Edible Packaging Market: Growing Consumption in Food and Beverages Industry to Bolster Growth

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. Apart from this, the fast-paced urbanization in emerging economies, together with the high growth of the population base is also strengthening the potentials of this market.
Over the forthcoming years, the increasing usage of edible packaging materials for the packaging of food products will boost this market substantially. The growing awareness about the attributes of edible packaging, such as the ease of handling while maintaining the quality and the shelf life of products, are also projected to drive the growth of this market in the near future. 
However, the high cost of the packaging machines and quality films used in edible packaging may limit its uptake to some extent in the years to come. The burgeoning adoption of modified atmosphere packaging may also prove to be a challenge for this market over the next few years.
Food and beverage manufacturing and pharmaceuticals are the two main end users of edible packaging across the world. Among these, the food and beverage manufacturing segment has occupied the leading position in this market.
It dominated the market with a share of more than 77% in 2016 and is anticipated to continue its leading streak over the next few years. The demand edible packaging is stronger in fresh food packaging and the scenario is likely to remain in the near future.

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