Edible Packaging Market Growth: From US$ 167.9 Million In 2023 To US$ 264.1 Million By 2032
Edible Packaging Market Growth: From US$ 167.9 Million In 2023 To US$ 264.1 Million By 2032 . (MENAFN - EIN Presswire) 
 Edible Packaging Market to Reach US$ 264.1 Mn by 2032, Growing at a 5.1% CAGR from US$ 167.9 Mn in 2023
  Edible Packaging Market Outlook 2032: Valued at US$ 167.9 Mn in ...
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(MENAFN- EIN Presswire) Edible Packaging to Reach US$ 264.1 Mn by 2032, Growing at a 5.1% CAGR from US$ 167.9 Mn in 2023

- Transparency Market ResearchWILMINGTON, DE, UNITED STATES, December 18, 2024 /EINPresswire / -- The global edible packaging market was valued at US$ 167.9 million in 2023 and is expected to grow at a CAGR of 5.1% during the forecast period of 2024 to 2032, reaching approximately US$ 264.1 million by the end of 2032. Advancements in packaging technologies, increasing demand for eco-friendly solutions, and a rise in health-conscious consumer behavior are key factors driving market growth.Download to explore critical insights from our Report in this sample -Analyst ViewpointAdvancements in packaging technologies are a significant factor in the expansion of the edible packaging market. Research and development in edible packaging are gaining momentum due to growing concerns over food safety, nutrition, and environmental sustainability. With increased consumer demand for healthy, minimally processed food options, edible films and coatings are being recognized as a practical solution to enhance shelf life, reduce packaging waste, and meet sustainability goals.Leading players are prioritizing the development of biodegradable and edible materials that adhere to stringent food safety and quality standards. Innovations in plant- and protein-based materials have emerged as a game-changer for food and beverage (F&B) manufacturers.Market IntroductionEdible packaging refers to materials that are safe for human consumption and serve as packaging for food and beverages. These materials are made from natural substances such as fruit peels, starches, proteins, and seaweed. By offering biodegradable and waste-free alternatives to conventional packaging, edible packaging minimizes environmental impact while preserving food quality and safety.Key advantages include:.Reduced environmental footprint.Improved food freshness and shelf life.Enhanced consumer convenienceMarket Drivers1. Advancements in Packaging TechnologiesThe rise of edible coatings and films as viable packaging solutions has significantly enhanced the market landscape..Edible Films: Utilized as sheets of solid lamination that can be removed or consumed..Edible Coatings: Sprayed or immersed in liquid form, creating a protective layer on food items.Innovations in coating techniques and sustainable materials are enabling manufacturers to meet consumer demand for eco-friendly solutions while optimizing food preservation. For instance, companies in the U.S. and Europe are actively investing in edible advanced packaging materials to address the growing need for sustainable and waste-free food packaging.2. Rise in Demand for Healthy ProductsThe growing preference for minimally processed foods with enhanced nutritional value is boosting demand for edible packaging. Made from ingredients such as soy protein, wheat gluten, gelatin, and lipids, these materials help:.Extend food shelf life.Improve safety and nutritional quality.Retain freshness and functional propertiesConsumers, particularly vegetarians and health-conscious individuals, are increasingly adopting foods with edible packaging due to their ability to preserve food quality without introducing harmful chemicals.3. Environmental SustainabilityPopulation growth, climate change, and environmental concerns are fueling the adoption of waste-free packaging solutions. Edible packaging addresses critical sustainability goals by reducing single-use plastics and other harmful packaging materials.Visit our report to explore critical insights and analysis -Regional OutlookEurope: Leading the MarketEurope dominated the global edible packaging market in 2023, driven by:.Strong presence of key players.Government support for eco-friendly packaging initiatives.Rising consumer demand for high-quality, labeled, and safe productsCompanies in Europe are continuously developing innovative edible packaging solutions that align with regulatory standards and consumer preferences. Food producers are enhancing plant-based coatings and films to meet growing demand for sustainable packaging.North America and Asia Pacific.North America: Growing focus on research and development, particularly in the U.S., is driving market expansion. Key companies are pioneering edible packaging solutions for the F&B and pharmaceutical industries..Asia Pacific: Rapid urbanization, population growth, and rising environmental awareness are creating lucrative opportunities for edible packaging manufacturers, particularly in China, India, and ASEAN countries.Key Developments in Edible Packaging Market.December 2021: MonoSol (Kuraray Co. Ltd.) raised prices for water-soluble films in the U.S. by 6%, signaling strong demand for edible packaging materials..September 2021: Pace International LLC launched PrimaFresh 60 Organic, an edible plant-based coating that enhances dehydration control and freshness in stone fruit.Market SegmentationBy Source.Plant Source.Animal SourceBy Material Type.Polysaccharides.Lipids.Surfactants.Protein Films.Composite FilmsBy End-use.F&B Manufacturing.Pharmaceuticals.OthersBy Region.North America (U.S., Canada).Europe (Germany, U.K., France, BENELUX, Nordics, Italy, Spain).Asia Pacific (China, India, ASEAN, Japan, Australia & New Zealand).Latin America (Brazil, Mexico).Middle East & Africa (North Africa, GCC Countries, South Africa)Competitive LandscapeKey players in the edible packaging market are focusing on capacity expansion, product innovation, and strategic partnerships to strengthen their market position. Leading companies include:1.MonoSol, LLC. (Kuraray Co. Ltd.)2.Notpla Limited3.Tate & Lyle PLC4.JRF Technology, LLC5.Bakeys Foods Private Limited6.Sunpack Corporation7.SafeTraces Inc8.Evoware9.Watson Inc.10 plcFilm Pharma Co., Ltd.ConclusionThe edible packaging market is witnessing steady growth, fueled by advancements in packaging technologies, rising consumer demand for healthier and sustainable solutions, and increasing environmental concerns. Europe remains the leading market, while North America and Asia Pacific are poised for substantial growth in the coming years. Innovations in plant-based coatings and protein films will play a pivotal role in shaping the future of the industry as key players continue to prioritize sustainability and product quality.Examine key highlights and takeaways from our Report in this sample –More From Transparency Market ResearchMerchandising Units MarketPunnet Packaging MarketAbout Transparency Market ResearchTransparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.Contact:Transparency Market Research Inc.CORPORATE HEADQUARTER DOWNTOWN,1000 N. West Street,Suite 1200, Wilmington, Delaware 19801 USATel: +1-518-618-1030USA – Canada Toll Free: 866-552-3453Website:Email: ...Follow Us: LinkedIn| Twitter| Blog | YouTube

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2024-12-17
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(MENAFN - EIN Presswire) 
 Edible Packaging Market to Reach US$ 264.1 Mn by 2032, Growing at a 5.1% CAGR from US$ 167.9 Mn in 2023
  Edible Packaging Market Outlook 2032: Valued at US$ 167.9 Mn in ...
Edible Packaging Market Growth: From US$ 167.9 Million In 2023 To US$ 264.1 Million By 2032