Artificial Intelligence
Edible Packaging Market Size to Worth Around USD 2.8 Bn by 2030
Ottawa, June 28, 2023 (GLOBE NEWSWIRE) — The global edible packaging market size was valued at USD 0.84 billion in 2022. The ingredients used to create edible packaging are all natural, biodegradable, and derived from plants. It is frequently used to stop food contamination caused by air, moisture, and solute. Additionally, it reduces waste, stops microbiological development and unwanted chemical reactions, improves the quality and safety of food products, and lengthens their shelf life. In contrast to its substitutes, edible packaging may be eaten without having to be opened and discarded. It is currently gaining popularity due to its environmental friendliness across the world. The rise in processed food consumption, rising household income, and customers’ increasing demand for sanitary and long-lasting goods all contribute to the expansion of the edible packaging industry globally. In addition, the rapid urbanisation of emerging economies and the rapid increase in the population base are enhancing the market’s potential.
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This market will experience significant growth over the upcoming years as edible packaging materials are increasingly used to package food goods. This market is expected to expand in the near future due to rising consumer awareness of the benefits of edible packaging, such as its ease of handling while preserving product quality and shelf life. However, its use may be somewhat constrained in the years to come due to the high cost of the packaging equipment and high-quality films used in edible packaging. The market may face difficulties in the next years due to the growing popularity of modified atmosphere packaging.
One of the market’s emerging trends is consumers shifting their preferences in favour of decreasing product waste. The use of edible packaging extends product shelf life while reducing trash sent to landfills. Additionally, it is anticipated that rising environmental concerns and the need for a sustainable environment would encourage the market expansion of edible packaging. One of the new market trends that is anticipated to promote market expansion is the main manufacturer’s ongoing product innovation in a sustainable packaging solution. To replace polluting plastic materials and enhance storage, safety, and shelf life, University of Nottingham researchers, for instance, produced 100% biodegradable and edible food packaging in November 2020 using plant carbohydrates and proteins. In response to the increased need for environmental sustainability, this action has been taken.
Regional Snapshots
Over the projected period, North America will influence the edible packaging market. Large consumer base for edible packaging solutions, paradigm shift away from single-use plastics to edible alternatives to reduce packaging waste, Canada and the United States holding the largest share, rising need for packaged food products due to change in lifestyle, businesses enabling innovation advances and abandoning the traditional methods of packaging, rising usage of edible packaging by food service industry channels and food and beverage producers in its product form to reduce packaging waste In addition, the existence of several food packaging manufacturers, a sizable processed food and pharmaceutical industry, expanding advances in edible packaging, particularly in the US, and a large number of edible packaging manufacturers all contribute to market expansion.
Report highlights
- Food & beverage and pharmaceuticals are the two main end-user sectors in the global edible packaging industry. In the food and beverage industry, the product is widely used to package a range of meals, including fresh food, cake and confectionery, baby food, dairy products, and functional foods.
- The most popular substance on the global market is protein. In 2018, the protein material category led the market with a 45.6% worldwide sales share.
- The largest share of the global market was in North America. Due to the existence of substantial pharmaceutical and processed food industries as well as a sizable number of producers of edible packaging, it now has a prominent position on the global market.
- As people become more motivated to stop wasting packaging materials, the market for edible packaging is growing.
Recent developments
- In November 2020, researchers from the University of Nottingham created edible food packaging that is 100 percent biodegradable and produced from plant proteins and carbohydrates to replace polluting plastic materials and enhance storage, safety, and shelf life. In response to the increased need for environmental sustainability, this action has been taken.
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Scope of this report
| Coverage | Details |
| Market Size in 2028 | USD 2.14 Billion |
| CAGR | 14.31% from 2022 to 2030 |
| North America Market Share | 36.2% in 2021 |
| Europe Market Share | 29% in 2021 |
| Protein Segment Revenue Share | 48.9% in 2021 |
| Key Players | WikiCell Designs Inc. (U.S.), Safetraces, Inc. (U.S.), JRF Technology, LLC (U.S.), Tipa Corp (Israel), MonoSol, LLC (U.S.), Tate & Lyle Plc. (U.K.), Interpack (U.S.), Evoware (Indonesia), Coveris Holdigs, (U.S.), Devro plc (U.K.), Dupont de Nemours and Company (U.S.), Watson, Inc. (U.S.), Ingredion Inc (U.S.), Nagase & Co. Ltd. (Japan), Pace International LLC (U.S.) |
Market dynamics
Drivers
The market for edible packaging is expanding due to the increased desire to eliminate wasteful use of packaging materials. About one-third of the rubbish in the world is packaging. Recycling of solid trash is therefore necessary in order to decrease the garbage produced on land due to increased awareness of environmental issues including solid waste disposal and reducing the quantity of waste created on landfills. The use of edible packaging helps keep trash out of landfills. The industry is expanding since edible packaging is being used more frequently to keep items fresher longer. Growing safety concerns and efficient space use are once more driving industry expansion. The desire for edible packaging is being driven by the product’s capacity to have a longer shelf life, which also minimizes waste. They are an excellent choice for the packaging of various food goods since they are simple to tamper with. Consequently, the increased demand for food items with longer shelf lives is fueling market expansion.
Restraints
The development of the edible packaging market over the forecast period may be hampered by high regulatory requirements. The U.S. Food and Drug Administration must deem the edible films to be generally safe. Additionally, water soluble polymer must be used to make the edible films, and they must be produced on equipment deemed appropriate for handling food items. If the constituents in edible polymers are likely to cause allergies, they should be specified on the label.
Opportunities
The development of the edible packaging market over the forecast period may be hampered by high regulatory requirements. The U.S. Food Drug Administration should deem the edible films to be usually safe. Additionally, water soluble polymer must be used to make the edible films, and they must be produced on equipment deemed appropriate for handling food items. If the constituents in edible polymers are likely to cause allergies, they should be specified on the label. It is anticipated that changing consumer preferences from traditional case-ready packaging to portion-size packaging would offer important growth prospects. Consumers can utilise the necessary amounts of meat thanks to portion-sized packaging for food goods, which also helps to reduce food waste. The market for edible packaging is thus anticipated to see tremendous development prospects as a result. Thus, it is anticipated that increasing adoption of portion-size packaging would encourage market growth for edible packaging in the near future.
Challenges
The expansion of the market is anticipated to be constrained by edible packaging materials’ high cost. The initial cost of one tonne of edible films can range from $3,000 to $36,000, according to Coherent Market Insights report, depending on the quality and size of the equipment. So, it is anticipated that the high price of edible packaging would restrain market expansion.
One of the main problems limiting edible packaging’s utilisation is the need for supplementary packing. Over the forecast period, this factor is anticipated to restrain the market expansion of edible packaging.
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- Anti-counterfeit Packaging Market – The global anti-counterfeit packaging market size was valued at USD 140.27 billion in 2022 and is expanding around USD 472.08 billion by 2032 with a CAGR of 12.9% from 2023 to 2032.
- Retort Packaging Market – The global retort packaging market size was valued at USD 4.02 billion in 2022 and is expanding around USD 8.01 billion by 2032 with a CAGR of 7.14% from 2023 and 2032.
- Industrial Packaging Market – The global industrial packaging market size was valued at USD 69.52 billion in 2022 and is expanding around USD 123.21 billion by 2032 with a CAGR of 5.89% from 2023 to 2032.
Market Segmentation
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 Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
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Artificial Intelligence
How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024
HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.
Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence
Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.
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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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Artificial Intelligence
CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review
CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).
The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
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