Edible Packaging Market Latest Trends, Future Strategies And Growth Forecast Till 2030

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Edible Packaging Market
Edible Packaging Market

A type of packaging called edible packaging is used to package food items or consumables like medicines. The main goal of edible packaging is to extend the shelf life of food goods. They have the capacity to biodegrade well and are created to be consumed. Different materials, including surfactant, polysaccharides, protein films, lipid, and composite films, are used to make edible packaging.

The Edible Packaging Market is anticipated to reach US$ 1,004.8 million in 2021 and grow at a 6.9% CAGR during the projected period (2021-2028).

Due to increased consumer and producer worries about single-use plastics and a future ban, edible packaging has become more important. The opportunities for manufacturers have also been improved by developments in edible packaging supplies. In addition to offering a sustainable option for container uses in foodservice and delivery applications, edible packaging aids in reducing waste that would otherwise be produced from single-use plastics.

A London-based firm called Notpla developed edible seaweed packaging in October 2020 as a replacement for traditional plastic packaging. A New York-based business called Loliware began making edible straws made of algae and seaweed in January 2020. In order to effectively replace plastic packaging, a Polish designer by the name of Roza Janusz developed a biodegradable and edible packaging material called "Scoby" in October 2019. In terms of volume, North America owned the majority of the Edible Packaging Market worldwide in 2020, with a 35.7% share, followed by Europe and Asia Pacific. 

The rapid use of packaged food products is fueling market expansion in this area. The Edible Packaging Market is expanding due to the increased desire to eliminate wasteful use of packaging materials. About one-third of the rubbish in the world is packaging. Recycling of solid trash is therefore necessary in order to reduce the garbage produced on land due to increased awareness of environmental issues including solid waste disposal and reducing the amount of waste generated on landfills. The use of edible packaging helps keep waste out of landfills.

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