by Edible packaging is a type of packaging made from edible and eco-friendly materials such as proteins and polysaccharides. Edible packaging is biodegradable and compostable. Edible packaging materials are used to manufacture films and coatings that can be safely consumed along with the product. Common products using edible packaging include fruits, vegetables, candy, baked goods, and snacks. Edible packaging helps increase the shelf life of products by acting as a barrier against moisture, gases, and microbes. It maintains freshness while avoiding the use of plastic packaging.
The global Edible Packaging Market is estimated to be valued at US$ 1067.15 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
The global edible packaging market is expected to be flourished by adoption in food and beverages industry. Growing awareness among customers about harmful environmental impact of plastic packaging is driving the demand for edible packaging solutions. Edible packaging made from natural materials is perceived as sustainable and environment-friendly by consumers. Moreover, bans on single-use plastics by various governments worldwide has pushed food brands and retailers to replace conventional plastic with edible films and coatings. Adoption of edible packaging helps food companies enhance their sustainability credentials and green marketing strategies.
Another key driver is increasing demand for packaged food products with longer shelf life. Edible films and coatings act as effective oxygen and moisture barriers, thereby helping extend the freshness and durability of packaged foods. They prevent food spoilage without use of artificial preservatives. This offers advantages to both food producers and customers. Rising health consciousness is also augmenting the consumption of fresh and minimally processed foods that require innovative packaging technologies like edible films and coating.
Segment Analysis
The Edible Packaging Market Share is segmented into protein, polysaccharides, lipids and others. Polysaccharides segment is dominating the market owing to its wide availability and low cost. Polysaccharides are used to make edible films and coatings from seaweeds, chitosan, and alginates. The polysaccharides segment accounted for over 30% market share in 2024.
PEST Analysis
Political: Supportive government policies promoting sustainable packaging is driving the edible packaging market growth. Economic: Cost-effectiveness of edible packaging compared to conventional plastics packaging is fueling its adoption across industries. Social: Rising awareness about environmental protection and health concerns regarding plastics usage is increasing the demand for edible packaging. Technological: Advancements in material science for developing novel biomaterials for packaging is expanding applications of edible packaging.
Key Takeaways
The global edible packaging market is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: Asia Pacific region dominating with over 40% market share in 2024 owing to rapid growth of food processing industries in China and India.
Key players operating in the edible packaging market are Tianshui Huatian Technology Co Ltd, Hana Micron Inc., lingsen precision industries Ltd, Formosa Advanced Technologies Co. Ltd (FATC), Advanced Semiconductor Engineering Inc. (ASE Inc.), Amkor Technology Inc., Jiangsu Changjiang Electronics Technology Co. Ltd, Powertech Technology, King Yuan Electronics Corp. Ltd, ChipMOS Technologies Inc., TongFu Microelectronics Co., and Signetics Corporation. Key players are investing in R&D to develop new biomaterials for wider application of edible packaging across various industries.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
