PUBLISHER: Value Market Research | PRODUCT CODE: 1481851
PUBLISHER: Value Market Research | PRODUCT CODE: 1481851
The global demand for Edible Packaging Market is presumed to reach the market size of nearly USD 288.12 Million by 2032 from USD 170.25 Million in 2023 with a CAGR of 6.02% under the study period 2024-2032.
Edible packaging refers to materials and containers that are safe for consumption and eaten with food or beverages. These innovative packaging solutions are designed to reduce waste, minimize environmental impact, and enhance consumer convenience and experience. These materials are typically made from natural, food-grade ingredients such as plant-based polymers, proteins, carbohydrates, edible films, and coatings derived from fruits, vegetables, seaweed, or algae. They are biodegradable, compostable, or edible, offering a sustainable alternative to conventional single-use plastics and packaging materials. It is used in various food and beverage products such as snacks, confectionery, beverages, and single-serve items, providing a novel and eco-friendly packaging solution that aligns with consumer preferences for sustainability and health.
Spurring environmental concerns and awareness about plastic pollution are driving consumers and businesses toward sustainable packaging solutions. The escalating preference for convenience and on-the-go consumption drives demand for edible packaging, eliminating the need for separate disposal and reducing packaging waste. Moreover, advancements in food technology and material science have led to the development of edible packaging solutions with improved barrier properties, shelf stability, and sensory attributes, making them suitable for a wide range of food products. Furthermore, the rising demand for innovative and experiential packaging solutions to enhance brand differentiation and consumer engagement drives market growth. Moreover, government regulations and initiatives promoting sustainable packaging and reducing single-use plastics further drive market growth. However, regulatory hurdles and consumer acceptance may challenge the edible packaging market growth in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Edible Packaging. The growth and trends of Edible Packaging industry provide a holistic approach to this study.
This section of the Edible Packaging market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Edible Packaging market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Edible Packaging market include MonoSol LLC. (Kuraray Co. Ltd.), Notpla Limited, Tate & Lyle PLC, JRF Technology LLC., Bakeys Foods Private Limited, Sunpack Corporation, SafeTraces Inc, Evoware, Watson Inc., Devro Plc, Tsukioka Film Pharma Co. Ltd., JRF Technology LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.