Edible Packaging Market Research Report - Global Forecast to 2023

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Global Edible Packaging Market Research Report, by Material (Polysaccharides, Lipid, Protein Films and Others), by End User (Food & Beverage, and Pharmaceutical) and by Region – Forecast To 2023

Edible Packaging Market Research Report

By Forecast To 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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Edible Packaging Market Research Report - Forecast to 2023

Global Edible Packaging Market Research Report, by Material (Polysaccharides, Lipid, Protein Films and

Others), by End User (Food & Beverage, and Pharmaceutical) and by Region – Forecast To 2023

The global market of edible packaging is growing and is expected to gain prominence over the forecast period. The global

edible packaging market is estimated to demonstrate an exponential growth by 2023, surpassing its previous growth

records in terms of value with a whooping, digit CAGR of 6.1% during the estimated period (2017-2023). Innovation plays a

major role in driving the growth of edible packaging market. Therefore, advanced technology in packaging has allowed

companies to innovate products instead of sticking to traditional packaging methods. Due to this, many companies are in

their product designs. Adopting sustainable and smart innovation will help improve the safety of food and at the same time

will enhance the visual appeal for the consumers. Companies spend more on packaging innovation rather than on

production cost so as to enhance the performance of the packaging technique.

On the basis of regions, global edible packaging market is segmented as North America, Europe, Asia Pacific and Rest of the

World (RoW). North America dominates the global edible packaging market. Increasing demand packaged food in this

region driving the growth of the market. U.S. accounted for the largest market share in North America. Rise in preference of

hygienic packaging and the growth of pharmaceutical industry in this region is also fuelling the growth of the market.

Europe is expected to be another major market in terms of demand for edible packaging and is expected to contribute

significantly during the forecast period. The packaging industry holds a strong ground in Europe owing to high demand for

packaging coupled with speedy rates of product innovation and development. South America and the Middle East & Africa

regions are also expected to show a positive growth during the forecast period due to rising demand from the e-commerce

sector.

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Edible Packaging Market Research Report - Forecast to 2023

Asia Pacific region is expected to be the fastest growing region for the market. Rapid growth in packaging industry in Asia

Pacific region is the major factor driving the growth of the market. Growing industrialization and urbanization in the

developing countries such as China and India, provides boost to the market. Additionally, the availability of raw materials

and low labor cost, together form a positive influence on the market growth. China, Japan, India, Australia, and Indonesia

are the major markets of Asia Pacific. China accounts for the largest market share in the region mainly due to rapid growth

in urbanization and industrial development.

Global Edible Packaging market has been segmented based on material, application, and region. On the basis of material,

the market has been segmented into polysaccharides, lipid, protein films and others. Lipid based edible packaging

dominates the material segment of the market. Lipid compounds contain neutral lipids of glycerides. Lipids are used in

edible packaging as they are excellent barrier of oxygen and water vapor and prevents the food from contamination..

Protein film is expected to be the fastest growing material segment. It provides the value-added benefits to the body such

as high immunity and proper functioning of human body along with improvement in energy levels in humans. These films

are made up of corn zein, gluten, and Casein, and it is considered safe for human consumption. The Polysaccharides

segment is also expected to contribute significantly during the forecast period. On the basis of application, the market has

been segmented into Food & Beverage, and Pharmaceutical.

Global Edible Packaging market appears to be highly fragmented and competitive owing to the presence of numerous large

and small players active in regional market. The key strategies traced from the analysis of recent developments of the key

players include product launch, agreement & partnership, acquisition and expansion. On the product and sales side,

companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to aid their

competitive position.


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Edible Packaging Market Research Report - Forecast to 2023

Key Players

The prominent players in the edible packaging 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), Interpack

(U.S.), Evoware (Indonesia), Coveris Holdigs, (U.S.), Dupont de Nemours and Company (U.S.), Ingredion Inc (U.S.), Nagase &

Co. Ltd. (Japan), and Pace International LLC (U.S.).

The report for Global Edible Packaging Market of Market Research Future comprises extensive primary research findings

along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion

leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market

scenario, which includes historical and projected market size in terms of value, technological advancement, macro

economical and governing factors in the market. The report provides detailed information and strategies of the top key

players in the industry. The report also gives a broad study of the different market segments and regions.

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Edible Packaging Market Research Report - Forecast to 2023

Global Edible Packaging Market ($ billion), 2016-2023


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Edible Packaging Market Research Report - Forecast to 2023

Edible Packaging Market – Segmentation

For the convenience of the report and enhanced understanding; the Edible Packaging market is segmented in to three key

dynamics:

Segmentation by Type: Radio & Satellite.

Segmentation by Application: Commercial Aerospace & Defense.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific, Middle East & Africa, and

South America.

Edible Packaging Market: Regional Analysis

The Asia Pacific region is currently behind the North American and the European regions, in terms of Edible Packaging

market, however, it has the highest growth rate among the regions. This has been supported by the rising demand for

aerospace and defense applications in the APAC region. The APAC region is already one the major markets worldwide for

various aerospace segments and has a growing military strength. Country such as China, Japan, and India currently lead the

Edible Packaging market in the APAC region and promise for a healthy growth in the future as well. Other countries such as

Indonesia, Malaysia, Taiwan and Thailand are also the emerging market for Edible Packaging systems, and the overall

market in the APAC is thus expected to grow rapidly during the forecast period.

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Edible Packaging Market Research Report - Forecast to 2023

Market Segmentation of Global Edible Packaging Market


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