand for fresh vegetables and fruits in the U.S is anticipated to boost the market

demand for active packaging.

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Intelligent & smart packaging is projected to grow at the highest CAGR of 12.9% over the forecast

period.

The food & beverages was the most dominant application segment and accounted for 39.1% of total

market revenue in 2015. Pharmaceutical nano-enabled packaging market is projected to grow at the

highest CAGR on account of its functional qualities, and its application in almost all medical & healthcare

industries.

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