Edible Packaging Market to be Dominated by Packaging Segment Through 2028
Growing demand from the
packaging sector and rising awareness about single-use plastic are expected to
drive the demand for the Edible Packaging market in the forecast period, 2024-2028.
According to TechSci Research
report, “Edible Packaging Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, The Global Edible
Packaging Market is projected to increase at an impressive rate in the forecast
period, 2024-2028. Single-use plastics like food containers, cling wraps,
single-use coffee cups, milk cartons, and other items, tend to overflow into
our landfills and ecosystems, severely damaging the earth.
Edible packaging has
diverse application in the industry, The Major application of Edible packaging is
Food & Beverage and Pharmaceutical Industries. Edible packaging acts as a barrier to
gas and moisture, which does not change the food's flavor, aroma, or appearance.
With increasing awareness, customers are concerned about plastic packaging to
the extent, 42% believe that firms should prioritize making recyclable packaging,
and 21% believe that the economy should completely switch to plastic-free
packaging. The government and the commercial sector continue to make ambitious
commitments to transition to a "circular economy," a framework
aimed at generating economic value by reducing waste and dependency on finite
resources in favor of continued usage of materials and resources within it. Due
to technological advancement, sustainable development of edible packaging is a
great substitute to conventional packaging.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on "Global Edible Packaging Market".
The Global Edible
Packaging market is segmented based on Source, Material, and End User. Based on Source,
the market is divided into plants and animals. Based on Material, the market is
divided into proteins, polysaccharides, lipids, and others. Based on End-User,
the market is divided into food & beverages, pharmaceutical, and others. Businesses
that package food for retail sale in different materials, such as plastic,
glass, paperboard, and aluminum cans, are included in the packaged foods
sector. Packaged foods include savory nibbles, sweet indulgences like
chocolates, everyday staples like cereal and oats, packaged meat and seafood,
fruits, cheeses, vegetables, and condiments like ketchup. Boxed meals that are
ready to eat are also included in this category. Protein and carbohydrate
molecules in edible plastics make packaged meals better for human health, using
less resources.
Major
companies operating in global Edible Packaging market are:
- Notpla Limited
- Coveris holdings
- Ecolotec
- Lactips
- Biome Technologies
- Mori (Former
Cambridge Crops)
- Tate & Lyle Plc.
- JRF Technology, LLC
- Tipa Corp
- MonoSol, LLC
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“The primary
reason for the growth of the Global Edible Packaging Market is the rising
demand from the packaging sector. Using edible packaging as a substitute for
single-use plastic, glass, and metal, increasing demand for hygienic and
flexible food packaging materials, increasing demand for decorative laminates,
and shifting consumer preferences toward eco-friendly products, are expected to
drive growth in the global edible packaging market. The North America region is
expected to dominate the Global Edible Packaging Market in the upcoming years
due to its significant manufacturing activity in numerous fields along with the
rapid development of the e-commerce industry. This region holds numerous companies
where different manufacturing activities are going on, while holding the
largest population. In addition, China and India are the major countries that
trade in different sectors, such as pharmaceuticals, cosmetics, personal care
products, the medical sector, food, and beverages worldwide, where packaging is
required. Moreover, generating new possibilities for participants in the global
edible packaging market, including increasing adoption of energy-efficient technologies,
and reducing carbon footprint for sustainability, has increased the demand from
edible packaging firms, creating favorable conditions to boost the global
demand for the edible packaging market till 2027.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
Contact
Mr. Ken Mathews
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Manhattan, NY,
New York – 10017
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