In 2020, the global Edible Packaging Market size was robust, and it is expected to exhibit a steady revenue compound annual growth rate (CAGR) throughout the forecast period. This growth is mainly driven by the increasing consumer demand for packaging materials that are natural and biodegradable, as well as for extending the shelf life of goods. Other crucial factors that are expected to drive demand for edible packaging and support market revenue growth include reducing packaging waste, retaining nutritional values, and providing consumable packaging.
The purpose of food packaging is to protect food from environmental, chemical, and physical damage during transportation, distribution, storage, and sale to the end consumer. Edible packaging is a specific type of packaging that is either intended to be consumed or has the ability to biodegrade in the same way as the food it contains. This type of packaging comes in various shapes and sizes and is constantly being improved and innovated to be made from a range of materials. The food, pharmaceutical, and biotech industries acknowledge edible packaging as a viable option for reducing waste and developing novel applications to improve desired product characteristics such as stability, quality, safety, variety, and consumer convenience.
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Major Companies:
- Kuraray
- JRF Technology
- WikiCell Designs
- Tate and Lyle
- BioFilm
- Devro plc
- Watson Inc
- Skipping Rocks Lab
- Evoware
- Do Eat
- Lactips
- Candy Cutlery
- Nagase Co. Ltd.
- Pace International LLC
- MonoSol LLC
- Tipa Corp.
- Safetraces, Inc.
- BluWrap
- Interpack
- Coveris Holdings
- Dupont
Drivers:
- Increasing consumer demand for natural and biodegradable packaging materials
- Growing interest in sustainable and eco-friendly packaging solutions
- Rising demand for extending the shelf life of food products
- Reduction of packaging waste
- Retention of nutritional values
- Convenience of consumable packaging
- Innovations and improvements in edible packaging technology
- Wide range of applications in the food, pharmaceutical, and biotech industries
Restraints:
- High cost compared to traditional packaging materials
- Limited availability of raw materials for edible packaging
- Technical challenges in producing edible packaging that meets industry standards for food safety and shelf life
- Limited shelf life of some edible packaging materials
- Limited availability of edible packaging for certain types of products
- Consumer acceptance and perception of edible packaging as a viable option for packaging goods
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