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According to the latest Market research report on the Nanotechnology Market, published by IndustryARC, the Nanotools segment is estimated to experience the fastest CAGR of 18.63% during the forecast period of 2023-2028. In recent years, nanotechnology has grown significantly, and the development of specialized nanotools and nanomaterials has found intriguing uses in both the food and agricultural industries. In order to increase their economic potential, the majority of the examined nanotechnological techniques initially sought to address developing issues in the agri-food sector.
The Nanotechnology Market research report is segmented By Type (Nanocomposites, Nanomaterials, Nanodevices, Nanotools, Others), By Application (Medicine and Healthcare Diagnosis, Environment, Energy, ICT, Nano-EHS), By End Use Industry (Electronics and Semiconductor, Biotechnology, Cosmetics, Pharmaceuticals, Textile, Military, Healthcare, Food and Agriculture, Automobile, Telecom, and Information Technology, Aerospace, Others) and By Geography, which provides a comprehensive analysis of the global Market & industry forecast (2023 – 2028).
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APAC Anticipated to Show the Fastest Growth in the Market:
APAC held the largest market share in nanotechnology. APAC nanotechnology market growth has mainly driven the factors such as the increasing demand for nanomaterials for a wide range of applications in major industries such as agriculture, pharmaceuticals, electronics & semiconductors, and healthcare among others. Several organizations are making investments in the market for nanotechnology and its new applications in APAC. For instance, researchers from Osaka University and collaborators from Kyoto University, The University of Tokyo, and Waseda University built integrated gene logic chips known as gene nanochips in 2018. These self-contained nanochips use built-in components on the nanochips to turn genes on and off inside a single chip, eliminating accidental crosstalk.
Nanotechnology Market 2023-2028: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2028 |
|
CAGR |
14.10% |
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Market Size in 2028 |
$189.39 billion |
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Segments Covered |
Type, Application, End-Use Industry, and Region |
|
Geographies Covered |
North America (the US, Canada, and Mexico), South America (Brazil, Argentina, Colombia, Chile, Peru, and the Rest of South America) Europe (Germany, France, the UK, Italy, Netherlands, Belgium, Switzerland, Russia, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Taiwan, and the Rest of Asia-Pacific), Rest of World (Iran, Saudi Arabia, Egypt, Israel, Others) |
|
Key Market Players |
1. 3M Company 2. Sanofi S.A. 3. BASF SE 4. GBneuhaus GmbH 5. Nano-C Inc. 6. Cnano Technologies Ltd. 7. Onex Global Nanotechnologies S.A. 8. Zyvex Corporation 9. Covestro AG 10. Luminex Corporation |
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Nanotechnology Market Report – Key Takeaways:
The newest development in nanotechnology in the food industry is intelligent and smart packaging. In December 2021, scientists from India’s National Institute of Technology (NIT) proved that food packaging materials can be created utilizing nanotechnology to increase shelf life, maintain quality, and retain the flavor and color of packaged food components. In addition, the researchers discussed eco-friendly methods for correctly classifying food items and securely discarding them. Concerns about nanoparticles’ impact on food safety were also investigated.
The usage of nanocircuits in electronics and computers to make them quicker is increasing, which has an impact on the market’s expansion. For instance, a group of researchers from the Universities of California at Davis, Berkeley, and Lawrence Livermore National Laboratory created lipid-coated nanocircuits that may be utilized to create new types of biosensing devices. Additionally, it is employed to give biological applications, such as thorough blood-chemistry experiments that serve as drug discovery screening tools.
Since nanotechnology allows for real-time research and interaction with cells at the molecular and cellular dimensions and the early detection of illness, the demand for it is rising in the medical device industry. Johns Hopkins University researchers developed Theragripper in November 2020. The ideal method for pediatric patients and localized therapy, this nanotechnology gadget is made to function correctly in any area of the gastrointestinal system. A novel revolutionary nanotechnology gadget that can constantly distribute pharmaceuticals while within a person’s body is also receiving significant investment from Big Pharma corporations. Such investments result in the creation of nanotechnology-based medical equipment, which will further accelerate the expansion of the nanotechnology industry.
Applications for nanotechnology in the semiconductor industry are numerous. The production of artificial intelligence chips, which can be utilized in several applications like smartphones for facial recognition, voice commands, and image processing, is one of the current advances in semiconductors that has increased the need for more semiconductors. The world’s largest supplier of semiconductors and electronics is thought to be China. The domestic use of consumer electronics goods and the collection of consumer electronics for export are the primary factors driving the expansion of the semiconductor industry in China.
