Title: Canada Nano-enabled Packaging for Food and Beverage Market
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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
3Nano-enabled packaging is an advanced packaging
solution in the food and beverage industry that
provides longer shelf-life of the perishable food
product. Nano-enabled packaging is also
beneficial in enhancing the taste, color, and
texture of the packaged food product. Moreover,
it also improves the absorption and
bioavailability of nutrients in a food. They can
be classified into controlled release packaging,
active packaging, and intelligent packaging.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).
- 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. - 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.
4 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.
5 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. - 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.
6Figure 1. Canada Nano-enabled Packaging for Food
and Beverage Market Opportunity Analysis
7 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.
8- Figure 2. Canada Nano-enabled Packaging for Food
and Beverage Market Share () in terms of Value,
By Application, in 2019
9- On the basis of application in 2019, the prepared
foods segment has accounted the largest market
share of 21.1 in terms of value, followed by
beverages and dairy products respectively. - 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.
10- 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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market-insight/canada-nano-enabled-packaging-for-f
ood-and-beverage-market-3890
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