The global edible packaging market Growth Accelerated by Sustainability concerns
Edible packaging made from materials that are safe, non-toxic and eco-friendly and provide protection from damage and contamination during transportation and storage of food products. Edible packaging is manufactured using materials that add nutritional value and increase shelf life of food items. These materials include seaweed, algae, chitosan, and others. The global edible packaging market is estimated to be valued at US$ 1067.15 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Sustainability concerns regarding usage of conventional plastic packaging materials is expected to drive the growth of global edible packaging market during the forecast period. Growing awareness about environmental hazards of petroleum-based plastic disposal and stringent government regulations to curb plastic pollution has compelled packaging manufacturers to adopt eco-fri...