The global Edible Packaging market size is projected to reach US$ 581.8 million by 2027, from US$ 473.3 million in 2020, at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period 2021-2027. Rising demand for biodegradable packaging across the world is fueling the innovation in food packaging
Edible packaging is used for coating or wrapping various food and pharmaceutical products to extend their shelf life. This type of packaging can be consumed along with the food.
Based on product type, Polysaccharides are expected to be the most lucrative during the forecast period. At low and moderate humidity, polysaccharides can operate as a significant barrier to oxygen and carbon dioxide.
Based on end-user, Food & beverages are expected to be the most lucrative segments. Edible packaging is commonly used for the packaging of numerous food products including fresh food, cake and confectionery, infant food, dairy products, and functional foods. Furthermore, the rising demand for processed food products around the world as a result of changing lifestyles is expected to fuel demand for edible packaging.
Based on region, the North Americas occupied the highest share of the edible packaging market during 2017. The region will retain its market dominance share throughout the forecast period and this can be attributed to factors such as the growing demand for the packaged food market.
Ans. The growing popularity of edible packaging as it is a useful alternative or addition to conventional packaging to reduce waste and to create novel applications for improving product stability, quality, safety, variety, and convenience for consumers.
Ans. Based on region, the North Americas occupied the highest share of the edible packaging market during 2017. The region will retain its market dominance share throughout the forecast period.
Ans. Based on end-user, Food & beverages are expected to be the most lucrative segments.
Ans. The forecast period for the edible packaging market is 2021 to 2027
Ans. The global Edible Packaging market size is projected to reach US$ 581.8 million by 2027, from US$ 473.3 million in 2020, at a CAGR of 3.5% during 2021-2027
Ans. The major vendors operating in the edible packaging market include Kuraray, JRF Technology, WikiCell Designs, Tate and Lyle, BioFilm, Devro, Watson Inc
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