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Title: Canada nano enabled packaging market | Coherent Market Insights


1
Coherent Market Insights
  • Market Research And Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • Covid-19 Impact Tracker

2
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).

3
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.

4
  • 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.

5
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.

6
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.

7
  • 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. 

8
Figure 1. Canada Nano-enabled Packaging for Food
and Beverage Market Opportunity Analysis
9
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.

10
Figure 2. Canada Nano-enabled Packaging for Food
and Beverage Market Share () in terms of Value,
By Application, in 2019
11
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.

12
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.

13
  • REQUEST SAMPLE
  • DOWNLOAD PDF BROCHURE
  • REQUEST CUSTOMIZATION
  • TALK TO ANALYST
  • REFERENCE
  • https//www.coherentmarketinsights.com/market-insi
    ght/canada-nano-enabled-packaging-for-food-and-bev
    erage-market-3890

14
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

15
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

16
Thank You!
  • Kindly follow CMI Social Media Profiles for the
    latest company updates.
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  • https//www.coherentmarketinsights.com/
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