Edible Packaging Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Material (Polysaccharides, Lipid, Surfactant, Protein Films, Composite Films), By Application (Food And Beverage, Pharmaceutical, Others), And By Geography - Forecasts From 2019 To 2024

The edible packaging market is estimated to grow at a CAGR of 9.93% to reach US$719.752 million in 2024 from US$407.836 million in 2018. Edible packaging refers to an alternative to conventional packaging wherein the packaging itself is safe for human consumption. The concept of edible packaging was created to eliminate waste that accumulates after consuming packaged food products. Besides from the perspective of eliminating waste, edible packaging can be utilized for multiple applications such as product quality, stability, safety, convenience for consumers, etc. the demand for edible packaging is expected to increase on account of the rising consumption of processed food around the world. The growing concern regarding the waste created through conventional forms of packaging is projected to improve the demand of the edible packaging market. 

Furthermore, the intensifying hygiene concerns around the globe are poised to create new avenues for the edible packaging market. The developing technological advancements fuelled through the increasing investments in research and development of edible packaging are poised to create new opportunities for the market. Geographically, the North American region is estimated to hold a significant share of the market owing to the early use as well as the production of the packaging process in the region. The Asia-Pacific region is anticipated to have a high growth rate during the forecast period due to the rise in the standard of living coupled with the growing consumption of processed food products in the region.

DRIVERS

• Growing need to reduce waste caused by conventional packaging
• Developing concerns about hygiene

RESTRAINTS

• High costs
• Stringent government regulations

The major players profiled in the Edible packaging market include Kuraray Co. Ltd., Tate and Lyle Plc, JRF Technology, LLC, WikiCell Designs, Pace International LLC, Safetraces, Inc., Tipa Corp, Watson, Inc., Devro plc, Interpack, Nagase & Co. Ltd, Ingredion Inc, Evoware, Coveris Holdings, and Dupont de Nemours and Company. 

Edible Packaging Market Scope:

Segmentation

The edible packaging market has been analyzed through the following segments:

By Material

• Polysaccharides
• Lipid
• Surfactant
• Protein Films
• Composite Films

By Application

• Food and Beverage
• Pharmaceutical
• Others

By Geography

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
• Middle East and Africa
  • Saudi Arabia
  • Israel
  • Others
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Others