Edible Packaging Market Research Report - Global 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
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
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<strong>Edible</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> - <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
<strong>Global</strong> <strong>Edible</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong>, by Material (Polysaccharides, Lipid, Protein Films and<br />
Others), by End User (Food & Beverage, and Pharmaceutical) and by Region – <strong>Forecast</strong> To <strong>2023</strong><br />
The global market of edible packaging is growing and is expected <strong>to</strong> gain prominence over the forecast period. The global<br />
edible packaging market is estimated <strong>to</strong> demonstrate an exponential growth by <strong>2023</strong>, surpassing its previous growth<br />
records in terms of value with a whooping, digit CAGR of 6.1% during the estimated period (2017-<strong>2023</strong>). Innovation plays a<br />
major role in driving the growth of edible packaging market. Therefore, advanced technology in packaging has allowed<br />
companies <strong>to</strong> innovate products instead of sticking <strong>to</strong> traditional packaging methods. Due <strong>to</strong> this, many companies are in<br />
their product designs. Adopting sustainable and smart innovation will help improve the safety of food and at the same time<br />
will enhance the visual appeal for the consumers. Companies spend more on packaging innovation rather than on<br />
production cost so as <strong>to</strong> enhance the performance of the packaging technique.<br />
On the basis of regions, global edible packaging market is segmented as North America, Europe, Asia Pacific and Rest of the<br />
World (RoW). North America dominates the global edible packaging market. Increasing demand packaged food in this<br />
region driving the growth of the market. U.S. accounted for the largest market share in North America. Rise in preference of<br />
hygienic packaging and the growth of pharmaceutical industry in this region is also fuelling the growth of the market.<br />
Europe is expected <strong>to</strong> be another major market in terms of demand for edible packaging and is expected <strong>to</strong> contribute<br />
significantly during the forecast period. The packaging industry holds a strong ground in Europe owing <strong>to</strong> high demand for<br />
packaging coupled with speedy rates of product innovation and development. South America and the Middle East & Africa<br />
regions are also expected <strong>to</strong> show a positive growth during the forecast period due <strong>to</strong> rising demand from the e-commerce<br />
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