The food sector is the biggest sector globally and plays an important role in the financial system of any country. Food items require well-packaging in a durable and sturdy way to evade spoilage. Containers, for instance, cans, cups, tubs, bottles, and sachets, are mainly used to pack food items. Growth in the demand and popularity for packaged foodstuff has changed the packaging sector/industry. Several vendors in the food packaging market are constantly initiating packaging materials which will help to put off the contamination of foodstuff. Packaging designs are likely to have a considerable influence on the buying decisions of consumers.
Growth in consumption and usage of processed/ready-to-eat food products and beverages, development in disposable income of customers, decrease in packaging waste, increase in hygiene-related issues among consumers, longer shelf life of the food products, and major change in standard of living are the major factors that are driving the edible packaging market. On the other hand, this ecological packaging method helps to preserve the atmosphere/environment as the items are renewable at the same time edible and also harmless for human usage thus decreasing the usage of plastic packaging ravage and propelling the global edible packaging market expansion. On the other hand, the higher expenditure of edible packaging substance as compared to the synthetic substances as along with the high regulatory needs is likely to obstruct the global edible packaging market development. A variety of developments in technology, for instance, beginning of nanotechnology in the packaging and the introduction of healthy proteins is projected to offer several opportunities and prospects in the global edible packaging market.
The global edible packaging market is classified based on end user, material type, and region. In terms of material, the global market is categorized into polysaccharides, surfactants, lipids, composite films, and proteins. In terms of end user, the global edible packaging market is divided into pharmaceuticals and food & beverages.
North America is projected to attain a major market share in the coming future. The U.S. is anticipated to be the both, an important consumer and producer of the global edible packaging market, which has been propelling the market in North America. This region is anticipated to show its dominance and control over the market in the coming years; amongst others, the global edible packaging market in Asia Pacific is projected to witness considerable perspective for future development, due to the growing awareness and knowledge among the customers related to the advantages of the edible packaging. The growth and increase in the disposable income of customers, which is influencing their everyday life, is also likely to reflect optimistically on the demand and popularity for the global edible packaging in this region in the coming future.
Some of the most important market players in the global edible packaging market are Devro Plc., WikiCell Designs, BluWrap, MonoSol LLC, JRF Technology LLC, Skipping Rocks Lab, Safetraces, Inc., and Tipa Corp., among others.