Edible Packaging Market
The Demand for Processed Food Products and Packaged Beverages that Necessitates the Application of Edible Packaging is on the Rise. Know More with FMI
Edible Packaging Market By Material, Source, Packaging Process, End-user & Region - Forecast 2023-2033
Edible Packaging Market Outlook
The edible packaging market is predicted to develop from US$ 1.10 Bn in 2023 to US$ 4.18 Bn by 2033, mounting at a prominent CAGR of 14.31% over the forecast period. The growing demand for biodegradable packaging along with a surge in packaging innovations is pushing this fast development globally, owing to its capacity to deliver secure and sanitary transportation of edible packaged food.
|
Attributes |
Details |
|
Edible Packaging Market Value (2023) |
US$ 1.10 Bn |
|
Edible Packaging Market Expected Value (2033) |
US$ 4.18 Mn |
|
Edible Packaging Market Projected CAGR (2023-2033) |
14.31% |
|
Edible Packaging Market Historical CAGR (2018-2022) |
6.2% |
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Edible Packaging Market: What’s Pushing it Forward and What’s Holding it Back
The landscape is changing at an astonishing speed due to several prevailing dynamic forces. Since traditional packaging materials produce waste that harms the environment, edible packaging has become quite popular. Leading businesses are now embracing edible packaging solutions that work as an oxygen barrier for food and are built with milk proteins, vitamins, and probiotics. The following are the factors driving market growth:
- Governments all around the globe have implemented a prohibition on single-use plastic due to rising awareness about the uncontrolled use of plastic and its adverse effects on the environment.
- Concerns over waste management increased along with the need for environmentally friendly materials for food delivery and other food service purposes.
- The demand for edible packaging is being fueled by the growing use of edible packaging to improve the safety and shelf-life of the products.
- The adoption of lightweight packing grew as the application of air cushion bags in the packaging industry increased. The rapid adoption of edible packaging by various businesses for lightweight food and beverage packaging is gaining traction.
- The use of edible coatings and films is expected to succor market growth as the demand for processed food and packaged beverage items, which necessitate packaging with a longer shelf life, increases.
- The rising awareness of environmental issues, such as reducing the quantity of solid waste disposal produced in landfills and the growing need to decrease packaging material waste, promotes the use of edible packaging, which is crucial in lowering landfill waste.
Even though the edible packaging market is expanding reasonably, it is still likely to struggle and encounter challenges because of a few restraints, including:
- Many unfavorable traits, such as the increased sensitivity of edible packaging to environmental variables and the requirement for special handling during storage and transit.
- Since edible packaging must maintain hygienic requirements while being transported, it is costly to produce.
- A threat to this market might potentially emerge from the growing use of modified atmosphere packaging.
- The edible surfaces are more prone to gather debris, bacteria, and other dangerous elements that might spoil the food product.
- Other application-related issues like consumers' unwillingness to eat food with the food packaging.
The Rising Necessity for Recyclable Packaging to Limit the Usage of Single-use Plastic Provides Attractive Growth Opportunities
Key manufacturers are concentrating on adopting Nano-technological methods to improve the nutrients in food, such as Nano-encapsulation and multifunctional systems. The food is expected to be protected from heat, moisture, and other contaminants owing to these technological developments. Another aspect creating market opportunities is the significant increase in demand for biodegradable packaging solutions throughout the world.
It is anticipated that the growing demand for biodegradable films in food packaging would present significant revenue opportunities. It lessens reliance on fossil fuels and increases dependence on substances like lipids, composite films, polysaccharides, and cellulose- or starch-based materials that offer novel functions and attributes like biodegradability. Therefore, it is anticipated that rising demand for biodegradable films in edible packaging is likely to support the market expansion of edible packaging over the forecast period.
Portion-size packaging is predicted to be more prevalent as consumers shift their interests away from traditional case-ready packaging. Food items that are packaged in portion-sized units allow consumers to utilize the precise amount of food needed while also lowering food product waste. This are likely to present the edible packaging industry with huge untapped opportunities.
