Frequently Asked Questions
The global nanotechnology packaging market was valued at USD 15.1 Billion in 2022.
The nanotechnology packaging market is expected to grow at a CAGR of 18.20% between 2023 and 2030, reaching USD 48.67 Billion in 2030.
Active packaging is the leading segment by type, holding over 43% share in value in 2022.
The food & beverages segment governs the demand for nanotechnology packaging in the world, holding a massive share of over 60% in 2022.
North America is fueling the growth of the nanotechnology packaging industry, with an over one-third share in 2022.
The top players include Avery Dennison, PPG Industries, Klöckner Pentaplast, Sealed Air, Tetra Pak International, Asahi Kasei, Dow, Plasmatreat, Sciessent, Toyo Seikan Kaisha, Valentis Nanotech, Amcor Limited, Honeywell International, BASF SE, Chevron Phillips Chemical, Sonoco Products Company, and Danaflex Nano LLC.
The major market drivers are increasing demand for green packaging materials, Advances in nanotechnology, and a growing demand for high-performance packaging solutions.
Adding nanoparticles as filler can affect composite materials’ biodegradability and negatively impact market growth throughout the projection period. These are the major market restraints.
The development of nanomaterials with protective properties that can be used in hygienic and antibacterial packaging, as well as focusing on using nanotechnology to reduce packaging waste and increase sustainability with bio-nano composites that have the potential to replace non-biodegradable, petroleum-based plastics, are the major opportunities in the nanotechnology packaging industry.