Europe Edible Packaging In Food & Pharmaceutical Market Forecast 2023-2032

Europe Edible Packaging In Food & Pharmaceutical Market Forecast 2023-2032

KEY FINDINGS

The Europe edible packaging in food & pharmaceutical market is predicted to record a 4.10% CAGR during the forecast period, 2023-2032. The market growth drivers include rising demand from the food and beverage sector, changing consumer lifestyles, increased demand for packaging and processed foods, growing consumer access to packaged goods, and concerns over plastic pollution.

MARKET INSIGHTS

The Europe edible packaging in food & pharmaceutical market growth evaluation includes the analysis of France, Spain, Italy, the United Kingdom, Germany, Belgium, Nordic Countries, and Rest of Europe. The France packaging industry, one of the largest and most established markets globally, is experiencing shifts in consumer spending and shopping habits due to changing demographics, urbanization, and employment rates. These factors drive the need for innovative packaging solutions, including edible packaging, expected to witness increased demand in the forecast period.

France’s stringent legislation against plastic packaging, such as the ban on single-use plastics by 2040, is set to propel the country’s edible packaging market growth. The commitment to recycling 100% of plastics by 2025 further emphasizes the need for sustainable packaging alternatives. With the recent adoption of laws promoting waste avoidance and the circular economy, the packaging industry in France is under pressure to provide eco-friendly solutions, thus driving the consumption of edible packaging.

On the other hand, Germany leads the edible packaging market, driven by the demand for reduced pack sizes in the packaged food and nutraceutical sectors. Factors like the rise of small or one-person households and the convenience of on-the-go packaging contribute to the increased demand for edible packaging materials. Additionally, the country’s legislation against plastic pollution is expected to boost the adoption of eco-friendly packaging solutions, including edible packaging.

COMPETITIVE INSIGHTS

Some of the leading market players include Devro, AllinAll Ingredients Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments