Edible Packaging Market Analysis Overview

A novel innovation in food technology, edible food packaging has been a breakthrough in the packaging space. Edible food packaging has cropped up to address the issues pertaining to ethics, food safety, sustainability, and environmental degradation. Edible food packaging has the ability to biodegrade efficiently like the food it contains and can be eaten too. The edible food packaging market has been gaining traction of late, and Market Research Future (MRFR)'s latest study on the global Edible Packaging Market Analysis throws light on the pertinent factors that can impact the market over the forecast period of 2017-2023. MRFR has predicted a CAGR of 6.2% in the Edible Packaging Market Analysis.

Conversely, research in edible packaging is still in its infancy and might be met by some obstacles in its growth trajectory. Inferior physical characteristics remain major bottleneck to market growth. Finding edible substances that are cost-effective and can be easily converted into packaging remains a challenge for the market. Moreover, edible packaging being a novel technology involves high costs which raises the overall price o the products which restrict mass adoption of edible packaging food products.

Segmentation

The global Edible Packaging Market Analysis has been segmented based on material and application.

By material, the Edible Packaging Market Analysis has been segmented into polysaccharides, lipid, protein films, and others. The lipid segment is leading the market. Lipid compounds act as an excellent barrier of oxygen and water vapor which helps in the prevention of contamination due to which they are extensively used in food packaging. The protein film segment is anticipated to be the fastest-growing segment over the forecast period. Protein films are composed of corn zein, gluten, and casein and provide the body with high immunity and energy levels. Moreover, protein films are considered safe for consumption. The polysaccharides segment is also likely to exhibit noteworthy growth over the forecast period.

By application, the Edible Packaging Market Analysis has been segmented into Food & Beverage, and Pharmaceutical. Application-wise, the food & beverage segment dominates the market. Augmenting demand for packaged food and beverages, including ready-to-eat meals, snacks, and frozen food products has augured the growth of the segment. Increasing disposable income in emerging economies such as Brazil, India, and China have favored the growth of the segment.

Competitive Landscape

• Interpack (U.S.)
• Ingredion Inc (U.S.)
• Evoware (Indonesia)
• Dupont de Nemours and Company (U.S.)
• Safetraces, Inc. (U.S.)
• Watson, Inc. (U.S.)
• Nagase & Co. Ltd. (Japan)
• Tipa Corp (Israel)
• Pace International LLC (U.S.)
• JRF Technology, LLC (U.S.)
• Coveris Holdigs, (U.S.)
• Tate & Lyle Plc. (U.K)
• WikiCell Designs Inc. (U.S.)
• Devro plc (U.K)
• MonoSol, LLC (U.S.)

Regional Analysis

By region, the Edible Packaging Market Analysis has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

North America is the dominant market for edible packaging. The rapid expansion of the pharmaceutical industry has reflected favorably on the North America Edible Packaging Market Analysis. The US is the key contributor to the North America market. High demand for packaged food products and heightened awareness regarding hygiene in food packaging propels the demand for edible packaging in the region.

The Europe market accounts for an advantageous share of the global Edible Packaging Market Analysis. Innovation and development in the edible packaging space and growing demand for edible packaging in the region are supporting the growth of the Europe market.

The APAC Edible Packaging Market Analysis is anticipated to showcase rapid growth over the forecast period. The prolific growth of the packaging industry has spurred the demand for edible packaging in the region. Moreover, within the context of fast-track urbanization and growing disposable income, the demand for packaged food products has witnessed an upsurge. In addition, the easy availability of raw materials and low cost of operating in the region has prompted various packaging industry players to shift their operations in the region.

The RoW market is likely to exhibit moderate growth over the forecast period due to the growing demand for edible packaging from the e-commerce sector.

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