Silver Nanoparticles Market growth will be driven by rising preference for packaged food and proliferating demand for ready-to-eat products. It is estimated that the food & beverage application segment will contribute over USD 300 million towards silver nanoparticles market share by 2024.
Increased health and safety concerns as well as the constant need to eradicate disease spreading bacteria, microbes, and viruses are likely to reinforce the demand for the silver nanoparticles across the packaging sector.
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The rising adoption of this material due to its outstanding features such as anti-bacterial, anti-fungal and anti-virus nature across the food and beverage sector is due to improved shelf life of food and protection against the foodborne diseases. The urgent need to control the occurrence of several foodborne diseases will certainly favor silver nanoparticles market forecast considerably.
The silver nanoparticles market is projected to depict a market size of 3 billion by 2024. with an anticipated CAGR of 13%. Added by Global Market Insights, Inc., the document consists of substantial information on the market scenario, industry strategies, evolving technologies, market competitors, growth opportunities, and market segmentation.
According to the document, the application landscape of silver nanoparticles market is segmented into Healthcare & Lifesciences, Textiles, Electronics & IT, Food & Beverage. The report delivers details on the drivers boosting every application, anticipated segment valuation, current and expected market share, individual growth rates, and more.
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In terms of geographical landscape, Asia Pacific silver nanoparticles market is expected to witness substantial growth over the estimated period. Owing to the widespread presence of prominent OLED, LED, and mobile phone players, China silver nanoparticle market will witness substantial development in the coming years.
Favorable policies and stringent regulations of the regional government has also enabled the proliferation of food processing companies. In addition, rising consumer health awareness and escalating requirement for contamination free water solutions in emerging countries including India, China, and Japan will positively propel silver nanoparticles market outlook.
Top companies in the silver nanoparticles market are American Elements, Ames Goldsmith Corporation, ANP Corporation, Applied Nanotech, BASF, BBI Solutions, Cima NanoTech, Cline Scientific Ab, Meliorum Technologies, Inc., NanoComposix, Nanocs lnc, NanoHorizons, Nanoshel LLC.
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