Edible Packaging Market to Witness Unprecedented Growth in Coming Years

The global edible packaging market size is projected to grow from USD 527 million in 2019 to USD 679 million by 2025, at a CAGR of 4.3%. The rise in the popularity of edible packaging solutions can be attributed to government initiatives, advancements in packaging technologies, and the development of new sources for edible packaging solutions. China, Indonesia, and India are among the key markets targeted by edible packaging manufacturers and distributors due to the government policies favoring edible packaging solutions and established base for raw materials in terms of plant-based sources that support the growth of edible packaging solutions in the region.

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On the basis of source, the plant segment is projected to be the largest contributor in the edible packaging market during the forecast period

The edible packaging industry has been segmented on the basis of source into plant and animal. The market for plant-based sources is projected to record a larger market share between 2019 and 2025. Edible packaging has been gaining significance among manufacturers and consumers alike due to the growing concerns over single-use plastics and their potential ban. Advancements in sources for edible packaging have also helped bolster prospects among manufacturers. Edible packaging helps reduce waste otherwise generated from single-use plastics while also posing a sustainable alternative for container applications in foodservice and delivery applications.

Easy availability and established manufacturing facilities drive prospects for seaweed and algae sources in the edible packaging market

Seaweed and algae have emerged as popular raw material sources in the manufacturing of edible packaging products. The inherent nature of seaweed as a nutrient-rich source of food further bolsters the adoption of seaweed in packaging applications without the need for additional chemicals. Commercial seaweed farming across countries in the Asia Pacific region has also helped supply the industry with sufficient raw material inputs and is seen as a sustainable source to meet industry packaging requirements. Seaweed can also be adapted across multiple food & beverage applications and can be processed into different forms, thereby granting a higher degree of flexibility to manufacturers.

Increasing use in beverages and pharmaceutical applications drives the growth of edible packaging solutions.

The edible packaging market is segmented on the basis of end use into food, beverages, and pharmaceutical applications. Beverages have proven to be a strong sector for growth in the market and is driven by its use in water, juices, and even alcoholic beverages. Foodservice industries are seeking to integrate edible packaging into their product lines, including their use as wrapping paper, containers, and replacements for plastic sachets.

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Asia Pacific is projected to grow at the fastest pace in the edible packaging market.

The edible packaging market in Asia Pacific is projected to witness significant growth during the forecast period due to evolving consumer preferences, government initiatives incentivizing the adoption of edible packaging solutions, and increase in the purchase power parity in developing regions, which has resulted in more businesses adopting edible packaging over conventional forms of plastic in the region. Consumers in these regions are switching to a lifestyle of zero-waste packaging to reduce the impact of plastic pollution.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Monosol LLC (US), JRF Technology (US), Evoware (US), Tipa Corp. (Israel), Nagase America (US), Notpla Ltd. (UK), Avani (Indonesia), Wikicell Designs (US), Amtrex Nature Care Pvt. Ltd. (India), EnviGreen Biotech Pvt. Ltd. (India), Regeno Bio-Bags (India), Devro Plc (UK), Apeel Sciences (US), Coolhaus (US), Do Eat (Belgium), Ecoactive (US), Mantrose UK Ltd. (UK), Dental Development Systems LLC (US), Tomorrow Machine (Sweden), and Lactips (France).

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