Swati Tamhankar, a junior digital executive at market research firm Allied Market Research, said the edible packaging industry will benefit from sustainable packaging innovation and growing consumer waste. plastic recycling machine

In recent years, the food packaging market has developed rapidly. This is mainly due to the desire to reduce packaging waste, improve the shelf life of food, and the growing demand for processed foods.

On the other hand, advances in technology are likely to provide profitable opportunities for the development of the industry.

Therefore, the development of biodegradable or edible food packaging has generated considerable interest at present because consumers are increasingly demanding natural and biodegradable materials, and the demand for safe, high quality and convenience foods is increasing. The bigger.

According to a report released by Allied Market Research, the edible packaging market was $697 million in 2016 and is expected to reach $1.097 billion by 2023, with a compound annual growth rate of 6.81% from 2017 to 2023.

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