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The global Edible Packaging Market Size is expected to attain a market size of $1.0 billion by 2023, rising at a CAGR of 4.3% during the forecast period.
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. The factors driving the growth of edible packaging market is growing demand for processed foods, as the number of working population is significantly growing, the demand for processed food is growing rapidly.
Additionally, reduction in packaging waste, technological advancements in the form of edible packaging, and increase in shelf life of the products are some of the major factors contributing to the growth of edible packaging market. 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 region, Edible Packaging market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia Pacific (China, Japan, India, Malaysia, Singapore, Australia and Rest of Asia Pacific) and Latin America, Middle East & Africa.
Europe remained the dominant region in the global Edible Packaging market in 2016. Asia Pacific and North America would witness promising CAGR during the forecast period (2017-2023). The report covers the analysis of key stake holders 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).