Growing demand from the packaging sector and rising awareness about single-use plastic are expected to drive the demand for the Edible Packagings market in the forecast period, 2024-2028. According to the TechSci Research report, “Edible Packaging Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, The Global Edible Packaging Market is projected to increase at an impressive rate in the forecast period, 2024-2028.
The Important Factors of the Edible Packaging Market
Single-use plastics like food containers, cling wraps, single-use coffee cups, milk cartons, and other items, tend to overflow into our landfills and ecosystems, severely damaging the earth.
Edible packaging has diverse applications in the industry, The Major application of Edible packaging is Food & Beverage and Pharmaceutical Industries. Edible packaging acts as a barrier to gas and moisture, which does not change the food’s flavor, aroma, or appearance. With increasing awareness, customers are concerned about plastic packaging to the extent, 42% believe that firms should prioritize making recyclable packaging, and 21% believe that the economy should completely switch to plastic-free packaging. The government and the commercial sector continue to make ambitious commitments to transition to a “circular economy,” a framework aimed at generating economic value by reducing waste and dependency on finite resources in favor of continued usage of materials and resources within it. Due to technological advancement, the sustainable development of edible packaging is a great substitute for conventional packaging.
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The Global Edible Packagings market is segmented based on Source, Material, and End User. Based on the Source, the market is divided into plants and animals. Based on Material, the market is divided into proteins, polysaccharides, lipids, and others. Based on End-User, the market is divided into food & beverages, pharmaceutical, and others. Businesses that package food for retail sale in different materials, such as plastic, glass, paperboard, and aluminum cans, are included in the packaged foods sector. Packaged foods include savory nibbles, sweet indulgences like chocolates, everyday staples like cereal and oats, packaged meat and seafood, fruits, cheeses, vegetables, and condiments like ketchup. Boxed meals that are ready to eat are also included in this category. Protein and carbohydrate molecules in edible plastics make packaged meals better for human health, using fewer resources.
Major companies operating in the global Edible Packaging market are:
- Notpla Limited
- Coveris holdings
- Ecolotec
- Lactips
- Biome Technologies
- Mori (Former Cambridge Crops)
- Tate & Lyle Plc.
- JRF Technology, LLC
- Tipa Corp
- MonoSol, LLC
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“The primary reason for the growth of the Global Edible Packaging Market is the rising demand from the packaging sector. Using edible packaging as a substitute for single-use plastic, glass, and metal, increasing demand for hygienic and flexible food packaging materials, increasing demand for decorative laminates, and shifting consumer preferences toward eco-friendly products, are expected to drive growth in the global edible packaging market. The North American region is expected to dominate the Global Edible Packaging Market in the upcoming years due to its significant manufacturing activity in numerous fields along with the rapid development of the e-commerce industry.
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This region holds numerous companies where different manufacturing activities are going on while holding the largest population. In addition, China and India are the major countries that trade in different sectors, such as pharmaceuticals, cosmetics, personal care products, the medical sector, food, and beverages worldwide, where packaging is required. Moreover, generating new possibilities for participants in the global edible packaging market, including increasing the adoption of energy-efficient technologies, and reducing the carbon footprint for sustainability, has increased the demand from edible packaging firms, creating favorable conditions to boost the global demand for the edible packaging market till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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