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Talk to AnalystGlimpses of the Historical Market Scenario and Current Growth Indicators
The market for edible packaging is witnessing an economic boom as the food industry undergoes dramatic modification. The global edible packaging market is enlarged from US$ 727.60 Mn to US$ 925.53 Mn between 2018 and 2022 with a CAGR of 6.2%.
Choosing the most appropriate direction for the growth of the edible packaging industry is crucial since consumers and food processors are becoming more interested in environmentally friendly packaging options as a result of increased awareness of plastic waste. The global edible packaging market is anticipated to increase as a result of increased investment in research and development in the industry. The market is anticipated to evolve gradually depending on several factors.
- Short Term (2023 to 2026): The fast-paced contemporary lifestyle and rising economic status of individuals have increased the consumption of processed food items, which is expected to drive the demand for edible packaging as a substitute for harmful plastics.
- Medium Term (2026-2029): Quick-service food and beverage suppliers are likely to determine that edible packaging is the optimum packaging for their products since these allow customers to order their meals in eatable boxes at restaurants.
- Long Term (2029-2033): As more individuals become conscious of their carbon footprint and waste contribution, there is an emphasis being placed on developing new innovative bio-products. These factors are anticipated to continue to create lucrative business opportunities for both established players and new entrants in the global market.
During the forecast period, the global edible packaging market is anticipated to grow from US$ 1.10 Bn in 2022 to US$ 4.18 Bn by 2032 with a CAGR of 14.31%.
Comparative Analysis of Adjacent Markets
Edible Packaging Market:
|
Differentiating Aspects |
Edible Packaging Market |
|
CAGR |
14.31% |
|
Market Valuation in 2023 |
US$ 1.10 Bn |
|
Projected Market Value in 2033 |
US$ 4.18 Bn |
|
Growth Factors |
The increased demand for processed food products and packaged beverages, which necessitates packaging with a longer shelf life, are likely to support market expansion. |
|
Trends |
The trend of the ongoing product invention by key market players for a sustainable packaging solution is anticipated to promote market expansion. |
|
Opportunities |
It is also anticipated that new government regulations favoring edible packaging and the development of infrastructure for raw materials like plant-based sources are likely to create market opportunities. |
Edible Films and Coating Market:
|
Differentiating Aspects |
Edible Films and Coating Market |
|
CAGR |
9.2% |
|
Market Valuation in 2023 |
US$ 2.84 Bn |
|
Projected Market Value in 2033 |
US$ 6.84 Bn |
|
Growth Factors |
Given the necessity to increase the self-life of the food and the requirement to make better utilization of the spare packing space, there is likely to be an increase in demand for edible films and coatings |
|
Trends |
The industry is growing as consumers are getting mindful of their environmental effects and demand goods that are packed with biodegradable materials. |
|
Opportunities |
Consumption of ready-to-eat food has grown owing to the hectic timetables of people across the world, and so has the demand for edible films and coatings. |
Food Packaging Market:
|
Differentiating Aspects |
Food Packaging Market |
|
CAGR |
5.3% |
|
Market Valuation in 2023 |
US$ 353.70 Bn |
|
Projected Market Value in 2033 |
US$ 592.82 Bn |
|
Growth Factors |
Demand for smart food packaging solutions is growing as consumers nowadays buy online and use various food purchase and delivery smartphone applications. |
|
Trends |
The trend for clean-room and hygienic packaging for consumable goods is one of the core drivers of the food packaging market. |
|
Opportunities |
Leveraging data-encrypted technology like barcodes, Labels, QR codes, RFIDs, etc., intelligent packaging is aiding in establishing relationships with customers. |
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Category-wise Insights
Why does the Food and Beverage Segment Dominate the Market?
Based on end-user, the edible packaging market is bifurcated into food & beverage and pharmaceuticals.
