In the Asia-Pacific (APAC) region, major economies like China, Japan and South Korea contribute to about 25% of the world’s food waste while other South and Southeast Asian regions together account for 22% of the world’s food waste. Against this backdrop, the packaging and end-product suppliers are planning to address these food losses and waste by using nano-technology to extend the shelf life of food products, says Global Data, a leading data and analytics company.
According to GlobalData, the sustainable development goals call for halving per capita global food waste at retail and consumer levels by 2030, as well as reducing food losses along the production and supply chains. The APAC is the largest consumer of packaged food with a recorded volume of 372.03 billion kilograms in 2019.
The market for packaged food in the APAC is expected to see a short term decline given the uncertainty in the consumption patterns owing to Covid-19, which has resulted in production capacity and lead times constraints. Moving past the pandemic, resurgence is expected in the consumption of packaged food products in the region primarily owing to the increasing population, which is estimated to reach nearly 10 billion by 2050.
Minimizing food loss and waste, and economic utilization of resources will be the major challenges that packaging and end-product suppliers will be tasked with. Nano-technology based packaging materials can extend the shelf life of food products further by acting as a more protective barrier against environmental factors.”
Albin George, Senior Consumer Analyst at GlobalData
A major challenge in tackling food loss and waste is the effective use of food resources by enabling transportation to regions with food-scarcity. This, however, is not possible due to the low shelf-life of majority of food items, which is what manufactures/packaging suppliers are aiming to address by using nano-technology.
Nano-tech enabled packaging can help companies in reducing permeability to oxygen and water vapor, and provide a better protective barrier against other environmental factors, consequently extending shelf lives even further. Intelligent packaging will also aid in tracking other key attributes of the food contents such as packaging integrity, temperature, or expiration date, during shipping and storage.
Food packaging is a more evolved field of nanotechnology application, which is evident through increasing demand of such technology-based solutions, where brands like NanoMax, Polyone, and Valentis are steadily gaining foothold.”