openPR Logo
Press release

Edible Packaging Market: Growing Consumption in Food and Beverages Industry to Bolster Growth

Edible Packaging Market: Growing Consumption in Food

Global Edible Packaging Market: Snapshot

The global market for edible packaging derive much of its growth from the increasing consumption of processed products, rising household income, and the increasing preference of consumers for hygienic and durable products. Apart from this, the fast-paced urbanization in emerging economies, together with the high growth of the population base is also strengthening the potentials of this market.

For more information on this report, fill the form @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12899

Over the forthcoming years, the increasing usage of edible packaging materials for the packaging of food products will boost this market substantially. The growing awareness about the attributes of edible packaging, such as the ease of handling while maintaining the quality and the shelf life of products, are also projected to drive the growth of this market in the near future. However, the high cost of the packaging machines and quality films used in edible packaging may limit its uptake to some extent in the years to come. The burgeoning adoption of modified atmosphere packaging may also prove to be a challenge for this market over the next few years.

The global edible packaging market was worth US$0.77 bn in 2016. Analysts expect this market to expand at a CAGR of 6.90% between 2016 and 2024, reaching a sum of US$1.3 bn by the end of 2024.

Demand for Edible Packaging to Remain High from Food and Beverage Manufacturing

Food and beverage manufacturing and pharmaceuticals are the two main end users of edible packaging across the world. Among these, the food and beverage manufacturing segment has occupied the leading position in this market.

It dominated the market with a share of more than 77% in 2016 and is anticipated to continue its leading streak over the next few years. The demand edible packaging is stronger in fresh food packaging and the scenario is likely to remain in the near future.

Browse Market Research Report @ http://www.transparencymarketresearch.com/edible-packaging-market.html

North America to Retain Dominance in Global Edible Packaging Market

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa are the key regional markets for edible packaging across the world. North America, among these, has been leading the global market and acquired a share of more than 36% in 2016. The U.S., being both, a prominent producer and consumer of edible packaging, has been driving the North America market for edible packaging. Analysts project a dominance of this regional market over the next few years; however at a reduced share in the overall market, as a result of the maturing state of the market for edible packaging in North America.

Among others, the Asia Pacific edible packaging market is likely to exhibit significant potential for future growth, thanks to the increasing awareness among consumers pertaining to the benefits of edible packaging. The rise in disposable income of consumers, influencing their standard of living, is also expected to reflect positively on the demand for edible packaging in this region over the forthcoming years.

MonoSol, LLC, WikiCell Designs Inc., JRF Technology LLC, and Tate and Lyle Plc. are the key players operating in the global market for edible packaging.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Edible Packaging Market: Growing Consumption in Food and Beverages Industry to Bolster Growth here

News-ID: 647779 • Views: 141

More Releases from Transparency Market Research

Powder Coatings Market to Reach US$ 16,203.14 Mn by 2026 Need for Increased Agri …
The demand within the global powder coatings market is slated to grow by leaps and bounds in the years to follow. The need for coating several materials and products with protective layers has played a vital role in the growth of the global powder coatings market. Request Overview - https://www.transparencymarketresearch.com/powder-coatings-market.html Furthermore, advancements in organic as well as polymer chemistry have paved way for key developments within the market. Several industrial manufacturers acknowledge
Fumigation Products Market to Reach a Value of US$ 1.2 Bn by 2027-Lack of Awaren …
Fumigation Products Market: Key Highlights The global fumigation products market was valued at ~US$ 820 Mn in 2018, and is anticipated to expand at a CAGR of ~4% during the forecast period. The global fumigation products market is driven by the rise in the demand for warehouses/storage and residential applications North America accounts for a major share of the global fumigation products market, led by an increase in the demand for residential housing,
Inks Market will Generate Revenue of US$ 21.2 Bn by 2027- Technological Advancem …
Global Inks Market: Key Highlights The global inks market was valued at ~US$ 15.9 Bn in 2018, and is anticipated to expand at a CAGR of ~3% from 2019 to 2027. Rise in population and urbanization is fueling global trade, and subsequently, the use of packaging. Online trade is further increasing the need for packaging. Products are also being consumed immediately, which is driving the need for food service packaging and
Zinc-Bromine Battery Market to Reach Value US$ 23 Mn by 2027 Enhancing Storage i …
The global zinc-bromine battery market was valued at ~US$ 5 Mn in 2018, and is anticipated to expand at a CAGR of ~18% from 2019 to 2027, according to a new research report published by Transparency Market Research (TMR). Increase in the demand for zinc-bromine batteries in power distribution applications is one of the major factors driving the zinc-bromine battery market. In terms of consumption, Asia Pacific accounted for a

All 5 Releases


More Releases for Edible

Edible Fiber Market Snapshot by 2027
Edible Fiber Market: Overview Fact.MR has come up with a new study on global edible fibers market that analyzes different aspects influencing this landscape. The market for edible fibers is highly competitive with a number of players operating in this landscape. Actionable intelligence on different facets of global edible fibers market is included in the report, with a projection forecast for a period of nine years, from 2018 to 2027. The report
Edible Oil Market in India 2017
ReportsWeb.com has announced the addition of the “Global Edible Oil Market Research Report” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. The Edible Oil Market in India is part of Publisher' Food and Beverage Industry Series reports. Led by growing health awareness the edible oil market in India is expected to witness robust growth. The report begins with an overview of
Edible Oil Market Lucrative Opportunites By 2024
The global edible oil market is anticipated to witness a substantial growth owing to increasing popularity of unrefined, unprocessed, healthy, and organic oil. In the coming years, vegetable oils with low cholesterol, fat, and calories are likely to gain high response due to growing health awareness among people across the world. In addition, major improvement in retail network, increasing crop yields, oil production, and growing economies are some of the
Global Edible Packaging Market Growth
According to a new report Global Edible Packaging Market (2017-2023), published by KBV Research, the global Edible Packaging Market is expected to attain a market size of $1.0 billion by 2023, growing at a CAGR of 4.3% during the forecast period. The Food & Beverages market dominated the Global Edible Packaging Market by End User in 2016, and would continue to be a dominant market till 2023. The Pharmaceutical market is
Global Edible Mushrooms Sales Market Report 2017
Qyresearchreports include new market research report "Global Edible Mushrooms Sales Market Report 2017" to its huge collection of research reports. In order to provide a comprehensive study of the global Edible Mushrooms market, this report takes stock of all the factors that may influence the in the near future, positively or negatively. All the major trends have been analyzed and their eventual effect on the market has been estimated. The report
Global Edible Seaweed Market Research Report 2017
Report Hive Market Research Released a New Research Report of 104 pages on Title "Global Edible Seaweed Market Research Report 2017" with detailed Analysis, Forecast and Strategies. Palatable kelp are green growth that can be eaten and utilized as a part of the planning of nourishment. They regularly contain high measures of fiber. They may have a place with one of a few gatherings of multicellular green growth: the red