Global nano-enabled packaging market to reach US$15.0 billion by 2020
Persistence Market Research (persistencemarketresearch.com) has released a new report about the global nano-enabled packaging market. The report, titled ‘Global Market Study on Nano-Enabled Packaging For Food and Beverages: Intelligent Packaging to Witness Highest Growth by 2020’, predicts that the nano-enabled packaging market will enjoy a healthy CAGR of 12.7% during the report’s forecast period of 2014-2020, and will expand from its 2013 market value of US$6.5 billion to US$15 billion in 2020.
The report analyzes the global nano-enabled packaging market according to three criteria. According to the type of technology, the nano-enabled packaging market is divided into two categories: active packaging and intelligent packaging. The former has a larger 2013 market share but the latter is expected to enjoy a higher growth rate due to the increasing demand for fresh foods and higher number of legislative restrictions on active packaging.