With a market share of close to 80% in 2021, the food and beverage category dominated the industry, and it is projected that this trend would continue over the forecast period. In the food and beverage industry, edible packaging is widely used to package a range of food products, including bakery and confectionery, fresh food, baby food, dairy products and functional food ingredients. The market for edible packaging is also likely to expand as demand for processed food rises worldwide as a result of changing lifestyles.
Over the forecast period, the pharmaceutical category is anticipated to grow at the fastest rate. In the pharmaceutical sector, edible packaging is mostly deployed for capsule packaging. Global pharmaceutical and nutraceutical industries have been fueled by rising health consciousness, which in turn is anticipated to positively influence market growth.
How Does Protein Segment Offer a Substantial Potential in the Market?
Depending on the material, the edible packaging market is segmented into protein, polysaccharides, lipids, and others.
The protein material segment dominated the market in 2021 with 48.9% of the global revenue share and is anticipated to retain its dominance over the forecast period. On the global market, protein is a substance that is mostly chosen. Protein films can be made out of casein, whey, collagen, soy, gelatin, plants, and gluten. These films have superior mechanical properties contrasted to other material categories because of the unique structure of proteins. Since they provide a barrier to vapours, gases, and oils, protein films can also stop food from microbial development, biological degradation, moisture migration, and oxidation of nutrients, which has increased the demand for protein films in edible packaging.
The polysaccharides segment is estimated to witness the fastest growth over the forecast period. The primary sources include chitin, starch, cellulose, gum, and others. In addition to producing edible films with acceptable mechanical and optical properties, polysaccharides are also extremely sensitive to moisture, which is a serious issue in the food industry because moisture levels can easily trigger food to go rotten. Polysaccharides are also widely utilized to create edible packaging because they operate as a strong barrier to oxygen and carbon dioxide under moderate to low humidity, extending shelf life and being a major contributor to the expansion of this market.
Country-wise Insight
The presence of a Large-sized Processed Food Industry in the United State Drives Regional Growth in North America
North America represented the largest share of the global market in 2021 which is almost 36.20%, making up the majority of it. Given the significant presence of pharmaceutical and processed food industries coupled with the existence of key manufacturers of edible packaging, it now has a prominent position on the global market and is estimated to grow at a CAGR of 5.7% over the forecast period. Additionally, the North American edible packaging market is anticipated to be fueled by increased innovation in the field of edible packaging throughout the forecast period, particularly in the United States.
The United States edible packaging market is the largest in North America and is anticipated to expand at a CAGR of 6.5% over the forecast period. Greater than before demand for packaged foods for lifestyle changes, huge customer base in edible packaging solutions, businesses countenancing improvements and developments and abandoning the conventional methods of packaging, growing acceptance of edible packaging by food & beverage manufacturers and foodservice outlets to reduce wastage and provide incentive via federal tax benefits, paradigm move to edible substitutes from the use of single-use plastics to diminish packaging waste, and presence of several food packaging producers are adding to the global edible packaging market growth in the United States
The Demand for Biodegradable Packaging in Germany Creating High Demand in Europe
Europe is the second largest region in the edible packaging market. It held 29% of the global market in 2021. Due to the expansion of the food and beverage industry in this area, Europe is anticipated to exhibit encouraging development in the global edible packaging market.
In the market for edible packaging in Europe, Germany holds the largest market share. During the forecasted years, the demand for edible packaging is anticipated to grow at a pace of 6.4% CAGR. Due to the significant demand for food packaging as well as the quick growth and invention of goods, the packaging sector in Germany continues to have a strong foundation. The German Bundesrat, the upper house of parliament, approved new packaging in March 2019 intending to promote package waste recycling. In addition, German food delivery services are investing in and collaborating with producers of biodegradable packaging as governments and businesses globally work to cut back on plastic waste.
