Edible Packaging Market Is Projected To Rise At A High-Value CAGR Of 14.1% Through 2033

As per Fact.MR, a market research and competitive intelligence provider, the globalEdible Packaging Market is valued at US$ 1.11 billion in 2023. Worldwide sales of edible packaging materials are projected to increase at a CAGR of 14.2% from 2023 to 2033, according to a new study published by Fact.MR, a market research and competitive intelligence provider. Growing demand for biodegradable packaging solutions and high focus on packaging innovations are leading to rapid market growth.

Edible packaging solutions ensure secure and sanitary transportation of edible food products. The landscape is witnessing significant changes owing to multiple prevailing dynamic forces. Conventional packaging materials generate waste that is harmful to the environment, and edible packaging solutions with zero wastage are therefore becoming popular.

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8856

Several prominent businesses are embracing different types of edible packaging solutions. They work as oxygen barriers for food and are generally manufactured from probiotics, vitamins, and milk proteins.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

The global edible packaging market stands at US$ 1.11 billion in 2023.
Demand for edible packaging solutions is predicted to rise at a substantial CAGR of 14.2% through 2033.
The global market is set to reach a value of US$ 4.19 billion by 2033-end.
Demand for edible packaging solutions in Germany is predicted to increase at a healthy CAGR of 6.5% from 2023 to 2033.
The United States market is projected to expand at a 6.6% CAGR through 2033.
Protein-based edible packaging solutions held a 49% share of the global market revenue in 2022.
Utilization of edible packaging solutions in the food & beverage sector constituted 80.1% of the market share in 2022.

"Manufacturers in the packaging sector are increasingly adopting lightweight packaging solutions, utilizing air cushion bags, which contributes to the growing acceptance of lightweight and edible food & beverage packaging options," says a Fact.MR analyst.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐍𝐞𝐞𝐝 𝐟𝐨𝐫 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬

Prominent manufacturers are actively adopting nanotechnology techniques, such as multifunctional and nano-encapsulation systems, to enhance the nutritional value of food products and protect them from moisture, heat, and contaminants. Increasingly, multiple end users are limiting the use of single-use plastics, driving the demand for biodegradable packaging solutions and presenting global opportunities for players in the industry.

𝐖𝐞𝐥𝐥-𝐞𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐞𝐝 𝐅𝐨𝐨𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

Demand for edible packaging materials in the United States is forecasted to increase at a CAGR of 6.6% from 2023 to 2033. Rising demand for packaged food due to lifestyle changes, business countenancing improvements & developments, and the huge consumer base for edible packaging solutions offer opportunities for suppliers in this country.

The majority of food service outlets and manufacturers from the food & beverages sector are adopting edible packaging solutions to reduce packaging waste. A paradigm shift from conventional single-use plastics to reducing packaging waste is estimated to open up opportunities for key suppliers of edible packaging products in the United States.

𝐀𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬' 𝐄𝐝𝐢𝐛𝐥𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭:

"Surge in Adoption of Edible Packaging Solutions Fueled by Innovations and Tax Incentives"

The United States is poised to witness a notable shift towards the adoption of edible packaging solutions, fueled by innovative business practices and incentivizing tax measures.

Projections indicate that the demand for edible packaging materials in the United States will experience a steady ascent, registering a Compound Annual Growth Rate (CAGR) of 6.6% from 2023 to 2033.

Driven by the dynamics of ever-evolving lifestyles, there is an escalating demand for packaged foods within the United States. This, in turn, has prompted a heightened interest in edible packaging products. Businesses are increasingly veering away from traditional packaging methods, opting for advancements that align with sustainability and efficiency. Concurrently, players in the food service and food & beverage manufacturing sectors are embracing suitable packaging alternatives to curtail waste.

Furthermore, the presence of numerous food packaging manufacturers within the United States contributes to the overall revenue streams within this sector. Notably, the landscape is enriched by federal tax benefits that incentivize end users to opt for edible packaging materials, thereby propelling demand even further.

𝐖𝐢𝐧𝐧𝐢𝐧𝐠 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲

Key players in the industry are investing to introduce improved products to match customer requirements and gain a competitive edge.

For instance:

In February 2021, JRF Technology LLC introduced an innovative edible film strip containing elderberries from INS Farms.
Prominent manufacturers of edible packaging solutions include WikiCell Designs Inc., Safetraces, Inc., Tate & Lyle Plc., Tips Corp, Watson, Inc., MonoSol, LLC, Internpack, Devro Plc., Coveris Holdings, Dupont de Nemours and Company, Nagase & Co. Ltd., and Ingredion Inc.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐄𝐝𝐢𝐛𝐥𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

By Material :
Proteins
Polysaccharides
Lipids

By Source :
Plants
Animals

By Packaging Process :
Nanotechnology
Antimicrobial
Electrohydrodynamic
Coatings
Microorganisms

By End Use :
Food & Beverages
Pharmaceuticals

By Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/checkout/8856

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the edible packaging market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.

The study divulges essential insights into the market based on material (proteins, polysaccharides, lipids), source (plants, animals), packaging process (nanotechnology, antimicrobial, electrohydrodynamic, coatings, microorganisms), and end use (food & beverages, pharmaceuticals), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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This release was published on openPR.