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Edible Packaging Market Trends

Report ID: GMI7473
Published Date: Nov 2023
Report Format: PDF

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Edible Packaging Market Trends

The edible packaging industry is a segment within the broader food packaging industry that focuses on the development and production of packaging materials and solutions that are safe for human consumption. These edible packaging materials can be consumed along with the food or beverage they encase, reducing waste and providing innovative and sustainable alternatives to traditional packaging. The market is driven by environmental concerns, government regulations, consumer demand for sustainability, innovation, and customization, among other factors. However, it also faces restraints related to cost, taste and texture issues, and regulatory challenges. Despite these challenges, the edible packaging market is on the rise as more businesses and consumers prioritize sustainability and eco-friendly packaging options.

The use of edible packaging is expanding beyond food and beverages. The market is diversifying to include pharmaceuticals, cosmetics, and other industries seeking sustainable packaging solutions. Compliance with food safety and regulatory standards remains a crucial focus. Companies are working to ensure that their edible packaging materials meet the necessary safety and quality standards for human consumption. The growth of e-commerce and online food delivery services has created opportunities for edible packaging. These materials are being adapted for use in these delivery services, catering to the changing consumer landscape.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for edible packaging was valued at over USD 620 Million in 2022 and is anticipated to grow at a CAGR of over 6% between 2023 and 2032, backed by the rising environmental awareness and the need to reduce plastic waste & non-biodegradable packaging materials.

The nanotechnology segment registered a market share of over 28% in 2022 and will grow as nanotechnology allows for the development of edible packaging materials with enhanced barrier properties, that can effectively block moisture, oxygen, and other environmental factors, extending the shelf life of packaged products.

Asia Pacific market for edible packaging will grow with a CAGR of over 7% during 2023-2032, owing to the growing environmental consciousness among consumers in the region.

Billerudkorsnas, Canfor, CTI Paper USA, Daio Paper Construction, Fujian Qingshan Paper Co., Ltd., Gascogne Papier, Genus Paper and Boards Limited, Georgia-Pacific, and Glatfelter among others.