Asia Pacific Remains at the Top in Terms of Revenue CAGR
The Asia Pacific market is expected to grow at the quickest rate during the forecast period, with a CAGR of about 8%. In 2021, the market maintained a share of 24.5% of the global market. As a result, during the forecast period, the Asia Pacific edible packaging market may overtake that of European edible packaging. Rising consumer awareness of the harmful impacts of excessive plastic use for food packaging along with growing plastics bans is the primary factor behind the unusual demand for the product in the region. Growth in the pharmaceutical and food and beverage industries is also predicted to increase product demand during the next years.
The largest market for edible packaging, which makes up about half of the regional market's supply, is China. On the other hand, Japan and South Korea are the quickest developing nation when it comes to the edible packaging market.
Why is China becoming a Core Country of Greater Significance?
The burgeoning industrialization, soaring urbanization, rising consumer recognition of the advantages of edible packaging, rapidly increasing disposable income of consumers, and refining the living standard of people are all factors that have contributed to the growth of the Chinese edible packaging market. The industry is also being driven by customers' growing preference for items that are mostly retort-packed to make them shelf-stable and contain fish, pork, and vegetables. Moreover, customers in the nation are becoming more and more accustomed to purchasing ready-to-eat meals.
What Improvements are Anticipated in South Korea?
Owing to the increased consumer consciousness of the advantages of edible packaging, South Korea is expected to rise quickly. The biggest factor in the South Korean edible packaging market's growth is the shifting consumer preference for foods that come in convenient package solutions and provide ideal dietary advantages to satisfy daily needs. Additionally, a better way of life and consumer expenditure on packaged and fast meals are projected to support market growth in this country.
What Major Potential Does Japan Offer?
Customers' increasing awareness of the negative effects of excessive plastic food packaging use and the widening prohibition of single-use plastics, the booming food & beverage, and pharmaceutical industries, the rising demand for packaged foods, and the widespread and simple availability of raw materials, are all driving the growth of the Japanese edible packaging market.
Edible Packaging Market Initiatives: Recent Investments from Well-Known Brands in Start-ups
For new businesses and entrepreneurs, the edible packaging sector offers several opportunities. Although the industry is still in its infancy, many developments and discoveries are forthcoming. Market startups are making every effort to offer the best edible packaging options. To enhance market penetration and adjust to the technology requirements of application sectors, new entrant techniques frequently involve the introduction of new products, product upgrades, and product extensions. Additionally, they are spending a lot of money on R&D to provide distinctive packaging to the end-use sectors and set their product range apart from that of their rivals.
Top Startups to Keep an Eye on
Notpla - United Kingdom
The company's goal is to eliminate packaging. Its assortment of cutting-edge, all-natural packaging options produced from plants and seaweed decompose and degrade organically, exactly like a piece of fruit. Each device addresses a distinct plastic issue that we found across a variety of sectors, including electronics, food, fashion, and cosmetics. The business introduces new formats and designs for consumer items, as well as materials, proprietary production equipment, and procedures.
- In October 2020, as a substitute for traditional plastic packaging, Notpla developed edible seaweed packaging.
Evoware - Indonesia
Evoware creates packaging that is edible, biodegradable, and kind to the environment. It works for both food goods and material that is not based on food. Additionally, they provide seaweed-based packaging, a practical and nutritious alternative to traditional packaging. Since they don't require pesticides or fertiliser during manufacturing, algae are an extremely environmentally beneficial raw resource. They also take up CO2 as they are growing.
- In September 2022, during the What's Up Café celebration of the company's second birthday, the Ello Jello cup was introduced by Evoware. These cups are made from seaweed and are not only sustainable but also tasty.
Recent Developments by Major Manufacturers such as JRF Technology, Pace International, and BASF SE to Expand Their Footprint in Different International Markets
JRF technology has extensive expertise in the chemistry, formulation, mixing/blending, and film production techniques currently employed in the sector. Additionally, the business has extensive expertise in packaging and converting films into practical forms such as film strips, die-cut shapes, and packages of various kinds. Its area of expertise also includes the transformation of soluble polymer systems into gels, chews, tablets, beads, extruded forms, and liquid delivery methods. JRF Technology offers services in product formulation, research, and development for transforming soluble polymers into value-added consumer goods that are simple to use.
