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They demand more eco-friendly and sustainable packaging which has prompted food manufacturers to opt for alternative packaging such as edible packaging. Edible packaging has gained widespread adoption in cargo packaging due to their high tensile strength.
Segmentation
The global Edible Packaging Market Analysis has been segmented based on material and application.
By material, the Edible Packaging Market Analysis has been segmented into polysaccharides, lipid, protein films, and others. The lipid segment is leading the market. Lipid compounds act as an excellent barrier of oxygen and water vapor which helps in the prevention of contamination due to which they are extensively used in food packaging. The protein film segment is anticipated to be the fastest-growing segment over the forecast period.
By application, the Edible Packaging Market Analysis has been segmented into Food & Beverage, and Pharmaceutical. Application-wise, the food & beverage segment dominates the market. Augmenting demand for packaged food and beverages, including ready-to-eat meals, snacks, and frozen food products has augured the growth of the segment. Increasing disposable income in emerging economies such as Brazil, India, and China have favored the growth of the segment.
Regional Analysis
North America is the dominant market for edible packaging. The rapid expansion of the pharmaceutical industry has reflected favorably on the North America Edible Packaging Market Analysis. The US is the key contributor to the North America market. High demand for packaged food products and heightened awareness regarding hygiene in food packaging propels the demand for edible packaging in the region.
The Europe market accounts for an advantageous share of the global Edible Packaging Market Analysis. Innovation and development in the edible packaging space and growing demand for edible packaging in the region are supporting the growth of the Europe market.
The RoW market is likely to exhibit moderate growth over the forecast period due to the growing demand for edible packaging from the e-commerce sector.
Competitive Landscape
Interpack (U.S.), Ingredion Inc (U.S.), Evoware (Indonesia), Dupont de Nemours and Company (U.S.), Safetraces, Inc. (U.S.), Watson, Inc. (U.S.), Nagase & Co. Ltd. (Japan), Tipa
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