Coherent Market Insights have included a latest addition of global market research report titled Canada Nano-enabled Packaging for Food and Beverage Market to its expansive repository. The report studies primary and secondary research in order to analyze the data effectively. The market study further also draws attention to crucial industry factors such as global clients, potential customers, and sellers, which instigates positive company growth. In order to gauge turning point of the businesses, significant market key players are also enlisted in order to deliver readers with in-depth analysis about industry strategies.
Market Dynamics:
The growing need for food products with longer shelf-life is driving the growth of the Canada nano-enabled packaging for food and beverage market. Moreover, the rising need for eliminating waste and conventional packaging materials as they are incapable of increasing shelf-life of the food product which leads to food wastage is also fostering the growth of the market. The rising prevalence of various food-borne diseases is creating the need for reducing food contamination especially during transportation is further anticipated to accelerate the growth of Canada nano-enabled packaging for food and beverage market. For instance, Health Canada and the Public Health Agency of Canada estimate that between 11 and 13 million Canadians suffer from illnesses caused by foodborne bacteria every year.
The nano-enabled packaging for the food and beverage industry has been successful in meeting these demands. These new advanced packaging can be customized to meet the needs and requirements of consumers, as well as provide better and effective distribution and packaging systems to the industries. As more companies adopt this novel and advanced technology for their business, increasing demand for nano-enabled packaging for food and beverage is expected in the market.
Competitive Landscape:
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.
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Growing consumer spending on the packaged food product such as bakery products are again anticipated to stimulate the growth of the market. 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 market growth.
The increasing focus of the government of Canada to improve the agriculture sector in the country will also favor the growth of the market. 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.
Increasing demand for packaged food or processed food is expected to provide lucrative growth opportunities to the market. For instance, in March 2020, Campbell Soup Company (a U.S.-based food processing company) increased its soup production in response to increasing demand for canned soup in the U.S. However, consumers are avoiding fresh produce products such as dairy and meat, owing to an increased likelihood of multiple human touchpoints before reaching the shelves.
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
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Important Features that are under Offering and Key Highlights of the Reports:
– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
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✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.
✤ Examine the potential and advantages of the global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.
✤ Determine whether market growth is being driven or hampered by trends and factors.
✤ Stakeholders will be able to assess market potential by identifying high-growth categories.
✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.
✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.
✤ To develop a strategic profile of the major players and conduct a thorough analysis of their growth strategies.
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✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will grow the fastest over the next few years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are businesses employing to gain market share?
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