- In February 2021, JRF Technology LLC introduced an edible film strip containing BerryShield Elderberry from INS Farms, a provider of black elderberries in North America.
For the fresh produce business, Pace International is a leader in sustainable postharvest solutions. Pace creates cutting-edge solutions in partnership with growers, packers, and agricultural organizations that improve, safeguard, and maintain fruit and vegetable quality while minimizing food waste and safeguarding the environment. To preserve freshness and flavor and lengthen the shelf life of pome fruits, citrus, cherries, stone fruits, tropical fruits, and vegetables, Pace advances and offers a wide range of traditional and organic product lines for usage in stockpiling and the packing line through its wide-ranging network of facilities and distribution partner companies.
- In September 2021, PrimaFresh® 60 Organic was introduced by Pace International LLC. PrimaFresh 60 OR, a premium brand of organic edible plant-based coatings from Pace, was developed specifically to enhance stone fruit's fresh appeal by better managing dehydration.
BASF SE is a chemical corporation. Chemicals, polymers, crop protection products, and performance goods are produced, marketed, and sold by it. Solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides are among the company's product offerings. Construction, furniture and wood, agricultural, electronics and electrical, paints and coatings, automotive, home care, nutrition, chemicals, and other sectors are among the many that the firm services. A global network of production sites supports the company's operations.
- In August 2022, the premier coatings company Nippon Paint China and BASF jointly introduced eco-friendly edible packaging, which the Nippon Paint dry-mixed mortar series products have embraced.
Some of the other key companies flourishing in the market are:
- WikiCell Designs Inc.
- Tate & Lyle Plc.
- Safetraces, Inc.
- Tipa Corp
- MonoSol, LLC
- Watson, Inc.
- Interpack
- Coveris Holdigs,
- Devro plc
- Dupont de Nemours and Company
- Ingredion Inc
- Nagase & Co. Ltd.
Key Segments in the Edible Packaging Market
By Material:
- Protein
- Polysaccharides
- Lipid
- Others
By Source:
- Plant
- Animal
By Packaging Process:
- Antimicrobial
- Nanotechnology
- Electrohydrodynamic
- Coatings
- Microorganism
By End-user:
- Food & Beverages
- Pharmaceuticals
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
Frequently Asked Questions
The edible packaging market accounted for a market value of US$ 1.10 Bn in 2023.
The edible packaging market is estimated to record a CAGR of 14.31% during the forecast period.
The edible packaging market size is predicted to be valued at US$ 4.18 Bn by 2033.
North America dominates the global edible packaging Market.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018-2022 and Forecast, 2023-2033
4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2018-2022
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2023-2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Material, 2018-2022
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Material, 2023-2033
5.3.1. Protein
5.3.2. Polysaccharides
5.3.3. Lipid
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Material, 2018-2022
5.5. Absolute $ Opportunity Analysis By Material, 2023-2033
6. Global Market Analysis 2018-2022 and Forecast 2023-2033, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By End Use, 2018-2022
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By End Use, 2023-2033
6.3.1. Food & Beverages
6.3.2. Pharmaceuticals
6.4. Y-o-Y Growth Trend Analysis By End Use, 2018-2022
6.5. Absolute $ Opportunity Analysis By End Use, 2023-2033
7. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2018-2022
7.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2023-2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018-2022 and Forecast 2023-2033, By Country
8.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022
8.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2023-2033
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Material
8.2.3. By End Use
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Material
8.3.3. By End Use
8.4. Key Takeaways
9. Latin America Market Analysis 2018-2022 and Forecast 2023-2033, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022
9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2023-2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Material
9.2.3. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Material
9.3.3. By End Use
9.4. Key Takeaways
10. Europe Market Analysis 2018-2022 and Forecast 2023-2033, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022
10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2023-2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. U.K.
