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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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Edible Packaging Market Research Report - Global Forecast to 2023  

Global Edible Packaging Market Research Report, by Material (Polysaccharides, Lipid, Protein Films and Others), by End User (Food & Beverage...

Edible Packaging Market Research Report - Global Forecast to 2023  

Global Edible Packaging Market Research Report, by Material (Polysaccharides, Lipid, Protein Films and Others), by End User (Food & Beverage...

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