Edible packaging is a sheet of edible coating, which layered with a food ingredient. Hence, anyone can eat the food with its package. The edible packaging market is driven by various factors such as increased consumption of processed foods & beverages and innovation in packaging. Furthermore, increasing disposable income in developing countries is boosting the purchasing power of the consumers in this region, which, in turn, will boost the growth of the packaging market. However, higher cost of the edible packaging materials than the other materials used for food coating is negatively affecting the market growth.

The global edible packaging market is projected to grow at a CAGR of 6.2% during the forecast period.

On the basis of the material, the market has been segmented into polysaccharides, lipid, protein films, and others. The lipid-based edible packaging dominates the material segment of the market. Lipid-based edible films are used in fresh and processed food products, minimally processed fruits and vegetables, active packaging, and edible packaging. Protein film is expected to be the fastest growing material segment.

Regional Analysis

The global edible packaging market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North American region dominates the global edible packaging market owing to high demand for the packaged food in the region. As the number of working population is significantly increasing, the demand for the processed food is also growing rapidly. The demand for meat, poultry & seafood packaging in the region is also expected to be driven owing to factors such as demographic shifts and increase in the global population. The U.S. accounted for the largest share in North America. Continuously growing pharmaceuticals market in the North American region have a positive influence on the growth of the market.

Asia Pacific region is expected to register growth in the demand for edible packaging owing to increasing urban population and disposable and rising standard of living. China, Japan, India, Australia, and Indonesia are the major markets in Asia Pacific region. China accounts for the largest share of the Asia Pacific market mainly due to rapid growth in the urbanization and industrial development.

Europe is another major market in the global edible packaging market. Countries like Germany, France, and U.K. spend on healthcare. Rising consumer demand for preventive health and increased spending by the government on healthcare are some of the factors driving the growth of the market. With rising demand from the e-commerce sector, South America and the Middle East & African regions are also expected to show a positive growth over the forecast period.

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Some of 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.).

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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