Edible Packaging Market Current Trends & Future Growth

1. Opportunity Analysis and Industry Forecast, 2016-2023 Edible Packaging Market Global Opportunity Analysis and Industry Forecast, 2017-2023

2. Edible Packaging Market Overview :- According to a new report published by Allied Market Research, titled, "Edible Packaging Market by Material type and End user: Global Opportunity Analysis and Industry Forecast, 2017-2023,"the edible packaging market was valued at $697 million in 2016, and is projected to reach at $1,097 million by 2023, growing at a CAGR of 6.81 % from 2017 to 2023. Europe is expected to be the leading contributor to the global edible packaging market, followed by North America and Asia-Pacific. The edible packaging market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to growth in urbanization, adoption of hygienic and packaging food products, and improvement in living standards of the consumers. Furthermore, continuous economic development in countries, such as India, China, and Australia, are expected to provide numerous growth opportunities to the market.

3. Edible Packaging Market Overview :- In 2016, the lipid-based edible packaging segment accounted for the maximum revenue share in the overall edible packaging industry as they are excellent barrier of oxygen and water vapor and prevents the food from contamination. Protein-based films are expected to grow at a fastest CAGR of 7.5% in the edible packaging industry owing to the value-added benefits of proteins to the body such as high immunity and proper functioning of human body as well as improvement in energy levels in humans. Protein films are made up of corn zein, gluten, and caseins, which are considered safe for human consumption. Moreover, the food & beverages segment held the highest market share in 2016 for of around 72% in the end user segment in the global edible packaging market. Read more at : https://www.alliedmarketresearch.com/edible-packaging-market

4. Top Impacting Factors :- • Reduction in Packaging Waste • Growth in Demand for Processed Food Product • Advancement in Technologies • High Cost • High Regulatory Requirement • Increase in Shelf Life of Products

5. Global Edible Packaging Market, By Region, 2016 (%):-

6. Shares of Packaging Waste Generated By Weight (%) EU:-

7. Edible Packaging Market Segmentation :-

8. Edible Packaging Market key Benefits :- • KEY BENEFITS: • This report provides an in-depth analysis of the global edible packaging market to identify the potential investment pockets. • It outlines the current trends and future scenarios to determine the overall market potential and gain stronger market foothold. • Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated. • Quantitative analysis of the edible packaging market from 2016 to 2023 is highlighted to recognize the financial competency of the market. • Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

9. Edible Packaging Market key Findings :- • Key Findings of the Edible Packaging Market: • In 2016, the lipids segment accounted for the maximum revenue, and is projected to grow at a notable CAGR of 6.1% during the forecast period. • The pharmaceuticals segment accounted for 27.56% in the global edible packaging market. • The U.S. is the major shareholder in the North America edible packaging market, accounting for more than 42% share in 2016. • Request Sample Pages

10. Edible Packaging Profiled Key Market Players:- • WikiCell Designs Inc • MonoSol LLC • Tate & Lyle Plc • JRF Technology LLC, • Safetraces, Inc • BluWrap • Skipping Rocks Lab • Tipa Corp • Watson • Devroplc. • Market players have adopted various strategies, such as product launch, collaboration & partnership and acquisition, to expand their foothold in the market.

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