Asia Pacific Edible Packaging Market By End Users (Pharmaceutical, Food & Beverages), Materials (Lipids Based, Polysaccharides Based, Proteins Based, Composite Films Based, Surfactants Based)
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Market Report Description
The Asia Pacific Edible Packaging Market Size is anticipated to experience a growth rate of 8% CAGR during the forecast period (2017 - 2023).
Packed food is one of the safest ways to keep food fresh. However, packing food with plastic or paper has inherent threats. Edible packaging has come as an alternative to conventional packaging. Edible food packaging is sheet of edible coating, layered with a food ingredient. In simple words, edible packaging is when one can eat the food with its package.
The packaging provides various benefits such as it helps in reducing waste, creates product stability, provides safety to the product, and there is no compromise to the product's quality as well. Moreover, it provides convenience to the consumers as well. Increasing demand for high-quality, safe, convenient food, and products with long shelf life are some of the factors that have been driving the edible packaging in food & beverages and pharmaceuticals industry.
Edible packaging takes control on released ingredients, enhances sensory characteristics, and also protects the product from oxygen, moisture, heat, and other exposures. The product provides advantages to both the industries. In the coming years, the demand for edible packaging is expected to increase. Based on the End Users, the Edible Packaging market is segmented into Pharmaceutical and Food & Beverages.
Based on Materials, the market is segmented into Lipids, Polysaccharides, Proteins, Composite Films, and Surfactants. Based on Country, Edible Packaging market is segmented into China, Japan, India, Malaysia, Singapore, Australia and Rest of Asia Pacific. China remained the dominant Country in the Asia Pacific Edible Packaging market in 2016. Japan would witness promising CAGR during the forecast period (2017-2023).
The report covers the analysis of key stakeholders of the Edible Packaging market. Key companies profiled in the report include Tate & Lyle Plc, Devro Plc., Watson, Inc., Tipa Corporation, Safetraces Inc., Bluwrap, JRF Technology LLC., and Kuraray Holdings U.S.A., Inc. (MONOSOL LLC).