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. The edible packagings are designed to be eaten and have the ability to biodegrade efficiently. Edible packaging is made from different materials such as surfactant, polysaccharides, protein films, lipid, and composite films.
The global edible packaging market was valued at US$ 1,004.00 million in 2022 and is expected to exhibit a CAGR of 6.29% over the forecast period (2023-2030).
Drivers
Growing need to reduce the packaging wastes
Growing need to reduce the packaging waste is expected to propel the global edible packaging market growth. Packaging accounts for approximately one-third of the world’s garbage. Thus, growing awareness about environmental problems, since the solid waste is creating the need for the recycling of the waste in order to reduce the landfills because of the solid waste. Edible packaging plays an important role in reducing landfill disposals.
Need for the longer shelf life of the edible products
Increasing use of edible packaging for extending the shelf-life of the edible products is fostering the market growth. The ability to offer a longer shelf-life to products is driving demand for edible packaging. It can easily get tampered which makes it an ideal option for the packaging of different food products. Thus, the growing need for increasing the shelf-life of food products is propelling the global edible packaging market growth.
Figure 1. Global Edible Packaging Market Value Share (%), By Region, 2022
North America dominated the global edible packaging market in 2022, accounting for 35.7% share in terms of revenue, followed by Europe and Asia Pacific. Middle East and Africa were accounted for the least market share in the year 2022.
Market Restraints
Higher cost of packaging material
The high cost of edible packaging materials is expected to restrict the market growth. According to Coherent Market Insights’ analysis, the initial cost of one ton of edible films can be between 3000 to 3600 USD, depending on the quality and size of the machine. Thus, the high cost of edible packaging is projected to hamper the market growth.
Need for secondary packaging while using edible packaging
Edible packaging requires secondary packaging in order to deliver things to consumers safely, effectively, and consistently. Which is one of the key factors restricting its use. This factor is projected to hamper the edible packaging market growth over the forecast period.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2022: | US$ 1,004.00 Mn |
| QHistorical Data for: | 2018-2021 | Estimated Year: | 2023 |
| Forecast Period 2023 to 2030 CAGR: | 6.29% | Forecast Period: | 2023-2030 |
| Geographies covered: |
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| Companies covered: |
MonoSol, Kuraray Co. Ltd., JRF Technology, WikiFoods Inc., Safetraces Inc., and Tate and Lyle Plc.New Zealand Manuka Group, Hispanagar, Acroyali Holdings Qingdao Co., Ltd., Industrias Roko, S.A., Neogen, Merck Group, Agarindo Bogatama, Setexam, and Norevo GmbH. |
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Market Trends
Growing preference for reducing wastage of products is one of the growing trends in the market. Edible packaging reduces waste on landfills and increases the shelf-life of the products. Moreover, growing environmental concerns around the globe and the need for a sustainable environment are projected to foster the edible packaging market growth. Continuous product innovation by the edible packaging manufacturer in a sustainable packaging solution, is one of the emerging trends in the market, which is expected to foster the market growth. For instance, in November 2020, researchers of the University of Nottingham developed 100% biodegradable and edible food packaging, made from plant carbohydrates and proteins to replace polluting plastic materials and improve storage, safety, and shelf life of food/product. This move is in response to the growing need for environmental sustainability.
Figure 2. Global Edible Packaging Market Value Share, By Material Type, 2022
Edible Packaging Market, Segment Analysis by Material Type:
Based on material type, the market is segmented into Polysaccharides, Lipid, Surfactant, Protein Films, and Composite Films. The Protein Films segment accounted for the largest market share in the global edible packaging market and accounted for 31.8% share in 2022.
Increasing health awareness among millennial population is expected to drive the market demand for this segment as they are more aware about the hygienic foods and packaged products
The key players operating in the edible packaging market include MonoSol, Kuraray Co. Ltd., JRF Technology, WikiFoods Inc., Safetraces Inc., and Tate and Lyle Plc. These players are engaged in developing innovative products to meet emerging consumer trends. Moreover, they focus on providing high-quality products to their consumers to retain their market share/value.
Recent Developments
Competitive Section
Major players operating in the global edible packaging market include MonoSol, Kuraray Co. Ltd., JRF Technology, WikiFoods Inc., Safetraces Inc., and Tate and Lyle Plc.
Edible packaging refers to a packing that is edible and biodegradable. For example, candy, cookies, jams, and jellies are packed in such a way that it can be broke down into smaller particles, the edible packaging has the natural decomposition process and it does not affect the packed food and the goodness of the packed food product remains preserved for the future consumers to use. This kind of packaging is very attractive to consumers who are health conscious and those who want to go "green" by reducing their carbon footprint. Edible packaging is an important tool that helps consumers in making informed decisions on the products they purchase and how to reduce its impact on the environment. The food and packaging industries were obliged to offer the idea of edible packaging to the market due to the growing consumer demand for high-quality products made with natural components. Numerous methods have been improved till date to preserve the food, either by including preservatives or by altering the type of packaging material.
Market Dynamics
Research and development edible packaging is expected to propel growth of the global edible packaging market. 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 the 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 U.K.-based startup, announced partnership 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
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