Dublin, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The "Edible Packaging - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Edible Packaging was estimated at US$638.7 Million in 2023 and is projected to reach US$882.8 Million by 2030, growing at a CAGR of 4.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BluWrap, Devro plc, Evoware, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
What are the Growth Drivers for the Edible Packaging Market?
The growth in the edible packaging market is driven by several factors, focusing heavily on environmental impact and sustainability. The urgent need to reduce plastic waste and food packaging litter has led to regulatory pressures and consumer demand for green packaging solutions, directly benefiting the edible packaging sector. Innovations in biotechnology and material science have enabled the development of edible films that are competitive in terms of mechanical and protective properties.
The growing trend towards minimalism and natural ingredients in food products also promotes the adoption of edible packaging, which can be marketed as an additive feature enhancing the overall product experience. Moreover, the increasing viability of incorporating active compounds that extend shelf life and improve food safety is making edible packaging a more attractive option for food manufacturers seeking integrated solutions to preservation and sustainability.
What Challenges Does Edible Packaging Face?
Despite its potential, edible packaging faces multiple challenges that hinder its widespread adoption. One of the primary concerns is the economic feasibility, as the cost of production for edible materials can be higher compared to conventional packaging due to the complex manufacturing processes involved.
There's also the issue of consumer acceptance; many people remain skeptical about eating the packaging along with their food, concerned about taste, hygiene, and safety. Additionally, the durability and protective capabilities of edible packaging often lag behind synthetic alternatives, posing limitations for use with a wide range of products, particularly those requiring long shelf lives or robust protection from environmental factors.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Proteins Material segment, which is expected to reach US$421.7 Million by 2030 with a CAGR of a 5.2%. The Polysaccharides Material segment is also set to grow at 5.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $168.2 Million in 2023, and China, forecasted to grow at an impressive 7.3% CAGR to reach $194.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Edible Packaging Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Edible Packaging Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Edible Packaging Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Select Competitors (Total 32 Featured):
- BluWrap
- Devro PLC
- Evoware
- JRF Technology LLC
- MonoSol, LLC
- Nagase America LLC
- Notpla Ltd.
- Safetraces, Inc.
- Skipping Rocks Lab
- Tate & Lyle PLC
- Tipa Corp.
- Watson, Inc.
- WikiCell Designs Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 268 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $638.7 Million |
| Forecasted Market Value (USD) by 2030 | $882.8 Million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Edible Packaging - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Demand for Sustainable and Eco-Friendly Packaging Solutions Drives Adoption of Edible Packaging
- Increasing Focus on Reducing Plastic Waste Strengthens Business Case for Edible Packaging
- Technological Innovations in Edible Films and Coatings Set the Stage for Market Growth in Edible Packaging
- Rising Adoption of Edible Packaging in Ready-to-Eat and Convenience Foods Expands Market Opportunities
- Technological Innovations in Edible Wrappers and Pouches Propel Adoption in On-the-Go Packaging
- Growing Applications of Edible Packaging in Bakery and Confectionery Drive Market Expansion
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/9uo45h
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