The report “Edible Packaging Market by material type (Polysaccharides, Lipid, Surfactant, Protein Films, Composite Films, and Others), by end-user (Food & Beverages, Fresh Food, Cakes & Confectionery, Baby Food, Dairy Products, Pharmaceuticals, and Others), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Edible Packaging Market was valued at US$ 527 Mn in 2019 and is expected to reach US$ 761 Mn by 2027, at a CAGR of 4.7 % during a forecast period.
Global edible packaging market is driven by the increased awareness regarding the quality of edible packaging solutions such as improved shelf life of products. The rise in the consumption of processed food among consumers across the globe, which is boosting the market growth in a positive way. Rising technological advancements in packaging solutions are also fueling market growth across the globe.
Growing awareness regarding benefits of editable packaging such as it provides helps in reducing waste coupled with rising concerns regarding product safety, which is expected to drive the global edible packaging market growth in the forecast period. However, the high cost of packaging solution is expected to hamper the market growth during the forecast period.
The lipid segment is leading the Edible Packaging Market.
The lipid segment is expected to hold the largest share in the global editable packaging market during the forecast period as it is an excellent barrier of oxygen and water vapor and prevents the food products from contamination. Protein film segment is also anticipated to fuel the global editable packaging market growth in the forecast period. Protein film has features such as high immunity and proper functioning of the human body coupled with improvement in energy levels in humans, which is propelling the market growth in a positive way.
The food & beverages segment is leading the Edible Packaging Market.
The food & beverages is expected to hold the largest share in the global edible packaging market during the forecast period due to growing consumption of packed products coupled with rising living standards of the consumers across the globe. Moreover, the, which is estimated to fuel the global edible packaging market growth in the forecast period. Pharmaceutical segment is expected to drive the global edible packaging market growth in the forecast period owing to the rising expansion of this industry across the globe.
North America is the leading regional market for Edible Packaging Market.
North America is estimated to hold the largest share in the global edible packaging market during the forecast period as increased demand for the packaged food products among consumers in this region. The US is estimated to drive the market growth in the near future owing to the large consumer base in this country. The Asia Pacific is projected to generate the highest CAGR in the global edible packaging market during the forecast period owing to rising globalization and industrialization in developing countries such as India and China. The growth in disposable income of the consumers, which is influencing the living standards of the population is driving the market growth in this region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Nagase & Co. Ltd., Pace International LLC, WikiCell Designs Inc., MonoSol LLC, Tipa Corp., Watson Inc., Devro plc., Tate & Lyle Plc., JRF Technology LLC, Safetraces, Inc., BluWrap, Skipping Rocks Lab, Interpack, Evoware, Coveris Holdigs, Dupont de Nemours and Company, and Ingredion Inc.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on” Edible Packaging Market”.
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