Albany, NY -- (SBWIRE) -- 12/01/2016 -- The global food industry has seen a sea change in the last two decades, with ready-to-use food becoming highly popular. This has also spurred the demand for better food packaging solutions such as edible packaging, among others. The report by Transparency Market Research (TMR), titled "Edible Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024," presents a detailed picture of the edible packaging market in terms of current trends, competitive dynamics, market size, and prospects in the coming years.
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On account of the inordinate time taken to decompose and the pollution caused by it, different government and environmental agencies have upped the ante against plastics use. They have been strictly urging manufacturers to supplant it with biodegradable packaging. This has provided a major boost to edible packaging – a breakthrough in the field of food packaging due to the zero waste it creates. Edible packaging is used in packing a range of food products, namely vegetables, meat, poultry, and fruits.
Edible packaging also has other advantages such as enhancing the shelf life of the product by acting as a barrier between oxygen and carbon dioxide between food and atmosphere. This, coupled with rising consumer awareness and regulations by various government and non-government organizations, will likely result in the edible packaging market growing at a cracking pace from 2016 to 2024. A major restraint on the market is the inferior mechanical properties of edible packaging compared to conventional packaging, finds the TMR report. An additional layer of packaging is required over the edible packaging for proper safety, making it costlier. Furthermore, despite the many advantages presented by the biodegradable nature of edible packaging, its inability to be used for long-term storage poses a major challenge.
Having discussed the market drivers and restraints, the report goes on to segment the market based on different parameters. Depending upon the raw materials used, for example, it divides the market into lipid, polysaccharides, proteins, and others. On the basis of end use, it divides the market into corporate sector, restaurants, household, food malls, and others. The market research study delves into each segment to study its revenue, market share, and future growth prospects.
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Geography-wise, the report studies Western Europe, Asia Pacific, North America, Eastern Europe, Latin America, and Middle East and Africa. Among them, North America, Asia Pacific excluding Japan, and Europe are predicted to hold a dominant share in the market. The report furnishes information about the shares and strategies of major players and offers suggestions to companies to enable them to strategize astutely. Major players profiled in the report are WIKIFOODS Inc. and MONOSOL Inc.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.