Edible Packaging Market

Global Edible Packaging Market Size (2024 to 2032)

The global edible packaging market size is expected to be worth USD 820.62 million in 2024. It is expected to grow at a CAGR of 6.20% during the forecast period and reach a value of USD 1.32 Billion by 2032. The global edible packaging market is foreseen to record positive growth over the same period.

Edible packaging is usually a thin surface of continuous edible material added on or between foods. In recent years, many advances have been made in food technologies, such as 3D printed food for innovative kitchen robots that program everyday aspects of the kitchen. However, what he is excited about in food technology is edible packaging. Imagine completely eliminating waste, a by-product of food packaging. The basic concept of this technology is to remove plastic and paper waste from packaged foods and package them as edibles as part of the food as a whole. The packaging material must comply with the properties of safe food ingredients and obtain a status of General Recognition as Safe (GRAS) in accordance with the regulations of the Food and Drug Administration (FDA). Edible packaging is typically biodegradable as it is derived from biomass, such as plants and animals. Edible packaging helps reduce waste, provides product safety, creates product robustness, provides convenience to consumers, and has many advantages, such as not compromising product quality. Development in food packaging coupled with concerns related to the over usage of plastics is among the pivotal aspects of driving growth in the global market.

MARKET DRIVERS

The growing demand for biodegradable packaging worldwide, the growing processed food market and the growing innovation in food packaging worldwide are key factors driving the growth of the global edible packaging business.

Edible packaging materials have been found to have increased adoption due to the high consumption of processed foods, increased hygiene problems among people, and rise in packaging waste due to the use of synthetic polymers, which affect the environment and therefore, promote the growth of the edible packaging market. The main factors evaluated are the barrier properties against humidity and gases, microbial stability, water absorption capacity, adhesion, cohesion, solubility, transparency, mechanical properties, sensory and sensory properties. In general, edible packaging materials do not change the appearance, smell, and taste of packaged products. However, recent innovations have allowed this product to impart aromatic volatiles, vitamins, and flavors to packaged items. Increased consumption of processed food and beverages, reduced packaging waste, increased personal hygiene problems, increased shelf life of products, increased disposable income for consumers, and increased living standards encourage the adoption of edible packaging products. Lead the growth of the food packaging market. In addition, this eco-friendly packaging technology is not only renewable but also safe for human and edible consumption, conserving the environment to reduce the waste of plastic packaging and promote the growth of the food packaging market.

Various technological advancements, such as adding healthy proteins to edible food packaging, as well as the introduction of nanotechnology in packaging, are expected to offer several opportunities in the food packaging industry. As demand for edible packaging products increases in populous countries such as China, Indonesia and India, it is expected to accelerate the growth of the edible packaging market during the outlook period. The development of new government policies favoring edible packaging solutions and the establishment of infrastructure for raw materials, such as plant-based sources, are also supposed to improve the growth of the global food packaging market. As concerns about the use of disposable plastics and waste management increased, the demand for alternative natural resources in the manufacture of edible packaging products increased, and the demand for sustainable resources in the delivery and other applications of food services increased. The market is presumed to skyrocket in the following years. The food industry plan, which includes edible packaging materials, plastic bag replacements, and packaging containers, will help accelerate the growth of the global edible packaging market.

MARKET RESTRAINTS

Compared to synthetic materials and high regulatory requirements, the high cost of edible packaging is expected to hamper the growth of the edible packaging market. Food contamination is a major obstacle to the growth of the edible packaging market, as the edible layer is easy to catch bacteria, dust and other harmful particles.

REPORT COVERAGE

REGIONAL ANALYSIS

In 2018, the North American market occupied the majority of the world edible packaging market. Combined with the presence of large scale processed food and pharmaceutical industries, the presence of numerous food packaging producers, who have a leading position in the global market. Additionally, the market is expected to feed during the outlook period, especially as the innovation of edible packaging space increases in the United States. The Asia Pacific market is determined to expand at the most substantial rate between 2020 and 2025. Asia-Pacific is presumed to become a rapidly growing market as urbanization and industrialization increase along with rising demand for packaged foods. As the ban on disposable plastics increases, increasing consumer awareness of the overuse of plastics for food packaging is a key factor driving significant demand for products in the region. The rise in food and beverage and pharmaceutical sectors is likely to intensify product demand in the following years. The availability of raw materials and low labor costs also promote market growth in the area. The increasing disposable income of consumers also affects people's living standards, a key factor for the growth of the region's food packaging market. Europe is expected to show promising growth in the global food packaging market due to growth in the region's food and beverage sector. The packaging industry remains a solid base in Europe due to the high demand for food packaging along with the rapid development and innovation of products. Latin America, the Middle East and Africa are also foreseen to show optimistic growth during the projection period due to increased demand from the e-commerce sector.

KEY PLAYERS IN THE GLOBAL EDIBLE PACKAGING MARKET

Major Key Players in the Global Edible Packaging Market are Monosol, WikiCell Designs, Tipa Corp, Tate and Lyle Plc, BluWrap, Watson, Inc, Safetraces Inc, Coolhaus, Tomorrow Machine, JRF Technology, Ecoactive, EnviGreen Biotech Private Ltd, Devro Plc and Others.

RECENT HAPPENINGS IN THE MARKET

• WikiCell Designs in 2018 gainedUS$ 10 million as funding capital from several flagship companies and partners of Polaris. The company aims to influence the world by replacing plastic and other forms of packaging with delicious natural edible packaging.
• In January 2017, BluWrap announced a new business model that enables customers to license the technology to ship seafood, pork, and other protein worldwide.
• In June 2016, MonoSol partnered with Dicosia, a food grade film customer, to package beverage ingredients in food in bags to dissolve and release their contents each time they are exposed to water.

DETAILED SEGMENTATION OF THE GLOBAL EDIBLE PACKAGING MARKET INCLUDED IN THIS REPORT

This research report on the global edible packaging market has been segmented and sub-segmented based on material, end-user and region.

By Material

• Lipids 
• Polysaccharides      
• Proteins         
• Surfactants  

By End-User

• Pharmaceuticals      
• Food and Beverages

By Region

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa