Edible Packaging Market Share, Industry Trends, Size and Report 2023-2028
The latest report by IMARC Group, titled “Edible Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global edible packaging market share. The global market size reached US$ 908.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,299.0 Million by 2028, exhibiting a CAGR of 6.07% during 2023-2028.
Edible packaging refers to the packaging material that is manufactured from food products and is safe to consume. It comprises edible films and coatings and prevents the food from contamination while offering a sustainable alternative as compared to traditional packaging methods. It assists in eliminating waste from landfills or recycling centers as edible packaging has the ability to biodegrade. Besides this, it provides vitamins and probiotics that benefit in enhancing the health of individuals. As a result, edible packaging is employed in the food and beverage (F&B), pharmaceutical, and cosmetics industries across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/edible-packaging-market/requestsample
Edible Packaging Market Trends and Drivers:
At present, the rising demand for processed food products with an increased shelf life represents one of the key factors contributing to the market growth across the globe. Besides this, the growing adoption of edible packaging due to the rising awareness about environmental problems among individuals worldwide is offering a positive market outlook. Apart from this, the increasing demand for edible packaging, as it assists in reducing waste in the environment, is positively influencing the market. Moreover, governing agencies of various countries are encouraging the adoption of edible packaging while prohibiting the usage of single-use plastic, which is bolstering the growth of the market. Furthermore, key players are introducing biodegradable food packaging material from cucumber peels with high cellulose content.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Material Type:
- Lipids
- Polysaccharides
- Proteins
- Surfactants
- Others
Breakup by Source:
- Plant
- Animal
Breakup by End User:
- Food and Beverages
- Pharmaceuticals
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitors Landscape with Key Players:
- Devro plc
- Glanbia plc
- Ingredion Incorporated
- JRF Technology LLC
- MonoSol LLC (Kuraray Co. Ltd.)
- Nagase & Co. Ltd.
- Notpla Limited
- Safetraces Inc.
- Tate & Lyle Plc
- TIPA Corp Ltd.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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