Press release
Global Edible Packaging Market Size Worth US$ 1,220.4 Million By 2022-27
According to the latest report by IMARC Group, titled "Edible Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″,the global edible packaging market size reached US$ 855.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,220.4 Million by 2027, exhibiting a CAGR of 6.18% during 2022-2027.Edible packaging refers to the packaging material that is manufactured from food products and is safe to consume. It comprises edible films and coatings and prevents the food from contamination while offering a sustainable alternative as compared to traditional packaging methods. It assists in eliminating waste from landfills or recycling centers as edible packaging has the ability to biodegrade. Besides this, it provides vitamins and probiotics that benefit in enhancing the health of individuals. As a result, edible packaging is employed in the food and beverage (F&B), pharmaceutical, and cosmetics industries across the globe.
Request Free Sample Report: https://www.imarcgroup.com/edible-packaging-market/requestsample
Edible Packaging Market Trends:
At present, the rising demand for processed food products with an increased shelf life represents one of the key factors contributing to the market growth across the globe. Besides this, the growing adoption of edible packaging due to the rising awareness about environmental problems among individuals worldwide is offering a positive market outlook. Apart from this, the increasing demand for edible packaging, as it assists in reducing waste in the environment, is positively influencing the market. Moreover, governing agencies of various countries are encouraging the adoption of edible packaging while prohibiting the usage of single-use plastic, which is bolstering the growth of the market. Furthermore, key players are introducing biodegradable food packaging material from cucumber peels with high cellulose content.
Global Edible Packaging Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape Key Player:
Devro plc
Glanbia plc
Ingredion Incorporated
JRF Technology LLC
MonoSol LLC (Kuraray Co. Ltd.)
Nagase & Co. Ltd.
Notpla Limited
Safetraces Inc.
Tate & Lyle Plc
TIPA Corp Ltd.
The report has segmented the market on the basis on material type, source and end user.
Breakup by Material Type:
Lipids
Polysaccharides
Proteins
Surfactants
Others
Breakup by Source:
Plant
Animal
Breakup by End User:
Food and Beverages
Pharmaceuticals
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/edible-packaging-market
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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