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Biodegradable Packaging is Fastest Growing Segment Fueling Growth of Edible Packaging Market

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Gauri Cmi
Biodegradable Packaging is Fastest Growing Segment Fueling Growth of Edible Packaging Market


Edible packaging involves the use of edible films and coatings to extend shelf-life of perishable food products. Edible films helps in moisture retention and provides a barrier to gases like oxygen and carbon dioxide. Films made from materials like proteins, polysaccharides and lipids are increasingly being used as sustainable alternatives to synthetic plastic packaging.

 

The Edible Packaging Market is estimated to be valued at US$ 1067.15 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

Rising awareness about environmental hazards of plastic waste disposal and stringent regulations on single-use plastic are fueling demand for biodegradable and edible packaging solutions. Biodegradable packaging segment is witnessing highest growth led by products made from seaweed, rice and other plant-based materials. Seaweed based films are gaining popularity due to their excellent oxygen and moisture barrier properties. These edible films can be consumed along with product after use, thus eliminating waste. Growing health-conscious consumer base is also spurring demand for packaging containing antioxidants and nutritional ingredients. Companies are innovating edible films with antimicrobial properties to increase shelf-life of perishables without Chemical preservatives.

Segment Analysis

The global edible packaging market can be segmented by type as polysaccharides, lipids, and proteins. Among these, the polysaccharides segment is dominating the market and accounted for over 40% share in 2023. Polysaccharides are further segmented as cellulose and its derivatives such as hydroxypropyl methylcellulose (HPMC), which are majorly used in edible packaging applications due to their multifunctionality in providing strength and flexibility to packages.

Key Takeaways

The Global Edible Packaging Market Size is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing demand for sustainable and environment-friendly packaging solutions from food & beverage industries.

Regional analysis

Europe dominated the global edible packaging market in 2023 and accounted for around 30% share, followed by North America. The growth in these regions is attributed to the stringent government regulations regarding the use of plastic packaging and adoption of biodegradable and edible alternatives. Asia Pacific is expected to be the fastest growing regional market, owing to the presence of major packaged food markets like China and India.

Key players

Key players operating in the edible packaging market are MonoSol, Kuraray Co. Ltd., JRF Technology, WikiFoods Inc., Safetraces Inc., and Tate and Lyle Plc.New Zealand Manuka Group, Hispanagar, Acroyali Holdings Qingdao Co., Ltd., Industrias Roko, S.A., Neogen, Merck Group, Agarindo Bogatama, Setexam, and Norevo GmbH. These players are focusing on new product launches and expansion strategies to strengthen their market positions.

 

Explore more information on this topic @ https://www.pressreleasebulletin.com/edible-packaging-market-scope/


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It is expected to go up by a CAGR of 6.2% during the period of forecast and estimated to touch US$ 1.1 billion by the completion of 2025.Edible packaging is a tinny material utilized for covering or packaging the medicines and food materials to lengthen its shelf life and can be used up together or else detached before intake.

According to the Food and Drug Administration (FDA) guidelines the packaging material necessitates to stick to the possessions of food safe constituents and achieve Generally Recognized As Safe (GRAS) rank.

Edible packaging material is typically taken out from the animals and biomass, for example plants and therefore, it is decomposable.Drivers:Increasing demand for recyclable packing, everywhere the world, increasing market of processed food and growing improvement in the packing of food items, everywhere the world, are the important reasons motivating the development.Progress in intake and usage of processed or ready-to-eat foodstuff products and the beverages, growth in the per head earnings of the customers, drop in wrapping waste, growth in hygiene associated problems between customers, extended shelf life of the food products, and most important transformation in the way of life are the most important reasons that are motivating the edible packaging industry.Conversely, this ecological method of wrapping supports to preserve the environment because these items are renewable, together with edible also and not hurtful for humanoid usage.

Therefore, reducing the usage of plastic wrapping and boosting the development of the global market for edible packaging.The multiplicity of developments in technology, for example, inauguration of nanotechnology in the packing and the introduction of fit proteins is expected to offer a number of openings and projections in the global edible packaging market.Restraints:The greater expenses of edible packaging material as equated to the man-made materials together with the greater controlling requirements is expected to hinder the development of the global edible packaging industry.Classification:The global edible packaging market can be classified by End Use, Material, Source, Technology of Process and Region.

