Global Edible Packaging market is anticipated to grow at a CAGR of 5.7 % to reach US$ 1,087 Million by 2026
Published | 29 February 2020
According to BlueWeave
Consulting, the Global Edible Packaging Market is expected to grow at a significant
rate during the forecast period. The Global Edible Packaging Market is
projected to reach the valuation of USD 1,087 million by the year 2026 by
growing at a CAGR of 5.7 % during the forecast period 2019- 2026. The market is
growing owing to various factors.
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.
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.
The
plant segment in Source is expected to grow at the highest rate during forecast
horizon
Based on Source, 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.
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.
North
America accounts for the lion’s share of the global Edible Packaging market
during the anticipated period.
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.
Explore full report with
detailed Table of Contents (TOC), “Global
Edible Packaging Market Size, By Source (Plant and Animals), By Raw Material
(Seaweeds and algae, Polysaccharides, Lipids, and Others (Surfactant,
Composites, Carbohydrates)), By Packaging Process (Antimicrobial,
Nanotechnology, Electro hydrodynamic, Coatings, and Microorganisms), By End Use
(Food, Beverages, and Pharmaceuticals), and by Region (North America, Europe,
Asia Pacific, Middle East & Africa and Latin America); Trend Analysis,
Competitive Market Share & Forecast, 2016-26”
At
The in-depth analysis of the
report provides the growth potential, upcoming trends, and statistics of Edible
Packaging market size & forecast. The report promises to provide
state-of-the-art innovations of Edible Packaging production and industry insights,
which help decision-makers to make sound strategic decisions. Furthermore, the
report also analyzes the market drivers, challenges, and competitive analysis
of the market.
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Related Report
Publish Date: August 2023
Increasing environmental concerns, growing demand for sustainable packaging solutions, and shifting consumer preferences toward eco-friendly products are expected to boost the growth of the global edible packaging market during the forecast period between 2023 and 2029.
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