Edible Packaging Market

Fairfield Market Research anticipates unabated growth for the approximately US$900 Mn edible packaging market during the period of assessment. Greater emphasis on sustainable packaging will drive market growth.

Market Analysis in Brief

The increased focus on sustainable practices has created a global demand for sustainable packaging. In this context, edible packaging has gained traction as an eco-friendly alternative to traditional packaging. Edible packaging materials are biodegradable and reduce plastic waste, which predominantly drives the progress of the edible packaging market. Government and regulatory bodies are also promoting the adoption of edible packaging owing to its sustainability attribute. Apart from this, edible packaging is highly convenient for consumers as it eliminates the need to dispose of the food packaging material.

Adding to its advantages, edible packaging also extends the shelf-life of perishable products and aids in maintaining their freshness, thus reducing food waste and improving the overall quality of food. Such trends are anticipated to strengthen revenue opportunities across the edible packaging market players. Meanwhile, key industry participants, to gain a competitive edge, are exploring innovative technologies and materials to produce visually appealing edible packaging.

Key Report Findings

• The global edible packaging market reached an estimated revenue of US$900 Mn in 2022
• North America to wield a prominent market influence in the global edible packaging industry, contributing the largest share
• Consumer inclination toward eco-friendly products drives demand for sustainable packaging solutions
• Significant advancements in technology used for edible packaging are improving the functionality and effectiveness of edible packaging

Growth Drivers

Increased Focus on Reduced Packaging Waste

According to the Environmental Protection Agency (EPA), food containers and packaging contribute to approximately 30.2% of the household waste. Moreover, plastic packaging is harmful to the environment and takes time to recycle.

On the other hand, edible packaging can drastically reduce waste as individuals can consume the package too. Edible packaging consists of packaging films that are made up of vitamins, milk proteins, probiotic ingredients, and proteins. These ingredients also provide an oxygen barrier to the food, preventing it from being contaminated. Against this backdrop, the global edible packaging market is poised to witness robust expansion in the years to come.

Heightened Adoption of Processed Food Products

In today’s fast-paced world, individuals have a busy lifestyle. As a result, they are seeking processed food products as it saves time and is convenient. However, processed food products require a longer shelf-life. Edible packaging materials such as coatings or films are made from edible plant extracts or natural polymers. These materials can provide a protective barrier to the food and aid in maintaining its freshness and quality for longer durations. Therefore, the burgeoning demand for processed food products is expected to translate into revolutionary revenue opportunities for the edible packaging market.

Continuous Advancements in Technologies

Currently in its nascent stage, the edible packaging industry is experimenting with advanced technologies for product differentiation. Nanotechnological solutions such as multifaceted systems and nanoencapsulation, are among the latest production trends. These modern processes are expected to enhance the nutritional content present in the food product.

For instance, nanoencapsulation of active composites with edible coverings prevents moisture or heat from entering the food. Such advancements in the manufacturing of edible packaging are projected to stimulate robust growth across the global edible packaging market.

Restraints

Hygienic Requisites Associated with Edible Packaging Transportation

On an upward growth trajectory, the global edible packaging market is restricted by various macro factors. A major hindrance is the sensitivity of edible packaging to environmental variables. Furthermore, edible packaging needs special handling during storage and transit as edible surfaces are also more prone to gather debris, bacteria, and other dangerous elements that might spoil the food product. The hygienic requirements required for the transportation of edible packaging increase their overall cost. This factor is expected to hamper the growth of the edible packaging industry.

Key Segments

Plant-based Sources Gain Momentum

Based on the source, the global edible packaging market is categorised into plant and animal. Over the forecast period, plant-based sources are estimated to hold the lion’s share. Plant-based sources are a more sustainable alternative to conventional packaging materials that are derived from fossil fuels. Additionally, plant-based packaging materials are biodegradable and compostable. This aligns with the current trend of eco-friendly packaging solutions.

Growth Opportunities Across Regions

North America Maintains a Strong Foothold

North America’s edible packaging market is estimated to emerge as the key regional player during the projection period. This is majorly attributed to the large consumer base in North America for edible packaging solutions. Local consumers in the region are preferring edible alternatives as compared to single-use plastics, to reduce packaging waste.

Motivated by similar sustainable reasons, the food and beverage manufacturers, and food service outlets are also incorporating edible packaging solutions. Edible packaging also enables vendors to incentivize through federal tax breaks. The accumulated momentum of these notable factors is enabling North America to gain a competitive edge in the global edible packaging market.

Leading Market Players

Key industry participants in the edible packaging market are implementing various strategies including new product launches, and strategic acquisitions and collaborations, to expand their consumer base while maintaining their market position.

Some of the international players catalysing the growth across the edible packaging market include Monosol LLC (US), Evoware (US),  JRF Technology (US), Nagase America (US), Tipa Corp. (Israel), Avani (Indonesia), Notpla Ltd. (UK),  Amtrex Nature Care Pvt. Ltd. (India), Wikicell Designs (US),  Regeno Bio-Bags (India), EnviGreen Biotech Pvt. Ltd. (India),  Apeel Sciences (US), Devro Plc (UK), Do Eat (Belgium), Coolhaus (US), Mantrose UK Ltd. (UK), Ecoactive (US),  Tomorrow Machine (Sweden), Dental Development Systems LLC (US), and Lactips (France).

Recent Notable Developments

• In August 2022, Nippon Paint China and BASF, prominent players in the coatings industry, launched an eco-friendly edible packaging solution. This pioneering initiative was seamlessly integrated into Nippon Paint's dry-mixed mortar series products, showcasing their commitment to sustainability and innovative practices

• Evoware, a sustainable packaging company, unveiled the ingenious Ello Jello cup, at the organisation’s second-anniversary celebration in September 2022. This novel product, produced from seaweed, is sustainable but also a delightful and palatable experience

Regional Classification of the Global Edible Packaging Market is Described Below:

North America

• U.S.
• Canada

Europe

• Germany
• France
• Spain
• U.K.
• Italy
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC
• South Africa
• Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability

Key Elements Included In The Study: Global Edible Packaging Market

• Edible Packaging Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value and Volume, 2018 - 2022
• Volume Consumption at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

Post Sale Support, Research Updates & Offerings

We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.

• The report will be prepared in a PPT format and will be delivered in a PDF format.

• Additionally, Market Estimation and Forecast numbers will be shared in Excel Workbook.

• If a report being sold was published over a year ago, we will offer a complimentary copy of the updated research report along with Market Estimation and Forecast numbers within 2-3 weeks’ time of the sale.

• If we update this research study within the next 2 quarters, post purchase of the report, we will offer a Complimentary copy of the updated Market Estimation and Forecast numbers in Excel Workbook.

• If there is a geopolitical conflict, pandemic, recession, and the like which can impact global economic scenario and business activity, which might entirely alter the market dynamics or future projections in the industry, we will create a Research Update upon your request at a nominal charge.