Edible Packaging Market Shows High Growth Due to Reduction in Overall Manufacturing Cost

Over the last two decades, global food industry has gone through vast changes in terms of consumer preferences. Demand for ready-to-use food is gaining momentum, which in turn, is expected to create demand for enhanced food packaging solutions. With global food industry players introducing novel products following trends in customer behavior, food packaging has also seen significant changes in terms of visual graphics, physical and chemical characteristics and biodegradability. Edible packaging is also a result of these trends in the food packaging industry.

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Traditional packaging creates pollution and takes too much time to decompose. Regulations from various government and environmental agencies has led packaging manufacturers to reduce utilization of plastics by introducing biodegradable packaging. Edible packaging is a breakthrough in the field of food packaging, which creates zero waste after consumption of food product. Edible packaging can be used for several applications including poultry, meat, fruits, vegetables and other such food products. Edible packaging provides barrier to oxygen and carbon dioxide between food and atmosphere, leading to enhanced shelf life of the product. Rising consumer awareness, coupled with regulations from various government & non-government organizations, the demand for edible packaging is expected to grow at a significantly high CAGR over the forecast period of 2016-2026.

Global Edible Packaging Market Dynamics

The demand for edible packaging, due to its several beneficial properties such as ecofriendly nature and biodegradability, is expected to grow significantly over the coming years. It also possess the potential in reducing waste of food packaging generated by corporate and residential areas across the globe. Further, environmental regulations to reduce the use of plastics for food packaging is pushing its demand...