Edible Packaging Market Size to Reach USD 581.8 Million by 2027 at CAGR 3.5% - Valuates Reports

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BANGALORE, India, Aug. 10, 2021 /PRNewswire/ -- The Edible Packaging Market is Segmented by Type (Polysaccharides, Lipid, Surfactant, Protein Films, Others), by Application (Food & Beverages, Pharmaceuticals, Others). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Packaging Category.

The global Edible Packaging market size is projected to reach USD 581.8 Million by 2027, from USD 473.3 Million in 2020, at a CAGR of 3.5% during 2021-2027.

Major factors driving the growth of the edible packaging market are:

Rising demand for biodegradable packaging across the world which is fueling the innovation in food packaging

Growing popularity of edible packaging as it is a useful alternative or addition to conventional packaging to reduce waste and to create novel applications for improving product stability, quality, safety, variety, and convenience for consumers.

Furthermore, government initiatives along with the advancements in packaging technologies is fueling the edible packaging market.

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TRENDS INFLUENCING THE GROWTH OF EDIBLE PACKAGING Market

Increasing demand for environmentally friendly packaging materials is expected to drive the growth of the edible packaging market. There is a rising environmental worry over the widespread use of single-use plastic and various strategies to restrict it. Edible packaging solutions have grown in popularity across a variety of producers and consumer groups as an alternative to single-use plastic. Adapting these ideas will aid in the reduction of waste caused by the use of plastic. 

The ability of edible packaging to retain, appearance, smell, and taste of packaged products along is expected to drive its adoption, thereby increasing the growth of the edible packaging market. 

Other factors that are expected to drive the growth of the edible packaging market are high consumption of processed foods, increased disposable income for consumers, and living standards. 

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EDIBLE PACKAGING MARKET SHARE ANALYSIS:

Based on product type, Polysaccharides are expected to be the most lucrative during the forecast period. At low and moderate humidity, polysaccharides can operate as a significant barrier to oxygen and carbon dioxide.

Based on end-user, Food & beverages are expected to be the most lucrative segments. Edible packaging is commonly used for the packaging of numerous food products including fresh food, cake and confectionery, infant food, dairy products, and functional foods. Furthermore, the rising demand for processed food products around the world as a result of changing lifestyles is expected to fuel demand for edible packaging.

Based on region, the North Americas occupied the highest share of the edible packaging market during 2017. The region will retain its market dominance share throughout the forecast period and this can be attributed to factors such as the growing demand for the packaged food market.

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Major Manufacturers in the Edible Packaging Market

• Kuraray
• JRF Technology
• WikiCell Designs
• Tate and Lyle
• BioFilm
• Devro
• Watson Inc
• Others

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To see the full list of related reports on the Packaging Industry

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