Edible Packaging Market

Edible Packaging Market Overview

Edible packaging is the thin layer of material used for coating or wrapping food materials and helps in increasing the shelf life of the product. These packaging materials are made from various raw materials such as seaweeds & algae, polysaccharides, lipids, and other types of materials, that are used to transform into thin films. It is an environment-friendly technique used for the packaging of various food products. Edible packaging helps to enhance the quality and safety of the food product. During the manufacturing process of packaging material, numerous functional additives, including vitamins, essential oils, antioxidants, chemical preservatives, and pigments, are used to increase the properties of these materials.

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Major Edible Packaging Market Drivers

The key factors responsible for the growth of the global edible packaging market include the increasing disposable income and the rising emphasis on minimizing packaging waste materials and increasing the shelf life of the food products. In parallel, the accelerated consumption of processed food products, followed by the increasing hygiene-related issues among consumers, will positively impact the potential growth of the market. The significant shift in the consumption pattern of the consumers, along with the increasing awareness about hygiene, health, quality, and food safety, is encouraging the target consumers to opt for edible packaging materials to protect the environment and increase the shelf life of the products. Simultaneously, the strong demand for ready-to-eat food products and the continuous advancement in the packaging technologies to capture the changing demand of the consumers will create innumerable growth opportunities in the coming years. Additionally, various initiatives launched by the governments to promote the usage of edible packaging materials in order to protect the environment is directly surging the demand of the market. On the other edge, the high cost of edible packaging materials is the major factor which will have a negative impact on the growing demand of the market.

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On the basis of the raw material, the Seaweeds & Algae segment is projected to witness a higher CAGR during the forecast period. Seaweeds & Algae are one of the most significant raw material used for the manufacturing of edible packaging products. Seaweed is used for various food and beverage applications and be processed into multiple forms that will drive the demand of the segment in the market.

Based on the source, the plant source segment is predicted to dominate the global edible packaging market over the forecast period due to the growing concerns regarding the single-use plastics and accelerated demand for plant-based packaging material among manufacturers and consumers. In addition to this, rapid advancements in the sources will further boost the global edible packaging market.

Based on the end-use, beverages and pharmaceutical segments are expected to witness a higher CAGR during the forecast period. The emerging usage of edible packaging solutions in different beverages, including juices, water, and alcoholic beverages, is the key driver propelling the demand of the segment. Furthermore, the segment has received a fillip with new growth opportunities driven by the strong demand for processed food products and the changing lifestyle of the target audience. Edible packaging is used for the capsules packaging in the pharmaceutical industry. The growing health concerns at the global level are strongly deriving the pharmaceutical sector, which in turn, is catalyzing unprecedented growth of the segment.

On the basis of process technology, the antimicrobial process technology is projected to grow at a higher CAGE during the forecast period attributed to its ability to extend the shelf life of perishable products, increase efficiency, and improve the safety of ready-to-eat food products.

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Regional –Segment Analysis

Based on the region, the North America region is anticipated to lead the market over the forecast period due to the large consumer base and the fundamental shift in the consumer’s preference to opt for single-use plastics. In addition to this, the large number of food & beverage manufacturers and foodservice outlets are adopting edible packaging to reduce waste, which will further drive the demand of the market in this region. The market is becoming more mainstream in this region drive by the strong demand for processed food.

Top Market Players

Various notable players operating in the market include WikiCell Designs Inc, MonoSol LLC, Tate & Lyle Plc, JRF Technology LLC, Safetraces, Inc., BluWrap, Tipa Corp, Ingredion, Inc., Watson, Inc., Notpla Ltd., and Devro plc, among others.

Key Developments:

• • In 2019, MonoSol LLC set up a new manufacturing plant to expand its footprint in packaging solutions across the globe.

Segments covered in the Report:

The global edible packaging market has been segmented on the basis of raw material, source, end-use, process technology and regions. Based on raw material, the market is segmented into seaweeds & algae, polysaccharides, lipids, and others. Based on source, the market is segmented into plant and animal. Based on end-use, the market is segmented into men and women. Based on the end-use, the market is segmented into food, beverages, and pharmaceuticals. Based on food, the market is segmented into fresh food, bakery & confectionery, frozen foods, and others. Based on beverages, the market is segmented into non-alcoholic beverages and alcoholic beverages. Based on process technology, the market is segmented into antimicrobial, nanotechnology, electrohydrodynamic, coatings and Microbials.

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Key questions answered in this research report:

• • At what pace is global edible packaging market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in edible packaging market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global edible packaging market?
  • What are the various raw materials of global edible packaging market and how they are poised to grow?
  • Which Source generated maximum revenues in 2019 and identify the most promising Source during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation:

Global Edible Packaging Market by Raw Material

• • Seaweeds & Algae
  • Polysaccharides
  • Lipids
  • Others

Global Edible Packaging Market by Source

• • Plant
  • Animal

Global Edible Packaging Market by End-Use

• • Food
    • Fresh Food
    • Bakery & Confectionery
    • Frozen Foods
    • Others
  • Beverage
    • Non-Alcoholic Beverages
    • Alcoholic Beverages
  • Pharmaceuticals

Global Edible Packaging Market by Process Technology

• • Antimicrobial
  • Nanotechnology
  • Electrohydrodynamic
  • Coatings
  • Microbials

Global Edible Packaging Market by Region

• • North America Edible Packaging Market (Option 1: As a part of the free 25% customization)

    • North America Edible Packaging Market by Raw Material
    • North America Edible Packaging Market by Source
    • North America Edible Packaging Market by End-Use
    • North America Edible Packaging Market by Process Technology
    • United States of America (US) Edible Packaging Market All-Up
    • Canada Edible Packaging Market All-Up

  • Europe Edible Packaging Market (Option 2: As a part of the free 25% customization)

    • Europe Edible Packaging Market by Raw Material
    • Europe Edible Packaging Market by Source
    • Europe Edible Packaging Market by End-Use
    • Europe Edible Packaging Market by Process Technology
    • United Kingdom (UK) Edible Packaging Market All-Up
    • Germany All-Up Edible Packaging Market All-Up
    • France Edible Packaging Market All-Up
    • Spain Edible Packaging Market All-Up
    • Rest of Europe Edible Packaging Market All-Up

  • Asia-Pacific Edible Packaging Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Edible Packaging Market by Raw Material
    • Asia-Pacific Edible Packaging Market by Source
    • Asia-Pacific Edible Packaging Market by End-Use
    • Asia-Pacific Edible Packaging Market by Process Technology
    • China Edible Packaging Market All-Up
    • India Edible Packaging Market All-Up
    • Japan Edible Packaging Market All-Up
    • Rest of APAC Edible Packaging Market All-Up

  • RoW Edible Packaging Market (Option 4: As a part of the free 25% customization)

    • RoW Edible Packaging Market by Raw Material
    • RoW Edible Packaging Market by Source
    • RoW Edible Packaging Market by End-Use
    • RoW Edible Packaging Market by Process Technology
    • Brazil Edible Packaging Market All-Up
    • South Africa Edible Packaging Market All-Up
    • Saudi Arabia Edible Packaging Market All-Up
    • UAE Edible Packaging Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Edible Packaging Market All-Up

Major Players Operating the Edible Packaging (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • WikiCell Designs Inc
  • MonoSol LLC
  • Tate & Lyle Plc
  • JRF Technology LLC
  • Safetraces, Inc.
  • BluWrap
  • Tipa Corp
  • Ingredion, Inc.
  • Watson, Inc.
  • Notpla Ltd.
  • Devro plc