Press release
Edible Packaging Market Outlook 2032: Projected to Reach US$ 264.1 Million by 2032, Growing at a CAGR of 5.1% from 2024
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Analyst Viewpoint
Advancements in packaging technologies and increasing demand for healthy, eco-friendly products are significant drivers of market growth. R&D efforts in edible packaging have expanded due to the focus on health, fitness, food safety, nutrition, and environmental protection. Key players are shifting towards innovative, biodegradable, and edible packaging materials that meet food quality and safety standards.
Market Introduction
Edible packaging refers to materials that can be consumed along with the food or beverages they contain, reducing waste and offering a substitute for conventional packaging. Made from fruit peels, starches, proteins, seaweed, and other natural materials, edible packaging provides temporary protection and preservation for food products while minimizing environmental impact.
Types of Edible Packaging
Edible Coatings: Applied in liquid form via coating, spraying, or immersion, creating an edible layer on food.
Edible Films: Utilized as solid lamination sheets that can be removed during food preparation.
Key Market Drivers
Advancements in Packaging Technologies: Development of new materials and methods for creating edible coatings and films.
Rise in Demand for Healthy Products: Growing consumer preference for minimally processed, fresh food products with enhanced nutritional and sensory qualities.
Market Dynamics
Advancements in Packaging Technologies
Edible packaging can improve food quality and shelf life, meeting consumer demand for eco-friendly products. Companies are actively developing advanced edible packaging materials to reduce waste and environmental impact.
Rise in Demand for Healthy Products
Edible packaging made from soy protein, wheat gluten, whey, gelatin, and other ingredients is gaining popularity. These materials enhance barrier and mechanical qualities, prolong shelf life, and improve food safety and nutritional value.
Regional Outlook
Europe
Europe held the largest market share in 2023, driven by continuous R&D in edible packaging and strong government support for eco-friendly initiatives. The region's market dynamics are propelled by innovative packaging solutions and high consumer demand for quality products.
Key Players
Key players are enhancing their capacity to produce innovative, technologically advanced styles and designs in edible packaging. Companies such as MonoSol, LLC. (Kuraray Co. Ltd.), Notpla Limited, Tate & Lyle PLC, and others are profiled based on various parameters, including company overview, business strategies, financials, and recent developments.
Notable Developments
December 2021: MonoSol raised the price for water-soluble films made in the U.S. by a minimum of 6%, starting January 2022.
September 2021: Pace International LLC launched PrimaFresh 60 Organic (OR), an edible plant-based coating for enhancing dehydration control in stone fruit.
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Market Segmentation
By Source
Plant Source
Animal Source
By Material Type
Polysaccharides
Lipids
Surfactants
Protein Films
Composite Films
By End-use
F&B Manufacturing
Pharmaceuticals
Others
Regions Covered
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Countries Covered
U.S.
Canada
Brazil
Mexico
Germany
Spain
Italy
France
U.K.
BENELUX
Nordic
Russia
China
India
ASEAN
Australia and New Zealand
Japan
North Africa
South Africa
GCC Countries
Market Snapshot
Market Size in 2023: US$ 167.9 Mn
Market Forecast (Value) in 2032: US$ 264.1 Mn
Growth Rate (CAGR): 5.1%
Forecast Period: 2024-2032
Historical Data Available for: 2019-2023
Quantitative Units: US$ Mn for Value and Tons for Volume
Market Analysis: Segment analysis, regional-level analysis, qualitative analysis (drivers, restraints, opportunities, key trends, Porter's Five Forces Analysis, value chain analysis, key trend analysis)
Competition Landscape: Market share analysis by company (2023), company profiles (overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, key financials)
Format: Electronic (PDF) + Excel
Conclusion
The edible packaging market is set for significant growth, driven by advancements in technology and rising demand for health-conscious and environmentally friendly packaging solutions. While Europe currently leads the market, the global landscape is poised for innovation and expansion, offering ample opportunities for key players and new entrants alike.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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