Edible Packaging Market Size, Share, Growth | Report 2028
IMARC Group, a leading market research company, has recently releases report titled “Edible Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global edible packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the edible packaging market?
The global edible packaging market size reached US$ 908.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,299.0 Million by 2028, exhibiting a CAGR of 6.07% during 2023-2028.
What is edible packaging?
Edible packaging is made from natural, plant-based, and biodegradable materials. Unlike its plastic-based counterparts, this can be consumed without unpacking and throwing away the package. Edible packagings are mainly used to prevent food contamination caused by oxygen, solute, moisture, etc. They also inhibit microbial growth or unwanted chemical reactions, eliminate waste, enhance food quality, extend the shelf life of a product, etc. As a result, edible packaging is widely utilized by various end-user industries, including pharmaceuticals and food and beverages.
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What are the growth prospects and trends in the edible packaging industry?
Numerous conventional packaging materials produce high amount of solid waste that adversely affects the environment and human health. As a result, several packaging companies are replacing them with edible packaging solutions made from probiotics, milk proteins, vitamins, etc., which act as an oxygen barrier to food. This, in turn, is primarily driving the edible packaging market. Furthermore, due to rising environmental concerns, various governing agencies across the globe are implementing stringent regulations to minimize waste generation. Besides this, numerous plasticizers and functional additives, such as antimicrobial agents, pigments, chemical preservatives, etc., are also being used in edible packaging to enhance the film’s protective properties. Moreover, the growing adoption of processed food products that need longer shelf life is further escalating the demand. Additionally, the increasing focus on utilizing nanotechnological solutions, such as nanoencapsulation and multifaceted systems, to improve the nutritional value of the food is also anticipated to catalyze the edible packaging market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Material Type:
- Lipids
- Polysaccharides
- Proteins
- Surfactants
- Others
Breakup by Source:
- Plant
- Animal
Breakup by End User:
- Food and Beverages
- Pharmaceuticals
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Devro plc
- Glanbia plc
- Ingredion Incorporated
- JRF Technology LLC
- MonoSol LLC (Kuraray Co. Ltd.)
- Nagase & Co. Ltd.
- Notpla Limited
- Safetraces Inc.
- Tate & Lyle Plc
- TIPA Corp Ltd.
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