The global edible packaging market size
is projected to reach USD 1.1 billion by 2025, exhibiting a CAGR of 6.2% over
the forecast period, according to a new report by Grand View Research, Inc.
Growing innovation in food packaging coupled with rising concerns over the
excessive use of plastics is among the key factors driving the growth of the
global market.
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The primary advantage of edible
packaging over traditional synthetic polymers is that it can be consumed along
with the packaged products. In addition, even if the package is not consumed
along with the product, it gets degraded more readily than polymeric materials
as it is extracted from biomass material, which is biodegradable. Furthermore,
the product has the potential to enhance the organoleptic properties of
packaged foods, provided they contain flavorings, colorings, and sweeteners.
Edible packaging is usually made of
polysaccharides, proteins, and lipids and these materials are usually extracted
from various biomass including plants, animals, oils, and others. Combination
or blend of polysaccharides, proteins, and lipids is used to derive composite
edible packing material. The main objective of producing composite edible
packaging material is to have a packaging product with improved permeability or
mechanical properties.
Key product manufacturing companies are
majorly located in North America and Europe. This can be attributed to the
higher adoption of edible packing by the food manufacturers in these regions.
Moreover, high awareness among the consumers regarding the use of
environment-friendly packing materials has attracted consumers to edible
packing in the developed regions.
Furthermore, increasing innovations in
food packing and growing ban over single-use plastic across the world are
anticipated to fuel the product demand globally over the next few years. The
demand for processed food has been significantly growing globally, which is
expected to favorably impact the demand for edible packaging. However, few
shortcomings including high packing cost, hygienic issues during
transportation, and requirement of secondary packing are anticipated to hamper
the growth of the product globally.
Further
key findings from the report suggest:
• Protein segment is anticipated to
reach USD 518.1 million by 2025, exhibiting a CAGR of 6.6% from 2019 to 2025
• Pharmaceutical segment is expected to
witness the highest growth rate over the forecast period, in terms of revenue,
owing to rising pharmaceutical market across the world
• Increasing innovations in food
packaging and ban over single-use plastic across the world are anticipated to fuel
growth of the global market over the forecast period
• Some of the key companies present in
the market are WikiCell Designs, Inc.; MonoSol, LLC; Tate and Lyle Plc; JRF
Technology LLC; SAFETRACES, Inc.; Devro; Evoware; Ingredion, Inc.; NAGASE &
CO., LTD.; and Bluwrap.
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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