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Material
10.2.3. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Material
10.3.3. By End Use
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018-2022 and Forecast 2023-2033, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022
11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2023-2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Material
11.2.3. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Material
11.3.3. By End Use
11.4. Key Takeaways
12. MEA Market Analysis 2018-2022 and Forecast 2023-2033, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018-2022
12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2023-2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Material
12.2.3. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Material
12.3.3. By End Use
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. U.S.
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Material
13.1.2.2. By End Use
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Material
13.2.2.2. By End Use
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Material
13.3.2.2. By End Use
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Material
13.4.2.2. By End Use
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Material
13.5.2.2. By End Use
13.6. U.K.
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Material
13.6.2.2. By End Use
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Material
13.7.2.2. By End Use
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Material
13.8.2.2. By End Use
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Material
13.9.2.2. By End Use
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Material
13.10.2.2. By End Use
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Material
13.11.2.2. By End Use
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Material
13.12.2.2. By End Use
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Material
13.13.2.2. By End Use
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Material
13.14.2.2. By End Use
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Material
13.15.2.2. By End Use
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Material
13.16.2.2. By End Use
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Material
13.17.2.2. By End Use
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Material
13.18.2.2. By End Use
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Material
13.19.2.2. By End Use
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Material
13.20.2.2. By End Use
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Material
14.3.3. By End Use
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. WikiCell Designs, Inc.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. MonoSol
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. LLC
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Tate and Lyle Plc
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. JRF Technology LLC
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. SAFETRACES, Inc.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Devro
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Evoware
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Ingredion, Inc.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. NAGASE & CO., LTD.
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
15.1.11. Bluwrap
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.11.5.2. Product Strategy
15.1.11.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Mn) Forecast by Region, 2018-2033
Table 2: Global Market Volume (Tons) Forecast by Region, 2018-2033
Table 3: Global Market Value (US$ Mn) Forecast by Material, 2018-2033
Table 4: Global Market Volume (Tons) Forecast by Material, 2018-2033
Table 5: Global Market Value (US$ Mn) Forecast by End Use, 2018-2033
Table 6: Global Market Volume (Tons) Forecast by End Use, 2018-2033
Table 7: North America Market Value (US$ Mn) Forecast by Country, 2018-2033
Table 8: North America Market Volume (Tons) Forecast by Country, 2018-2033
Table 9: North America Market Value (US$ Mn) Forecast by Material, 2018-2033
Table 10: North America Market Volume (Tons) Forecast by Material, 2018-2033
Table 11: North America Market Value (US$ Mn) Forecast by End Use, 2018-2033
Table 12: North America Market Volume (Tons) Forecast by End Use, 2018-2033
