Edible Packaging Market is Anticipated to Witness High Growth Owing to Increased Demand for Sustainable and Environment-Friendly Packaging

 

Edible Packaging Market Size 

The edible packaging market involves products manufactured using edible ingredients that acts as an alternative for plastic packaging. Edible packaging products are manufactured using edible ingredients such as lipids, polysaccharides, proteins, and others and provides an eco-friendly and sustainable substitute for conventional packaging. Edible packaging offers advantages such as preservation of food quality and freshness along with shelf-life extension. Additionally, edible packaging reduces wastage generated from non-edible packing materials. The global demand for sustainable and eco-friendly packaging alternatives is driving the growth of the edible packaging market.

The Global edible packaging Market is estimated to be valued at US$ 90.06 Bn in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in the edible packaging are Tianshui Huatian Technology Co Ltd, Hana Micron Inc., lingsen precision industries Ltd, Formosa Advanced Technologies Co. Ltd (FATC), Advanced Semiconductor Engineering Inc. (ASE Inc.), Amkor Technology Inc., Jiangsu Changjiang Electronics Technology Co. Ltd, Powertech Technology, King Yuan Electronics Corp. Ltd, ChipMOS Technologies Inc., TongFu Microelectronics Co., and Signetics Corporation. These players are focusing on new product development and expansion strategies to strengthen their market position.

Regarding opportunities, there is a rising trend of customization and personalization in the food packaging industry. Edible Packaging Market Size provides an opportunity for branding and marketing of food products. Additionally, the growing acceptance of alternative vegan food products is also boosting the demand for edible packaging.

Global expansion is another major aspect in the edible packaging market. Leading players from Europe and North America are focusing on expanding to high growth markets like Asia Pacific and Latin America. Strategic partnerships and joint ventures with local players help global players to strengthen their supply chain and distribution network.

Market Drivers

One of the key drivers for the edible packaging market is increased awareness regarding environmental sustainability. Non-edible plastic packaging is a major contributor to increasing plastic waste. Edible packaging helps reduce the usage of single-use plastics offering a green substitute.

Strict government regulations regarding the ban on single-use plastics is another major factor propelling the market growth. Many countries have imposed bans or restrictions on plastic packaging to reduce pollution. This encourages the food industry players to shift towards eco-friendly edible packaging alternatives.

Market Restrains

High material and production costs compared to conventional packaging is a major challenge restraining the mass adoption of edible packaging. Producing edible films and coatings requires complex manufacturing processes increasing costs.

Limited functionality in terms of barrier properties is another factor limiting the wide application of edible packaging. Edible films may have low moisture, gas, and oil barrier properties compared to plastic reducing the shelf-life of some products. Technology advancements are ongoing to improve the functionality of edible packaging films and coatings.

Segment Analysis

The edible packaging market is dominating by bio-polymers such as proteins and polysaccharides. Proteins packagings made from whey, casein, collagen and gelatin is the largest sub-segment as it provides excellent tensile strength and flexural properties. It is renewable and biodegradable in nature making it more sustainable than synthetic plastics.

Global Analysis

Regionally, Asia Pacific dominated the edible packaging market in 2024 with more than 35% share attributed to increasing demand from food and beverage industry in countries like China and India. The region is anticipated to continue its dominance during the forecast period owing to rapidly growing population, rising disposable incomes and increasing focus towards bio-based packaging. North America is the second fastest growing regional market due to strict environmental policies banning single use plastics and focus towards sustainable packaging alternatives like edible films and coatings by food brands in United States and Canada.

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