Global Edible Packaging Market Size By Material Type (Lipids, Polysaccharides), By End User (Food & beverages, Pharmaceuticals), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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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.

Imagine packaging you can actually eat! That's edible packaging, and it's used for things like food and even medicine. One big reason for using it is to help food last longer. Not only is it safe to eat, but it's also good for the environment because it breaks down naturally. You can make it from all sorts of things, like surfactants, polysaccharides, protein films, lipids, and even combinations of those. Want to learn more? There's a Global Edible Packaging Market report that gives you the whole story. It dives deep into the important parts of the market, the latest trends, what's helping and hurting the industry, who the big players are, and basically everything that matters.

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

Imagine a world with less trash! Edible packaging is stepping in to help. You can actually eat the wrapper or container of your food, seriously cutting down on waste. Did you know the Environmental Protection Agency (EPA) says that about 30.2% of what we throw away at home is just food packaging? Plus, this edible stuff isn't just any old wrapper. It's often made with good things like milk proteins, vitamins, and even probiotics! These not only give you extra nutrients but also protect your food by keeping oxygen out and preventing yucky contamination. And let's face it, dealing with plastic waste is a huge headache, especially because it takes ages to recycle. So, with all these benefits, it's no wonder the Edible Packaging Market is taking off!

Lately, we've been eating way more processed foods. These foods often have extra sugar, fats, oils, and salts added to make them taste even better! Plus, they need packaging that helps them last longer, and that's where edible packaging comes in. Because we're eating so much of this stuff, the Edible Packaging Market is really starting to take off. It's still pretty new, but there are some cool things happening, like using nanotechnology – think nanoencapsulation and other fancy systems – to make our food even healthier. By coating active ingredients in edible films, we can protect food from things like moisture and heat, keeping it fresh and safe.

Making edible packaging can be pricey because it has to be super clean during shipping. Plus, these edible layers are easier for dirt, bacteria, and other nasty stuff to stick to, which could mess up the food inside. So, companies have to shell out big bucks to keep those layers germ-free. Also, edible films need the US Food and Drug Administration's stamp of approval, known as GRAS. And get thisthey need to be made from a water-soluble polymer using equipment that's A-OK for making food. The ingredients in these edible polymers have to include everyday additives. Oh, and one more thingif any of the ingredients cause allergies, it needs to be clearly marked 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

Think about who's using it, right? That's how the market splitsFood & beverages and Pharmaceuticals. Edible packaging is basically food wrapped in more food! Instead of plastic or paper, you're using something you can actually eat. This cuts down on waste because there's no packaging to throw away. The whole point is to munch on the wrapper after you're done with what's inside. This idea will probably get pretty popular soon. Like, back in November 2018, some researcher at the University of Nottingham came up with a totally biodegradable and edible food film made from vegetable carbs and proteins. They used starch and konjac flour, proteins, or cellulose to make it. It's not just biodegradable, it also helps keep your food safe, makes it last longer, and stores better.

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 ATTRIBUTESDETAILS
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
  • By Material Type
  • By End User
  • By Geography
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