Edible Packaging Market Share, Size, Demand & Trends 2022-27
According to the latest report by IMARC Group, titled “Edible Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″,The global edible packaging market size reached US$ 855.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,220.4 Million by 2027, exhibiting a CAGR of 6.18% during 2022-2027.
Edible packaging is made from natural, plant-based, and biodegradable materials. Unlike its plastic-based counterparts, this can be consumed without unpacking and throwing away the package. Edible packagings are mainly used to prevent food contamination caused by oxygen, solute, moisture, etc. They also inhibit microbial growth or unwanted chemical reactions, eliminate waste, enhance food quality, extend the shelf life of a product, etc. As a result, edible packaging is widely utilized by various end-user industries, including pharmaceuticals and food and beverages.
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Edible Packaging Market Trends and Drivers:
Numerous conventional packaging materials produce high amount of solid waste that adversely affects the environment and human health. As a result, several packaging companies are replacing them with edible packaging solutions made from probiotics, milk proteins, vitamins, etc., which act as an oxygen barrier to food. This, in turn, is primarily driving the edible packaging market. Furthermore, due to rising environmental concerns, various governing agencies across the globe are implementing stringent regulations to minimize waste generation. Besides this, numerous plasticizers and functional additives, such as antimicrobial agents, pigments, chemical preservatives, etc., are also being used in edible packaging to enhance the film’s protective properties. Moreover, the growing adoption of processed food products that need longer shelf life is further escalating the demand. Additionally, the increasing focus on utilizing nanotechnological solutions, such as nanoencapsulation and multifaceted systems, to improve the nutritional value of the food is also anticipated to catalyze the edible packaging market over the forecasted period.
Global Edible Packaging Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape Key Player:
- Devro plc
- Glanbia plc
- Ingredion Incorporated
- JRF Technology LLC
- MonoSol LLC (Kuraray Co. Ltd.)
- Nagase & Co. Ltd.
- Notpla Limited
- Safetraces Inc.
- Tate & Lyle Plc
- TIPA Corp Ltd.
The report has segmented the market on the basis on material type, source and end user.
Breakup by Material Type:
- Lipids
- Polysaccharides
- Proteins
- Surfactants
- Others
Breakup by Source:
- Plant
- Animal
Breakup by End User:
- Food and Beverages
- Pharmaceuticals
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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