all report title image
  • Published On : Jan 2023
  • Code : CMI819
  • Industry : Packaging
  • Pages : 130
  • Formats :

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

Edible Packaging  | Coherent Market Insights

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.

CMI table icon

Edible Packaging Market  Report Coverage

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:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Material Type: Polysaccharides, Lipid, Surfactant, Protein Films, Composite FilmsForm: Strips, Powder    
  • By ApplicationEnd Use Type: F&B Manufacturing, Fresh Food, Cakes & Confectionery, Dairy Products, Baby Food, Other Food Products, Pharmaceuticals, Others
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. 

Growth Drivers:
  • Growing need to reduce the packaging wastes
  • Need for the longer shelf life for the edible productsAdoption in various end-use sectors
Restraints & Challenges:
  • High cost of edible packaging materials
  • Need for secondary packaging while using edible packagingAvailability of the raw materialRaw material are not easily available which seems less production

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  | Coherent Market Insights

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

  • In November 2020, researchers from IIT (Indian Institute of Technology), Kharagpur, developed a biodegradable food packaging material from cucumber peels with high cellulose content that could be used instead of single-use plastic for food packaging material
  • In June 2020, EU-funded project named YPACK was launched for the development of biodegradable food packaging products which are edible in nature since over the past couple years, YPACK has developed a bio-based plastic alternative to traditional plastic food packaging. YPACK’s compostable packaging is made from a sustainable biopolymer, poly(3-hydroxybutyrate-co-3-hydroxyvalerate) (PHBV), produced from industry by-products cheese whey and micro-cellulose from almond shells.
  • In February 2020, Toppan,a packaging solutions provider, launched food packaging systems that include edible packaging products.

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:

  • This report will provides an in-depth analysis of the global edible packaging market and provides market size (US$ Million and Kilo Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
  • It will elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global edible packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include MonoSol, Kuraray Co. Ltd., JRF Technology, WikiFoods Inc., Safetraces Inc., and Tate and Lyle Plc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
  • The global edible packaging market report caters to various stakeholders in this industry including investors, suppliers, edible packaging manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the edible packaging market

Detailed Segmentation:

  • Global Edible Packaging Market, By Material Type:
    • Polysaccharides
    • Lipid
    • Surfactant
    • Protein Films
    • Composite Films
  • Global Edible Packaging Market, By End Use Type:
    • F&B Manufacturing
      • Fresh Food
      • Cakes & Confectionery
      • Dairy Products
      • Baby Food
      • Other Food Products
    • Pharmaceuticals
    • Others
  • Global Edible Packaging Market, By Geography:
    • North America
      • U.S.
    • Latin America
      • Mexico
      • Brazil
      • Argentina
      • Rest of Latin America
    • Europe
      • EU 5
      • Nordic
      • Russia
      • Ukraine
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • OCEANIA
    • Middle East & Africa
      • Turkey
      • South Africa
      • Rest of Middle East & Africa
  • Company Profiles
    • MonoSol*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
    • Kuraray Co. Ltd.
    • JRF Technology
    • WikiFoods Inc.
    • Safetraces Inc.
    • Tate and Lyle Plc.

“*” marked represents similar segmentation in other categories in the respective section

Frequently Asked Questions

Global edible packaging market was valued at around US$1,004.00 Mn in 2022.
Growing need to reduce the packaging wastes and need for the longer shelf life of the edible products are expected to drive the market growth.
Growing preference for reducing wastage of products is one of the growing trends in the market
Key factors hampering the market growth include high cost of edible packaging materials and need for secondary packaging while using edible packaging.
Major players operating in the market include MonoSol, Kuraray Co. Ltd., JRF Technology, WikiFoods Inc., Safetraces Inc., and Tate and Lyle Plc.
The market is estimated to exhibit a CAGR of 6.29% in the forecast period (2023-2030).

Related Reports

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo