Edible Packaging for Food Market Competitive Dynamics, Trends, Demand, Global Size, Outlook And Forecast To 2023

Summary

Edible Packaging for Food Market provides information on Global Edible Packaging for Food Industry Size, Share, Trends, Growth, Regional Analysis and Segmentation By Material (Polysaccharides, Lipid, Protein Films and Others), by End User (Food & Beverage, and Pharmaceutical) and by Region – Forecast To 2023

Market Scenario

Global Edible Packaging for Food Market is projected to grow at a CAGR of 6.2% during the forecast period.

On the basis of the regions, North America region dominates the global Edible Packaging for Food market. Continuously growing pharmaceuticals industry in the North American region have a positive influence on the growth of the market.

Key Players

The prominent players in the Edible Packaging for Food 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.)

Market Research Analysis

Global Edible Packaging for Food Market has been segmented based on material, application and region. On the basis of the material, the market has been segmented into polysaccharides, lipid, protein films and others. Lipid-based Edible Packaging for Food dominates the material segment of the market due to their efficient use as a water-vapor barrier in edible films. Polysaccharides are also expected to contribute significantly during the forecast period. It is largely used in the pharmaceutical sector.

On the basis of the application, the market has been segmented into food & beverage, and pharmaceutical. The Food & beverage industry dominates the application segment of the market and is expected to grow at the fastest CAGR during the forecast period. Rising demand for packaged foods & beverages including ready-to-eat meals, frozen meals, and snack foods. Increasing consumer income in countries such as China, India, and Brazil, has led to a growth in the demand for good-quality packaged food. The pharmaceutical industry is also expected to contribute significantly to the market during the forecast period.

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Scope of the Report

This study provides an overview of the global market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Edible Packaging for Food market by its technology, product, end user, and region.

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