Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Nano-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.

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.

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. 

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

Canada Nano-enabled Packaging for Food and Beverage  | Coherent Market Insights

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 CAD$17.6 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.

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

Canada Nano-enabled Packaging for Food and Beverage  | Coherent Market Insights

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.

Competitive Section:

Company Names 

  1. 3M Company
  2. Amcor Limited
  3. BASF SE
  4. Crown Holdings Incorporated
  5. E. I. du Pont de Nemours and Company–DuPont
  6. Honeywell International, Inc.
  7. Bemis Company, Inc.
  8. Sealed Air Corp.
  9. Multisorb Technologies, Inc.
  10. AMCOL International Corporation – Nanocor Inc.

Nano-enabled packaging is a next-generation packaging solution that improves the shelf-life of food products. It also reduces the risk of contamination and is produced by using two components: nanofillers and nanocomposite. Nano-enabled packaging also enhances attributes of food products such as taste, color, texture, fragrance, and consistency. Moreover, nano-enabled packaging solutions also reduce the risk of damages and contamination during transportation.

Market Dynamics

Changing consumer lifestyle coupled with the increasing disposable income of the consumer is expected to fuel the market growth of the Canada nano-enabled packaging. Growing awareness among consumer regarding health wellness is augmenting the adoption of a healthy lifestyle and consumption of healthy food in a proper packaging solution. Moreover, the busy lifestyle of the consumer in the country is further anticipated to augment the market growth of the Canada nano-enabled packaging.

The growing application of nano-based packaging solutions in the beverages is expected to be a major trend in the market. Manufacturer in the region is rapidly adopting nano-based packaging that incorporates oxygen scavenger nano-particles for beverages such as carbonated drinks in order to maintain the consistency of the beverage. Moreover, nano-based packaging solutions also preserve the texture and flavor of the beverage for a longer period.

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.

Key features of the study:

  • This report provides in-depth analysis of Canada nano-enabled packaging for food and beverage market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on Canada nano-enabled packaging for food and beverage market.
  • It profiles leading players in the Canada nano-enabled packaging for food and beverage market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes, Closure Systems International, Inc., Silgan Plastic Closure Solutions, Bericap GmbH and Co KG, Global Closure Systems, AptarGroup, Inc., Berry Plastics Group, Inc., Amcor Limited, O.Berk Company, LLC, Blackhawk Molding Co. Inc., and Tecnocap S.p.A.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
  • The Canada nano-enabled packaging for food and beverage market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Canada nano-enabled packaging for food and beverage market

Detailed Segmentation:

  • Canada Nano-enabled Packaging for Food and Beverage Market, By Application:
    • Bakery Products
    • Beverages
    • Dairy
    • Fruit and Vegetables
    • Meat Products
    • Prepared Foods
    • Others
  • Canada Nano-enabled Packaging for Food and Beverage Market, By Technology:
    • Active Packaging
    • Controlled Packaging
    • Intelligent Packaging
  • Company Profiles
    • 3M Company *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Amcor Limited
    • BASF SE
    • Crown Holdings Incorporated
    • E. I. du Pont de Nemours and Company–DuPont
    • Honeywell International, Inc.
    • Bemis Company, Inc.
    • Sealed Air Corp.
    • Multisorb Technologies, Inc.
    • AMCOL International Corporation – Nanocor Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Technology
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Canada Nano-enabled Packaging for Food and Beverage Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Change in Consumer Spending Pattern – Nano-enabled Packaging, By Application
      • Bakery Products
      • Beverages
      • Dairy
      • Fruit and Vegetables
      • Meat Products
      • Prepared Foods
      •  
      •  
  5. Canada Nano-enabled Packaging for Food and Beverage Market, By Application, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Bakery Products
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
    • Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
    • Dairy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
    • Fruit and Vegetables
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
    • Meat Products
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
    • Prepared Foods
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
  6. Canada Nano-enabled Packaging for Food and Beverage Market, By Technology, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Active Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
    • Controlled Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
    • Intelligent Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • 3M Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Amcor Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Crown Holdings Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • E. I. du Pont de Nemours and Company–DuPont
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Honeywell International, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Bemis Company, Inc.  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sealed Air Corp. 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Multisorb Technologies, Inc. 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • AMCOL International Corporation – Nanocor Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for Canada nano-enabled packaging for food and beverage is estimated to surpass US$ 911.9 million by 2027, exhibiting a CAGR of 8.3% between 2020 and 2027.
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.
The nano-enabled packaging for food and beverage market is expected to exhibit a CAGR of 8.3% during the forecast period (2020-2027).
Major players operating in the Canada nano-enabled packaging for food and beverage market include 3M Company, Amcor Limited, BASF SE, Crown Holdings Incorporated, E. I. du Pont de Nemours and Company–DuPont, Honeywell International, Inc., Bemis Company, Inc., Sealed Air Corp., Multisorb Technologies, Inc., and AMCOL International Corporation – Nanocor Inc.
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.
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 CAD$17.6 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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