Market Outlook:

The anticipated global edible packaging market size is poised to reach USD XX. XX Billion by 2024, with a projected escalation to USD XX.XX Billion by 2032, reflecting a compound annual growth rate (CAGR) of X.X% during the forecast period. 

Edible packaging refers to biodegradable and edible packaging. The packaging is made from biodegradable, plant-based natural materials and is edible without requiring processing, recycling, packaging, or waste. It plays an important role in providing customers with a good alternative to packaging products. In-use packaging meets consumer demand for sustainable, environmentally friendly products and limits waste from packaging products. As consumers turn to more environmentally friendly needs, governments, and large companies are increasingly investing in the development of products that replace food and pharmaceutical packaging.

Market Dynamics:

Driver:

The increasing desire to eliminate harmful packaging waste is driving the growth of the edible packaging market. As packaging waste increases, it should be recycled, or biodegradable packaging alternatives should be used. To meet these requirements, large companies in the food, beverage, and pharmaceutical industries choose this packaging as an environmental protection product. Packaging diverts waste from landfills and extends the life of products. Additionally, consumers' demand for safe and healthy products has led to the use of food packaging, leading to the growth of the industry. In addition, the use of such packaging to extend shelf life, reduce waste, and preserve freshness will contribute to the growth of the food packaging industry. Increasing consumption of processed and ready-made food, increasing income levels, and changing preferences for hygiene products contributed to the growth of the sector. Rapid urbanization in developing countries and a growing global population also drive economic growth. The demand for biodegradable films continues to increase as consumer preferences change. They are the main choice for oil films and can be made using lipids, proteins, or polysaccharides. Biodegradable films are important in reducing dependence on fossil fuels and are environmentally friendly, thus driving the growth of the global market. They are unaffected by oils and fats and support economic growth by acting as an oxygen vapor barrier for food products. In addition, the increase in demand for packaged food products accelerates the growth of the global market. This demand can be attributed to smaller packaging reducing waste and changes in consumer preferences around the world.

Restraint:

The high cost of the packaging could hinder the growth of the edible packaging market. Seaweed extracts, plant starches, or substitute proteins are examples of uncommon components frequently found in edible packaging. These can be more expensive to get and manufacture than easily accessible materials like polymers made of petroleum. In comparison to conventional plastic production methods, edible packaging technology and manufacturing processes are still in the early stages of development. This implies that more expensive and specialized infrastructure and equipment may be required. As opposed to more conventional choices, edible packaging is currently less in demand. Smaller manufacturing runs result from this, which may be less effective and raise the cost per unit.

Opportunity:

The growing environmental concerns about edible packaging create a lucrative opportunity for the growth of the market. The need for environmentally friendly packaging solutions is rising as environmental concerns increase. Naturally biodegradable, edible packaging minimizes waste. Waste made of plastics is a serious environmental issue. Every year, millions of tons of plastic waste wind up in landfills and the ocean, damaging ecosystems and species. One method of getting rid of this plastic waste is to use edible packaging. Customers are searching for methods to lessen their impact on the environment. Edible packaging is comprised of natural materials and biodegrades after use with no permanent impact. Concerns about certain conventional packaging materials posing health concerns and microplastics (tiny plastic fragments) entering the food chain are growing. As edible packaging is made to be eaten or breaks down naturally, these concerns are removed.

Challenge:

Edible packaging is, well, edible! This means that, in contrast to conventional, inert packing materials, it has a shelf life of its own and may be more susceptible to variables like temperature, humidity, and light. Inadequate circumstances for storage or transit may cause the packaging to deteriorate, jeopardizing its integrity and possibly affecting the food it shields. Conventional packaging is typically quite good in preventing moisture from getting in (for fresh produce) or out (for dry goods). However, these requirements must be balanced in edible packaging. To preserve its integrity and structure without compromising the food within, it might need to be at a certain humidity level. Certain temperatures may cause some edible packaging materials to melt or become brittle. 

Key Players

• WikiCell Designs Inc.(France)
• Tate & Lyle Plc. (UK)
• Safetraces, Inc. (US)
• Tipa Corp (Israel)
• MonoSol, LLC (Japan)
• Watson, Inc. (US)
• Interpack (US)
• Coveris Holdings (Austria)
• Devro plc (UK)
• Dupont de Nemours and Company (US)
• Others

Recent Developments: 

• In September 2022, Pace International LLC announced PrimaFresh® 60 Organic, a premium organic edible plant-based coating. The company produces specialized products to fuel the new demand for stone fruit by properly controlling dehydration.

• In October 2021, A London-based business called Notpla developed a new seaweed packaging to replace traditional plastic bags.

