Canada nano enabled packaging market | Coherent Market Insights

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CANADA NANO-ENABLED PACKAGING FOR FOOD AND
BEVERAGE MARKET ANALYSIS

• Canada Nano-enabled Packaging for Food and
  Beverage Market, By Application (Bakery Products,
  Beverages, Dairy, Fruit and Vegetables, Meat
  Products, Prepared Foods, Others), By Technology
  (Active Packaging, Controlled Packaging,
  Intelligent Packaging) - Size, Share, Outlook,
  and Opportunity Analysis, 2020 2027.
• The global personal care packaging market is
  projected to reach around US 911.9 million by
  the end of 2027, in terms of revenue, growing
  at CAGR of 8.3 during the forecast
  period (2020-2027).

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Drivers

• Growing demand for longer shelf-life of the food
  product is expected to propel the market growth
  of the nano-enabled packaging. Rising need for
  eliminating waste and conventional packaging
  materials is ineffective in increasing shelf-life
  of the food product thus leads to wastage of food
  is also raising demand for the nano-based
  packaging. Moreover, the growing need for proper
  protection and reducing the risk of contamination
  during transportation is further expected to
  augment the market growth of nano-enabled
  packaging over the forecast period.

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• Increasing recall due to food contamination and
  products that do not obey federal regulations is
  projected to fuel the market growth of
  nano-enabled packaging in Canada. For instance,
  the Canadian Food Inspection Agency (CFIA)
  closely monitors food products sold in the
  country and recalls contaminated food products
  from the market. Such strict rules and
  regulations are anticipated to propel the growth
  of the Canada nano-enabled packaging market.

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Market Restraints

• High costs of nano-packaging are leading to an
  overall increase in the product costs due to
  which various manufacturers use the conventional
  packaging process. This factor is projected to
  hamper the growth of the Canada nano-enabled
  packaging market over the forecast period.
• Lack of proper information on impact of nano
  materials which include nanofillers and
  nanocomposites and their effect on the health of
  consumer health is expected to hamper the market
  growth.

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Market Opportunities

• Increasing adoption of active-based packaging in
  the dairy product is expected to provide
  potential growth opportunities to the market of
  nano-enable packaging. Active-based packaging has
  an oxygen barrier and antimicrobial properties
  that prevent contamination and also maintain the
  texture of the product. Moreover, active-based
  packaging also provides cost-effective solution
  manufacturers in order to enhance their product
  offering in the competitive market.

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• Increasing spending of consumers on the packaged
  food product such as bakery products is estimated
  to offer lucrative growth opportunities to the
  market of Canada nano-enabled packaging.
  According to The University of British Columbia,
  in Canada per capita expenditure on baked goods
  increased from 146.7 (USD) in 2013 to 153.5
  (USD) in 2017. Thus, the growing demand for
  packaged food is expected to propel the market
  growth. 

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Figure 1. Canada Nano-enabled Packaging for Food
and Beverage Market Opportunity Analysis
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Market Trends

• Increasing focus of the government of Canada to
  improve the agriculture sector in the country is
  projected to augment the market growth of
  Canada's nano-enabled packaging. For instance, in
  March 2017, Canadian governments have invested
  over CAD17.6 million into 690 projects that are
  working towards building a more robust,
  sustainable, and profitable Canadian agriculture
  sector. Thus, rising initiatives by the
  government of Canada will favor market growth
  over the forecast period.

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Figure 2. Canada Nano-enabled Packaging for Food
and Beverage Market Share () in terms of Value,
By Application, in 2019
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Canada Nano-enabled Packaging for Food and
Beverage Market - Impact of Coronavirus
(Covid-19) Pandemic

• During lockdown period consumers are stocking up
  not just essentials but also packaged or
  processed foods. Demand for packaged food is
  increasing as people consider it as comfort food
  and hygienic. The surge in demand for packaged
  food is expected to drive market growth for
  packaging products. Food companies are making
  changes to their operations in response to
  increasing demands. For instance, in March 2020,
  Campbell Soup Company (U.S. based food processing
  company) increased its soup production in
  response to increasing demand for canned soup in
  U.S. However, consumers are avoiding fresh
  produce products such as dairy and meat, owing to
  increased likelihood of multiple human touch
  points before reaching the shelves.

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Competitive Section

• Company Names 
• 3M Company
• Amcor Limited
• BASF SE
• Crown Holdings Incorporated
• E. I. du Pont de Nemours and CompanyDuPont
• Honeywell International, Inc.
• Bemis Company, Inc.
• Sealed Air Corp.
• Multisorb Technologies, Inc.
• AMCOL International Corporation Nanocor Inc.

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