The Latin America Edible Packaging Market size is estimated to progress with a notable annual growth rate between 2021 and 2026.
Edible packaging is a thin material that is used to pack or coat food ingredients and medications to extend the shelf life of food, which can be consumed or disposed of before consumption. Edible packaging is generally biodegradable as it is extracted from biomass, such as plants and animals. Packaging material must comply with the properties of safe food ingredients and, in general, be accepted as safe in accordance with pharmaceutical food regulations. The edible packaging or film mainly consists of film-forming material, plasticizer and additives.
The growing demand for biodegradable packaging worldwide, the growth of the processed food market and the greatest innovation in food packaging around the region are key factors driving the growth of the Latin America Edible Packaging materials market.
As packaging waste increases in urban and rural areas, waste management challenges occur. The growing demand for alternative green packaging materials due to increased packaging waste and pollution is one of the main drivers of growth in the Latin America Edible Packaging materials market. The growth of the world market is accelerating with an increased awareness of the requirements for health, hygiene, food safety, quality and biodegradable packaging. In addition, the use of nanotechnology in food packaging production technology, increasing its popularity and acceptance for food packaging, is expected to accelerate the growth of the Latin America Edible Packaging materials market in the near future. Lifestyle changes and increased demand for fast and instant food are also factors driving growth in Latin America Edible Packaging materials markets. Due to the high consumption of processed foods, the use of edible films and coatings is expected to drive the growth of the Latin America Edible Packaging materials market. The demand for processed foods has increased in recent years. Sugar, fat, oil and salt are added to this food to improve the taste and aroma of the food. Factors affecting the food packaging market include reduced packaging waste, increased consumption of processed products, long product life, high cost, high regulatory requirements, and technological advancements.
The introduction of sustainable and biodegradable edible packaging materials and the spread of consumer awareness of packaging materials can create great profit opportunities for participants in the Latin America Edible Packaging materials market. It also incorporates minerals, vitamins, and bioflavonoids to provide health benefits. The aforementioned advantages of grocery packaging and reduced packaging waste are the main growth drivers for the Latin America Edible Packaging materials market. Additionally, Latin America Edible Packaging materials market growth is accelerating as demand for processed foods increases. Because of this, many companies are designing products. Innovation plays an important role in driving the growth of the Latin America Edible Packaging materials market. Edible packaging offers benefits such as improved mechanical properties such as transport and penetration, minimal respiration of vegetables and fruits, limited transport of moisture and other gases, improved sensory properties such as gloss, long shelf life, and antioxidant or antibacterial agents. Therefore, advanced packaging technology has allowed companies to innovate their products rather than stick to traditional packaging methods. Adopting smart and sustainable innovation can improve food safety while improving the visual appeal of consumers.
Storing and transporting food in edible packaging can cause health and hygiene problems, which is a difficult factor that can affect the growth of the Latin America Edible Packaging materials market. Compared to synthetic packaging, the cost of these products and the regulatory requirements they are expected to meet are believed to inhibit the growth of the Latin America Edible Packaging materials market.
By end-use market, food and beverages and pharmaceuticals rank as the top end-user industries in the Latin America Edible Packaging market. In the food and beverage industry, this product is widely used in various food packaging including fresh food, cakes and confectionery, baby food, dairy products and functional food. As the demand for processed food increases worldwide due to lifestyle changes, the demand for food packaging is expected to increase in the future. The pharmaceutical part is relied upon to create at the most noteworthy rate during the estimate time frame. Edible packaging is extensively employed in the pharmaceutical sector in the making of capsules. As health awareness grows worldwide, it is fueling the global market for pharmaceutical and dietary foods.
According to material, protein is the most preferred in the Latin America Edible Packaging market that accounted for almost 46% in the overall share. Protein films are made from casein, whey, collagen, gelatin, plants, soy, and gluten. Protein films have more demand compared to polysaccharide and lipid-based films based on their gas limitation properties. Moreover, these films have better mechanical features because of their unique structure. However, the film provides little resistance to water vapor and mechanical strength compared to synthetic polymers, limiting its wide application in the end-use industry.
The worldwide pandemic of COVID-19 has suddenly ceased manufacturing activity worldwide, affecting food packaging and production and processing demand. The most affected end-use sectors in the food packaging industry include automotive and transportation, consumer goods, industrial equipment, construction and electronics.
Latin America is expected to show optimistic growth during the forecast period due to increased need from the e-commerce sector. The market is divided into Brazil, Argentina and the rest of Latin America. Brazil continues to be the dominant country in the packaging market in South America. Brazil's growing awareness of its benefits makes Latin America Edible Packaging materials market the fastest growing. The increase in disposable income of consumers that affects their standard of living among residents of the region is driving Latin America Edible Packaging materials market growth.
Key Players in the Market:
Major Key Players in the Latin America Edible Packaging Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Edible Packaging Market, By Material
6.1.5 Market Size Estimations & Forecasts (2021-2026)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Edible Packaging Market, By End-User
6.2.2 Food & Beverages
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Regional Identity Governance and Administration Market, by Region
7.2 Latin America - Market Analysis (2021-2026)
7.2.1 By Country
126.96.36.199 Rest of Latin America
7.2.2 By Material
7.2.3 By End-User
8. Key Player Analysis
8.1 MonoSol LLC
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Watson, Inc
8.3 WikiCell Designs Inc
8.4 Tate & Lyle Plc
8.5 Safetraces, Inc
8.6 JRF Technology LLC
8.8 Tipa Corp
8.9 Skipping Rocks Lab
8.10 Devro plc
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures