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

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

KEY FINDINGS

The global edible packaging in food & pharmaceutical market is predicted to progress with a CAGR of 4.11% during the forecast period, 2023 to 2032. The market’s growth is attributable to key drivers, such as the rising concerns associated with increasing packaging waste, the growing demand for processed foods, and favorable initiatives through R&D and product launches.

MARKET INSIGHTS

Edible packaging in food & pharmaceutical is characterized as the thin layer of edible coating or film utilized for the packaging of consumable beverages, foods, etc. Several materials, such as protein, milk, alginate, and gelatin, may also be used to make these films.

The problem of the surge in plastic packaging waste is a rising global concern. Plastic packaging waste can have dire consequences on the environment; it pollutes oceans as well as waterways, harms wildlife, and contributes to higher greenhouse gas emissions. Moreover, various factors, such as changes in consumer behavior and lifestyle, growing population and urbanization, and the lack of effective waste management and recycling infrastructure across several regions globally, are further increasing plastic packaging waste. Therefore, the rising concerns associated with packaging waste plays an essential role in fueling the demand for edible packaging in food & pharmaceuticals, thus boosting the global market’s growth.

REGIONAL INSIGHTS

The global edible packaging in food & pharmaceutical market growth assessment entails a detailed evaluation of North America, Asia-Pacific, Europe, and Rest of World. North America captured the highest revenue share of 37.01% in 2022. The regional market’s growth is propelled by the rise of end-user sectors such as food, beverage, and nutraceutical, a sizable consumer base for edible packaging solutions, as well as the presence of a significant processed food and pharmaceutical sector.

COMPETITIVE INSIGHTS

Products offered by the majority of leading players in the global edible packaging in food & pharmaceutical market have a significant degree of transparency, especially in terms of compositions/production technologies. As a result, the intensity of competition is high. Some of the leading players operating in the global market include Devro, Glanbia Nutritionals Inc, Pace International, 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.
• The 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