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Edible packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Over the last two decades, global food industry has gone through vast changes in terms of consumer preferences. Demand for ready-to-use food is gaining momentum, which in turn, is expected to create demand for enhanced food packaging solutions. With global food industry players introducing novel products following trends in customer behavior, food packaging has also seen significant changes in terms of visual graphics, physical and chemical characteristics and biodegradability. Edible packaging is also a result of these trends in the food packaging industry.

Traditional packaging creates pollution and takes too much time to decompose. Regulations from various government and environmental agencies has led packaging manufacturers to reduce utilization of plastics by introducing biodegradable packaging. Edible packaging is a breakthrough in the field of food packaging, which creates zero waste after consumption of food product. Edible packaging can be used for several applications including poultry, meat, fruits, vegetables and other such food products. Edible packaging provides barrier to oxygen and carbon dioxide between food and atmosphere, leading to enhanced shelf life of the product. Rising consumer awareness, coupled with regulations from various government & non-government organizations, the demand for edible packaging is expected to grow at a significantly high CAGR over the forecast period of 2016-2026. 

Global Edible Packaging Market Dynamics

The demand for edible packaging, due to its several beneficial properties such as ecofriendly nature and biodegradability, is expected to grow significantly over the coming years. It also possess the potential in reducing waste of food packaging generated by corporate and residential areas across the globe. Further, environmental regulations to reduce the use of plastics for food packaging is pushing its demand to grow over the forecast period.

The major challenges with edible packaging is that it possesses inferior mechanical properties as compared to conventional packaging. For proper safety, edible packaging requires additional packaging over it which directly increases its cost, making it difficult to deliver at a cost comparable with that of the traditional packaging. Being relatively new in the market, consumers are less aware about the benefits of edible packaging technology, which pose a significant challenge for marketing products with edible packaging. Also, due to its biodegradable nature, edible packaging cannot be used for long term storage.

Since manufacturers and consumers are emphasizing on the use of edible packaging due to rising awareness and environmental concerns, the demand for edible packaging is expected to grow significantly over the forecast period of 2016-2026. Reduction in overall manufacturing cost can further fuel up the demand for edible packaging, leading to increased revenue for market players associated with this market.

Global Edible Packaging Market Segmentation:-

Global edible packaging market is segmented on the basis of raw material, end-use and region. By raw material, global edible food packaging market is segmented as the following:

  • Polysaccharides
  • Proteins
  • Lipid
  • Others

On the basis of end-use, global edible packaging market is segmented into:

  • Restaurants
  • Food Malls
  • Corporate Sector
  • Household
  • Others

Global Edible Packaging Market: Regional Outlook

Geographically, the global edible packaging market is segmented by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific excluding Japan (APEJ), Middle East and Africa and Japan. North America, APEJ and Europe are expected to be the major regions in the global edible packaging market throughout the forecast period.

Global Edible Packaging Market Players

Key players reported in the value chain of edible packaging include WIKIFOODS Inc., MONOSOL Inc. etc. Market players in the edible packaging industry are highly focused to reduce the overall manufacturing cost, making it comparable with that of the conventional packaging.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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