The global edible packaging market is picking up pace since past few years, owing to improvement in technological innovations. According to a recently published report by Vision research Reports, titled, “Global Edible Packaging Market Insights, Forecast to 2025,” edible packaging is among the widely accepted packaging methods for diary food, fresh food, and so on. The edible packaging market is benefiting mostly from increase in household income, rise in consumption of processed foods, and rising popularity of durable and hygienic edible products. Besides, rapid urbanization in developing economies, coupled with a burgeoning population is also boding well for the edible packaging market.
The edible packaging technique prevents the food from reacting with oxygen and carbon dioxide from outer atmosphere. This helps in improving the shelf life by not affecting the food quality adversely. Moreover, increase in consumption of processed food is among the key drivers of edible packaging market. The masses are now getting more aware about the minimal wastage of food. Along with this, the quality of food has also become a prime preference for consumers. These aforementioned factors have contributed in the rise in demand for edible packaging. Edible packaging eliminates the risks of impurity, wastage, and product degradation, in anyway. The preservatives that are used can be removed completely, by replacing it with organic products. Besides, high paced industrialization is another factor supporting the market, coupled with rise in population as well.
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The global edible packaging market is widely classified on the basis of end-user, material type, and region. On the basis of material type, the global edible packaging market is divided broadly into polysaccharides, lipid,protein films, surfactant, and composite films. Based on end-users the market is segregated into fresh food, F&B manufacturing, baby food, pharmaceuticals, cakes and confectionery, other food products. Among these, food and beverages manufacturing segment is the leading end-user segment. Moreover, the popularity of fresh food packaging is getting stronger day by day, and this is anticipated to continue in coming years as well.
On the basis of geography, the global edible packaging market is segmented into Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. Among these, North America, has been driving the global market and minted shares of over 36% in year 2016. The U.S., which is both a prominent manufacturer and consumer of edible packaging, has been driving the North America market for edible packaging. This regional market is foreseen to be dominant throughout the following couple of years. However, going forward, it is expected to trim some of its share, on account of the market for edible packaging in North America getting saturated.
Among others, the Asia Pacific edible packaging market is anticipated to display strong potential for future development because of the rise in awareness among buyersabout the advantages of edible packaging. Increasing disposable incomes of people is also expected catalyzedemand for edible packaging in future years. WikiCell Designs Inc., MonoSol, LLC, Tate and Lyle Plc., and JRF Technology LLC, are among the key players leading the global edible packaging market.
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