A new report from Meticulous Research® titled “Edible Packaging Market Size, Share, Forecast, & Trends Analysis by Source (Plant, Animal), Raw Material (Seaweed & Algae, Polysaccharides, Lipids), Packaging Process (Antimicrobial, Nanotechnology, Microbial), End Use—Global Forecast to 2031” forecasts that the edible packaging market will expand to $1.98 billion by 2031, with a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
The report highlights several factors driving market growth. The need to reduce packaging waste, which has significant environmental implications, is a major driver. The rising consumption of processed foods is also contributing to the demand for innovative packaging solutions. Additionally, there is a growing preference for eco-friendly packaging alternatives, spurred by both consumer demand and regulatory pressures.
However, the market faces challenges. High costs associated with edible packaging materials can limit their adoption, and stringent regulatory requirements can slow down the introduction of new packaging solutions. Despite these challenges, the market offers substantial growth opportunities, particularly through advancements in packaging technologies and innovations in product development.
The report segments the edible packaging market based on source, raw material, packaging process, end use, and geography. Based on source, the plant segment is expected to hold the largest market share in 2024, driven by concerns over single-use plastics and the growing adoption of veganism and vegetarianism. The plant segment is also anticipated to experience the highest growth rate during the forecast period, driven by the rising demand for plant-based foods and concerns about the environmental impact of animal agriculture.
In terms of raw materials, the seaweed & algae segment is projected to dominate the market in 2024, accounting for 44.3% of the market share. Seaweed & algae are abundant, renewable, and sustainable, making them ideal for producing edible packaging materials. The polysaccharides segment, however, is expected to witness the highest growth rate during the forecast period, driven by their biodegradability, cost-effectiveness, and non-toxicity.
The antimicrobial packaging segment is expected to hold the largest market share in 2024. Antimicrobial packaging helps extend the shelf life of perishable foods and reduce the risk of foodborne illnesses by inhibiting the growth of harmful microorganisms. This focus on food safety drives demand for antimicrobial packaging solutions.
The food & beverages segment is anticipated to dominate the market in 2024, accounting for 78.1% of the market share. Edible packaging is widely used in the food & beverages industry for various products, including fresh food, functional foods, baby food, dairy products, and bakery & confectionery products. The increasing demand for processed foods and changing
Key Players
Some of the key players operating in the edible packaging market are Notpla Limited (U.K.), Xampla Limited (U.K.), JRF Technology, LLC (U.S.), MonoSol, LLC (U.S.), Evoware (Indonesia), Nagase America LLC (U.S.), Devro Limited (U.K.), TIPA Corp. Ltd. (Israel), Lactips (France), Mantrose-Haeuser Co., Inc. (U.S.), Do Eat (Belgium), Amtrex Nature Care Pvt. Ltd. (India), Glanbia plc (Ireland), and Pace International, LLC (U.S.).
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Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of source, raw material, packaging process, end use, and geography?
- What is the historical market size for edible packaging products across the globe?
- What are the market forecasts and estimates for the period 2024–2031?
- What are the major drivers, restraints, opportunities, challenges, and trends in the edible packaging market?
- Who are the major players in the edible packaging market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- What is the competitive landscape like in the edible packaging market?
- What are the growth strategies adopted by major players in the edible packaging market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the edible packaging market, and how do they compete with the other players?
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