Edible Packaging Market Scenario
Increasing demand for biodegradable packaging across the world, increasing processed food markets, and growing innovation in food packaging globally are the key factors fuelling the market growth. Moreover, the upsurge in the popularity of edible packaging solutions can be attributed to government initiatives, developments in packaging technologies are also some of the factors augmenting the market growth globally. However, high product cost and hygiene issues during product transportation restraint which is expected to hinder the market growth during the forecast period.
Edible Packaging Market Segmentation
The edible packaging market is segmented by Source, Raw Material, Process Technology, End User and Geography. Edible packaging products are manufactured by using various sources such as Plant and Animal. Likewise, the Raw Materials used in producing edible packaging products are Seaweeds and Algae, Polysaccharides, Lipids and Others. Furthermore, various Process Technology studied in this report are Antimicrobial, Nanotechnology, Electro-hydrodynamic, Coatings and Others. In addition, major End Users of edible packaging are Food (Fresh Food, Bakery and Confectionery, Frozen Foods and Others), Beverage, Non-Alcoholic Beverages, Alcoholic Beverages and Pharmaceuticals. Based on Geography, the Edible packaging Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Edible Packaging Market by Geography
Geographically, the edible packaging market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. The North America region dominated the global edible packaging market. Existence of a large-sized processed food and pharmaceutical companies coupled with the presence of a large number of edible packaging producers attributes for its foremost position in the global market. Furthermore, growing innovation in edible packaging space, particularly in the U.S. is expected to propel the market growth during the forecast period.
Edible Packaging Market Key Players
Some of the major players operating in the global edible packaging market includes Amtrex Nature Care Pvt. LTD., Apeel Sciences, Coolhaus, Cuantec, Dental Development Systems LLC, Do Eat, Ecoactive, Envi-Green Biotech Pvt. LTD., Lactips, Mantrose UK LTD., Regeno Bio Bags, Avani., Devro PLC, Evoware, Incredible Foods Inc., JRF Technology, Monosol LLC, Nagase America LLC, Notpla LTD and Tipa Corp. New players are anticipated to enter the global market on account of the increasing demand for sustainable packaging solutions mainly in food & beverages industry.
Edible Packaging Market Report Key Benefits