Press Releases
Edible Packaging Market: Demand from Food and Beverage Manufacturing to Impel Market’s Growth

, 16 March 2017 -- The global market for edible packaging derive much of its growth from the increasing consumption of processed products, rising household income, and the increasing preference of consumers for hygienic and durable products.

The presence of only a few players, namely, MonoSol, LLC, WikiCell Designs Inc., JRF Technology LLC, and Tate and Lyle Plc., in the global market for edible packaging reveals its consolidated structure, states a new report by Transparency Market Research (TMR). The market is highly competitive at present and is anticipated to remain so over the next few years.

As per the research report, the global edible packaging market, which offered an opportunity worth US$0.77 bn in 2016, is expected to rise at a CAGR of 6.90% during the period from 2016 to 2024, attaining a value of US$1.3 bn by the end of the forecast period. The food and beverage manufacturing segment has acquired the leading position in this market and is anticipated to remain highly attractive throughout the period of forecast.

Know More Information & Download Brochure@

Market for Edible Packaging to Remain Strong in North America

According to the report, North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa are the prime geographical segments of the worldwide edible packaging market. It further present a regional analysis of this market on the basis of its performance in each of these regions. Among these, North America has emerged as the leading regional market for edible packaging, thanks to the U.S. being both, a prominent producer and consumer of edible packaging, across the world. The North America market for edible packaging held a share of more than 36% in 2016. The regional market is projected to remain on the top of the global market by the end of the forecast period, although with a slight decline in its share, which is attributed to its maturing state.

On the other hand, Asia Pacific is anticipated to offer a highly lucrative market to players in the near future, thanks to the rising awareness level of consumers regarding the benefits of edible packaging and the increase in their disposable income, which is impacting positively on their standard of living, fueling the demand for edible packaging in this region.

Urbanization and Changing Standard of Living to Have Great Influence on Demand for Edible Packaging

“The rising consumption of processed products, increasing household income, and the growing preference for hygienic and durable products among consumers have surfaced as the main driving force behind the growth of the global edible packaging market,” says an analyst at TMR. The upswing in urbanization in emerging economies is another important factor that is pushing this market to grow steadily.

In addition to this, the rising awareness among consumers about the attributes of edible packaging, such as the easy handling of products despite maintaining their quality and the shelf life is likely to propel this market substantially in the near future. However, the high cost associated with the packaging machines and quality films utilized in edible packaging may hamper the smooth sailing of this market, in the years to come. Apart from this, the escalating usage of modified atmosphere packaging may also limit the market’s growth to some extent in the near future, notes the study.

Browse Full Report@

# # #

Submitted by K Singha on Thursday, 16 March 2017 at 6:04 PM
Category: Science & Research
Related News

Mangroves vital for environmental decontamination
Saturday, 5 Aug 2017

Myelodysplastic Syndrome Therapeutics Pipeline Analysis - Collaboration and Other Developments
Thursday, 27 Jul 2017

Green Coatings Market Explores New Growth Opportunities by 2017-2023
Thursday, 27 Jul 2017

Bio Surgery Market is Expected to Be Biggest Emerging Market by 2024
Friday, 21 Jul 2017

Who learns foreign language better - introverts or extraverts?
Friday, 14 Jul 2017

Related Events

Geological Society - Building Resilience to Geohazards
Thursday, 7 Sep 2017

Geological Society - Building Resilience to Geohazards
Thursday, 7 Sep 2017

The Future of Energy Supply, London, 2017
Thursday, 21 Sep 2017

A New Space Age
Thursday, 9 Nov 2017

7th Annual Smart Grid & Smart Meters Summit
Tuesday, 28 Nov 2017

Latest News Simplifies Moving Process
Wednesday, 23 Aug 2017

correct steps for vertical roller mill operation
Wednesday, 23 Aug 2017

Placide Joliet Offers Customers Easier Moving Solutions
Wednesday, 23 Aug 2017

BTS7-7% off code for you to buy Runescape 2007 Gold and enjoy Fossil Island 8.24-8.31
Wednesday, 23 Aug 2017

Time to gain Back-to-School present:7% off RS3 Gold for Shattered Worlds 8.24-8.31
Wednesday, 23 Aug 2017

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Wednesday, 23 August 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • 17th Internatio\
  • Physician Assistant Board Review - A comprehensive review for PAs and NPs
  • Measuring Health Outcomes Melbourne August 2017
  • Driving Growth in Disability Housing Sydney August 2017

  • Latest Jobs
  • Gold Ore Milling Machine Advantages
  • London Investment Property
  • We Are Hiring A Content Manager!