Table 13: Latin America Market Value (US$ Mn) Forecast by Country, 2018-2033
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2018-2033
Table 15: Latin America Market Value (US$ Mn) Forecast by Material, 2018-2033
Table 16: Latin America Market Volume (Tons) Forecast by Material, 2018-2033
Table 17: Latin America Market Value (US$ Mn) Forecast by End Use, 2018-2033
Table 18: Latin America Market Volume (Tons) Forecast by End Use, 2018-2033
Table 19: Europe Market Value (US$ Mn) Forecast by Country, 2018-2033
Table 20: Europe Market Volume (Tons) Forecast by Country, 2018-2033
Table 21: Europe Market Value (US$ Mn) Forecast by Material, 2018-2033
Table 22: Europe Market Volume (Tons) Forecast by Material, 2018-2033
Table 23: Europe Market Value (US$ Mn) Forecast by End Use, 2018-2033
Table 24: Europe Market Volume (Tons) Forecast by End Use, 2018-2033
Table 25: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2018-2033
Table 26: Asia Pacific Market Volume (Tons) Forecast by Country, 2018-2033
Table 27: Asia Pacific Market Value (US$ Mn) Forecast by Material, 2018-2033
Table 28: Asia Pacific Market Volume (Tons) Forecast by Material, 2018-2033
Table 29: Asia Pacific Market Value (US$ Mn) Forecast by End Use, 2018-2033
Table 30: Asia Pacific Market Volume (Tons) Forecast by End Use, 2018-2033
Table 31: MEA Market Value (US$ Mn) Forecast by Country, 2018-2033
Table 32: MEA Market Volume (Tons) Forecast by Country, 2018-2033
Table 33: MEA Market Value (US$ Mn) Forecast by Material, 2018-2033
Table 34: MEA Market Volume (Tons) Forecast by Material, 2018-2033
Table 35: MEA Market Value (US$ Mn) Forecast by End Use, 2018-2033
Table 36: MEA Market Volume (Tons) Forecast by End Use, 2018-2033
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Figure 1: Global Market Value (US$ Mn) by Material, 2023-2033
Figure 2: Global Market Value (US$ Mn) by End Use, 2023-2033
Figure 3: Global Market Value (US$ Mn) by Region, 2023-2033
Figure 4: Global Market Value (US$ Mn) Analysis by Region, 2018-2033
Figure 5: Global Market Volume (Tons) Analysis by Region, 2018-2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023-2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023-2033
Figure 8: Global Market Value (US$ Mn) Analysis by Material, 2018-2033
Figure 9: Global Market Volume (Tons) Analysis by Material, 2018-2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Material, 2023-2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Material, 2023-2033
Figure 12: Global Market Value (US$ Mn) Analysis by End Use, 2018-2033
Figure 13: Global Market Volume (Tons) Analysis by End Use, 2018-2033
Figure 14: Global Market Value Share (%) and BPS Analysis by End Use, 2023-2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by End Use, 2023-2033
Figure 16: Global Market Attractiveness by Material, 2023-2033
Figure 17: Global Market Attractiveness by End Use, 2023-2033
Figure 18: Global Market Attractiveness by Region, 2023-2033
Figure 19: North America Market Value (US$ Mn) by Material, 2023-2033
Figure 20: North America Market Value (US$ Mn) by End Use, 2023-2033
Figure 21: North America Market Value (US$ Mn) by Country, 2023-2033
Figure 22: North America Market Value (US$ Mn) Analysis by Country, 2018-2033
Figure 23: North America Market Volume (Tons) Analysis by Country, 2018-2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 26: North America Market Value (US$ Mn) Analysis by Material, 2018-2033
Figure 27: North America Market Volume (Tons) Analysis by Material, 2018-2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Material, 2023-2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Material, 2023-2033
Figure 30: North America Market Value (US$ Mn) Analysis by End Use, 2018-2033
Figure 31: North America Market Volume (Tons) Analysis by End Use, 2018-2033
Figure 32: North America Market Value Share (%) and BPS Analysis by End Use, 2023-2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by End Use, 2023-2033
Figure 34: North America Market Attractiveness by Material, 2023-2033
Figure 35: North America Market Attractiveness by End Use, 2023-2033
Figure 36: North America Market Attractiveness by Country, 2023-2033
Figure 37: Latin America Market Value (US$ Mn) by Material, 2023-2033
Figure 38: Latin America Market Value (US$ Mn) by End Use, 2023-2033
Figure 39: Latin America Market Value (US$ Mn) by Country, 2023-2033
Figure 40: Latin America Market Value (US$ Mn) Analysis by Country, 2018-2033
