Global Edible Packaging Market Size is estimated to expand rapidly in coming years, at a CAGR of 7.25 % from 2018 to 2027. In 2017, the global market valuation was USD 0.85 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. Increasing demand for biodegradable packaging worldwide, increasing food processing markets and global growth in food packaging technology are the key drivers of market growth. The food packaging is a thin layer that is used for the wrapping and covering of food products and medications in order to extend the shelf-life of the item.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2027
Mostly edible packaging or film consists of three components: film formation, plasticizing and additives. In order to make a film-forming dispersion (FFD), edible films need a suitable solvent to be used for water and alcohol or watery alcohol. The key film forming ingredients are proteins, polysaccharides, lipids and combinations or a blend of these. However, plasticizers and other useful additives are used for enhancing protective properties of edible film and packaging, including antioxidants, vitamins, antimicrobial agents, essential oils, pigmentation and chemical preservatives.
Specific observable quality metrics are used to check edible packaging to prevent packaging failure. The primary evaluation factors include its properties as moisture and gas barrier, microbiological stability, adsorption strength, adhesion, cohesion, solubility, transparency, mechanical characteristics, sensory and organoleptic properties. The shape, smell and taste of the packaged product typically can’t be improved by edible packaging material. Recent advances, however, have allowed the company to offer volatile aromas, vitamins and flavoring agents to packaged products.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global edible packaging market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global edible packaging market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.
During interviews, these primary and secondary sources provide exclusive information, which acts as a validation from global edible packaging market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.
We have covered two proprietary models in the edible packaging report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.
By Material Insights: On the basis of material, global edible packaging market has been segmented into protein, polysaccharides, and lipid. The protein segment was led by the largest market share in 2018. Casein, whey, collagen, gelatin, zein, soy, gluten are protein films. When compared to polysaccharides and lipid-based films, protein-based films have better gas barrier properties. Therefore, these films have better mechanical properties than other product segments because of their special protein structure. However these films do not give the synthetic polymers any resistance to water vapor or mechanical strength and thus their broad use in the end-use industry is limited.
By End Use Insights: On the basis of end use, global edible packaging market has been segmented into food & beverages, pharmaceuticals. The main end user industries in world edible packaging markets are food & beverages and pharmaceuticals. The brand is commonly used in the food and drink industry for packaging various food items, including fresh food products, pastries and pastries, baby foods, dairy products and functional foods. The increased demand for processed food items around the world is expected to increase in the coming years due to changing lifestyles.
The edible packaging market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The largest share of the global market was retained by North America in 2018. The fact that a large processed food and pharmaceutical industry is present together with a large number of edible packaging manufacturers is due to its global leadership position. Therefore, it is anticipated that the demand will fuel up during the forecast period, especially in the U.S.
Global Edible Packaging Market Size, Share Analysis by Region 2018
From 2018 to 2025, the demand in Asia-Pacific is expected to grow as fast as possible. The key driver for the extraordinary demand for the region's food is increased consumer awareness over the drawbacks of the use of plastics in food packaging combined with an increased ban on single use plastics. The expanding industries of food & beverage and pharmaceuticals are also expected to increase demand for products in the coming years. Nonetheless, high consumer costs and hygiene problems are expected to impede market growth in the region while transporting goods.
Global Edible Packaging Market Study Objective
1. To forecast the market size of edible packaging market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of edible packaging market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of edible packaging market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of edible packaging market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the edible packaging market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
WikiCell Designs, Inc., MonoSol, LLC, Tate and Lyle Plc, JRF Technology LLC, SAFETRACES, Inc., Devro, Evoware, Ingredion, Inc., NAGASE & CO., LTD., and Bluwrap are some of the key players in the market of edible packaging. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Edible Packaging Market Study Report Offer You!
The global edible packaging market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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