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Emerging Trends in Edible Packaging: An In-depth Industry Overview and Forecast

05-16-2024 12:41 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Consulting

Emerging Trends in Edible Packaging: An In-depth Industry

Edible packaging refers to biodegradable and edible packaging. The packaging is made from biodegradable, plant-based natural materials and is edible without requiring processing, recycling, packaging, or waste. It plays an important role in providing customers with a good alternative to packaging products. In-use packaging meets consumer demand for sustainable, environmentally friendly products and limits waste from packaging products. The increasing desire to eliminate harmful packaging waste is driving the growth of the edible packaging market. As packaging waste increases, it should be recycled, or biodegradable packaging alternatives should be used. To meet these requirements, large companies in the food, beverage, and pharmaceutical industries choose this packaging as an environmental protection product. The high cost of the packaging could hinder the growth of the edible packaging market. Seaweed extracts, plant starches, or substitute proteins are examples of uncommon components frequently found in edible packaging. The growing environmental concerns about edible packaging create a lucrative opportunity for the growth of the market. The need for environmentally friendly packaging solutions is rising as environmental concerns increase. Naturally biodegradable, edible packaging minimizes waste. Waste made of plastics is a serious environmental issue.

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Edible Packaging Market Key Players
• WikiCell Designs Inc.(France)
• Tate & Lyle Plc. (UK)
• Safetraces, Inc. (US)
• Tipa Corp (Israel)
• MonoSol, LLC (Japan)
• Watson, Inc. (US)
• Interpack (US)
• Coveris Holdings (Austria)
• Devro plc (UK)
• Dupont de Nemours and Company (US)
• Others

Edible Packaging Market Segmentation:
By Source
• Plant Tissues
• Animal Tissues
• Synthetic Tissues

By Packaging Process
• Antimicrobial
• Nanotechnology
• Electro hydrodynamic
• Coatings
• Microorganism

By Material
• Polysaccharides
• Lipid, Surfactant
• Protein Films
• Composite Films
• Other Materials

By Application
• Food & Beverages
• Pharmaceuticals

Application is the fastest-growing segment in the edible packaging market.
The food and beverage segment dominates the market. It is widely used in the food and beverage industry for packaging different products such as fresh food, baby food, food, dairy products, bakery, and confectionery. Improving lifestyles and increasing demand for processed foods are accelerating the growth of this segment. It keeps the product safe and maintains the shelf life of the food. It is important to limit packaging and waste and reduce the leaching of harmful chemicals into foods.

Europe holds the largest market share in the global edible packaging market.
Europe is the leading region and the main reason for the growth is increased consumer awareness of the dangers of using too much plastic. The ban on single-use plastic has also increased the demand for food packaging in Europe. Plastic bags, straws, and cutlery are among the single-use plastic products that the European Union has outlawed or restricted. This is to promote a change to more environmentally friendly or reusable packaging options. The market for innovative edible packaging has opened up as a result of these prohibitions. Novel approaches that minimize their negative effects on the environment and adhere to safety and hygienic regulations are required. This rising demand is driving the edible packaging market's expansion.

Recent developments in the edible packaging market for market expansion.
• In September 2022, Pace International LLC announced PrimaFresh® 60 Organic, a premium organic edible plant-based coating. The company produces specialized products to fuel the new demand for stone fruit by properly controlling dehydration.
• In October 2021, A London-based business called Notpla developed a new seaweed packaging to replace traditional plastic bags.
• In January 2021, The famous New York-based company The New York-based Company for Loliware announced the launch of edible straws based on algae and seaweed. Loliware uses seaweed, grinds it, and mixes it with minerals, pigments, and water.
• In August 2022, Leading coatings company Nippon Paint China partnered with BASF to develop new food-grade packaging for Nippon Paint's dry mix mortar range.

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https://futuremarketconsulting.com/reports/global-edible-packaging-market-53474

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