Edible Packaging Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2305 | Last Updated On: Oct 27 2022 | Available Formats

> Global Edible Packaging Market Expected to reach a high CAGR of 5.6% by 2029: DataM Intelligence

Global Edible Packaging Market is segmented By Material (Seaweed & Algae, Lipids, Others), By Source (Animal, Plant), By End-Use(Food (Bakery & Confectionery Products, Dairy Products, Others), Beverages (Water, Soft-Drinks, Alcoholic Beverages)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

The Global Edible Packaging Market is expected to grow at a high CAGR of 5.6% during the forecasting period (2022-2029).

Edible Packaging Market Scope

Market CAGR

5.6%

Segments Covered

By Material ,By Source , By End-Use and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Edible packaging is a novel biodegradable packaging technique that employs food products wrapping in eatable structures derived from various plant and animal sources. The large amounts of packaging waste resulting from food and beverage packaging motivate food processors and consumers towards eco-friendly solutions. Edible packaging is considered the ideal solution to support food processors in their long-term war against the packaging waste epidemic. 

Market Dynamics:

The growing interest in good-for-nature packaging solutions among consumers and food manufacturers due to rising awareness of plastic wastes is the primary factor driving the global edible packaging market's growth. The demand for processed food products and packaged beverages is significantly growing across the globe. In the U.S. market, bottled water has emerged as the largest beverage category with a consumption volume of 13.7 billion gallons in 2018, which is 7% higher than the previous year. Furthermore, several packaging material companies focus on developing novel edible wrappers with attractive aesthetic features, which is surging interest among millennials. The rate of plastic packaging is declining in most regions. The Plastic Pollution Coalition stated that the plastic recycling rate in the U.S. declined from 9.1% in 2015 to 4.4% in 2018. The plastic waste generation witnessed a growth of 3.8% during the same period. This is further promoting the interest in edible packaging solutions.

Market Segmentation:

The global edible packaging market is segmented by source into plant and animal categories. Plant-derived materials are the most used edible packaging materials in the food and beverage industry, with a sales revenue share of XX% in 2018. Seaweed is dominating the market owing to its rich polysaccharides content. By geography, the North American region is dominating the global market. The technological advancements and presence of edible water bottle manufacturers such as Nomaco Limited are increasing the utilization in the U.S., thus supporting the growth in the North American region. The edible water bottle brand Ooho launched by Skipping Rocks Lab Limited is one of the most focused edible water bottles in Europe and the U.S.

The global edible packaging market is currently in the infancy phase regarding product development and customer adoption. Large packaging solution providers are focusing on designing attractive edible packaging formulations to gain market hold. This technology's significant potential in the functional water and non-alcoholic drinks segment motivates several beverage manufacturers towards edible packaging. The ongoing promotional activities and awareness campaigns laid by existing players are likely to increase adaptability shortly.

Why Purchase the Report?

  • Understand the current market scenario and viability of the edible packaging market over the forecast period.
  • Visualize the composition of the global edible packaging market in terms of package type, packaging material, source, and end-use to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the forecast period.
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings about the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global edible packaging market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Food & Beverage Manufacturers
  • Packaging Solution Providers
  • Food Packaging Equipment Suppliers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals

Frequently Asked Questions

What is the Projected CAGR value of the Edible Packaging Market?

Edible Packaging Market is expected to grow at a CAGR of 5.6% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Edible Packaging Market during 2022-2029.

Which is the fastest growing region in the Edible Packaging Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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