CANADA NANO ENABLED PACKAGING FOR FOOD AND BEVERAGES MARKET ANALYSIS

Market Challenges And Opportunities

Canada Nano Enabled Packaging for Food and Beverages Market: Drivers

Increasing demand for longer shelf-life

Growing demand for longer shelf-life of the food product is expected to propel the market growth of nano-enabled packaging. The rising need for eliminating waste and conventional packaging materials is ineffective in increasing the shelf-life of the food product thus leading to wastage of food is also raising demand for 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.

Food contamination and non-compliance with regulations

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.

Canada Nano Enabled Packaging for Food and Beverages Market: Restraints

Lack of proper knowledge and higher cost of nano packaging

High costs of nano-packaging are leading to an overall increase in 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 the 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 Opportunity

Adoption of nano enabled packaging in dairy products

Increasing adoption of active-based packaging in dairy products 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 solutions to manufacturers in order to enhance their product offerings in the competitive market.

Rising consumer purchases of bakery products

Increasing spending of consumers on packaged food products such as bakery products is estimated to offer lucrative growth opportunities to the market of Canada nano-enabled packaging. According to the Government of Canada, Canada ranked as the twelfth-largest retail market for baked goods in 2021, with US$ 6.6 billion in total sales. With US$ 2.6 billion in sales in 2021, Canada came in third place in the market for health and wellness (HW) baked goods. Thus, the growing demand for packaged food is expected to propel the market growth.