Edible Packaging Market

Edible Packaging Market Insights

"The global edible packaging market was estimated at USD 690.24 million in 2022 and is likely to grow at a CAGR of 6.53% during 2023-2028 to reach USD 1015.66 million in 2028."

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Introduction

Edible packaging is primary packaging made from edible materials such as lipids, polysaccharides, proteins, or a combination of three and others. Edible packaging is widely used for protecting foods and medicines from the external environment including moisture, oxygen, and other gases, fats, and oils; for carrying active compounds such as antioxidants, antimicrobial agents, flavoring, pigments, and nutrients; and for improving mechanical properties and shelf life of various products.

Edible Packaging Market Drivers

The edible packaging market is driven by a host of factors, some of which are noted below:

Cutting Back on Packaging Waste: Edible packaging reduces packaging waste by allowing users to eat the food product and packaging itself, contributing to 30.2% of household waste. It contains milk proteins, vitamins, and probiotics, providing essential nutrients and oxygen barriers.

Surge in Demand for Processed Food Products: The demand for processed food products containing added sugars, fats, oils, and salts is increasing. Edible coatings are expected to drive market growth due to their ability to provide longer shelf-life packaging.

Improving Technologies: The edible packaging market is advancing rapidly, utilizing nanotechnological solutions like nanoencapsulation to enhance food's nutritional value and protect it from moisture and heat.

Higher Manufacturing Cost: High manufacturing costs for edible packaging are due to sanitary requirements and the potential contamination of food products due to the proneness of edible layers to dirt and germs.

Stringent Regulatory Standards: Edible films must meet GRAS standards, consist of a water-soluble polymer, be manufactured on suitable machines, and contain general-purpose additives.

Edible Packaging Market Segments' Analysis

Material Insights

"Polysaccharide-based edible packaging segment accounted for the largest market share."

The market is segmented as lipids, polysaccharides, proteins, and others. The polysaccharide-based edible packaging held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. Starch is a polysaccharide which is widely used for making edible packaging.

Form Insights

"Edible film segment accounted for the largest market share."

The edible packaging market is segmented as film and coating. The edible film segment is expected to remain the larger segment of the market during the forecast period, owing to its wider applications in various end-use industries.

End-Use Industry Insights

"Food & beverage segment accounted for the largest market share."

The market is segmented as food, beverage, and pharmaceuticals. Food & beverage was the major end-use industry for the edible packaging market in 2022 and is expected to remain dominant during the forecast period as well. Edible packaging is widely used in the food & beverage industry for packing and protecting various food items such as vitamins, enzymes, food colors, food additives, beverage mixes, and soup.

Regional Insights

"North America accounted for the largest market share."

North America is expected to remain the dominant region in the market in the coming five years as the region is the early adopter of edible packaging solutions. The USA will continue to propel the demand for edible packaging in the region over the next five years.

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Key Players

The following are the key players in the edible packaging market:

• MonoSol LLC
• JRF Technology, LLC
• Nagase America LLC
• Notpla Limited
• Wikicell Designs Inc
• Amtrex Nature Care Pvt. Ltd.
• EnviGreen Biotech Pvt. Ltd.
• Devro Plc
• Apeel Sciences
• Mantrose UK Ltd.
• Do Eat
• Lactips.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The edible packaging market is segmented into the following categories:

By Material Type

• Lipids 
• Polysaccharides 
• Proteins 
• Others 

By Form Type

• Film 
• Coating 

By End-Use Industry Type

• Food
• Beverages
• Pharmaceuticals 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s edible packaging market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players based on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com