Edible Packaging Market Scope
Edible packaging is a thin film that can be eaten together or removed prior to use that is used to wrap or cover food items and drugs to prolong their shelf life. The Food and Drug Administration (FDA) allows packaging materials to conform to the properties of safe-food ingredients and achieve Widely Accepted As Safe (GRAS) status. Edible packaging has seen increased adoption as a result of factors such as increased consumption of packaged foods, increased hygiene concerns among people, and an increase in packaging waste due to the use of synthetic polymers, which has an environmental impact, all of which will drive the edible packaging market growth over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Monosol LLC (United States), Evoware (United States), JRF Technology (United States), Nagase America (United States), Tipa Corp. (Israel), Notpla Ltd. (United Kingdom), Avani (Indonesia), Wikicell Designs (United States), Amtrex Nature Care Pvt. Ltd. (India), EnviGreen Biotech Pvt. Ltd. (India), Devro Plc (United Kingdom), Regeno Bio-Bags (India), Coolhaus (United States) and Apeel Sciences (United States) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Edible Packaging market throughout the predicted period.
Monosol LLC (United States), Evoware (United States), JRF Technology (United States), Nagase America (United States), Tipa Corp. (Israel), Notpla Ltd. (United Kingdom), Avani (Indonesia), Wikicell Designs (United States), Amtrex Nature Care Pvt. Ltd. (India), EnviGreen Biotech Pvt. Ltd. (India), Devro Plc (United Kingdom), Regeno Bio-Bags (India), Coolhaus (United States) and Apeel Sciences (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Mantrose UK Ltd. (United Kingdom), Do Eat (Belgium), Ecoactive (United States), Dental Development Systems LLC (United States), Lactips (France) and Tomorrow Machine (Sweden).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Edible Packaging market by Type , by Application (Food (Fresh Foods, Bakery & Confectionery Products, Frozen Foods), Beverages (Non-alcoholic Beverages, Alcoholic Beverages and Pharmaceuticals)) and Region with country level break-up.
On the basis of geography, the market of Edible Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On October 26, 2023, UK-based Skipping Stones and Norwegian company Biotrem announced a merger to create a leading player in seaweed-based edible packaging. The combined entity aims to expand production and research, aiming for a significant market share.
In October 2023, Uflex, a large Indian flexible packaging company, partnered with Evoware, a pioneer in seaweed-based edible films, to explore the development and commercialization of sustainable packaging solutions for food and beverages.
Influencing Trend:
Advancements in Technologies for New Packaging Methods
Market Growth Drivers:
Rising Demand for Biodegradable Packaging across the World Growing Processed Food Markets and Growing Ban on Single-use Plastics
Challenges:
Hygiene Issues during Product Transportation
Restraints:
High Product Cost
Opportunities:
Expanding Food & Beverages and Pharmaceuticals Industries and Increasing Innovation in Food Packaging
Key Target Audience
Edible Packaging Manufacturers and Suppliers, Raw Material Suppliers, Edible Packaging Distributors, Importers, and Exporters, Research Institutions, Government and Research Organizations, Packaging Industry and End-User Industry