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Key Opportunity Analysis:
Recently, greater attention has been paid to the concept of combining live plants with nanomaterials to improve their natural functions and provide them with non-natural ones. This strategy, known as “plant nano bionics,” made it possible to create plants that grow quickly and was a key element in the creation of artificial photosynthetic systems. Nanomaterials like titanium oxide nanoparticles enhance photosynthesis by enhancing water conductivity, transpiration rate, and plant leaf light absorption. Additionally, nanotechnology has a significant impact on improving the sustainability of agriculture by enabling the development of so-called smart fertilizer, in which nanostructures serve as nutrient transporters and enable the regulated release of nutrients. On nutrient release and harm reduction, intelligent fertilizer has a significant impact.
In the contemporary food and pharmaceutical industries, packaging is crucial. Pharmaceutical and food packaging quality may be improved by the innovative use of nanotechnology in packaging. Packages with increased thermal, mechanical, and safety characteristics are available thanks to nanotechnology. Additionally, consumers are informed when a product has expired thanks to nanosensors included in nano packaging systems. Nanoparticles including titanium dioxide, magnesium oxide, zinc oxide, silver nanoparticles, carbon nanotubes, fullerene derivatives, and zerovalent iron have demonstrated significant antibacterial effects when added to the packaging. As a result, it delivers better quality and a longer shelf life.
Using a color-changing sensor strip, sophisticated nano-packaging uses an integrated electronic tongue with a collection of nanosensors that are especially sensitive to gasses emitted from food waste to provide a clear and visual indication indicating whether the product is fresh or not. Nano packages develop unique qualities, such as the ability to eliminate bacteria found in dietary ingredients. The shelf life of food is extended by nanoparticles by protecting it from lipids, gases, and moisture. They offer improved bioactive material delivery systems. Due to these benefits, it is thus projected that nano packaging will attract a range of investments in the next years, which will have an impact on the growth of the nanotechnology sector.
One of the most well-known nanomaterials is graphene, which is made up of carbon atoms organized in a hexagonal or honeycomb grid. Many goods using graphene are currently on the market due to its recent spike in popularity. Everything from clothing to road surfaces, vehicle parts, aerospace coatings, bike frames, and everything in between is covered by this. Although graphene has found extensive commercial application in a variety of low-tech items, there is anticipated to be a shift in the next several years toward its employment in higher-tech goods including batteries and electrical parts, display screens, and numerous other types of sensors.
Quantum dots are another illustration of a rising product and market. They were seldom ever used in commercial applications for a long time, but their use in commercial products has recently seen growth. They are capable of being employed in high-tech imaging applications, but they have also found extensive usage in anti-counterfeiting coatings for various packaging items. Due to these advantages, quantum dots and graphene are anticipated to attract a variety of investments in the next years, which will affect the growth of the nanotechnology market.
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The Report also Covers the Following Areas:
Nanotechnology Market 2022-2028: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Top Companies in the Nanotechnology Market:
The Global Nanotechnology Market is highly concentrated as the majority share is held by the leading Nanotechnology providers. The key companies profiled are listed below:
Related Reports:
Nanotechnology Drug Delivery Market – Nanotechnology Drug Delivery market is projected to grow at a CAGR of 10.2% by 2028. Due to the rising of chronic diseases, there is a demand for the nanotechnology drug delivery market.
Agricultural Nanotechnology Market – Agricultural Nanotechnology market is projected to grow at an estimated CAGR of 13.68% by 2028. The agriculture industry greatly benefits from nanotechnology-based equipment. They provide early disease detection, molecular disease therapy, and increased plant nutrient uptake, all of which contribute to increased market growth for agricultural nanotechnology.
Nanomaterials Market– Nanomaterials market is projected to grow at a CAGR of 13.6% by 2028. The medical and healthcare sectors are driving the development of nanomaterials and nanotechnology. Due to their tiny size and mobility, nanomaterials are used in this business. It is effectively employed in magnetic resonance imaging, biological imaging, and medication delivery.
Nano chemicals Market – Nano chemicals market is projected to grow at a CAGR of 14.31% by 2028. Nano chemical usage has decreased linked environmental and health risks, which is good for market expansion. Carbon nanotubes are the most widely utilized nano chemical and are widely employed in applications including the production of stronger materials. Additionally, expanding the use of these substances in the production of agrochemicals, cosmetics, and armor with greater durability is boosting the demand for nano chemicals.
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