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2018-2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 44: Latin America Market Value (US$ Mn) Analysis by Material, 2018-2033
Figure 45: Latin America Market Volume (Tons) Analysis by Material, 2018-2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Material, 2023-2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Material, 2023-2033
Figure 48: Latin America Market Value (US$ Mn) Analysis by End Use, 2018-2033
Figure 49: Latin America Market Volume (Tons) Analysis by End Use, 2018-2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End Use, 2023-2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2023-2033
Figure 52: Latin America Market Attractiveness by Material, 2023-2033
Figure 53: Latin America Market Attractiveness by End Use, 2023-2033
Figure 54: Latin America Market Attractiveness by Country, 2023-2033
Figure 55: Europe Market Value (US$ Mn) by Material, 2023-2033
Figure 56: Europe Market Value (US$ Mn) by End Use, 2023-2033
Figure 57: Europe Market Value (US$ Mn) by Country, 2023-2033
Figure 58: Europe Market Value (US$ Mn) Analysis by Country, 2018-2033
Figure 59: Europe Market Volume (Tons) Analysis by Country, 2018-2033
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 62: Europe Market Value (US$ Mn) Analysis by Material, 2018-2033
Figure 63: Europe Market Volume (Tons) Analysis by Material, 2018-2033
Figure 64: Europe Market Value Share (%) and BPS Analysis by Material, 2023-2033
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Material, 2023-2033
Figure 66: Europe Market Value (US$ Mn) Analysis by End Use, 2018-2033
Figure 67: Europe Market Volume (Tons) Analysis by End Use, 2018-2033
Figure 68: Europe Market Value Share (%) and BPS Analysis by End Use, 2023-2033
Figure 69: Europe Market Y-o-Y Growth (%) Projections by End Use, 2023-2033
Figure 70: Europe Market Attractiveness by Material, 2023-2033
Figure 71: Europe Market Attractiveness by End Use, 2023-2033
Figure 72: Europe Market Attractiveness by Country, 2023-2033
Figure 73: Asia Pacific Market Value (US$ Mn) by Material, 2023-2033
Figure 74: Asia Pacific Market Value (US$ Mn) by End Use, 2023-2033
Figure 75: Asia Pacific Market Value (US$ Mn) by Country, 2023-2033
Figure 76: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2018-2033
Figure 77: Asia Pacific Market Volume (Tons) Analysis by Country, 2018-2033
Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 80: Asia Pacific Market Value (US$ Mn) Analysis by Material, 2018-2033
Figure 81: Asia Pacific Market Volume (Tons) Analysis by Material, 2018-2033
Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Material, 2023-2033
Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Material, 2023-2033
Figure 84: Asia Pacific Market Value (US$ Mn) Analysis by End Use, 2018-2033
Figure 85: Asia Pacific Market Volume (Tons) Analysis by End Use, 2018-2033
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by End Use, 2023-2033
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by End Use, 2023-2033
Figure 88: Asia Pacific Market Attractiveness by Material, 2023-2033
Figure 89: Asia Pacific Market Attractiveness by End Use, 2023-2033
Figure 90: Asia Pacific Market Attractiveness by Country, 2023-2033
Figure 91: MEA Market Value (US$ Mn) by Material, 2023-2033
Figure 92: MEA Market Value (US$ Mn) by End Use, 2023-2033
Figure 93: MEA Market Value (US$ Mn) by Country, 2023-2033
Figure 94: MEA Market Value (US$ Mn) Analysis by Country, 2018-2033
Figure 95: MEA Market Volume (Tons) Analysis by Country, 2018-2033
Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 98: MEA Market Value (US$ Mn) Analysis by Material, 2018-2033
Figure 99: MEA Market Volume (Tons) Analysis by Material, 2018-2033
Figure 100: MEA Market Value Share (%) and BPS Analysis by Material, 2023-2033
Figure 101: MEA Market Y-o-Y Growth (%) Projections by Material, 2023-2033
Figure 102: MEA Market Value (US$ Mn) Analysis by End Use, 2018-2033
Figure 103: MEA Market Volume (Tons) Analysis by End Use, 2018-2033
Figure 104: MEA Market Value Share (%) and BPS Analysis by End Use, 2023-2033
Figure 105: MEA Market Y-o-Y Growth (%) Projections by End Use, 2023-2033
Figure 106: MEA Market Attractiveness by Material, 2023-2033
Figure 107: MEA Market Attractiveness by End Use, 2023-2033
Figure 108: MEA Market Attractiveness by Country, 2023-2033
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