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The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Edible packaging is a type of packaging that is used for wrapping food products or consumables products such as medicine. Edible packaging is mostly done to increase the shelf-life of food products. They are designed to be eaten and have the ability to biodegrade efficiently. Edible packaging is produced from different materials such as surfactant, polysaccharides, protein films, lipid, and composite films.
The global edible packaging market is estimated to be valued at US$ 1,004.8 million in 2021 and is expected to exhibit a CAGR of 6.9% over the forecast period (2021-2028).
Recent Developments:
In October 2020, a London-based startup named Notpla created eadible seaweed packaging as an alternative to the conventional plastic packaging.
In January 2020, a New York-based company named Loliware started producing algae and seaweed-based edible straws.
In October 2019, a Polish designer named Roza Janusz created environmentally friendly and edible packaging material called ‘Scoby’ as an effective alternative to plastic packaging.
North America held dominant position in the global edible packaging market in 2020, accounting for 35.7% share in terms of volume, followed by Europe and Asia Pacific, respectively. Surging adoption of packed food products is driving the market growth for this region.
Figure 1. Global Edible Packaging Market Volume (000’ Tons), by Region, 2020
Global Edible Packaging Market: Drivers
The growing need to reduce the packaging material waste is propelling the market growth of edible packaging. Packaging accounts for approximately one-third of the world’s garbage. So growing awareness regarding environmental problems such as disposal of solid waste and eliminating the amount of waste generated on the landfill is creating the need for recycling of the solid waste in order to reduce the waste generated on land. Edible packaging plays important role in reducing the landfill waste.
The increasing use of edible packaging for extending the shelf-life of the products is fostering market growth. Growing safety issues coupled with the effective usage of space is again propelling the market growth. The ability to offer a longer shelf-life to the product is driving demand for edible packaging, also it reduces the waste. They easily get tampered which makes them an ideal option for the packaging of different food products. Thus, the growing need for increasing shelf-life of the food products is propelling market growth.
Global Edible Packaging Market: Opportunities
The increasing demand for biodegradable films in edible packaging is projected to provide lucrative growth opportunities. It reduces the dependency on fossil fuels and materials such as composite films, polysaccharides, lipid, and cellulose- or starch-based materials can provide new functionalities and properties such as biodegradability. Thus growing demand for biodegradable films in edible packaging is projected to foster the market growth of the edible packaging in the near future.
Shifting preferences from conventional case-ready packaging to portion-size packaging is expected to serve key growth opportunities. Portion-sizes packaging for food products enables allows consumers to use the required amounts of meat and also helps in reducing wastage of food products. This in turn is expected to offer immense growth opportunities to the market of edible packaging. Thus growing used of portion-size packaging is projected to foster the market growth of the edible packaging in the near future.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2020 | Market Size in 2021: | US$ 1,080.8 Mn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR: | 6.9% | 2028 Value Projection: | US$ 1,723.6 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
MonoSol, LLC (Kuraray Co. Lyd.), JRF Technology, LLC, WikiFoods, Inc., Safetraces Inc., and Tate and Lyle Plc |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Market Trends:
Shifting preferences towards reducing wastage of products is one of the growing trends in the market. Edible packaging reduce the waste on the landfill and also, increase the shelf-life of the product. Moreover, growing environmental concerns around the globe and the need for a sustainable environment is again projected to foster the market growth of the edible packaging.
Continuous product innovation by the key manufacturer in a sustainable packaging solution is one of the emerging trends in the market and this trend is expected to foster market growth. For instance, in November 2020, University of Nottingham researchers have developed 100 percent biodegradable and edible food packaging made from plant carbohydrates and proteins to replace polluting plastic materials and improve storage, safety, and shelf life. This move is in response to the growing need for environmental sustainability.
Figure 2. Global Edible Packaging Market Share, By Material Type, 2020
Key Takeaways of the Graph:
Global Edible Packaging Market: Restraints
The high cost of edible packaging materials is expected to restrict market growth. According to the Coherent Market Insights analysis, the initial cost of one ton of edible films can be between 3000 to 3600 dollars, depending on the quality and size of the machine. Thus the high cost of edible packaging is projected to hamper market growth.
Edible packaging requires secondary packaging which is one of the key factors restricting its use. This factor is projected to hamper the market growth of the edible packaging over the forecast period.
Global Edible Packaging Market: Competitive Landscape
Major players operating in the global edible packaging market include, MonoSol, LLC (Kuraray Co. Lyd.), JRF Technology, LLC, WikiFoods, Inc., Safetraces Inc., and Tate and Lyle Plc
Edible packaging refers to packing that is edible and also biodegradable. For example, candy, cookies, jams, and jellies are packed in such a way that they are able to break down into smaller particles that the natural decomposition process can take care of, thus leaving the goodness of the original product behind for future consumers to enjoy. This kind of packaging is very attractive to consumers who are health conscious and even those who want to be "green" by reducing their carbon footprint. Edible packaging is an important tool in helping consumers make informed decisions on the products they purchase and how to reduce their impact on the environment.
Market Dynamics:
R&D in edible packaging is expected to propel growth of the global edible packaging market over the forecast period. For instance, in March 2021, a research team from Sri Venkateswara and Sri Padmavati Mahila Viswavidyalayam Universities (India), Ural Federal University, and Ural Branch of the RAS (Russia) reported development of edible food films for packaging vegetables, fruits, seafood, meat, and poultry.
Major players operating in the global edible packaging market are focused on adopting partnership strategies to expand their product portfolio. For instance, in October 2020, Notpla, a UK startup, partnered with Hellmann's, a food brand of Unilever, to test edible seaweed-based food packaging.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
*Browse 50 market data tables* and 45 figures* on "Global Edible Packaging Market” – global forecast to 2028
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