Edible Packaging Market Global Industry Analysis, Development, Opportunities, Future Growth and Business Prospects by Forecast To 2027

 According to Market Research Future (MRFR), the Global Edible Packaging Market is projected to witness significant growth by 2027, registering an impressive CAGR during the forecast period (2020-2027). Factors substantiating the market growth include rising population and improving economic conditions that increase consumer’s purchasing power.

Additionally, the rapidly growing pharmaceutical and food & beverages sectors worldwide contribute to the overall market growth. Restricted use of plastic packaging material has become the major reason for the rising demand for edible packaging. Simultaneously, government initiatives for promoting eco-friendly packaging materials provide a huge impetus to market growth.

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Brands and manufacturers confront endless choices and tradeoffs when it comes to food packaging. Rising demand for more sustainable packaging solutions that look the most natural and have less plastic and less material overall influences the market growth.

From a packaging perspective, the assessment of sustainability becomes more complex for food contents. Furthermore, plastic packaging, one of the biggest sources of greenhouse gas emissions when mismanaged and wasted, creates substantial market demand.

Global Edible Packaging Market – Geographical Analysis 

North America dominates the global edible packaging market. The largest market share attributes to the higher disposable income, driving significant demand for efficient packaging of meat, poultry, and seafood. Furthermore, the burgeoning e-commerce industry fueled by the increasing cross-border trade and huge demand for online shopping boost the edible packaging market size. 

Europe is another promising market for edible packaging. Changing lifestyles and the increasing demand for bioactive packaging materials for meat, poultry, and seafood packaging in the region are major edible packaging market trends. Moreover, the emergence of inexpensive & eco-friendly packaging technologies substantiates the edible packaging market growth.

The Asia Pacific edible packaging market accounts for a substantial share. Factors such as rapidly spreading awareness about the growing environmental concerns and adverse effects of plastic packaging drive the market growth. Besides, huge exports of pharmaceuticals and food & beverages from China and India foster the region’s edible packaging market share.

Global Edible Packaging Market – Segments

The MRFR analysis is segmented into materials, applications, and regions. The material segment is sub-segmented into lipid, polysaccharides, protein films, and others. Among these, the lipid segment accounts for the largest market share, witnessing extensive uses of neutral glycerin lipids acting as a barrier against oxygen, water vapors and protecting the food from getting contaminated.

However, the protein film segment is expected to grow at the highest CAGR during the forecast period. The application segment is sub-segmented into pharmaceuticals, food beverages, and other industries. By regions, the market is sub-segmented into Americas, Asia Pacific, Europe, and rest-of-the-world.

Global Edible Packaging Market – Competitive Analysis 

The highly competitive edible packaging market appears fragmented due to several big & small market players forming a competitive landscape. Key players are adopting the strategic trends of business expansion in emerging markets.

Manufacturers rely on innovation to survive and create new markets. Therefore, they keep themselves abreast of the new technological developments and latest consumer trends by developing human capital. They don’t hesitate to continually invest their time & money into the new age developers for the latest technologies which can increase productivity and add value.

Major Players

Eminent leaders fostering the global edible packaging market include WikiCell Designs Inc. (U.S.), Nagase & Co. Ltd. (Japan), JRF Technology, LLC (U.S.), Tipa Corp (Israel), Interpack (U.S.), Pace International LLC (U.S.), Ingredion Inc (U.S.), Safetraces, Inc. (U.S.), Dupont de Nemours and Company (U.S.), Tate & Lyle Plc. (U.K), Coveris Holdings, (U.S.), MonoSol, LLC (U.S.), Evoware (Indonesia), Watson, Inc. (U.S.), and Devro plc (U.K). 

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Industry/ Innovation /Related News: 

May 21, 2021 --- Researchers at Fraunhofer-Gesellschaft announced the development of an innovative and sustainable solution for food packaging as part of the Bioactive Materials project.  This eco-friendly coating for paper packaging can make wrapping paper and re-sealable bags for fresh, cooked, or frozen foods.

The team made the coating from protein and waxes with bio-based additives. They are applied in liquid form using standard roll-to-roll technology. These new packaging solutions keep the food fresh for longer, and the antioxidants in the coating even extend the shelf life of the food.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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