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| Global Edible Packaging Market Size |
Edible packaging involves the use of edible films and coatings to extend
shelf-life of perishable food products. Edible films helps in moisture
retention and provides a barrier to gases like oxygen and carbon dioxide. Films
made from materials like proteins, polysaccharides and lipids are increasingly
being used as sustainable alternatives to synthetic plastic packaging.
The
Edible Packaging Market is estimated to be valued at US$ 1067.15 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
Rising awareness about environmental hazards of plastic waste disposal and
stringent regulations on single-use plastic are fueling demand for
biodegradable and edible packaging solutions. Biodegradable packaging segment
is witnessing highest growth led by products made from seaweed, rice and other
plant-based materials. Seaweed based films are gaining popularity due to their
excellent oxygen and moisture barrier properties. These edible films can be
consumed along with product after use, thus eliminating waste. Growing
health-conscious consumer base is also spurring demand for packaging containing
antioxidants and nutritional ingredients. Companies are innovating edible films
with antimicrobial properties to increase shelf-life of perishables without
Chemical preservatives.
Segment Analysis
The global edible packaging market can be segmented by type as polysaccharides,
lipids, and proteins. Among these, the polysaccharides segment is dominating
the market and accounted for over 40% share in 2023. Polysaccharides are
further segmented as cellulose and its derivatives such as hydroxypropyl
methylcellulose (HPMC), which are majorly used in edible packaging applications
due to their multifunctionality in providing strength and flexibility to packages.
Key Takeaways
The Global
Edible Packaging Market Size is expected to witness high growth,
exhibiting CAGR of 6.2% over the
forecast period, due to increasing demand for sustainable and
environment-friendly packaging solutions from food & beverage industries.
Regional analysis
Europe dominated the global edible packaging market in 2023 and accounted for
around 30% share, followed by North America. The growth in these regions is
attributed to the stringent government regulations regarding the use of plastic
packaging and adoption of biodegradable and edible alternatives. Asia Pacific
is expected to be the fastest growing regional market, owing to the presence of
major packaged food markets like China and India.
Key players
Key players operating in the edible packaging market are MonoSol, Kuraray Co.
Ltd., JRF Technology, WikiFoods Inc., Safetraces Inc., and Tate and Lyle
Plc.New Zealand Manuka Group, Hispanagar, Acroyali Holdings Qingdao Co., Ltd.,
Industrias Roko, S.A., Neogen, Merck Group, Agarindo Bogatama, Setexam, and
Norevo GmbH. These players are focusing on new product launches and expansion
strategies to strengthen their market positions.
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