The global nanotechnologypackaging market size was valued at USD 22.83 billion in 2022. The market is anticipated to expandfrom USD 26.13 billion in 2023 to USD 73.10 billion in 2030, exhibiting a CAGR of 15.83 % over theestimated period.
Nanotechnology-based packaging, often referredto as nano packaging, is a specialized field of packaging technology that
utilizes nanomaterials and nanoscale engineering techniques to develop
packaging solutions with unique and advanced characteristics. The market is
expected to gain grip due to an increasing focus on sustainable packaging
solutions to reduce waste and enhance recyclability.
Fortune Business Insights™ provides this information in its researchreport, titled “Nanotechnology PackagingMarket, 2023-2030”.
COVID-19 Impact:
Increased Demand for Products with AntimicrobialProperties Propelled Market Growth
The pandemic highlighted the critical need forpackaging with resilient antimicrobial properties. Consumers and industries
sought packaging solutions that could help reduce the risk of bacterial and
viral contamination, thus creating a self-cleaning effect. This increased
awareness drove the demand for nanotechnology packaging amid COVID-19 pandemic.
Segmentation:
Improved Packaging Segment to DominateDue to Widespread Adoption of Nanocoating
In terms of packaging type, the market isdivided into smart or intelligent packaging, improved packaging, and active
packaging. The improved packaging segment is poised to lead the nanotechnology
packaging sector. This is driven by its ability to provide effective barriers
against mass transfer with thin nanomaterial layers.
Report Coverage:
Thereport gives a comprehensive analysis of the leading factors favoring the
industry growth over the coming years. It focuses on key aspects such as producttype, modality, and leading companies. Thereport further provides insight into the major trends boosting the global
business scenario. The impact of the COVID-19 pandemic on market growth is also
included in the report.
Drivers andRestraints:
Surging Popularity for Nanocomposites inPackaging to Spur Market Growth
The ability of nanocomposites to incorporatenanoscale features into packaging materials has led to the development of
enhanced packaging solutions. These solutions have improved the mechanical and
barrier properties of polymers, making packaging more effective in preserving
the quality and freshness of products, which, in turn, drives market growth.
