Global Edible Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global edible packaging market in its upcoming report titled, “Global Edible Packaging Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global edible packaging market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global XYZ market report has been segmented on the basis of source, type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Edible packaging is food item containing another food item or food is coated or wrapped with edible material. It includes edible spoons, containers, cups, bowls, etc. It ensures consumers safety and health. Edible packaging is commonly made using wheat, rice, or other grains. It is biodegradable and vegan in nature. Edible packaging is an alternative to current packaging materials and formats.
Growing demand for alternate eco-friendly packaging material, owing to growing packaging material waste and pollution is a major factor driving growth of the global edible packaging market. Growing packaging waste in urban as well as rural areas in the world are causing waste management problems. Growing awareness regarding health, hygiene, food safety, quality, and requirement of biodegradable packaging are factors fueling growth of the global market.
Additionally, changing lifestyle coupled with rising demand for instant and fast food are also factor propelling growth of the target market. Furthermore, use of nanotechnology for edible packaging production technology, growing popularity and acceptance for edible packaging are factors expected to boost growth of the global edible packaging market in the near future.
However, high cost of edible packaging and its limited use for certain food with various temperatures may hamper growth of the global edible packaging market. In addition, storing and shipping of food products with edible packaging can create health and sanitary issues is a challenging factor that may affect growth of the global market.
Nevertheless, introduction of sustainable and biodegradable edible packaging and spreading awareness regarding edible packaging among consumers can create high revenue opportunities for players in the target market.
Market in Europe holds major market share in terms of revenue and is expected to witness high growth over the forecast period. Increasing use of edible packaging for food and beverages is a key factor driving growth of the global edible packaging market in this region. Market in Asia Pacific is expected to dominate the target market in terms of revenue over the forecast period. Market in Asia Pacific is expected to witness a significant growth, owing to growing pharmaceutical industry as well as process food industry in this region, followed by Middle East and Africa and Latin America.
Global Edible Packaging Market Segmentation:
- Composite Films
- Food and Beverages
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Devro PLC
- JRF Technology LLC
- MonoSol, LLC
- SafeTraces, Inc.
- Skipping Rocks Lab Ltd
- Tate & Lyle PLC
- Tipa Corp ltd.
- Watson, Inc.
- WikiCell Designs, Inc.
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