Global Edible Packaging Market was valued around US$ 515 million in 2020 and is expected to showcase a CAGR of around 5.5% during the forecast period (2021-2027). A comprehensive overview of the edible packaging market is recently added by UnivDatos Market Insights to its humongous database. The edible packaging market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the edible packaging market. The edible packaging market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the edible packaging market at the global and regional levels.
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Processed foods occupy a significant share of many diets around the globe as these are widely available, cheap, and intensively marketed. The demand for edible packaging is rising dramatically across the globe owing to the growing consumption of processed food in many high-income countries leading to the increase in sales of processed and packaged food. For instance, the sales of packaged food across the globe were nearly USD 2,339.7 billion in 2015 and was gradually increased to USD 2578.9 billion in 2017 and USD 2,644.1 billion in 2019. Furthermore, advancement in technologies used in packaging and the ability of the edible packaging to maintain and prolong the shelf life of products to enhance the quality of the food is also propelling the market growth.
Furthermore, The growth of the edible packaging market across the globe is witnessing growth on account of the increasing packaging waste generation and coupled with the favorable government regulations across the world. For instance, United States generated nearly 80 million metric tons of packaging waste every year, as per Environmental Protection Agency. Nearly, 50% of the packaging waste in the country arises from food and beverage products. Owing to these high packaging waste generation and rising awareness regarding environmental concerns, the U.S. government is opting for alternative sources such as edible packaging.
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. All industries have suffered some form of loss due to the pandemic and the packaging industry has not been left untouched by this unprecedented crisis of modern times. This industry has its share of challenges due to the COVID-19 pandemic as the lockdown restrictions have resulted in the widespread closure of many production and manufacturing functions. As a result, there has been a decline in demand for certain types of packaging while accelerating growth for others asuch as packaging for e-commerce shipments emerging as lifelines in this new world.
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Global edible packaging market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Material Type, the market is primarily fragmented into
Amongst Material Type, the market is fragmented into proteins, polysaccharides, lipids, composite films and others. The proteins segment of the global edible packaging market was valued at USD -- billion in 2020 and is likely to reach USD -- billion by 2027 growing at a CAGR of --% from 2021-2027. However, polysaccharides segment is also expected to grow at a substantial CAGR in the projected timeframe.
By Source, the market is primarily segmented into
By Source, the plant segment dominated the global edible packaging market and will row at --% CAGR to reach US$ -- billion by the year 2027 owing to the growing demand for plant-based packaging material.
By End-Use, the market is primarily segmented into
By End-Use, the food & beverages segment dominated the global edible packaging market and will row at --% CAGR to reach US$ -- billion by the year 2027. However, the pharmaceuticals segment is also anticipated to grow at a considerable CAGR during the forecast period.
Edible Packaging Market Geographical Segmentation Includes:
Geographically, the North America region dominated the edible packaging market with almost US$ -- billion revenue in 2020 owing to increasing packaging waste generation and coupled with the favorable government regulations.
The major players targeting the market includes
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the edible packaging market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
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Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 COVID-19 IMPACT
6 GLOBAL EDIBLE PACKAGING MARKET REVENUE
7 MARKET INSIGHTS BY MATERIAL TYPE
8 MARKET INSIGHTS BY SOURCE
9 MARKET INSIGHTS BY END-USE
10 MARKET INSIGHTS BY REGION
11 EDIBLE PACKAGING MARKET DYNAMICS
13 EDIBLE PACKAGING MARKET TRENDS & INSIGHTS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
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