Global Edible Packaging Market Size By Material Type (Lipids, Polysaccharides), By End User (Food & beverages, Pharmaceuticals), By Geographic Scope And Forecast
Published on: 2024-08-15 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Edible Packaging Market Size By Material Type (Lipids, Polysaccharides), By End User (Food & beverages, Pharmaceuticals), By Geographic Scope And Forecast
Edible Packaging Market Size And Forecast
Edible Packaging Market size was valued at USD 0.78 Billion in 2024 and is projected to reach USD 1.105 Billion by 2031, growing at a CAGR of 5.25% during the forecast period 2024-2031.
Edible packaging is a type of packaging used to package food products or consumer products such as medicine. Edible packaging is mostly done to increase the shelf life of food products. Edible packaging is intended for consumption and has the ability to biodegrade effectively. Edible packaging is made from a variety of materials such as surfactants, polysaccharides, protein films, lipids and composite films. The Global Edible Packaging Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Edible Packaging Market Definition
Edible packaging is primarily food packaged using food. They replace the packaging material with plastic or paper and something edible is used instead. In this way, the waste of packaging material is also eliminated. The main idea behind edible packaging is also the consumption of the packaging material once the food inside is ready. The packaging method is likely to gain momentum in the coming years.
For example, in November 2018, a researcher from the University of Nottingham invented an edible and purely biodegradable food film. The film was developed using vegetable carbohydrates and proteins. It was obtained using starch and konjac flour, proteins or cellulose. In addition to biodegradable packaging, it also contributes to improving the safety, storage and durability of food products.
It’s actually a great concept, but it comes with a few challenges. Challenges may slow the growth of the global Edible Packaging Market. However, the consistent development of new sources for edible packaging by product, advancements in packaging technologies and initiatives by government authorities are linked. contributing to the growth of the global Edible Packaging Market.
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Global Edible Packaging Market Overview
Edible packaging helps protect the environment as the user can eat the packaging of the food product itself, reducing packaging waste. According to the Environmental Protection Agency (EPA), approximately 30.2% of household waste is food containers and packaging. Edible packaging also contains packaging films that are made of milk proteins, vitamins, proteins and probiotics, which have essential nutrients and are able to provide an oxygen barrier to food and thus prevent contamination. Plastic emissions and waste are considered harmful to the environment because recycling plastics takes a huge amount of time. All these factors have fueled the growth of the Edible Packaging Market.
The demand for processed food products has been increasing in the last few years. These food products contain added sugar, fats, oils and salts to enhance the flavor and taste of the food. In addition, processed foods require packaging with a longer shelf life, which edible packaging is able to provide. Due to the high consumption of processed foods, the use of edible films and coatings is expected to drive the growth of the Edible Packaging Market. The Edible Packaging Market is still in its nascent stage and there are various advancements in the market. The nutritional properties of foods are enhanced by the use of nanotechnological solutions such as nanoencapsulation and multifaceted systems. Nanoencapsulation of active composites with an edible coating helps protect food from moisture and heat and prevents other particles from entering the food.
The costs of producing edible packaging are high, as the packaging must meet hygienic requirements during transport. In addition, edible layers are more susceptible to trapping dirt and bacteria and other harmful particles that can contaminate the food product. Companies therefore have to spend a lot of money to protect these layers from catching dirt and germs. Edible films must be generally recognized as safe (GRAS) by the US Food and Drug Administration. In addition, edible films must consist of a water-soluble polymer and must be produced on machinery considered suitable for processing food products. Ingredients used in edible polymers must contain general purpose additives. Another regulatory requirement specifies that if ingredients used in edible polymers are allergenic, then this should be clearly defined on the label.
Edible films are in direct contact with food products and are made from safe and healthy ingredients such as protein ingredients namely gluten, soy, casein, zein, whey proteins and collagen. Edible packaging therefore helps maintain product shelf life and increase food quality, minimizing the use of conventional/synthetic packaging while protecting the environment. Edible films prevent chemical damage to food, thereby extending its shelf life.
Global Edible Packaging Market Segmentation Analysis
The Global Edible Packaging Market is Segmented on the basis of Material Type, End User, And Geography.
Edible Packaging Market, By Material Type
- Lipids
- Polysaccharides
- Proteins
- Composite films
- Surfactants
Based on the Material Type, the market is bifurcated into Lipids, Polysaccharides, Proteins, Composite films, and Surfactants.
Edible Packaging Market, By End User
- Food & beverages
- Pharmaceuticals
Based on the End User, the market is bifurcated into Food & beverages, Pharmaceuticals. Edible packaging is primarily food packaged using food. They replace the packaging material with plastic or paper and something edible is used instead. In this way, the waste of packaging material is also eliminated. The main idea behind edible packaging is also the consumption of the packaging material once the food inside is ready. The packaging method is likely to gain momentum in the coming years. For example, in November 2018, a researcher from the University of Nottingham invented an edible and purely biodegradable food film. The film was developed using vegetable carbohydrates and proteins. It was obtained using starch and konjac flour, proteins or cellulose. In addition to biodegradable packaging, it also contributes to improving the safety, storage and durability of food products.
It’s actually a great concept, but it comes with a few challenges. Challenges may slow the growth of the global Edible Packaging Market. However, the consistent development of new sources for edible packaging by product, advancements in packaging technologies, and initiatives by government authorities are linked. contributing to the growth of the global Edible Packaging Market.
Edible Packaging Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Edible Packaging Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
Key Players
The “Global Edible Packaging Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are WikiCell Designs Inc., Tate & Lyle Plc., JRF Technology LLC., Safetraces, Inc., BluWrap, Skipping Rocks Lab, Tipa Corp, MonoSol, LLC, Watson, Inc., Devro plc.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
- In November 2020, researchers at IIT (Indian Institute of Technology), Kharagpur developed a biodegradable food packaging material from high-cellulose cucumbers that could be used instead of single-use plastic for food packaging material.
- In June 2020, an EU-funded project called YPACK was launched to develop biodegradable food packaging that is edible in nature, as YPACK has developed a bioplastic alternative to traditional plastic food packaging over the past few years. YPACK compostable packaging is made from a sustainable biopolymer, poly(3-hydroxybutyrate-co-3-hydroxyvalerate) (PHBV), made from the industrial by-products of cheese whey and microcellulose from almond husks.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Edible Packaging market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Edible Packaging market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | WikiCell Designs Inc., Tate & Lyle Plc., JRF Technology LLC., Safetraces, Inc., BluWrap, Skipping Rocks Lab, Tipa Corp, MonoSol, LLC, Watson, Inc., Devro plc |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
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