Press release
Edible Packaging Market Size to Worth Around USD 1,416.77 million by 2031 | MonoSol, Kuraray Co. Ltd., JRF Technology
Edible Packaging Market
The global edible packaging market was valued at US$ 1,004.00 million in 2022 and is expected to exhibit a CAGR of 6.29% over the forecast period (2023-2030).
Market Dynamics:
Growing demand for sustainable packaging from food industry and rising awareness about reducing plastic waste are expected to drive the growth of global edible packaging market during the forecast period. Edible packaging being biodegradable helps reduce the carbon footprint and provides eco-friendly solution for food manufacturers. In addition, increasing consumer preference for green packaging is also fueling the adoption of edible films and coatings for various applications. Furthermore, ongoing R&D activities to develop new edible materials from plant-derived compounds are further expected to boost the market growth over the forecast years.
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Rising Health Consciousness among Consumers May Restrict the Market Growth to Some Extent
While edible packaging provides numerous advantages over traditional plastics, some materials used for edible coatings such as fats and lipids may not be suitable for health conscious consumers. Increased awareness about ingredients, additives and E-numbers has made consumers wary of artificial or processed substances in their food. Edible packaging produced using natural and organic compounds may be slightly costlier as compared to synthetic ones. This could limit their demand from the mass market. Potential allergens in some edible substances is another drawback that limits their usage. Additionally, not all types of foods are suitable for packing in edible format which disallows complete replacement of plastics. These factors may restrain the edible packaging market from penetrating the mainstream sector.
Growing Demand for Sustainable Packaging Presents Lucrative Opportunities
Rising concerns about environmental pollution and sustainability have increased the demand for eco-friendly alternatives across various industries including food packaging. Edible packaging provides a natural and green solution for waste management issues associated with plastic packaging. It eliminates the need for separate disposal and can help reduce carbon footprint. With growing investments into research and development of new biomaterials, the range of edible films, coatings and packaging is gradually expanding. This opens up opportunities to replace different types of plastics used for wrapping, lining and containment of various foods. Manufacturers can capitalize on the increasing focus on sustainability by launching innovative edible packaging formats made from agricultural waste, by-products and natural compounds. Partnerships with food brands and retailers provide a platform to promote their green attributes.
Biodegradability Is Emerging as an Important Trend in Food Packaging Industry
With rising global awareness about plastic waste pollution, biodegradability is gaining prominence as a desirable attribute for food packaging materials. While plastics are non-degradable and clog landfills and aquatic life, edible packaging can degraded naturally after usage without harming the environment. According to recent studies, fully biodegradable and edible formats are expected to be the future of food contact applications. Major packaging companies are investing heavily in research utilizing biopolymers, agricultural waste and seaweed extracts to develop next generation edible films with optimized properties. Government regulations in Europe and other developed markets are also becoming stricter for single-use plastic packaging. This increasing policy support and consumer preference for biodegradable products is expected to drive significant market opportunities for edible food wrappings, coatings and containers in the coming years.
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Top Companies Featured in This Report:
★ MonoSol
★ Kuraray Co. Ltd.
★ JRF Technology
★ WikiFoods Inc.
★ Safetraces Inc.
★ Tate and Lyle Plc.New Zealand Manuka Group
★ Hispanagar
★ Acroyali Holdings Qingdao Co., Ltd.,
★ Industrias Roko
★ S.A.
★ Neogen
★ Merck Group
★ Agarindo Bogatama
★ Setexam
★ Norevo GmbH.
Market Segmentation:
By Product Type:
★ By Material Type: Polysaccharides, Lipid, Surfactant, Protein Films, Composite FilmsForm: Strips, Powder
By Applications:
★ By ApplicationEnd Use Type: F&B Manufacturing, Fresh Food, Cakes & Confectionery, Dairy Products, Baby Food, Other Food Products, Pharmaceuticals, Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Edible Packaging Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Edible Packaging market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Edible Packaging market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Edible Packaging market.
Segment Analysis: Examining the market value and sales volume of Edible Packaging by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Edible Packaging market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Edible Packaging sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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