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)

-
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.

Comments

Post a Comment

Popular posts from this blog

Security Robot Market to Reach US$ 11.8 Billion by 2022

-
Image
Security Robot Market The Global Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period 2022 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Security robots are rapidly gaining traction due to their ability to enhance security and surveillance in various industries. These robots offer advantages such as round-the-clock monitoring, real-time video monitoring, and quick response to potential threats. The increasing need for advanced security measures to prevent theft, vandalism, and unauthorized access is driving the demand for security robots. These robots are widely used in industries such as retail, healthcare, transportation, and manufacturing to ensure the safety of assets and individuals. The market is expected to witness significant growth due to the rising security concerns and advancements in robotic technologies. Market Key Trends: One ke
Read more

Intravenous Fluid Therapy is the Fastest Growing Segment Fueling the Growth of Intravenous Solutions Market

-
Image
Intravenous Solutions Market The global Intravenous Solutions Market is estimated to be valued at US$ 577,228 bn or Million in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Intravenous solutions are fluids administered through a vein via a needle or catheter. They are often used to provide essential nutrients, medications, or fluids to patients. Common uses include rehydration, correcting electrolyte imbalances, and ensuring nutrition is delivered for patients who cannot eat or absorb nutrients through the digestive system. Market key trends: One of the major trends in the intravenous solutions market is the increasing use of intravenous fluid therapy. Intravenous fluid therapy involves the administration of aqueous solutions containing electrolytes, sugars, and medications through an intravenous catheter. It is widely used for rehydration, maintenance of f
Read more

Global Report on LED Driver Market for the Forecast Period 2023-2030

-
Image
LED Driver Market The LED Driver Market has been growing rapidly over the past few years, driven by the increasing demand for energy-efficient lighting solutions across residential, commercial, and industrial sectors. LED (light-emitting diode) lighting technology has several advantages over traditional lighting solutions such as incandescent and fluorescent lights, including longer lifespan, lower energy consumption, and lower maintenance costs. However, to power and control LED lights, an LED driver is required. The LED Driver Market was valued at USD 7.7 billion in 2020 and is expected to reach USD 10.5 billion by 2025, at a CAGR of 6.4% during the forecast period. LED drivers are electronic devices that regulate the power supply to LED lights. They convert AC voltage from a power source to DC voltage suitable for LEDs, and also provide the necessary current and voltage regulation to ensure proper functioning of the LED lights. LED drivers can be either constant current or constant
Read more