Packaging Films Market Forecast With Potential Impact, Despite Covid-19 Pandemic, Finds FMI 2022 - 2032
Edible packaging films are expected to be the new normal in the food industry, projects Future Market Insights (FMI) in a new study. The sales in the global packaging films market will grow by 3.9% CAGR through 2032. Consumers are increasingly focusing on sustainability and nature-based packaging products. Edible packaging is one of the booming trends in the food industry which ensures optimum utilization of the natural resources for packaging. Edible packaging is not only available in rigid formats but also in flexible formats such as edible packaging films. Many of the companies are following research on manufacturing edible packaging films that are made from food products, safe for human beings and other animals, and easy to digest. The global packaging films market is estimated at US$ 143.7 billion in 2022 and is projected to reach US$ 209.7 billion by 2032, at a CAGR of 3.9% from 2022 to 2032. For instance, Agricultural Research Services (ARS), the U.S. Dep...