MARKET INTRODUCTION
Edible packaging is made of materials that are approved and considered fit for packing food-stuffs. Edible packaging are used to pack, store, and ship food-stuffs while protecting them from environmental factors such as moisture, heat, cold as well as microbial activity. They are made from materials such as lipids and polysaccharides. Edible packaging eliminates the need for conventional packaging materials such as plastic PVC, PS, PET, HDPE, and LDPE, which are non-biodegradable and are harmful to the environment.
MARKET DYNAMICS
The growing concerns over the indiscriminate use of plastic and its ill-effects on the environment have prompted governments across the world to impose a ban on single-use plastics. Manufacturing companies have since been searching for more eco-friendly packing materials such as water-soluble packaging and edible packaging products. Rising concerns about food hygiene, growing consumption of processed foods, and the robust growth of the food and beverage industry has spurred the growth of edible packaging in the forecast period. Edible packaging materials such as edible films are increasingly being adopted to enhance the shelf life of food products. They are made from edible protein-based substances such as whey proteins, zein, collagen, gluten, and casein. They are also responsible for reducing packaging waste as the user can devour the packaging material. The contribution of edible packaging towards reducing non-biodegradable waste and promote sustainability is anticipated to create significant opportunities for edible packaging industry in the future. However, the high cost associated with manufacturing edible packaging and stringent regulations laid by USFDA on edible packaging materials is anticipated to restrict the growth of the edible packaging market.
MARKET SCOPE
The "Global Edible Packaging Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the edible packaging market with detailed market segmentation by source, raw material, end-use, packaging process and system, and geography. The global edible packaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading edible packaging market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global edible packaging market is segmented on the basis of source, raw material, end-use, and packaging process and system. On the basis of source, the edible packaging market is segmented into, plant and animal. On the basis of raw material, the market is bifurcated into, seaweeds & algae, polysaccharides, lipids, and others. Based on end-use, the global edible packaging market is segmented into, food and beverages and pharmaceuticals. On the basis of packaging process and system, the market is bifurcated into antimicrobial, nanotechnology, electrohydrodynamics, coatings, and microbials.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global edible packaging market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The edible packaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the edible packaging market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the edible packaging market in these regions.
MARKET PLAYERS
The reports cover key developments in the edible packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from edible packaging market are anticipated to lucrative growth opportunities in the future with the rising demand for edible packaging in the global market. Below mentioned is the list of few companies engaged in the edible packaging market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the edible packaging market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Avani Eco
- Devro PLC
- Envi Green Biotech Pvt Ltd
- Evoware
- Incredible Foods Inc.
- JRF Technology, LLC
- Monosol LLC
- Nagase America LLC.
- Notpla Limited
- Tipa Corp
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.