Edible Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Edible Packaging Market
The Edible packaging market size was valued at USD 711.09 million in 2023, and the market is now projected to grow from USD 748.06 million in 2024 to USD 1,193.98 million by 2032, exhibiting a CAGR of 6.02% during the forecast period of 2023-2030.
The market for edible packaging also experienced decline because of the COVID-19 situation, with restrictions limiting manufacturing capabilities and supply chain availability of necessary materials. In addition, due to the rise in concerns about germs and security concerns, people and companies turned to traditional packaging which is considered safer as well as more reliable. Lack of funding and innovation to better package products in an environmental-friendly manner impacted market growth due to the recession.
Increasing consciousness regarding the impact of packaging materials on the environment and the need to make such packaging environmentally sustainable are the major drivers for great growth in the stakes of edible packaging. Strong growth drivers for this market are the availability of biodegradable materials and increasing demand from consumers and regulatory authorities to minimize the usage of plastic products. In addition, issues regarding food safety together with advanced technologies for preserving food make edible packaging even more appealing.
The global market for edible packaging is also expanding at a fast pace because the value consciousness and environmentally friendly conscience is growing significantly all around the world. New directions include the development of edible films based on natural polymers from vegetables including seaweed, rice, and potato. Innovations in the packaging materials field are enhancing the use and the ability to store the products in those packages. Also, the functional requirements such as the use of edible coatings to improve food safety and the shelf life is a crucial factor for edible packaging market growth.
Comprehensive Analysis of Edible Packaging Market
The Edible packaging industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by material, by product type, and by end-use. Based on material, market is divided into Protein, Polysaccharides, Lipid, and Others. Based on product type, market is divided into Films, Coatings, Spoon & Fork, and Others. Based on end-use, market is divided into Food & Beverages {Fresh Food, Bakery & Confectionary, Dairy Products, Others}, and Pharmaceuticals.
The North America holds leading position in edible packaging market share by benefitting a market size of USD 266.60 million in 2023 owing to the rising adoption rate of sustainable packaging from the consumers and strong emphasis on eco-friendly technologies market in this region. The market is encouraged by the firmly regulatory requirements for using plastic products in a region and the demand from the growing food and beverage industry.
The top players in the market play a crucial role in the industry assuring industrial prospectus growth and setting market standards. These players include, XAMPLA (U.K.), Notpla Ltd. (U.K.), JRF Technology (U.S.), MonoSol, LLC (U.S.), Evoware (Indonesia), Biome Bioplastics (U.K.), Decomer Technology OÜ (Estonia), Lactips (France), FlexSea (U.K.), Nagase America (U.S.).
In February of 2020, Toppan, a company that offers packaging solutions, introduced food packaging systems that consist of edible packaging items.
Segmentation Table
Global Edible Packaging Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.02% from 2024 to 2032
Unit Value (USD Million)
Segmentation By Material
Protein
Polysaccharides
Lipid
Others
By Product Type
Films
Coatings
Spoon & Fork
Others
By End Use
Food & Beverages
- Fresh Food
- Bakery & Confectionary
- Dairy Products
- Others
Pharmaceuticals
By Region
North America (By Material, By Product Type, By End Use, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
Europe (By Material, By Product Type, By End Use, and Country)
- Germany (By Product Type)
- France (By Product Type)
- U.K. (By Product Type)
- Italy (By Product Type)
- Spain (By Product Type)
- Russia (By Product Type)
- Rest of Europe (By Product Type)
Asia Pacific (By Material, By Product Type, By End Use, and Country)
- China (By Product Type)
- India (By Product Type)
- Japan (By Product Type)
- Australia (By Product Type)
- Southeast Asia (By Product Type)
- Rest of Asia Pacific (By Product Type)
Latin America (By Material, By Product Type, By End Use, and Country)
- Brazil (By Product Type)
- Mexico (By Product Type)
- Rest of Latin America (By Product Type)
The Middle East & Africa (By Material, By Product Type, By End Use, and Country)
- GCC (By Product Type)
- South Africa (By Product Type)
- Rest of the Middle East & Africa (By Product Type)
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