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Edible Packaging Market Overview
Edible packaging is also useful in cargo packaging due to its high tensile strength. Edible packaging is a sheet of edible coating, which is layered with a food ingredient. Hence, anyone can eat the food with its package. It increases the shelf life of the product due to its high barrier resistance. Major players in the market spend more on packaging innovation rather than on production cost and come up with various advancements in technology such as the introduction of nanotechnology in packaging as well as the addition of healthy proteins in the edible food packaging are expected to provide numerous opportunities to the edible packaging market. This also has a positive influence on the growth of the market. Additionally, edible packaging helps in reducing waste, creates product stability, and provides safety to the product. However, high regulatory requirements, as well as high cost of the edible packaging, are the major factor that may hinder the market growth.
Global edible packaging market is projected to grow at a CAGR of 6.2% during the forecast period.
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On the basis of the material, the market has been segmented into polysaccharides, lipid, protein films, and others. The lipid-based edible packaging dominates the material segment of the market. Lipid-based edible films are used in fresh and processed food products, minimally processed fruits and vegetables, active packaging, and edible packaging. Protein film is expected to be the fastest growing material segment.
Key Players
The prominent players in the edible packaging market include –
WikiCell Designs Inc. (U.S.)
Tate & Lyle Plc. (U.K.)
Safetraces Inc. (U.S.)
JRF Technology LLC (U.S.)
Tipa Corp (Israel)
MonoSol LLC (U.S.)
Watson Inc. (U.S.)
Devro plc (U.K.)
Interpack (U.S.)
Evoware (Indonesia)
Coveris Holdigs (U.S.)
Dupont de Nemours and Company (U.S.)
Ingredion Inc (U.S.)
Nagase & Co. Ltd. (Japan)
Pace International LLC (U.S.)
Regional Analysis
The global edible packaging market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North American region dominates the global edible packaging market owing to high demand for the packaged food in the region. As the number of working population is significantly increasing, the demand for the processed food is also growing rapidly. The demand for meat, poultry & seafood packaging in the region is also expected to be driven owing to factors such as demographic shifts and increase in the global population. The U.S. accounted for the largest share in North America. Continuously growing pharmaceuticals market in the North American region have a positive influence on the growth of the market.
Asia Pacific region is expected to register growth in the demand for edible packaging owing to increasing urban population and disposable and rising standard of living. China, Japan, India, Australia, and Indonesia are the major markets in Asia Pacific region. China accounts for the largest share of the Asia Pacific market mainly due to rapid growth in the urbanization and industrial development.
Europe is another major market in the global edible packaging market. Countries like Germany, France, and U.K. spend on healthcare. Rising consumer demand for preventive health and increased spending by the government on healthcare are some of the factors driving the growth of the market. With rising demand from the e-commerce sector, South America and the Middle East & African regions are also expected to show a positive growth over the forecast period.
Scope of the Report
This study provides an overview of the global market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Edible Packaging market by its technology, product, end user, and region.
By Material
Polysaccharides
Lipid
Protein Films
Others
By Application
Food & Beverage
Pharmaceutical
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Website: https://www.marketresearchfuture.com/reports/edible-packaging-market-5435
Release ID: 525903
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