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Edible Packaging Market
The Edible Packaging Market is estimated to grow at a higher CAGR over the forecast period
The factors driving the growth of Edible Packaging Market includes growing demand or packaged food products around the world, growing concerns related to hygiene, emerging need to reduce the packaging waste materials and increasing use of edible packaging to enhance the shelf-life products. According to the report published by Bloomberg, the Global Packaged Food Market is anticipated to reach USD 34,434.6 million by the end of 2030, expanding at a CAGR of 6.03% over the forecast period (2022-2030), which will accelerate the Edible Packaging Market size in the approaching years. Moreover, the rising application of edible packaging solution in the food and beverage and pharmaceutical industries, technological innovations in the edible packaging and growing emphasis on reducing the dependence on fossil fuels, are some of the additional factors supplementing the market growth. In addition, the rising consumers preference for using environment friendly packaging solutions, increasing investments by leading players on research and development, and rapid urbanization, are further contributing towards the market growth.
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However, the growth of Edible Packaging Market is hindered due to high cost of manufacturing edible packaging solutions.
Based on of source, the plant segment is predicted to hold the highest market share during the forecast period
Government regulations regarding the ban on single-use plastics, is the major factor responsible for the segment’s growth.
Based on Region, the North American region is estimated to capture the largest market share over the forecast period
As per the Edible Packaging Market Trends, rise in the number of food service outlets, growing adoption of nanoencapsulation and multifaceted systems, innovation in the edible packaging, increasing population growth rates and high disposable incomes, are some of the important factors augmenting the market growth.
Market Segmentation
Segmentation by End Use
Food
Fresh foods
Bakery & confectionery products
Frozen foods
Beverages
Non-alcoholic beverages
Alcoholic beverages
Pharmaceuticals
Segmentation by Source
Plant
Animal
Segmentation by Packaging Process
Antimicrobial
Nanotechnology
Electrohydrodynamic
Coatings
Microorganisms
Segmentation by Raw Material
Seaweeds and algae
Polysaccharides
Lipids
Others (Surfactant, Composites, Carbohydrates)
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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