By Source, it can be classified as Animals, Plants, and Others that includes Bee Wax, Algae, and Fish Processing Leftover.

Edible Packaging Market 2021 Industry- Emerging Trend, Top Players, Revenue Insights to 2025
Rahul Sharma 2021-02-08
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With reference to the report published by the experts the scope of the global Edible Packaging Market was priced at US$ 727.6 million in 2018.

It is expected to go up by a CAGR of 6.2% during the period of forecast and estimated to touch US$ 1.1 billion by the completion of 2025.

Market Overview: Edible packaging is a tinny material utilized for covering or packaging the medicines and food materials to lengthen its shelf life and can be used up together or else detached before intake.

According to the Food and Drug Administration (FDA) guidelines the packaging material necessitates to stick to the possessions of food safe constituents and achieve Generally Recognized As Safe (GRAS) rank.

Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/edible-packaging-market/request-sample Key Players:Bluwrap, Ingredion, Inc., Devro, JRF Technology LLC, MonoSol, LLC, NAGASE & CO., LTD., Evoware, SAFETRACES, Inc., Tate and Lyle Plc, and WikiCell Designs, Inc. Growth Drivers: Increasing demand for recyclable packing, everywhere the world, increasing market of processed food and growing improvement in the packing of food items, everywhere the world, are the important reasons motivating the development.

Progress in intake and usage of processed or ready-to-eat foodstuff products and the beverages, growth in the per head earnings of the customers, drop in wrapping waste, growth in hygiene associated problems between customers, extended shelf life of the food products, and most important transformation in the way of life are the most important reasons that are motivating the edible packaging industry.

Edible Nuts Market Driver, Trends, Applications & Business Strategy Forecast 2030
Roger 2023-09-08
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In this article, we will explore the thriving landscape of the Edible Nuts Market, its diverse varieties, health advantages, and the dynamic factors shaping its growth. Varieties of Edible NutsThe Edible Nuts Market boasts a rich assortment of nuts, each with its unique flavor, texture, and nutritional profile. Brazil Nuts: These nuts are a rich source of selenium, a mineral important for thyroid function and antioxidant protection. Sustainability: Sustainable sourcing and packaging practices are gaining importance in the edible nuts market, as consumers look for eco-friendly options. Challenges and Future ProspectsThe edible nuts market faces challenges related to price volatility, climate change impacts on nut production, and allergen concerns.
Edible Flakes Market Size, Key Players Analysis And Forecast To 2028 | Value Market Research
Ellma Gupta 2022-04-07
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The new research report titled "Edible Flakes Market, Global Industry Analysis, and Forecast to 2028" gives a detailed analysis and future forecasts of the market. The major players in the edible flakes market include Nestlé S. Get more information on "Global Edible Flakes Market Research Report" by requesting FREE Sample Copy at https://www. com/contact/edible-flakes-market/download-sampleMarket DynamicsGlobal edible flakes market is increasingly growing featured by healthier lifestyles, sustainability, and internationalization of diets. By Product·        Corn·        Oat·        Wheat·        OthersBy Distribution Channel·        Offline·        OnlineRegional AnalysisThis section covers regional segmentation which accentuates on current and future demand for edible flakes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Edible Mushroom Market Share Report 2021: COVID-19 Impact and Recovery to 2027
trending blogz 2021-12-29
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The list of prominent players in the edible mushrooms market includes Scelta Mushrooms BV (Netherlands), Monterey Mushrooms, Inc. Based on type, the edible mushrooms market is split into porcini mushrooms, portobello mushrooms, lion's mane mushrooms, oyster mushrooms, enoki mushrooms, cremini mushrooms, morel mushrooms, button mushrooms, and shiitake mushrooms. The North American regional Edible Mushroom Market Shares has led the market globally over the years. The European region will likely grow significantly in the global Edible Mushroom Market Share over the review timeframe. com/reports/edible-mushroom-market-4351Recent Developments·        October 2021- an agricultural products supplier, processor and retailer of mu'er mushrooms, shiitake mushrooms, other edible fungi and other agricultural products, Farmmi, disclosed that Zhejiang Farmmi Biotechnology Co.