The creation of an impermeable layer of just few millimeters thick by using nano-particles is known as micro packaging. The flexibility, isolation, and cost effectiveness provided by this technique makes it an appealing packaging technique. Micro packaging has been employed in food, beverages, and pharmaceutical industries. The leaking of oxygen into the package results in increased rate of oxidation, which will reduce the shelf life of the product. Also, contamination from dust and pathogens will affect food quality. An alternative to micro packaging is coating of metal or glass on the packaging, but this will result in reduced flexibility.
The major drivers are the advantages of food, beverages, and pharmaceuticals lasting longer, coupled with remaining free from any contamination. The major challenges are leaching of nano-particles into the food stream. Investment in R&D is required to examine effects of nano-particles on human health. Also, expensive manufacturing technology and lack of technical know-how has hindered the market growth.
Micro Packaging Market Taxonomy
On basis of Packaging function, the Micro packaging market is segmented into:
On basis of packaging type, the Micro packaging market is segmented into:
On basis of end user industry, the Micro packaging market is segmented into:
Primary packaging is the layer, which is in contact with the product. Its function is to provide protection to the product from external factors and isolate it from the environment. Any subsequent packaging layers can be installed after this layer. The secondary packaging’s use is to protect the primary packaging layer and also serve branding, promotion, and logistical purposes. Any additional packaging is also called tertiary packaging.
The pharmaceutical industry is expected to be the largest driver of the micro packaging market in both packaging and drug delivery applications. Increased shelf life of medicines has fueled the use of micro packaging.
Micro Packaging Market Outlook
The European Union (EU) in 2017 awarded the NanoPack consortium US$ 8.8 million (€7.7 million) to develop anti-microbial surfaces to improve shelf life of products. The consortium was led by Technion-Israel Institute of Technology and has seventeen more partner organizations.
Major players in the micro packaging market are Alcoa Inc, Amcor, Bemis, Beijing ChamGo Nano-tech Co. Ltd, Color Matrix Corporation, Honeywell, InMat.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to: