Report Overview

Global Edible Packaging Market Forecast and Trends

The global Edible Packaging market is anticipated to grow nearly at a CAGR of 5.7 % to reach US$ 1,087 Million by 2026. The increase in popularity of edible packaging solutions can be attributed to government initiatives, advances in packaging technologies, and new sources of edible packaging solutions that can be developed. Edible packaging has seen increased adoption due to factors such as high consumption of processed food products, an increase in people's hygiene concerns, and a rise in packaging waste through the use of synthetic polymers, thus affecting the environment, thus boosting the growth of the edible packaging industry.

The approach of eco-friendly packaging helps to conserve the atmosphere/environment as the products are both edible and harmless for human use, thereby reducing the use of plastic packaging ravage and propelling the growth of the global edible packaging industry. Plastic pollution and waste are considered harmful to the atmosphere as it takes a huge amount of time to recycle plastics. All of these factors helped the development of the edible market for packaging.

Global Edible Packaging Market Overview:

Edible packaging is defined merely as the thin, continuous layer of edible material formed on, placed on, or between food or food components. The package is an integral part of the food that can be consumed as part of the entire food product. Edible coatings should have an appropriate color, smell, tone, taste, and texture. It has to adhere to the product, but not conform to the packaging materials. In the mouth, it should melt, but not in the hands. Edible fruit and vegetable wraps that enhance food security may make healthy foods more appealing to consumers. Edible films may create new combinations of flavors.

Growth drivers

Lessening in Packaging Waste 

Edible packaging helps to preserve the environment as the consumer with the food product will consume the box itself, thus reducing the waste from packaging. Edible packaging also includes packaging films made up of vitamins, proteins, and probiotics of milk proteins, which have essential nutrients and are capable of providing the food with an oxygen barrier, thereby avoiding contamination. Plastic pollution and waste are considered harmful to the atmosphere as it takes a huge amount of time to recycle plastics. All of these factors helped the development of the edible market for packaging.

Technological advancement and Innovations

The edible packaging industry is still in its embryonic stage, and the market is making various advances. Nutrition nutritional characteristics are improved through the use of nanotechnology technologies such as Nano encapsulation and multifaceted systems. Nano encapsulation of active composites with edible covers helps protect the food from moisture and heat and prevents the entry of other particles into the food.

Restraints

High cost and Lack of Consumer Awareness concerning the advantage of edible packaging impeding the market of Edible Packaging

The manufacturing of edible packaging incurs a high cost since, during the transit, the packaging needs to meet the sanitary requirements. In fact, the edible layers are more likely to catch soil, germs, and other harmful particles that may contaminate the food product. Therefore, businesses have to spend a lot of money to prevent these layers from collecting dirt and germs.

Global Edible Packaging Market: Source

Based on Source, the Edible Packaging market bifurcated into Plant and Animals. The plant segment is supposed to be the most significant contributor in the edible packaging market during the forecast horizon, due to the growing concerns about single-use plastics and their potential ban. Advances in edible packaging sources have also helped to strengthen manufacturers ' prospects. Edible packaging helps to reduce waste otherwise produced from single-use plastics while also providing a sustainable option for foodservice and distribution applications for container applications.

Global Edible Packaging Market: Raw Material

Based on Raw Material, the Edible Packaging market segmented into Seaweeds and algae, Polysaccharides, Lipids, and Others (Surfactant, Composites, Carbohydrates). During the forecast horizon, seaweed and algae segments are projected to be the most significant contributor to the edible packaging market due to their inherent nature as a nutrient-rich food source. Seaweed can also be modified through several food & beverage applications and can be transformed into various forms, thereby providing manufacturers with a higher degree of flexibility.

Global Edible Packaging Market: Packaging Process

Based on Packaging Process, the Edible Packaging market segmented into Antimicrobial, Nanotechnology, Electro hydrodynamic, Coatings, and Microorganisms.

Global Edible Packaging Market: End Use

Based on End Use, the Edible Packaging market segmented into Food, Beverages, and Pharmaceuticals. The beverages segments are projected to be the most significant contributor to the edible packaging market owing to its use in juices, water, juices, and even alcoholic beverages. The foodservice industry aims to incorporate edible packaging into its product lines, including its use as wrapping paper, containers, and plastic sachet replacements.

Global Edible Packaging Market: Regional insights

By geography, the global Edible Packaging Market segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific is projected to grow at the highest CAGR due to the increasing awareness and knowledge of edible packaging benefits among customers. Rising and rising consumers ' disposable income, which affects their daily lives, is also likely to reflect favorably on the demand and popularity for global edible packaging. North America is expected to account for the most extensive user base in edible packaging solutions.

Edible Packaging Market: Competitive Landscape

The major market players in the Global Edible Packaging are Nagase America LLC, Devro PLC, Monosol LLC, JRF Technology, Evoware, Notpla LTD, Tipa Corp., Avani, Incredible Foods Inc., Amtrex Nature Care Pvt. LTD., Envi-Green Biotech Pvt. LTD., Regeno Bio Bags, Apeel Sciences, Coolhaus, Do Eat, Ecoactive, and other Prominent Players are expanding their presence in the market by implementing various innovations and technologies.

The objective of the Study:

To analyze and forecast the global Edible Packaging market size of the market, in terms of value.

To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Edible Packaging market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America and their leading countries.

To outline, categorized and forecast the global Edible Packaging market based on the Source, Raw materials, Packaging Process, and End use.

To examine competitive developments like technological advancement, services, and regulative framework within the global Edible Packaging Market.

To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Scope of the Report

By Source

·         Plant

·         Animals

By Raw Material

·         Seaweeds and algae

·         Polysaccharides

·         Lipids

·         Others (Surfactant, Composites, Carbohydrates)

By Packaging Process

·         Antimicrobial

·         Nanotechnology

·         Electro hydrodynamic

·         Coatings

·         Microorganisms

By End Use

·         Food

·         Beverages

·         Pharmaceuticals

By Region:

·         Asia Pacific

·         North America

·         Europe

·         Middle East & Africa

·         Latin America

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with a detailed classification?

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority and that is why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis

·         Additional country analysis

·         Detailed segment analysis