Nowadays, edible packaging is one of the most accepted packaging approach for fresh food, dairy food and other products. Edible packaging provides barrier to oxygen and carbon dioxide between food and atmosphere, leading to enhanced shelf life of the product. Edible packaging is a common technique of extending the shelf life of food related products without adversely impacting their quality. Edible packaging is segmented on the basis of material type, end use and region. New and innovative developments which includes production of edible packages that holds light-weight packaging are accumulating value to the edible packaging market.
Robust consumption of convenience and processed food has been the major growth drivers of the global edible packaging market. Rising awareness about minimal wastage of products and good quality have become consumers’ foremost urgency. This has accelerated the demand for edible packaging globally. Through edible packaging, there are no danger of wastage, impurity and degradation of content. Preservative use can be totally removed, helping the use of organic products. Apart from this, speedy industrialization in the emerging clusters of the globe, coupled with higher population growth is anticipated to bolster the growth of global edible packaging market during the period 2016-2026.
Food and beverage manufacturing and pharmaceuticals are the two main end users of edible packaging across the world. Among these, the food and beverage manufacturing segment has occupied the leading position in this market.
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It dominated the market with a share of more than 77% in 2016 and is anticipated to continue its leading streak over the next few years. The demand edible packaging is stronger in fresh food packaging and the scenario is likely to remain in the near future.
North America to Retain Dominance in Global Edible Packaging Market
North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa are the key regional markets for edible packaging across the world. North America, among these, has been leading the global market and acquired a share of more than 36% in 2016. The U.S., being both, a prominent producer and consumer of edible packaging, has been driving the North America market for edible packaging. Analysts project a dominance of this regional market over the next few years; however at a reduced share in the overall market, as a result of the maturing state of the market for edible packaging in North America.