Global Edible Packaging Market Size Set to Reach USD 2.165 Billion by 2029

Published | 04 August 2023

Global edible packaging market flourishing due to the rising demand for sustainable packaging solutions, increasing environmental consciousness, and shifting consumer preferences toward eco-friendly alternatives.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global edible packaging market size at USD 1.15 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global edible packaging market size to expand at a significant CAGR of 11.12% reaching a value of USD 2.165 billion by 2029. Edible packaging offers biodegradable and safe-to-consume materials, reducing reliance on non-renewable resources and minimizing packaging waste. Plant-based starches, proteins, and seaweeds are used to create films, coatings, and containers. The market is driven by strict regulations promoting sustainability and a growing need for eco-friendly packaging options across various industries. With ongoing research and innovation, the global edible packaging market is expected to continue flourishing over the forecast period.

Opportunity: Increasing adoption of portion-size packaging

The increasing adoption of portion-size packaging will likely create ample opportunities for the growth of the edible packaging market. Portion-size packaging refers to smaller packages that contain a single serving of a product, offering convenience, portion control, and reduced food waste. This trend is fueled by changing consumer lifestyles, on-the-go consumption habits, and the demand for individually wrapped or portioned products. Edible packaging aligns well with this trend as it provides sustainable and convenient packaging options that can be consumed along with the product, eliminating the need for separate packaging and reducing waste. The growing emphasis on portion-size packaging presents significant opportunities for the edible packaging market to expand and cater to the evolving needs of consumers.

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Impact of COVID-19 on Global Edible Packaging Market

The COVID-19 pandemic had a mixed impact on the global edible packaging market, with increased emphasis on food safety and hygiene driving demand for safer packaging solutions, while disruptions in supply chains and economic uncertainties have posed challenges. The heightened awareness of contamination risks has led to a greater interest in edible packaging as a safe option, particularly for single-use applications. However, supply chain disruptions and consumer demand fluctuations have affected the market. As the situation stabilizes, the market is expected to rebound and continue its growth trajectory, driven by the ongoing focus on food safety and sustainable packaging practices.

Global Edible Packaging Market

Segmental Information

Global Edible Packaging Market - By Packaging Process

Based on the packaging process, the global edible packaging market is divided into antimicrobial, nanotechnology, electro hydrodynamic, coatings, and microorganisms segments. The nanotechnology segment holds a major share in the edible packaging market by packaging process. Nanotechnology involves the manipulation and utilization of materials at the nanoscale level to enhance the properties and functionality of edible packaging materials. This technology offers several advantages, including improved mechanical strength, enhanced barrier properties, and increased stability of the packaging materials. Nanotechnology enables the development of edible packaging with enhanced performance, such as better moisture resistance, gas barrier properties, and longer shelf life for food products.

Global Edible Packaging Market - By End User

Based on end user, the global edible packaging market is divided into food, beverages, and pharmaceutical segments. The food segment holds a significant share in the edible packaging market. The food industry represents a substantial portion of the overall market demand for edible packaging. The rising demand for convenience and on-the-go food products further drives the adoption of portion-size packaging, which can be facilitated by edible packaging materials. The food segment's significant market share and ongoing consumer trends towards sustainability and convenience make it a key driver of market growth in the global edible packaging industry.

Global Edible Packaging Market - By Region

Based on the region, the global edible packaging market is divided into North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East, and Africa (MEA). The APAC segment is expected to be the fastest-growing region in the market due to several factors, such as a large and expanding population, increasing consumer awareness of sustainability, and changing lifestyles. Rising urbanization, growing disposable income, and a preference for convenience-oriented products contribute to the demand for portion-sized and individually wrapped items, creating opportunities for edible packaging. Additionally, government initiatives promoting sustainable packaging practices and the presence of a robust food and beverage industry further bolster the market's growth prospects in the APAC region.

Competitive Landscape

The global edible packaging market is fragmented with numerous players serving the market. The key players dominating the global edible packaging market include Monosol LLC, JRF Technology, Evoware, Tipa Corp., Nagase America, Notpla Ltd, Avani, Wikicell Designs, Amtrex Nature Care Pvt Ltd, EnviGreen Biotech Pvt Ltd, Regeno Bio-Bags, Devro Plc, Apeel Sciences, Coolhaus, and Ecoactive. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of the Global Edible Packaging Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the Global Edible Packaging Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Edible Packaging Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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