ALBANY, New York, Feb. 26, 2020
- The growth will mainly come from food & beverage sector, and pharmaceutical sector. Opportunities created by legislations like marijuana legalization, and acceptance of therapeutics for chronic illnesses like cancer will be main drivers to growth
- The food segment accounted for 77% of total share in the edible packaging market in 2016. The segment will likely lead growth of the market over the forecast period
ALBANY, New York, Feb. 26, 2020 /PRNewswire/ -- Major opportunities for players in the edible packaging market lie in fresh food packaging. It is largely driven by rising awareness about healthy lifestyle, and the trend will likely continue in the same trajectory over the foreseeable future beyond the forecast period. North America will also likely retain its dominant position in total revenue share during the forecast period. The region accounted for 36% total market share in 2016. Recent legalization of marijuana, several new product launches, and growing demand for healthy lifestyle will drive growth in the North America region.
According to TMR analysts, the growing awareness about various feature of edible packaging, their ease of handling, and essential need of many edible food products to have a longer shelf life will create new opportunities for growth. According to TMR analysts, the high costs of packaging remains a major concern for end-players. Additionally, the atmospheric packaging remains a bright horizon of opportunities for players in the edible packaging market.
Key Findings in the Edible Packaging Market Study
Explore 170 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Edible Packaging Market (Material Type - Polysaccharides Lipid, Surfactant, Protein Films, and Composite Films; End User - F&B Manufacturing (Fresh Food, Cakes and Confectionery, Baby Food, and Dairy Products) and Pharmaceuticals)- Global Industry Analysis and Forecast 2016 -2024 at https://www.transparencymarketresearch.com/edible-packaging-market.html
Major Challenges in the Edible Packaging Market
Limited legalization of edible products like cannabis and high costs of packaging due to high-quality remains a concern in the edible packaging market. Products like Cannabis have been recently legalized in some states in United States. However, the legalization still remains a far prospect in regions like Europe, and Asia Pacific. The growing demand for legalization in the European region, and legalization in places like Amsterdam can pave way for road forward to new opportunities for growth.
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Edible Packaging Market: Region-wise Analysis
The global edible packaging market report will cover all regions including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, the North America will likely accelerate growth significantly over the forecast period, thanks to rising demand for food products, and other important edible packaging products like surfactants, composite films, among others. The growth in Asia Pacific will also be notable, thanks to growing awareness about edible packaging among consumers.
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Global Edible Packaging Market: Competitive Landscape
The global edible packaging market remains a fragmented, and competitive landscape. Relatively low costs of entering the market, and opportunities for innovation keep the market competitive, with low bars of entry. Some key players in the market like JRF Technology LLC, MonoSol, WikiCell Designs Inc, and Tate and Lyle Plc remain engaged in global partnerships to drive growth. The opportunities for global expansion in new regions, and several new product launches remains the highlight of competitiveness in the edible packaging market.
Analyze Edible Packaging market growth in 30+ countries including US, Canada, Germany, United Kingdom, GCC countries, India, China, and Japan. Request a sample of the study.
The edible packaging market is segmented as follows;
By Material Type
By End User
Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:
Edible Wraps Market – Developed with materials that are decomposable as well as microwave-friendly in nature, the demand for edible wraps is mounting high as more and more processed food brand owners are getting acquainted with the benefits of these wraps.
Baby Food Packaging Market – The increasing demand for stand-up pouches and thin wall containers owing to their hygienic, lightweight, safe, reusable, and easy to carry nature are some of the primary factors driving the global baby food packaging market.
Pet Food Packaging Market – The plastics segment represented 40.8% of the global pet food packaging market in 2017 and was valued at US$3,391.8 mn. The segment is likely to exhibit a strong 6.3% CAGR over the 2017-2022 forecast period to emerge with a market share of 43% by 2022.
Self-heating Food Packaging Market – Significant development in packaging technologies and growing adoption of intelligent packaging devices, including time-temperature indicators, sensors, self-cooling, and self-heating containers wherein electronic displays are embedded, are likely to boost the growth of the self-heating food packaging market during the forecast period.
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