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Micro Packaging - An Evolving Packaging Technology

Micro Packaging - An Evolving Packaging Technology: Global Analysis

  • March 2016
  • 60 pages
  • ID: 3693825
In this report:
The nano-enabled food and beverage packaging market accounted for ##% of the market in 2014 and is expected to grow at a CAGR of ##.##% during the forecast period.
Micro packaging is expected to grow at a rapid pace in the pharmaceutical packaging industry owing to the fact that nano-enabled pharmaceutical packaging has occupied the highest market share of ##% in 2014 and is projected to grow at a CAGR of ##.##% during the forecast period.

Summary

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"Micro packaging is anticipated to gain high market share in the pharmaceutical packaging market"

Micro packaging, developed on the platform of nano technology, is poised to have a strong impact on pharmaceutical packaging owing to its ability to improve stability and shelf life of medicines. The advent of new drug delivery systems and the development of new biochemical compounds have generated the need for improved protection against Elements such as moisture, light, oxygen and mechanical forces. Micro packaging includes addition of certain nanoparticles into shaped objects and films so as to render them light and fire-resistant and enhance mechanical and thermal performance, as well as reduce permeability to gases. Micro packaging, with incorporation of nano-engineered materials including nano coatings and nanocomposite-based packaging films, controls microbial increase, delays oxidation, improves tamper visibility and anti-counterfeiting, thereby ensures the drug safety for longer durations.

"The food & beverages industry to witness great advances in the packaging market with the launch of micro packaging"

The food and beverages sector possess high potential and increase opportunities for micro packaging technology. Fast growth in the industry demand for sustainable production, growing competition, and rise in health concerns have led the food and beverage market to march on the path of innovation. Micro packaging, by utilizing nano materials in food, presents potential benefits including improved bio-availability, antimicrobial effects, enhanced sensory acceptance and targeted delivery of bioactive compounds. Futhermore, with nanoscale innovations in the form of barrier and mechanical properties, detection of pathogens, and smart and active packaging with food safety and quality benefits, micro packaging has taken an incremental leap forward in the food and beverage sector.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative info as well as assess future industry prospects. Distribution of primary interviews is like

1 By Company Type: Tier 1 60.0 percent, Tier2 - 27.0 percent, and 1/3 3 - 13.0 percent

2 By Designation: C-Level - 50.0 percent, Director Level - 30.0 percent, and Others*-20%

3 By Region: North america (NA): 30.0 percent; Europe: 15.0 percent; Asia-Pacific: 20.0 percent; RoW: 35.0 percent

Note: *Others contain sales managers, marketing managers, and product managers

The 1/3 of the companies, the tiers of the corporations is defined on the basis of their final revenue, as of 2013: Tier 1 = >USD 10 billion, Tier 2 = $1.0B to $10.0B and Tier 3 =

The micro packaging market exhibits substantial progress due to fast industrialization and urbanization. This industry is going through continuous variations with regard to technological upgradation and economic factors. The micro packaging market is significantly affected by a trend where eco-conscious consumers prefer to the packaging with the use of biodegradable, recycled, or non-petroleum-based materials that reduce the amount of waste. This has pushed the top players to invest extensively for R&D initiatives that enable micro packaging. New developments including Bayer Cropscience AG, the chemical and pharmaceutical company produced a transparent film called durethan which contains nanoparticles of clay that offer a combination of properties which include high strength and toughness, abrasion resistance, chemical resistance, and resistance to cracking.

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. The market research benefits partners to comprehend the pulse of the sector and offers them information on sector trends and alternatives

2. This industry report will facilitate partners to better find out the regulatory framework affecting the adoption of micro packaging, and its impact on the existing market

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