rushikesh Edible Packaging Market was worth US$ 597.94 Mn in 2022 and total revenue is expected to grow at a rate of 4.3 % CAGR from 2023 to 2029, reaching almost US$ 802.88 Mn in 2029.
Edible Packaging Market Overview:
This Edible Packaging market study looks at current and emerging industry trends and dynamics in the global Edible Packaging market. Edible Packaging Extensive market forecasting for the major market segments is carried out between 2022 and 2029. Extensive Edible Packaging market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Edible Packaging market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Edible Packaging market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Edible Packaging market environment. Increased demand for Edible Packaging is driving the market. The Edible Packaging market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape
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Segmentation:
Material
the market is sub-segmented into Polysaccharides, Lipid, Surfactant, Protein Films, Composite Films and Others. Lipid segment is expected to hold the largest share in the global editable packaging market during the forecast period as it is an excellent barrier of oxygen and water vapour and prevents the food products from contamination. Protein film segment is also anticipated to fuel the global editable packaging market growth in the forecast period. Protein film has features such as high immunity and proper functioning of the human body coupled with improvement in energy levels in humans, which is propelling the market growth in a positive way.
Application
the market is sub- segmented into Food & Beverages, Fresh Food, Cakes & Confectionery, Baby Food, Dairy Products, Pharmaceuticals and Others. The primary end user industries in the worldwide edible packaging market are food and beverages and pharmaceuticals. The product is commonly used for the packaging of numerous food goods in the food and beverage industry, including fresh food, cake and confectionery, infant food, dairy products, and functional foods rising global demand for processed food products as a result of changing lifestyles is projected to increase demand for edible packaging in the coming years. The pharmaceutical industry is predicted to increase at the fastest rate over the projection period. Edible packaging is commonly used in the pharmaceutical business for capsule packaging. Growing worldwide health awareness has fuelled the pharmaceutical and nutraceutical industries, which is predicted to boost product demand from 2023 to 2029.
by Material Type
Polysaccharides
Lipid
Surfactant
Protein Films
Composite Films
Others
by End-user
Food & Beverages
Fresh Food
Cakes & Confectionery
Baby Food
Dairy Products
Pharmaceuticals
Others
by Source
Plant
Animal
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
1. Nagase & Co. Ltd.
2. Pace International LLC
3. WikiCell Designs Inc.
4. MonoSol LLC
5. Tipa Corp.
6. Watson Inc.
7. Devro plc.
8. Tate & Lyle Plc.
9. JRF Technology LLC
10. Safetraces, Inc.
11. BluWrap
12. Skipping Rocks Lab
13. Interpack
14. Evoware
15. Coveris Holdigs
16. Dupont de Nemours and Company
17. Ingredion Inc
18. Notpla Ltd.
19. Avani
20. Amtrex Nature Care Pvt. Ltd.
21. EnviGreen Biotech Pvt. Ltd.
22. Regeno Bio-Bags
23. Apeel Sciences
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Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Edible Packaging market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
COVID-19 Impact Analysis on Edible Packaging Market:
The COVID-19 epidemic has had a significant impact on the global Edible Packaging industry. Edible Packaging Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Edible Packaging market to decelerate in 2022. The negative impact of COVID-19 on the Edible Packaging market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2022, owing to increased demand for Edible Packaging.
Key Questions Answered in the Edible Packaging Market Report are:
- Which segment was responsible for the largest share in the Edible Packaging market?
- How was the competitive scenario of the Edible Packaging market in 2022?
- Which are the key factors responsible for the Edible Packaging market growth?
- Which region held the maximum share in the Edible Packaging market in 2022?
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