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However, everyone agrees that nanotechnology is going to be huge. There are currently over 600 products that incorporate these infinitesimal particles, including sunscreen, stain resistant pants, food storage containers, and nutritional supplements. 3 or 4 more are launched every week. Global nanotechnology sales were roughly $150 million last year, and the National Science Foundation projects they will top $1 trillion within six years. Others’ estimates are even higher.
Because the new technology has emerged so rapidly, policy has not kept pace with progress. The US has no specific nanotechnology regulations or labeling requirements. A fierce debate is raging about what is needed to ensure consumer and environmental safety, without stifling innovation.
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