• In January 2021, The famous New York-based company The New York-based Company for Loliware announced the launch of edible straws based on algae and seaweed. Loliware uses seaweed, grinds it, and mixes it with minerals, pigments, and water.

• In August 2022, Leading coatings company Nippon Paint China partnered with BASF to develop new food-grade packaging for Nippon Paint's dry mix mortar range.

Segment Insights:

By Application

The food and beverage segment dominates the market. It is widely used in the food and beverage industry for packaging different products such as fresh food, baby food, food, dairy products, bakery, and confectionery. Improving lifestyles and increasing demand for processed foods are accelerating the growth of this segment. It keeps the product safe and maintains the shelf life of the food. It is important to limit packaging and waste and reduce the leaching of harmful chemicals into foods. Food packaging companies' significant progress in the development of films or processes that can be consumed without throwing away the packaging will contribute to the growth of the end-use segment of the food and beverage industry.

By Material

Protein-based ingredients control all packaging. Proteins are the best materials for material and film production. Protein contents such as milk, whey, collagen, vegetables, zein, casein, and gluten are important in the production of films that can be used for packaging. The material is planted and is still in high demand due to its strong gas barrier properties, resistance to water vapor, high resistivity, and ability to form a transparent and stretchable film. Protein also ensures proper functioning of the human body and increases the strength of the body, thus ensuring growth in these functions.

Regional Insights:

Europe is the leading region and the main reason for the growth is increased consumer awareness of the dangers of using too much plastic. The ban on single-use plastic has also increased the demand for food packaging in Europe. Plastic bags, straws, and cutlery are among the single-use plastic products that the European Union has outlawed or restricted. This is to promote a change to more environmentally friendly or reusable packaging options. The market for innovative edible packaging has opened up as a result of these prohibitions. Novel approaches that minimize their negative effects on the environment and adhere to safety and hygienic regulations are required. This rising demand is driving the edible packaging market's expansion. North America is the second largest region in food packaging market share. This control can be attributed to the innovation of large companies in the region, as well as food and pharmaceutical companies. Asia Pacific is the fastest-growing region. Government policies made land suitable for these containers, enabling rapid growth in the region. The Latin American market will experience steady growth due to the rise of the food and beverage industry in the region. The Middle East and Africa are expected to witness low to moderate growth during the forecast period.

Segmentation:

By Source

• Plant Tissues
• Animal Tissues
• Synthetic Tissues

By Packaging Process

• Antimicrobial
• Nanotechnology
• Electro hydrodynamic
• Coatings
• Microorganism

By Material

• Polysaccharides
• Lipid, Surfactant
• Protein Films
• Composite Films
• Other Materials

By Application

• Food & Beverages
• Pharmaceuticals

By Region

North America

• USA

• Canada

• Mexico

Europe

• France

• UK

• Spain

• Germany

• Italy

• Rest of Europe

Asia Pacific

• China

• Japan

• India

• South Korea

• Rest of Asia Pacific

Middle East & Africa

• GCC

• South Africa

• Rest of the Middle East & Africa

South America

• Brazil

• Argentina

• Rest of South America

What to Expect from Industry Profile?

1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Edible Packaging market in the world.

2. Use PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Edible Packaging market.

3. Leading company profiles reveal details of key Edible Packaging market players’ global operations, strategies, financial performance & recent developments.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Edible Packaging market with forecast for the decade by both market share (%) & revenue (USD Million).

FAQ’s

1) What are the major factors driving the growth of the Global Edible Packaging Market?

• Consumer Preference for Sustainable Packaging are the major factors driving the growth of the Global Edible Packaging Market

2) What would be the CAGR of the Global Edible Packaging Market over the forecast period?

• The Global Edible Packaging Market is poised to grow at a CAGR of XX% from 2024 to 2032.

3) Which region will provide more business opportunities for the growth of the Global Edible Packaging Market in the future?

• The Europe region is expected to create more opportunities in the market

4) Who are the major players dominating the Global Edible Packaging Market?

• Veolia Environment SA (France), Suez Environment SA (France), Xylem Inc. (US), DowDuPont Inc (US), Evoqua Water Technologies. (US), Ecolab Inc. (US), Aquatech International (US), Pentair Plc. (US), Calgon Carbon Corporation (US), 3M (US)

5) What are the segments in the Global Edible Packaging Market?

• By Material, By Source, By Packaging Process, By Application are the industry key segments considered for research study.

6) What is the estimated market revenue for the Global Edible Packaging Market in 2032?

• The estimated revenue for the Global Edible Packaging Market in 2032 is USD XX billion.