Global Edible Packaging Market: Industry Outlook, Growth Prospects and Key Opportunities
The Infinium Global Research analyzes the Edible Packaging Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global edible packaging market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of edible packaging. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the edible packaging market during the period.
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Edible packaging is basically food wrapped in food. It takes away the plastic and paper waste that’s created from packaging foods and instead wraps it in something that’s edible. It helps preserve the environment as the user can eat the package itself with the food product thereby reducing the packaging waste. Edible packaging also contains packaging films, which are made up of milk proteins vitamins, proteins, and probiotics, which have essential nutrients and are capable to provide an oxygen barrier to the food thus preventing it from being contaminated. These films are converted into bags and pouches, which are then used for wrapping food.
Increasing Environmentally Conscious Consumers are Driving the Market
Edible packaging is an eco-friendly packaging technique that helps to preserve the environment as the products are renewable as well as edible and safe for human consumption. It reduces plastic packaging waste that fueling the edible packaging market growth. Increasing environmentally conscious consumers are driving the market. They also provide health benefits by incorporating minerals, vitamins, and bioflavonoid which also drives the market. The higher cost of edible packaging materials in comparison with the synthetic materials, breaking down at cold places and high regulatory requirements are expected to hamper the edible packaging market growth.
Edible Packaging Market: Segmentation
The report on the global edible packaging market segmented on the basis of end-users. On the basis of end-use, the global edible packaging market is categorized into pharmaceuticals and food & beverage manufacturing. Edible packaging has a large market share in food & beverage as compared to the pharmaceutical industry due to the increase in consumption of processed food & beverages.
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North America Region Holds a Large Market Share in the Edible Packaging Market
Among the geographies, North America region holds a large market share in the edible packaging market. Increasing demand for packaged food in this region driving the growth of the market. The U.S. accounted for the largest market share in North America. The rise in preference of hygienic packaging and the growth of the pharmaceutical industry in this region is also fuelling the growth of the market. Asia Pacific region is expected to be the fastest-growing region for the market. Rapid growth in the packaging industry in the Asia Pacific region is the major factor driving the growth of the market.
Edible Packaging Market: Competitive Analysis
Some of the industry participants of the global edible packaging market are WIKICELL DESIGNS INC., TATE & LYLE PLC, SAFETRACES, INC., SKIPPING ROCKS LAB, WATSON, INC, MONOSOL LLC, JRF TECHNOLOGY LLC, BLUWRAP, TIPA CORP, and DEVRO PLC among the others.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the edible packaging.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.