Global Edible Packaging Market Size study & forecast, by Material Type (Lipids, Polysaccharides, Proteins, Composite films, Surfactants) by End User (Food & beverages, Pharmaceuticals) and Regional Analysis, 2022-2029

Global Edible Packaging Market Size study & forecast, by Material Type (Lipids, Polysaccharides, Proteins, Composite films, Surfactants) by End User (Food & beverages, Pharmaceuticals) and Regional Analysis, 2022-2029

Global Edible Packaging Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Edible packaging refers to the use of food materials to package and store food products. Instead of traditional packaging materials like plastic, paper, or metal, edible packaging is made from materials that can be consumed along with the food they contain. Edible packaging can be made from a variety of materials such as starches, proteins, and fats. For example, edible packaging can be made from rice flour, corn starch, seaweed, or even fruit. These materials are typically biodegradable and can reduce waste since they can be eaten or composted after use. The key factor driving the market growth is growing preference for environment friendly solutions, ban on single-use plastics, and rising demand for the processed food products that anticipated to support the market growth during forecast period.

However, over the past few years, there has been a rise in demand for processed food products. To improve the taste and flavour of the foods, these food items have extra sugar, fats, oils, and salt. Additionally, processed goods need packaging with an extended shelf life, which edible coatings can provide. The use of edible films and coatings is anticipated to drive the edible packaging market to grow due to the widespread consumption of processed foods. According to Statista, in 2017, the processed food market in South Korea was valued USD 61 billion and the market is increased significantly and reached USD 78 billion in 2021. As a result, the rising processed food market is anticipated to support the market growth during the forecast period. Additionally, advancements in technologies for new packaging methods are anticipated to create the lucrative opportunity for the market during forecast period. However, the low tensile strength as compared to traditional plastic, and requirement of secondary packaging stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Edible Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the presence of key market players, and significant presence of processed food and pharmaceutical industries. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as growing plastics bans, growing consumer awareness of the harmful impacts of excessive plastic use for food packaging, and growing pharmaceutical and food and beverage industries would create lucrative growth prospects for the Edible Packaging market across Asia Pacific region.

Major market player included in this report are:
WikiCell Designs Inc.
Tate & Lyle Plc.
Safetraces, Inc.
MonoSol, LLC
Watson, Inc.
Coveris Holdings
Devro plc
Dupont de Nemours and Company
Ingredion Inc
Nagase & Co. Ltd.

Recent Developments in the Market:
In April 2021, A plant-based, edible coating named VitaFresh Botanicals - Life Ultra was launched by AgroFresh Solutions, Inc., to keep produce fresh and prevent food loss and waste. For better fruit protection and coating coverage, Life Ultra creates smaller particles using a cutting-edge nano emulsion process. The Federal University of So Carlos in Brazil, QGP Qumica, and Embrapa Instrumentation—all subsidiaries of the Brazilian Agricultural Research Corporation—developed the nano emulsion technology.

Global Edible Packaging Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material Type, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Material Type:
Lipids
Polysaccharides
Proteins
Composite films
Surfactants
By End User:
Food & beverages
Pharmaceuticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

WikiCell Designs Inc.
Tate & Lyle Plc.
Safetraces, Inc.
MonoSol, LLC
Watson, Inc.
Coveris Holdings
Devro plc
Dupont de Nemours and Company
Ingredion Inc
Nagase & Co. Ltd.

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