Edible Packaging Market is Expected to Witness a Healthy Growth at a CAGR of 6.79% By 2030

Research Reports

Sep 22, 2022

Edible packaging refers to a kind of packaging that’s done for packing food materials and other edibles. The material used for wrapping the food is pretty thin and in no way harms or destroys the food. This material is also used to extend the quality of the food material for an increased number of days. It is very important for any material used in food packaging to be approved by the required organisation for safe-food ingredients. This is done by organisations like Food and Drug Administration FDA. The packaging material must be extracted from organic materials or biomass that leaves no harm to the food or the consumer.

The edible packaging is manufactured from multiple materials like lipids, polysaccharides, and composite and protein films. After use, the materials can be easily biodegraded and thus causes no harm to the environment. The Edible Packaging Market stood at $727.6 million in the global market in 2018. Estimating all the factors driving and restricting the market, the market rate is again predicted to showcase a growth of $2.14 billion by the end of its forecast period. The market’s forecast period is predicted from 2022 to 2030, amid which many factors are expected to influence its rate at the global level. The market also demonstrated a healthy and substantial annual growth rate of 6.79% CAGR. With global urbanisation, there is an evident change in the lifestyle of the people. Consumers prefer food materials with the least amount of plastic constituent, and edible packaging stores the food in the most efficient way possible. The packaging is also known to be water soluble, as a result of which there are pretty less chances of the food being damaged. Edible packaging solves half of the problems regarding the increasing need for hygienic and processed food, and factors like such have majorly been known to drive the market trends.

The Edible Packaging Market, however, has been facing certain restraints due to the high cost of packaging used for sanitary requirements. The packaging is vulnerable to all kinds of dirt and dust that can damage the food quality. Apart from this, the maintenance of the packaging consumes much time, and factors like such have hampered the growth and development of the market.

Get PDF Sample Copy: https://www.marketresearchfuture.com/sample_request/5435

Market Segmentation

The Edible Packaging Market is majorly segmented into its materials and end-user types.

The market is divided into lipids, protein films and polysaccharides by material. The material is divided into pharmaceutical, food and beverage by the end-user type.

Regional Analysis

With the increasing demand for the usage of hygienic food worldwide, the Edible Packaging Market is broadly spread over. This covers parts like India and China in the Asia Pacific, the US in North America and Italy, and Russia in Europe. This is enhancing the market dynamics by the day.

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), and Pace International LLC (U.S.).  

Industry News

The Edible Packaging Market had a major collaboration with key players like Notpla in London and Loliware in New York. These collaborations were based on producing edible packaging with seaweed and algae.

Read More: https://www.marketresearchfuture.com/reports/edible-packaging-market-5435

Related Report

Industrial Tape Market: by Product Type (Duct Tapes, Filament Tapes, Aluminum Tapes, Adhesive Transfer Tapes), Tape Backing Material (Paper, Polypropylene, Polyvinyl Chloride), Application (Electrical and Electronic, Packaging, Masking,), End-User, and Region – Global Forecast to 2030

Plastic Recycling Market: Information by Material (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP) and others), Recycling Process (Mechanical and Chemical), Application (Packaging, Construction, Textile, Automotive and others) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) – Forecast to 2030

PET Bottle Recycling Market By Recycling Process (Chemical, Mechanical), Application (Beverages, Personal Care, Pharmaceutical, Consumer Goods, And Others), And Region – Global Forecast To 2030

Composite Packaging Market Research Report— By Material (Plastic, Paper, Cardboard, and Others), by End-user (Food & beverage, Industrial goods, Consumer goods, Healthcare and Others) and by Region (the Americas, Asia Pacific, Europe, Middle East and Africa) — Global Forecast Till 2030

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 products, services, technologies, applications, end users, 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.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Tags: Edible Packaging Market, Edible Packaging, Edible Packaging Market Report See Campaign: https://www.marketresearchfuture.com/reports/edible-packaging-market-5435

Contact Information:

Contact: Market Research Future® 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com

Tags:
Wire, Research Newswire, English

YOU MAY ALSO LIKE

Lignofuels Market Study Analysis with Forecast to…

Edible packaging refers to a kind of packaging that’s done for packing food materials and other edibles. The material used for wrapping the food is…

read more

Smart Vineyard and Orchard Equipment Market Exclusive…

Edible packaging refers to a kind of packaging that’s done for packing food materials and other edibles. The material used for wrapping the food is…

read more

Next-Generation Lithography Materials Market Current Scenario with…

Edible packaging refers to a kind of packaging that’s done for packing food materials and other edibles. The material used for wrapping the food is…

read more