Edible Packaging Market
Industry
- Automobile and Transportation
- Chemicals and Materials
- Consumer Goods
- Energy and Power
- Electronics and Semiconductor
- Food and Beverages
- Machinery and Equipment
- Pharma and Healthcare
- Service and Software
- Others
- Packaging
- ICT
- Technology
- Medical Devices and Consumables
- Agriculture
- Medical Care
- Aerospace and Defense
Edible Packaging Market Size, Share & Analysis By Type (Films, Coatings, Containers, Sachets/Pouches), By Source (Plant, Animal), By Material (Seaweeds & Algae, Polysaccharides, Lipid, Protein, Others), By End-Use (Food and Beverages, Pharmaceuticals, Others), By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), and Growth Forecast To 2032
Report ID: RV298462 | Published: Mar 2024 | Historical Period: 2018-2022 | Pages: 200 | Price: $3260| Industry: Packaging
Edible Packaging Market Overview 2024:
The edible packaging market is expected to register a rapid revenue CAGR of 4.5% during the forecast period. This growth can be attributed to factors such as rising awareness about plastic pollution, growing demand for sustainable packaging solutions, stringent regulatory norms associated with packaging, government support to promote biodegradable packaging solutions and innovations in food packaging.
Edible packaging is a trending sustainable packaging solution made from natural, plant-based, or animal-based materials that are safe for human consumption or easily biodegraded. It serves as a better alternative to conventional plastic materials like plastic, paper or metal. Edible films, coatings, containers, sachets, or pouches are some common types of edible packaging solutions.
The primary aim of edible packaging is to reduce overall environmental impact by offering a sustainable alternative to conventional packaging. Edible packaging offers advantages such as enhanced shelf life, moisture retention, barrier properties, and flavor encapsulation and is thus widely used across various industries such as food and beverages, pharmaceuticals, personal care products, and household goods.
However, edible packaging is costly as compared to conventional packaging due to difficulty in sourcing its materials. This may limit its adoption in many economies dealing with budget constraints.
Graphical Overview:
Key Takeaways:
Changing Consumer Preferences and Brand Differentiation:
Growing consumer preference for convenience, portability, and on-the-go consumption has resulted in need for innovative packaging solutions. Edible packaging offers convenience and eliminates the need for separate disposal. This is expected to drive sales of edible packaging materials and solutions during the forecast period. Companies are also heavily investing in R&D activities to differentiate their products, enhance brand image, and attract an eco-friendly populace.
Limited Shelf Life and Consumer Acceptance and Perception:
Edible packaging materials have limited shelf life in comparison with traditional packaging materials. This can impact the product stability and safety. Other factors such as resistance to switching to edible packaging due to perceptions regarding taste, texture, safety, and hygiene, technical limitations, and limited investments in infrastructure, equipment, and manufacturing can hamper the overall market growth to a certain extent during the forecast period.
Type Outlook:
Based on type, the global market is segmented into films, coatings, containers, and sachets/pouches. The films segment is expected to register rapid revenue CAGR over the forecast period owing to factors like rapidly expanding food and beverages sector, high usage of edible films for wrapping fresh produce, meat, cheese, and bakery products to extend product shelf life, prevent moisture loss and enhance visual appeal.
End Use Outlook:
The global market is segmented into food and beverages, pharmaceuticals, and others based on end users. The food and beverage segment is expected to account for the largest revenue share during the forecast period. This growth can be attributed to rapidly expanding food and beverage sector, rising investments in edible packaging to cater to public demand, and high preference for edible packaging materials to extend shelf life, visual appearance, and product freshness.
Regional Outlook:
Among the regions, Asia Pacific is expected to register a robust revenue CAGR over the forecast period owing to rising awareness about the drawbacks of single packaging, growing demand for sustainable packaging solutions, rapid adoption of advanced packaging technology, and stringent regulations to reduce plastic waste. Other factors such as innovations in food packaging, changing consumer preferences, and high adoption of edible packaging solutions across different sectors are expected to drive Asia Pacific market growth between 2024 and 2032. China, India, Indonesia, Japan, and South Korea are some of the largest revenue-generating countries in this region.
Report Coverage:
| Report Details | Outcome |
| Base Year for Estimation | 2023 |
| Historical Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Segments Covered: | Type, Source, Material, End-use, and Region |
| By Type | Films, Coatings, Containers, Sachets/Pouches |
| By Source | Plant, Animal |
| By Material | Seaweeds & Algae, Polysaccharides, Lipid, Protein, Others |
| By End-use | Food and Beverages, Pharmaceuticals, Others |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Country Scope | United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Mexico, Brazil, Saudi Arabia, UAE, Turkey |
| Qualitative Info | •Value Chain Analysis •Pricing Analysis •Regional Outlook •Market Trends •Market Share Analysis •Competition Analysis •Technological Advancements |
| Key Players | MonoSol, Kuraray Co. Ltd., JRF Technology, WikiFoods Inc., Safetraces Inc., Tate and Lyle Plc., XAMPLA, Lactips, FlexSea, Notpla Ltd., Decomer Technology OU, Nagase America |
| Customization Scope | 10 Hours of Free Customization and Expert Consultation |
Competitive Landscape:
The global edible packaging market is extremely competitive, comprising several regional and global level key players. Leading key players are focused on adopting various strategic alliances like mergers and acquisitions, partnerships, joint ventures, collaborations, and product launches to maintain their global position and enhance their product offerings. They are also focused on innovation, and scalability, adapting to evolving technology trends and consumer needs.
Some Leading Market Companies Listed in the Report:
- MonoSol
- Kuraray Co. Ltd.
- JRF Technology
- WikiFoods Inc.
- Safetraces Inc.
- Tate and Lyle Plc.
- XAMPLA
- Lactips
- FlexSea
- Notpla Ltd.
- Decomer Technology OU
- Nagase America
Edible Packaging Industry Recent Developments:
- In February 2024, GFRP, a fund created by Big Lea Ventures, announced the acquisition of edible packaging startup DisSolves which develops patented edible films dissolving in hot or cold water, juice, or milk, devoid of any residues.
The global edible packaging market has been segmented based on type, source, material, end use and region:
By Type:
- Films
- Coatings
- Containers
- Sachets/Pouches
By Source:
- Plant
- Animal
By Material:
- Seaweeds & Algae
- Polysaccharides
- Lipid
- Protein
- Others
By End Use:
- Food and Beverages
- Pharmaceuticals
- Others
By Region:
- North America
- United States
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- Asia Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Frequently Asked Questions!
- MonoSol
- Kuraray Co. Ltd.
- JRF Technology
- WikiFoods Inc.
- Safetraces Inc.
- Tate and Lyle Plc.
- XAMPLA
- Lactips
- FlexSea
- Notpla Ltd.
- Decomer Technology OU
- Nagase America
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