Global Edible Packaging Market is Expected to be Worth US$ 1,004.8 Million in 2021, with a CAGR of 6.9% Over The Forecast Period (2021-2028)

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Edible Packaging
Edible Packaging 

Edible packaging is a type of packaging used to wrap food or consumable products such as medicine. Edible packaging is typically used to extend the shelf life of food products. They are intended to be eaten and have a high biodegradability. Surfactants, polysaccharides, protein films, lipids, and composite films are some of the materials used in edible packaging.

Drivers of the Global Edible Packaging Market

The growing need to reduce packaging waste is propelling the Edible Packaging Market forward. Packaging accounts for roughly one-third of global waste. As a result of growing awareness about environmental issues such as solid waste disposal and reducing the amount of waste generated on landfills, there is a greater need for solid waste recycling in order to reduce waste generated on land. Edible packaging contributes significantly to landfill waste reduction.

The growing use of edible packaging to extend product shelf-life is driving the market growth. Growing safety concerns, combined with more efficient space utilization, are propelling market growth once more. The ability to extend the shelf-life of a product is driving demand for edible packaging, which also reduces waste. They are easily tampered with, making them an excellent choice for the packaging of various food products. As a result, the growing need to extend the shelf-life of food products is propelling the market growth.

Opportunities in the Global Edible Packaging Market

Growing demand for biodegradable films in edible packaging is expected to create lucrative growth opportunities. It reduces reliance on fossil fuels, and materials like composite films, polysaccharides, lipids, and cellulose- or starch-based materials can provide new functionalities and properties like biodegradability. Thus, rising demand for biodegradable films in edible packaging is expected to drive Edible Packaging Market growth in the near future.

Shifting preferences away from traditional case-ready packaging and toward portion-size packaging is expected to serve as a key growth opportunity. Portion-size packaging for food products allows consumers to use the appropriate amount of meat while also reducing food waste. This, in turn, is expected to provide enormous growth opportunities for the Edible Packaging Market. As a result of the increasing use of portion-size packaging, the market for edible packaging is expected to grow in the near future.

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