Global Edible Packaging Market is Anticipated to Reach USD 21,696 Million at a Robust CAGR of 8.51% Between 2023 to 2030 | Infinium Global Research

A recent report published by Infinium Global Research sheds light on the burgeoning trends and projections within the Global Edible Packaging Market. The comprehensive analysis encompasses an in-depth examination of segments, sub-segments, and regional landscapes, outlining the impact of various drivers, restraints, and macro indicators shaping the industry's trajectory.

The report, which delves into the global and regional edible packaging market dynamics, presents a compelling narrative highlighting trends, forecasts, and dollar values of the evolving landscape. According to the findings, the global edible packaging market is expected to exhibit a remarkable Compound Annual Growth Rate (CAGR) of 8.51% between 2023 and 2030 in terms of value.

To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/1752

The escalating demand for sustainability in food packaging, coupled with stringent environmental protection regulations, stands as a pivotal driver propelling the edible packaging market forward. In a world grappling with pressing challenges like rapid population growth, food security concerns, and climate change, edible packaging emerges as a beacon of sustainable development. As a result, numerous companies are embracing edible packaging solutions to curtail their carbon footprint.

Edible packaging products, crafted from milk proteins and starch, not only preserve food freshness but also reduce exposure to oxygen. Moreover, the surging consumer awareness regarding eco-friendly products is fueling the demand for environmentally conscious packaging solutions, thus driving the uptake of edible packaging. However, the market growth faces impediments due to the high cost of development associated with edible packaging. To address this, the report suggests that economic incentives could stimulate market growth significantly.

The global edible packaging market, categorized by type and end-users, encompasses segments such as edible casings, empty capsules, edible films and wraps, among others. Among these, the edible casings segment dominates the market, capturing a substantial share of 69.55% owing to rapid urbanization, increased meat consumption, and the proliferation of fast-food chains.

Further, the Food & Beverages segment leads the end-user landscape, holding a significant market share of 87.33%. The widespread adoption of edible films, wraps, pouches, and sachets within the food industry fortifies this dominance.

Geographically, North America leads the global edible packaging market, followed closely by Europe. North America commands a market share of 36.23%, propelled by a robust presence of edible packaging producers and a thriving processed food and pharmaceutical industry. Meanwhile, Europe, holding a market share of 24.78%, benefits from increased government funding for edible packaging initiatives.

Additionally, the Asia Pacific region is poised to exhibit the highest CAGR of 7.80%, bolstered by a burgeoning number of edible packaging manufacturers and escalating awareness about environmentally friendly products among the populace.

Key players in the global edible packaging market include Wikicell Designs Inc., Skipping Rocks Lab, Watson, Inc., Monosol Llc, Jrf Technology Llc, Devro Plc, Viscofan group, and Evoware.

The report also underscores the critical need to address the environmental hazards posed by conventional packaging materials. With approximately 70% of primary packaging dedicated to food and beverages, and nearly one-third of landfills comprising such packaging waste, the urgency to mitigate these impacts is evident. Edible packaging not only offers sustainability but also diminishes the need for recycling, as most edible packaging is biodegradable and consumable.

Furthermore, governments worldwide are intensifying their efforts to combat packaging waste and promote sustainable practices. Regulatory bodies such as the Environmental Protection Agency and U.S. Federal Trade Commission in the U.S., along with their counterparts in Europe, are implementing measures to curb packaging waste, favoring the growth of the edible packaging market.

While the high production costs associated with raw materials and production methods pose a challenge, continuous innovation and technological advancements are poised to propel market growth over the forecast period.

The report strongly recommends that governments extend financial assistance and economic incentives to private businesses operating in the edible packaging sector. Tax abatements, grants, infrastructure assistance, and other incentives could significantly encourage investments in innovative and sustainable products, thereby fostering favorable growth opportunities for the industry.

Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/reports/customization/1752

Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Edible Packaging Market Highlights

2.2. Edible Packaging Market Projection

2.3. Edible Packaging Market Regional Highlights

Chapter 3. Global Edible Packaging Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter's Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by End Use

3.4.2. IGR-Growth Matrix Analysis by Region

3.5. Value chain edible packaging market

Chapter 4. Edible Packaging Market Macro Indicator Analysis

Chapter 5. Global Edible Packaging Market by End Use

5.1. Pharmaceuticals

5.2. Food Beverage Manufacturing

Chapter 6. Global Edible Packaging Market by Region 2023-2030

6.1. North America

6.1.1. North America Edible Packaging Market by End-Use

6.1.2. North America Edible Packaging Market by Country

6.2. Europe

6.2.1. Europe Edible Packaging Market by End-Use

6.2.2. Europe Edible Packaging Market by Country

6.3. Asia-Pacific

6.3.1. Asia-Pacific Edible Packaging Market by End-Use

6.3.2. Asia-Pacific Edible Packaging Market by Country

6.4. RoW

6.4.1. RoW Edible Packaging Market by End-Use

6.4.2. RoW Edible Packaging Market by Sub-region

Chapter 7. Company Profiles and Competitive Landscape

7.1. Competitive Landscape in the Global Edible Packaging Market

7.2. Companies Profiles

7.2.1. Wikicell Designs Inc.

7.2.1.1. Overview

7.2.1.2. Company Snapshot

7.2.1.3. Financial Snapshot

7.2.1.4. Product Portfolio

7.2.1.5. Recent Developments

7.2.2. Tate & Lyle Plc

7.2.2.1. Overview

7.2.2.2. Company Snapshot

7.2.2.3. Financial Snapshot

7.2.2.4. Product Portfolio

7.2.2.5. Recent Developments

7.2.3. Safetraces, Inc.

7.2.3.1. Overview

7.2.3.2. Company Snapshot

7.2.3.3. Financial Snapshot

7.2.3.4. Product Portfolio

7.2.3.5. Recent Developments

7.2.4. Skipping Rocks Lab

7.2.4.1. Overview

7.2.4.2. Company Snapshot

7.2.4.3. Financial Snapshot

7.2.4.4. Product Portfolio

7.2.4.5. Recent Developments

7.2.5. Watson, Inc

7.2.5.1. Overview

7.2.5.2. Company Snapshot

7.2.5.3. Financial Snapshot

7.2.5.4. Product Portfolio

7.2.5.5. Recent Developments

7.2.6. Monosol Llc

7.2.6.1. Overview

7.2.6.2. Company Snapshot

7.2.6.3. Financial Snapshot

7.2.6.4. Product Portfolio

7.2.6.5. Recent Developments

7.2.7. Jrf Technology Llc

7.2.7.1. Overview

7.2.7.2. Company Snapshot

7.2.7.3. Financial Snapshot

7.2.7.4. Product Portfolio

7.2.7.5. Recent Developments

7.2.8. Bluwrap

7.2.8.1. Overview

7.2.8.2. Company Snapshot

7.2.8.3. Financial Snapshot

7.2.8.4. Product Portfolio

7.2.8.5. Recent Developments

7.2.9. Tipa Corp

7.2.9.1. Overview

7.2.9.2. Company Snapshot

7.2.9.3. Financial Snapshot

7.2.9.4. Product Portfolio

7.2.9.5. Recent Developments

7.2.10. Devro Plc

7.2.10.1. Overview

7.2.10.2. Company Snapshot

7.2.10.3. Financial Snapshot

7.2.10.4. Product Portfolio

7.2.10.5. Recent Developments

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/reports/enquiry/1752

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Edible Packaging.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027

About Infinium Global Research:

Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.

This release was published on openPR.