Bio-nanocomposites in packaging: Business model for products' commercialisation

Abstract

The business potential of nanotechnology is expected to alleviate global social challenges as this emerging technology is expected to serve as an important driving force in modernistic agriculture for sustainable food production. Nanotechnology has the prospect to transform the packaging system of the food industry through improved packaging methods for better food quality and customer satisfaction. However, the difficulty lies in commercialising these inventions to put them to use. Notwithstanding the potential risks associated with nanotechnology-based products, this chapter explores the essential elements for the successful commercialisation of engineered nanomaterials. It focuses on bridging the link between the innovation, development and markets in the commercialisation of food packaging products from bio-nanocomposites. Critical factors that could be considered in the management decision-making for the commercialisation of bio-nanocomposite applications were identified. It is expected that, within a global market, a thorough understanding and adoption of these identified factors for successful commercialisation of active packaging technologies will yield systembased solution.