Press release
Edible Packaging Market is Forecasted to Reach US$ 1015.66 million in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global edible packaging market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/943/edible-packaging-market.html#form
Report Highlights:
Market Size in 2028: US$ 1015.66 million
Growth (CAGR): 6.53% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Segment Insights on the Edible Packaging Market:
The global Edible Packaging market is segmented based on Material type, Form type, End-Use Industry type, and region.
Based on material type - The market is segmented as lipids, polysaccharides, proteins, and others. The polysaccharide-based edible packaging held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. Starch is a polysaccharide which is widely used for making edible packaging.
Based on form type - The edible packaging market is segmented as film and coating. The edible film segment is expected to remain the larger segment of the market during the forecast period, owing to its wider applications in various end-use industries.
To know the most attractive segments, visit:
https://www.stratviewresearch.com/943/edible-packaging-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
North America is expected to remain the dominant region in the market in the coming five years as the region is the early adopter of edible packaging solutions. The USA will continue to propel the demand for edible packaging in the region over the next five years.
Edible Packaging Market Drivers:
Some of the key drivers listed in the report are given below.
• Cutting Back on Packaging Waste: Edible packaging reduces packaging waste by allowing users to eat the food product and packaging itself, contributing to 30.2% of household waste. It contains milk proteins, vitamins, and probiotics, providing essential nutrients and oxygen barriers.
• Surge in Demand for Processed Food Products: The demand for processed food products containing added sugars, fats, oils, and salts is increasing. Edible coatings are expected to drive market growth due to their ability to provide longer shelf-life packaging.
• Improving Technologies: The edible packaging market is advancing rapidly, utilizing nanotechnological solutions like nanoencapsulation to enhance food's nutritional value and protect it from moisture and heat.
• Higher Manufacturing Cost: High manufacturing costs for edible packaging are due to sanitary requirements and the potential contamination of food products due to the proneness of edible layers to dirt and germs.
• Stringent Regulatory Standards: Edible films must meet GRAS standards, consist of a water-soluble polymer, be manufactured on suitable machines, and contain general-purpose additives.
Top Companies in the Edible Packaging Market:
Stratview Research has identified the following companies as the top market players.
• MonoSol LLC
• JRF Technology, LLC
• Nagase America LLC
• Notpla Limited
• Wikicell Designs Inc
• Amtrex Nature Care Pvt. Ltd.
• EnviGreen Biotech Pvt. Ltd.
• Devro Plc
• Apeel Sciences
• Mantrose UK Ltd.
• Do Eat
• Lactips.
Note: The above list does not necessarily include all the top players in the market.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Edible Packaging Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Explore more reports here:
• Advanced Packaging Market: https://www.stratviewresearch.com/2735/advanced-packaging-market.html
• Bulk Container Packaging Market: https://www.stratviewresearch.com/1077/bulk-container-packaging-market.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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