Edible packaging market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. The demand for processed food products is increasing due to which manufacturing of edible packaging is also risingGovernment initiatives towards eliminating the use of plastic packaging and to adopt alternative such as edible packaging and advancements in packaging solutions are the crucial factors enhancing the overall market gorwth. Edible packaging helps in reducing waste generated from plastic packaging as this type of packaing can be eaten alonn with food products. This is the major reason attracting maufacturers focus towards use of edible packaging for their food products offering. For instance, in november 2021, Gousto Recipe Box teamed with Xamplato trial, an edible film specifically engineered for a commercial stock (bouillon) cube packaging application in one of Gousto’s meal kits. The application is a world-first edible packaging solution to be made from pea protein. Product is a single layer film, designed for precise application. The edible stock cube packaging is being tested to replace Gousto’s existing stock mix sachets, for a packaging-free stock.
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The cost of manufacturing edible packaging is high due to its benefits and increased popularity. In addition, The packaging needs to complete the sanitary requirements while in transit to maintain the hygiene which made the edible packaging costly. Moreover, the edible layers have high chances to catch dirt and germs and other harmful particles, which can infect and spoil the food product. Therefore, to protect the food product the companies have to spend a lot of money due to which the cost of edible packaging increases. High cost of the packaging machines and quality films used in edible packaging restrains the growth of edible packaging market worldwide.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Edible Packaging Market by Material
- Polysaccharides
- Lipid
- Protein Films
- Others (Composite Films and Surfactants)
Global Edible Packaging Market by End-User
- Food & Beverage
- Pharmaceutical
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Amtrex Nature Care Pvt. Ltd.
- BluWrap
- EnviGreen Biotech Pvt. Ltd.
- Evo & Co.
- Glanbia Nutritionals Inc
- JRF Technology, LLC
- Lactips
- MonoSol, LLC
- Nagase America LLC.
- Notpla Ltd.
- SafeTraces, Inc.
- Skipping Rocks Lab
- Tate & Lyle PLC
- TIPA Corp Ltd.
- WikiCell Designs Inc.
- Watson, Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global edible packaging market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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