Global Edible Packaging Market is valued at US$ 1,004.00 Mn in 2022, according to the Global Edible Packaging Market Report, by Material Type (Polysaccharides, Lipid, Surfactant, Protein Films, and Composite Films), by End Use Type (F&B Manufacturing (Fresh Food, Cakes & Confectionery, Dairy Products, Baby Food, and Other Food Products), Pharmaceuticals, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA), as published by Coherent Market Insights.
Global edible packaging market was valued at US$ 1,004.00 Mn in 2022. Edible packaging market is expected to register a CAGR of 6.29% over the forecast period (2023–2030), to reach US$ 1728.08 Mn by 2030.
Global Edible Packaging Market-Impact of Coronavirus (Covid-19) Pandemic:
In January 3, 2020 to September 28, 2021, there have been 42,648,573 confirmed cases of COVID-19 with 683,243 deaths, reported to the WHO (World Health Organization). As of September 23, 2021, a total of 389,142,237 vaccine doses have been administered. There is no credible evidence that people can be infected with the COVID-19 virus from food or food packaging. According to a joint press release from the U.S. Department of Agriculture, the U.S. Food and Drug Administration, and the U.S. Centers for Disease Control and Prevention, some scientific studies have identified COVID-19 particles on food packaging, most of that researchers are indulged in finding the genetic fingerprint of the virus and not the live virus that can result in human infection.
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Key Trends and Analysis of the Global Edible Packaging Market:
North America Witnessed a Significant Market Growth
Key Takeaways of the Global Edible Packaging Market:
New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are the key strategies adopted by players in the global edible packaging market. For instance,