Edible Packaging Market - By Raw Material (Seaweeds & Algae, Polysaccharides, Lipids), By Packaging Process (Antimicrobial, Nanotechnology, Electro Hydrodynamic, Coatings, Microorganisms), By End Use (Food & Beverages, Pharmaceuticals) & Forecast 2023 - 2

Edible Packaging Market - By Raw Material (Seaweeds & Algae, Polysaccharides, Lipids), By Packaging Process (Antimicrobial, Nanotechnology, Electro Hydrodynamic, Coatings, Microorganisms), By End Use (Food & Beverages, Pharmaceuticals) & Forecast 2023 - 2032

Edible packaging market size is projected to expand at over 6% from 2023 to 2032. The rising environmental concerns and the push for sustainable packaging solutions are propelling the demand for edible packaging materials derived from natural sources.

Of late, consumers are increasingly seeking eco-friendly alternatives for encouraging innovations in edible packaging technology. For instance, in October 2021, British meal kit retailer Gousto introduced the stock cube wrapper, an innovative edible packaging solution as part of its ongoing efforts to reduce plastic in its recipe boxes. The strong commitment of the food & beverage sector to improve the overall consumer experience is further increasing the appeal of novel and edible packaging materials. Additionally, the rising regulatory initiatives for promoting sustainable practices along with the convenience and reduction of plastic waste associated with edible packaging will also boost the market growth.

The market is segregated into raw material, packaging process, end-user industry, and region.

With respect to packaging process, the edible packaging industry value from the antimicrobial segment is estimated to rise at over 6.5% CAGR from 2023 to 2032. This is due to the increasing demand for enhanced food safety and shelf-life extension. Antimicrobial packaging minimizes the risk of contamination and reduces food spoilage. The heightened focus on consumer health and sustainability, along with the rising need for innovative packaging solutions to address both the environmental concerns and food preservation will favor the segment growth.

Edible packaging market share from the food & beverages end-use segment is projected to witness over 7.5% CAGR between 2023 and 2032. The growth can be attributed to the increasing consumer preference for sustainable packaging. The rollout of stringent regulations on traditional packaging materials and the growing demand for eco-friendly solutions will also contribute to the product application outlook.

Regionally, the North America edible packaging industry size is forecasted to grow at over 6% CAGR from 2023 to 2032, owing to the increasing environmental consciousness, stringent regulations for promoting sustainable packaging, and growing consumer demand for eco-friendly alternatives. Additionally, the thriving food & beverage sector along with the strong focus on innovative and sustainable packaging solutions will boost the regional market expansion.