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Edible Packaging Market Research Report - Global Forecast to 2023

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Global Edible Packaging Market Research Report, by Material (Polysaccharides, Lipid, Protein Films and Others), by End User (Food & Beverage, and Pharmaceutical) and by Region – Forecast To 2023
Edible Packaging Market Research Report
By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Edible Packaging Market Research Report - Forecast to 2023
Global Edible Packaging Market Research Report, by Material (Polysaccharides, Lipid, Protein Films and
Others), by End User (Food & Beverage, and Pharmaceutical) and by Region – Forecast To 2023
The global market of edible packaging is growing and is expected to gain prominence over the forecast period. The global
edible packaging market is estimated to demonstrate an exponential growth by 2023, surpassing its previous growth
records in terms of value with a whooping, digit CAGR of 6.1% during the estimated period (2017-2023). Innovation plays a
major role in driving the growth of edible packaging market. Therefore, advanced technology in packaging has allowed
companies to innovate products instead of sticking to traditional packaging methods. Due to this, many companies are in
their product designs. Adopting sustainable and smart innovation will help improve the safety of food and at the same time
will enhance the visual appeal for the consumers. Companies spend more on packaging innovation rather than on
production cost so as to enhance the performance of the packaging technique.
On the basis of regions, global edible packaging market is segmented as North America, Europe, Asia Pacific and Rest of the
World (RoW). North America dominates the global edible packaging market. Increasing demand packaged food in this
region driving the growth of the market. U.S. accounted for the largest market share in North America. Rise in preference of
hygienic packaging and the growth of pharmaceutical industry in this region is also fuelling the growth of the market.
Europe is expected to be another major market in terms of demand for edible packaging and is expected to contribute
significantly during the forecast period. The packaging industry holds a strong ground in Europe owing to high demand for
packaging coupled with speedy rates of product innovation and development. South America and the Middle East & Africa
regions are also expected to show a positive growth during the forecast period due to rising demand from the e-commerce
sector.
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Edible Packaging Market Research Report - Forecast to 2023
Asia Pacific region is expected to be the fastest growing region for the market. Rapid growth in packaging industry in Asia
Pacific region is the major factor driving the growth of the market. Growing industrialization and urbanization in the
developing countries such as China and India, provides boost to the market. Additionally, the availability of raw materials
and low labor cost, together form a positive influence on the market growth. China, Japan, India, Australia, and Indonesia
are the major markets of Asia Pacific. China accounts for the largest market share in the region mainly due to rapid growth
in urbanization and industrial development.
Global Edible Packaging market has been segmented based on material, application, and region. On the basis of material,
the market has been segmented into polysaccharides, lipid, protein films and others. Lipid based edible packaging
dominates the material segment of the market. Lipid compounds contain neutral lipids of glycerides. Lipids are used in
edible packaging as they are excellent barrier of oxygen and water vapor and prevents the food from contamination..
Protein film is expected to be the fastest growing material segment. It provides the value-added benefits to the body such
as high immunity and proper functioning of human body along with improvement in energy levels in humans. These films
are made up of corn zein, gluten, and Casein, and it is considered safe for human consumption. The Polysaccharides
segment is also expected to contribute significantly during the forecast period. On the basis of application, the market has
been segmented into Food & Beverage, and Pharmaceutical.
Global Edible Packaging market appears to be highly fragmented and competitive owing to the presence of numerous large
and small players active in regional market. The key strategies traced from the analysis of recent developments of the key
players include product launch, agreement & partnership, acquisition and expansion. On the product and sales side,
companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to aid their
competitive position.
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Edible Packaging Market Research Report - Forecast to 2023
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.).
The report for Global Edible Packaging Market of Market Research Future comprises extensive primary research findings
along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion
leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market
scenario, which includes historical and projected market size in terms of value, technological advancement, macro
economical and governing factors in the market. The report provides detailed information and strategies of the top key
players in the industry. The report also gives a broad study of the different market segments and regions.
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Edible Packaging Market Research Report - Forecast to 2023
Global Edible Packaging Market ($ billion), 2016-2023
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Edible Packaging Market Research Report - Forecast to 2023
Edible Packaging Market – Segmentation
For the convenience of the report and enhanced understanding; the Edible Packaging market is segmented in to three key
dynamics:
Segmentation by Type: Radio & Satellite.
Segmentation by Application: Commercial Aerospace & Defense.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific, Middle East & Africa, and
South America.
Edible Packaging Market: Regional Analysis
The Asia Pacific region is currently behind the North American and the European regions, in terms of Edible Packaging
market, however, it has the highest growth rate among the regions. This has been supported by the rising demand for
aerospace and defense applications in the APAC region. The APAC region is already one the major markets worldwide for
various aerospace segments and has a growing military strength. Country such as China, Japan, and India currently lead the
Edible Packaging market in the APAC region and promise for a healthy growth in the future as well. Other countries such as
Indonesia, Malaysia, Taiwan and Thailand are also the emerging market for Edible Packaging systems, and the overall
market in the APAC is thus expected to grow rapidly during the forecast period.
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Edible Packaging Market Research Report - Forecast to 2023
Market Segmentation of Global Edible Packaging Market
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Author
Monica Nerkar
Monica Nerkar384   documents Email
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