This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
New York, United States – June 16, 2020 /MarketersMedia/ —
Edible packaging is a thin material used for wrapping or coating food materials and drugs to extend the shelf life of the product and can be consumed together or removed before consumption. Packaging material needs to adhere to the properties of safe-food ingredients and attain Generally Recognized as Safe (GRAS) status as per the Food and Drug Administration (FDA) regulations. Edible packaging material is usually extracted from the biomass, such as plants and animals, and hence, it is biodegradable.
This market research report covers the global and regional market with an in-depth analysis. Furthermore, it sheds light on the comprehensive competitive situation of the global and regional markets. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
The high consumption of processed foods, rising packaging waste due to the use of synthetic polymers, and growing awareness on hygiene problems and environmental protection among people are the major factors that drive the edible packaging market growth.
Furthermore, the increased shelf life of products, increased disposable income for consumers, and increased living standards are also stimulating market growth. In addition, this eco-friendly packaging technology is not only renewable but also safe for human and edible consumption, conserving the environment to reduce the waste of plastic packaging and promote the growth of the food packaging market. However, the high cost of edible packaging is a major obstacle to the growth of the edible packaging market.
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The Major Players Profiled in This Report Include:
Tate and Lyle Plc
BluWrap, Watson, Inc
EnviGreen Biotech Private Ltd
WikiCell Designs in 2018 gained US$ 10 million as funding capital from several flagship companies and partners of Polaris. The company aims to influence the world by replacing plastic and other forms of packaging with delicious natural edible packaging.
In June 2016, MonoSol partnered with Dicosia, a food grade film customer, to package beverage ingredients in food in bags to dissolve and release their contents each time they are exposed to water.
In May 2017, Lactips developed an edible plastic made from milk protein (casein), claiming it has enormous potential for intelligent packaging in the food and beverage industry.
In May, 2019, BASF and Lactips announced that both companies have signed an exclusive contract to market Lactips’ water-soluble, 100% biobased and fully biodegradable material prepared from natural ingredients.
In November, 2019, Kuraray’s MonoSol Division announced plans to further expand its operations with the construction of a new manufacturing facility in Poland to meet rapidly increasing demand for its water-soluble and biodegradable films. Additionally, the company confirmed plans to increase manufacturing capacity at its recently completed plant near Indianapolis in Lebanon, Indiana. MonoSol is an integral part of Tokyo-based Kuraray Group, a leading global specialty chemical company.
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
Food & Beverages
Food & beverages was the dominant segment of the edible packaging market. Growing demand for processed food products across the world owing to changing lifestyles is anticipated to drive the demand for edible packaging in the coming years.
The pharmaceutical segment is anticipated to grow at the highest CAGR over the forecast period. This is primely attributed to the widespread use of edible packaging in the pharmaceutical industry for the packaging of capsules and growing global health awareness.
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North America occupied the majority edible packaging market share in 2019.
Asia Pacific region is presumed to develop at a rapidly growing market. Rapid urbanization and industrialization, availability of raw materials, low labor costs, and increasing disposable income of consumers are major factors stimulating the edible market growth in this region. As the ban on disposable plastics increases, increasing consumer awareness of the overuse of plastics for food packaging is another key factor driving significant demand for products in the region.
Edible Packaging Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Edible Packaging Market by Types
Chapter 4 Segmentation of Edible Packaging Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Edible Packaging Market in Major Countries
Chapter 7 North America Edible Packaging Landscape Analysis
Chapter 8 Europe Edible Packaging Landscape Analysis
Chapter 9 Asia Pacific Edible Packaging Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Edible Packaging Landscape Analysis
Chapter 11 Major Players Profile
11.1.1 Kuraray Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 JRF Technology
11.2.1 JRF Technology Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 WikiCell Designs
11.3.1 WikiCell Designs Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Edible Packaging Report Provide:
Potential opportunities and challenges analysis in the Edible Packaging market.
Current and future market outlook in the developed and emerging regional markets.
Detailed analysis of the segment that is expected to dominate the market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
Comprehensive & in-depth research and after-sales warranty by Global Market Monitor.
Analysis of Influences of COVID-19 to the present and future Edible Packaging market and related industry.
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